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 Chip Somodevilla/Getty ImagesKamala Harris suffered a blow to her campaign Wednesday when the Teamsters, one of the most influential labor unions with long ties to the Democratic Party, declined to make a presidential endorsement.
The announcement from the leadership of the 1.3-million-member International Brotherhood of Teamsters marked the first time in nearly three decades the union sat out a presidential election. In every presidential election since 1996—the last year the Teamsters did not endorse a presidential candidate—the union has endorsed a Democrat.
About two-thirds of the union's membership supports Donald Trump, recent electronic and phone surveys found. About a third supports Harris. Earlier this year, Joe Biden bested Trump in the organization's town hall straw polls.
Read more at The Daily Beast.
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 Andrew Kelly/ReutersThe Federal Reserve cut its key interest rate by 0.5 per cent Tuesday—thrusting it into the center of a political firestorm.
It cut its key borrowing rate from 5.25 to 5.50 per cent to 4.75 to 5 per cent. Markets rose immediately on the cut, the biggest since crisis measures taken in 2008 as the economy collapsed into the Great Recession.
But the cut is also the most politically-charged action taken in recent history by the interest-rate setting body—because former president Donald Trump had repeatedly demanded that it keep interest rates stable before the election. He and his aides think a cut in the cost of borrowing would benefit Vice President Kamala Harris' campaign by convincing people that the economy is strong and by reducing concerns over inflation.
Read more at The Daily Beast.
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Get the latest news from the 2024 campaign trail in the contest between Vice President Kamala Harris and former president Donald Trump.
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 Chip Somodevilla/Getty ImagesSenior Democratic Party lawmakers are reportedly concerned that Republican House Speaker Mike Johnson could try and sabotage a Kamala Harris election victory.
Top-level meetings are secretly being held to guard against several eventualities that could impede the smooth transfer of power if Donald Trump loses in November, according to Politico.
While Democratic lawmakers say such a scenario is unlikely, they worry how Johnson will react if the Republicans retain control of the House and oversee Harris being certified as president.
Read more at The Daily Beast.
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