Fed raises its benchmark rate a quarter point to 3.75%-4%, its first increase since July 2023

Trump called for rates of "1%, or less" and said the blame belongs to the Fed's board, not to the chair he picked, Kevin Warsh.

- Sep. 11 — August consumer prices came in at 3.4% for the year and 0.4% for the month, up from 0.1% in July, with gasoline doing most of the monthly work. - Sep. 12 — Core inflation eased to 2.4%, but markets moved past 80% odds on a Sept. 16 hike. - Sep. 14 — Trump threatened to cut off trade with some countries unless the Fed lowered rates. - Sep. 16 — Swaps traders priced a 90% chance of a quarter-point increase hours before the meeting ended.

ContextCongress gives the Fed two jobs: keep prices stable and keep as many people employed as possible. For the price half, it aims at 2% inflation a year. Prices are running at 3.4%. That gap is the case for raising rates, even as a president heading into midterm elections wants cuts. Trump named Warsh chair, and Warsh was widely expected to favor lower rates. Trump also appointed Jerome Powell, the last chair he attacked this way.

NYT17 sources

2us

House passes the Ratepayer Protection Act, telling state regulators to weigh making data centers pay their own power and grid costs

The bill passed with votes from both parties on Wednesday, Sept. 16, and now needs the Senate; it does not itself cap anyone's electric bill.

The House energy committee advanced the bill unanimously on Thursday, Sept. 3 — no member voted against it. State utility commissions, not Congress, keep the final say over rates either way.

ContextIt is the first data-center bill to clear a chamber of Congress, and likely one of the last the House takes up before the Nov. 3 midterms, with Washington under growing pressure to put guardrails around the AI build-out as power bills climb. Senate Majority Leader John Thune, a South Dakota Republican, has said data centers "ought to be able to take care of their own utilities, their own power"; he has not said whether the Senate will take the bill up.

AXIOS2 sources

Attacks on Saudi export pipeline push WTI crude to $107.02 a barrel, a 30-day high

Chinese domestic crude prices set records as Beijing runs down the stockpiles it has been using since the Iran war began to hold prices down.

Saudi Arabia ships most of its crude from Gulf terminals feeding the Strait of Hormuz, the narrow sea passage at the mouth of the Gulf. The east-west pipeline across the kingdom exists to bypass that chokepoint, so hitting it removes the workaround. Pump prices follow crude with a lag of two to six weeks, so drivers see a move like this one weeks after traders do. Chart: West Texas Intermediate spot price, 107.02 dollars per barrel on 2026-09-15, up from 77.33 dollars on Aug. 4 (U.S. Energy Information Administration via FRED).

ContextSaudi Arabia ships most of its crude from Gulf terminals feeding the Strait of Hormuz, the narrow sea passage at the mouth of the Gulf. The east-west pipeline across the kingdom exists to bypass that chokepoint, so hitting it removes the workaround. Pump prices follow crude with a lag of two to six weeks, so drivers see a move like this one weeks after traders do. Chart: West Texas Intermediate spot price, 107.02 dollars per barrel on 2026-09-15, up from 77.33 dollars on Aug. 4 (U.S. Energy Information Administration via FRED).

FT2 sources

Congress sends Trump a bill letting him impose 100% tariffs on countries that buy Russian oil

Named for the late Sen. Lindsey Graham, the bill also requires sanctions on Russian officials, defense contractors and shadow-fleet tankers.

- Aug. 28 — A Russian drone hit an ammunition depot in Myla near Kyiv; 38 died and four went missing. - Sept. 5-6 — Steve Witkoff and Jared Kushner carried a U.S. peace proposal to Putin in Moscow, then to Zelensky in Kyiv; Putin ordered a 72-hour halt to strikes on the two capitals. - Sept. 9 — Russia resumed strikes on Kyiv as soon as the pause lapsed, killing seven; Trump and Putin then spoke for an hour. - Sept. 13 — Putin warned that European troops in Ukraine would mean war with Russia, and Moscow rejected European peace plans. - Sept. 16 — The House voted 214-211 to bring the sanctions bill to the floor, with two Democrats saving the rule after two Republicans defected.

ContextThe Senate passed the measure in August with broad bipartisan support, after Trump officially backed it and Sen. Lindsey Graham — the bill's lead sponsor and one of Ukraine's biggest champions in Congress until his sudden death in July — served as the key negotiator with the White House. The bill was renamed for Graham after his death. Sen. Richard Blumenthal, a Connecticut Democrat, helped write the bill, and Rep. Michael McCaul, a Texas Republican, led it in the House. The tariff power is the contested piece — the courts restrained Trump’s earlier tariffs, imposed on his own authority. Blumenthal, who helped write the bill, made the bill’s answer himself: “If Donald Trump wants to break this law, he will be restrained by the courts, just as when he broke the law on tariffs previously.” This time the power comes from Congress, not the president’s own signature.

POLITICO5 sources

5us

More than two dozen lawmakers and governors say they do not use AI while drafting rules

Frank Pallone (D-N.J.), the ranking Democrat on House Energy and Commerce, said he has never used the tools and compared oversight to regulating heroin.

Sen. Sheldon Whitehouse (D-R.I.), 70, answered “I don’t think I do” when asked whether he uses it; Rep. Bobby Scott (D-Va.), 79, the ranking member on Education and the Workforce, said he uses it every day.

ContextChuck Schumer (D-N.Y.) held nine bipartisan AI forums in fall 2023, but no major bill reached the Senate floor, leaving hiring tools, deepfake fraud, and face tracking without federal limits for voters. The delay mirrors web rules in the 1990s, when Congress passed Section 230 in 1996 and left user privacy to private tech companies.

AXIOS1 source

Thursday · The daily brief

Sep 172026

5 leads29 briefs15 min

Executive summary5 stories

News news5

  1. Fed raises its benchmark rate a quarter point to 3.75%-4%, its first increase since July 2023Trump called for rates of "1%, or less" and said the blame belongs to the Fed's board, not to the chair he picked, Kevin Warsh.
  2. House passes the Ratepayer Protection Act, telling state regulators to weigh making data centers pay their own power and grid costsThe bill passed with votes from both parties on Wednesday, Sept. 16, and now needs the Senate; it does not itself cap anyone's electric bill.
  3. Attacks on Saudi export pipeline push WTI crude to $107.02 a barrel, a 30-day highChinese domestic crude prices set records as Beijing runs down the stockpiles it has been using since the Iran war began to hold prices down.
  4. Congress sends Trump a bill letting him impose 100% tariffs on countries that buy Russian oilNamed for the late Sen. Lindsey Graham, the bill also requires sanctions on Russian officials, defense contractors and shadow-fleet tankers.
  5. More than two dozen lawmakers and governors say they do not use AI while drafting rulesFrank Pallone (D-N.J.), the ranking Democrat on House Energy and Commerce, said he has never used the tools and compared oversight to regulating heroin.

News news5 stories

Ongoing4 earlier updates5 days
NYTUpdate2026 midterms

Fed raises its benchmark rate a quarter point to 3.75%-4%, its first increase since July 2023

Trump called for rates of "1%, or less" — against the new 3.75%-4% range — and said the blame belongs to the Fed's board, not to the chair he picked, Kevin Warsh.

The decision. The Federal Reserve raised its target range for short-term interest rates by a quarter point on Wednesday, Sept. 16, to 3.75%-4%. That is the first increase since July 2023, and the first big move by Chair Kevin Warsh. Prices are rising 3.4% a year — the Labor Department's August reading, unchanged from July — well above the 2% pace the Fed aims for. Core prices, which strip out food and fuel, rose 2.4% over the year. The vote was unanimous — Warsh himself voted for the increase. It came seven weeks before the midterm elections, after months of public demands from Donald Trump that the Fed cut instead.

Trump's answer. On Truth Social, he said rates "should be 1%, or less" — roughly three points under the 3.75%-4% the Fed just set. Speaking to reporters after landing in North Carolina, he aimed past his own appointee: "I'm relying on Kevin, but he's got a very tough board."

Where it stands. The new target range is 3.75%-4%, up from 3.5%-3.75%. Traders in interest-rate markets had already bet heavily that the increase was coming.

Catch upwhat happened before · 4 earlier issues
  • Sep. 11 — August consumer prices came in at 3.4% for the year and 0.4% for the month, up from 0.1% in July, with gasoline doing most of the monthly work.
  • Sep. 12 — Core inflation eased to 2.4%, but markets moved past 80% odds on a Sept. 16 hike.
  • Sep. 14 — Trump threatened to cut off trade with some countries unless the Fed lowered rates.
  • Sep. 16 — Swaps traders priced a 90% chance of a quarter-point increase hours before the meeting ended.
Currently showing Where rates, inflation, and Trump's demand stand
Where rates, inflation, and Trump's demand stand
Where rates, inflation, and Trump's demand stand Comparing short-term rates, inflation, and policy demands against the Fed target Fed inflation target Fed funds rate (new) Headline CPI (Aug) Core CPI (Aug) Fed target Trump demands 3.75%–4% Lower rates ← Policy rate & inflation scale → Higher rates Sources: Federal Reserve FOMC, Bureau of Labor Statistics
Where rates, inflation, and Trump's demand stand
Ongoing1 earlier update14 days

This story has run 2 times over 14 days, starting Sep 3.

  1. UpdateHouse panel unanimously advances bill making data centers pay their own grid-upgrade costs
  2. House passes the Ratepayer Protection Act, telling state regulators to weigh making data centers pay their own power and grid costs — this issue
AXIOS

House passes the Ratepayer Protection Act, telling state regulators to weigh making data centers pay their own power and grid costs

The bill passed with votes from both parties on Wednesday, Sept. 16, and now needs the Senate; it does not itself cap anyone's electric bill.

The House passed the Ratepayer Protection Act on Wednesday, Sept. 16. The bill would push state utility regulators to consider rules that make data centers cover the cost of the power lines, substations and generation their facilities require, instead of spreading those costs across everyone else's monthly bills. The vote was 417-3.

What next. The measure goes to the Senate, which has not scheduled a vote.

Catch upwhat happened before · 1 earlier issue

The House energy committee advanced the bill unanimously on Thursday, Sept. 3 — no member voted against it. State utility commissions, not Congress, keep the final say over rates either way.

Ongoing7 earlier updates8 days
FTIran war

Attacks on Saudi export pipeline push WTI crude to $107.02 a barrel, a 30-day high

Beijing has spent the Iran war selling oil out of its own reserves instead of buying more on the world market, which held prices down for everyone.

Strikes by Yemen's Houthi rebels on a Saudi export pipeline have cut the flow of crude reaching the kingdom's loading terminals, and buyers bid up every barrel still moving. West Texas Intermediate, the U.S. benchmark grade, settled at $107.02 a barrel on Tuesday, Sept. 15 — the highest close in the Energy Department’s last 30 trading days — up from $77.33 on Aug. 4.

China has spent the Iran war absorbing the shock by selling oil out of its own reserves rather than buying more on the world market, which held prices down for everyone.

The U.S. Embassy in Riyadh told Americans on Wednesday, Sept. 16, to reconsider travel to the kingdom.

Still open. How much of the line's capacity is out, and for how long, Riyadh has not said. Without that, how much of the six-week move in crude the outage explains is not known.

Currently showing West Texas Intermediate spot price
West Texas Intermediate spot price
West Texas Intermediate spot price Daily EIA spot observations, latest 30 trading days Source: U.S. Energy Information Administration via FRED (DCOILWTICO), dollars per barrel $70 $80 $90 $100 $110 $77.3 $107 2026-08-04 2026-08-13 2026-08-25 2026-09-03 2026-09-15
West Texas Intermediate spot price
Ongoing2 earlier updates5 days

This story has run 3 times over 5 days, starting Sep 12.

  1. House schedules vote next week on authorizing 100% tariffs on Russian oil buyers
  2. UpdateThe House voted 214-211 to advance 100% tariffs on buyers of Russian oil
  3. UpdateCongress sends Trump a bill letting him impose 100% tariffs on countries that buy Russian oil — this issue
POLITICOUpdateRussia-Ukraine war

Congress sends Trump a bill letting him impose 100% tariffs on countries that buy Russian oil

Named for the late Sen. Lindsey Graham, the bill also requires sanctions on Russian officials, defense contractors and shadow-fleet tankers.

The vote. The House passed the Russia sanctions package on Wednesday, Sept. 16, the last step before President Trump's signature after more than a year of stalling in Congress.

The tariff lever. The bill lets Trump put tariffs of up to 100% on any country that keeps buying Russian energy — a border tax on that country's goods coming into the United States. The target is India and China, the two largest customers for Moscow's crude.

The mandatory list. It also makes a set of sanctions mandatory rather than optional: on senior Russian officials, on foreign firms helping the Russian defense industry, and on the aging "shadow fleet" of tankers that moves oil around existing price caps (limits Western countries set on what buyers may pay for Russian oil).

The party split. Most Democrats voted no — “What we’re not for is giving more tariff authority to this president,” Rep. Richard Neal of Massachusetts said during the debate, after Republicans in the Rules Committee refused to strip the tariff power or narrow it. Fifty-eight Democrats crossed over anyway, breaking with Minority Leader Hakeem Jeffries. Republicans carried the rest.

What next. It goes to Trump's desk; he is expected to sign it, and the tariff authority is his to use or not use.

Catch upwhat happened before · 2 earlier issues
  • Aug. 28 — A Russian drone hit an ammunition depot in Myla near Kyiv; 38 died and four went missing.
  • Sept. 5-6 — Steve Witkoff and Jared Kushner carried a U.S. peace proposal to Putin in Moscow, then to Zelensky in Kyiv; Putin ordered a 72-hour halt to strikes on the two capitals.
  • Sept. 9 — Russia resumed strikes on Kyiv as soon as the pause lapsed, killing seven; Trump and Putin then spoke for an hour.
  • Sept. 13 — Putin warned that European troops in Ukraine would mean war with Russia, and Moscow rejected European peace plans.
  • Sept. 16 — The House voted 214-211 to bring the sanctions bill to the floor, with two Democrats saving the rule after two Republicans defected.

A stacked bar of the House vote: 214 yes and 211 no, 425 votes cast, so 50 percent of those voting said yes.

Chart

The House voted 214–211

3-vote margin, out of 425 votes cast.

The House voted 214–211A stacked bar of the House vote: 214 yes and 211 no, 425 votes cast, so 50 percent of those voting said yes. A reference line at 218 is labelled "218 for a majority of the full 435-seat House".
YesNo
The numbers
The House voted 214–211
VotesYesNo
House roll call214 votes211 votes
AXIOS

More than two dozen lawmakers and governors say they do not use AI while drafting rules

Frank Pallone (D-N.J.), the ranking Democrat on House Energy and Commerce, said he has never used the tools and compared oversight to regulating heroin.

Interviews published Wednesday, Sept. 16, found that more than two dozen lawmakers and governors do not use artificial intelligence. Most said they have never opened a generative tool. Others tried one once or twice, leaving technical tracking entirely to staff.

The defense. Pallone's office argued that lawmakers do not need personal experience to write rules. The spokesman said Congress often regulates street drugs like heroin without members using them.

The pushback. Tech experts counter that setting standards takes hands-on testing. Without direct use, lawmakers cannot evaluate model weights, compute caps, or false answers. One House Democrat called the gap absurd.

Where it stands. Congress has passed no federal safety law for artificial intelligence. Committee bills remain stalled, leaving rules to state laws and executive orders.

Sen. Sheldon Whitehouse (D-R.I.), 70, answered “I don’t think I do” when asked whether he uses it; Rep. Bobby Scott (D-Va.), 79, the ranking member on Education and the Workforce, said he uses it every day.

Related reading

Rand Paul (R-Ky.) used a procedural objection on Wednesday, Sept. 16, to halt John Kennedy (R-La.)'s AI Emergency Button Act.

The Treasury Department confirmed bilateral meetings in New York ahead of the planned Sept. 24 summit between Donald Trump and Xi Jinping in Washington.

Quick bites7

  1. House votes by unanimous consent to hold Leon Black in contempt of Congress

    POLITICO

    Black refused to sit for a deposition or turn over documents under two Oversight Committee subpoenas — one for the deposition, one for Epstein-related documents. The contempt referral passed by unanimous consent, with no member objecting; it now goes to the Justice Department, which decides on its own whether to bring criminal charges.

    Ongoing1

    This story has run 2 times over 13 days, starting Sep 4.

    1. Leon Black skipped his Epstein deposition and sued House Oversight to void the subpoenas
    2. House votes by unanimous consent to hold Leon Black in contempt of Congress — this issue
  2. EU chief proposes making Canada the bloc's first associate member

    AXIOSTariffs and trade

    EU chief Ursula von der Leyen wants to open talks on associate membership for Canada, she said Wednesday, Sept. 16, in Brussels beside Prime Minister Mark Carney. Ottawa is looking to Europe after a year of U.S. tariffs and Trump's talk of making Canada the 51st state. Canada cannot join outright: EU treaties limit full membership to European states. She did not say what rights or duties the lesser tier would carry. Trump answered Thursday evening: “If it's a hostile act, I will put very serious tariffs or stop trading with Europe on many things,” he told reporters. “If it's a bad intention, we'll put very heavy tariffs on Europe.”

  3. White House chief of staff Susie Wiles says she is cancer free six months after her breast cancer diagnosis

    THE HILL

    Wiles, 69, wrote on X on Wednesday, Sept. 16, that her pathology results came back clear, six months after she disclosed an early-stage breast cancer diagnosis in March and kept working through treatment.

  4. Family of Texas woman who died of preeclampsia sues AG Ken Paxton over denied abortion

    THE HILL

    Tierra Walker was 37 when preeclampsia killed her in 2024 — seizures, then blood clots. On Wednesday, Sept. 16, her family sued. Named in the suit: the doctors who treated her, and Attorney General Ken Paxton, whose office enforces the state's abortion ban and has moved against doctors who use its medical exception. The suit says the ban left those doctors unwilling to end the pregnancy. The claims are untested; no defendant has responded.

  5. Trump donor Harold Hamm's Continental Resources signs deal to drill 126,000 acres in Venezuela

    THE HILL

    Continental signed a memorandum of understanding — a framework, not a final contract — with Venezuela's state-run oil company PDVSA on Wednesday, Sept. 16, to explore and produce in a 126,000-acre field Venezuela has never developed. The block is about 200 square miles. PDVSA remains under U.S. sanctions, so any drilling would need a license from Treasury's sanctions office. Hamm is among Trump's closest allies in the U.S. oil industry.

  6. Fifth Circuit throws out EPA ban on toxic paint stripper methylene chloride

    THE HILL

    A unanimous panel ruled Sept. 15 that the agency cannot ban a chemical on uncertainty about leftover risk — it has to identify an unreasonable risk for each use, and it wrongly assumed workers would skip protective equipment.

    How dangerous it actually is: EPA calls methylene chloride “likely to be carcinogenic to humans” and counts at least 88 deaths from short-term exposure since 1980 — the fumes can kill in a single stripping job, and long-term exposure is tied to kidney and liver damage.

    What the rule did: the 2024 rule barred every consumer use and most industrial and commercial uses of the solvent — consumer paint removers had already been banned in 2019, and that ban stays — the court vacated only the 2024 expansion. The Trump administration defended the rule in court while saying it would revisit parts of it; health advocates called the ruling a win for the chemical industry at the expense of workers.

  7. Senate Agriculture Committee advances five-year farm bill 12-11 after Mitch McConnell returns

    THE HILL

    McConnell (R-Ky.) cast the deciding vote along party lines after a 90-day absence following a June fall. The bill failed 10-11 on Aug. 6 when McConnell and Tommy Tuberville (R-Ala.) were out — both were back Wednesday, and Tuberville cast the 12th vote.

    What the bill is: the Agricultural Act of 2026 is the five-year package that funds crop insurance, farm supports and food aid — the first since 2018, with the current extension expiring Sept. 30. The Congressional Budget Office puts the mandatory baseline at $1.374 trillion over a decade, $985 billion of it nutrition programs; SNAP is by far the largest title.

    The fight: Democrats on the panel oppose a provision shifting some SNAP costs to states with high payment-error rates. Chair John Boozman (R-Ark.) offered a one-year delay and was rejected; with Democrats united against it, the bill will likely need 60 votes on the floor, the Courier Journal reports — Republicans hold 53. The House passed its version in April.

Elections22 races

The midterms · 47 days out · November 3, 2026

D or R take the House / Senate?

Sep 16, 8:54 PM CT

U.S. House: chance Democrats take it, Polymarket 89%, Kalshi 89%. U.S. Senate: chance Democrats take it, Polymarket 60%, Kalshi 56%. Full day-by-day figures are in the table below.

U.S. HouseDemocrats take it, 88.5%
89%89%chance Democrats take it · the same price on both · both venues up this week
U.S. House: chance Democrats take it. Today, Polymarket 89% and Kalshi 89%.
U.S. SenateDemocrats take it, 55.5–59.5%
60%56%chance Democrats take it · 4.0pp apart · both venues up this week
U.S. Senate: chance Democrats take it. Today, Polymarket 60% and Kalshi 56%.

3 closest races

  • nOhio SenateSherrod Brown 54.0%▲2.7Jon Husted 46.3%

    POLYMARKET: Ohio Senate — general election

    Sherrod Brown (D) faces Jon Husted (R).

    A special election, to serve out the rest of someone else's Senate term, and the Democratic side holds a narrow lead.

    Two markets, one question

    Ohio Senate

    Sep 16, 8:54 PM CT
    widest venue gap 1.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Ohio Senate. Sherrod Brown (D): Polymarket 54.5%, Kalshi 53.5%; Jon Husted (R): Polymarket 46.0%, Kalshi 46.5%. Widest disagreement between the two venues: 1.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • jTexas SenateJames Talarico 54.5%▲4.0Ken Paxton 45.5%

    POLYMARKET: Texas Senate — general election

    James Talarico (D) faces Ken Paxton (R).

    The Democratic side holds a narrow lead after gaining about four points in a week.

    Two markets, one question

    Texas Senate

    Sep 16, 8:54 PM CT
    widest venue gap 4.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Texas Senate. James Talarico (D): Polymarket 56.5%, Kalshi 52.5%; Ken Paxton (R): Polymarket 44.5%, Kalshi 46.5%. Widest disagreement between the two venues: 4.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • qNevada governorJoe Lombardo 54.5%Aaron Ford 45.0%▲3.4

    POLYMARKET: Nevada governor — general election

    Joe Lombardo (R) faces Aaron Ford (D).

    Nevada's Republican governor is defending his job, and the Republican side holds a narrow lead.

    Two markets, one question

    Nevada governor

    Sep 16, 8:54 PM CT
    widest venue gap 2.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Nevada governor. Joe Lombardo (R): Polymarket 53.5%, Kalshi 55.5%; Aaron Ford (D): Polymarket 45.5%, Kalshi 44.5%. Widest disagreement between the two venues: 2.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

The other 19 races22 races · 12 still in doubt · Sep 16, 8:54 PM CT · markets, not polling

Senate8 of 10

  • kAlaska SenateMary Peltola 67.0%▲1.6Dan Sullivan 33.5%

    POLYMARKET: Alaska Senate — general election

    Mary Peltola (D) faces Dan Sullivan (R).

    A sitting Republican senator is defending this seat, and Peltola holds a commanding lead.

    Two markets, one question

    Alaska Senate

    Sep 16, 8:54 PM CT
    widest venue gap 1.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Alaska Senate. Mary Peltola (D): Polymarket 66.5%, Kalshi 67.5%; Dan Sullivan (R): Polymarket 33.5%, Kalshi 33.5%. Widest disagreement between the two venues: 1.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

  • sGeorgia SenateJon Ossoff 93.2%▲1.3Collins 6.7%

    POLYMARKET: Georgia Senate — general election

    Jon Ossoff (D) faces Mike Collins (R).

    The Democratic side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    Georgia Senate

    Sep 16, 8:54 PM CT
    widest venue gap 0.7pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Georgia Senate. Jon Ossoff (D): Polymarket 93.0%, Kalshi 93.4%; Mike Collins (R): Polymarket 7.0%, Kalshi 6.3%. Widest disagreement between the two venues: 0.7pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • lIowa SenateAshley Hinson 60.8%Josh Turek 39.3%▲1.9

    POLYMARKET: Iowa Senate — general election

    Ashley Hinson (R) faces Josh Turek (D).

    An open seat, with no incumbent running, and the Republican side holds a clear lead.

    Two markets, one question

    Iowa Senate

    Sep 16, 8:54 PM CT
    widest venue gap 0.5pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Iowa Senate. Ashley Hinson (R): Polymarket 60.5%, Kalshi 61.0%; Josh Turek (D): Polymarket 39.5%, Kalshi 39.0%. Widest disagreement between the two venues: 0.5pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • iMaine SenateTroy Jackson 69.0%Collins 31.0%▲0.3

    POLYMARKET: Maine Senate — general election

    Troy Jackson (D) faces Susan Collins (R).

    Democrats only got a candidate here after their primary winner withdrew, and the Democratic side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    Maine Senate

    Sep 16, 8:54 PM CT
    widest venue gap 3.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Maine Senate. Troy Jackson (D): Polymarket 70.5%, Kalshi 67.5%; Susan Collins (R): Polymarket 29.5%, Kalshi 32.5%. Widest disagreement between the two venues: 3.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • mMichigan SenateAbdul El-Sayed 65%▲1.5Mike Rogers 35%

    POLYMARKET: Michigan Senate — general election

    Abdul El-Sayed (D) faces Mike Rogers (R).

    The Democratic side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    Michigan Senate

    Sep 16, 8:54 PM CT
    widest venue gap 2.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Michigan Senate. Abdul El-Sayed (D): Polymarket 65%, Kalshi 64%; Mike Rogers (R): Polymarket 34%, Kalshi 36%. Widest disagreement between the two venues: 2.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • tNebraska SenatePete Ricketts 68.0%Dan Osborn 32.0%▲2.8

    POLYMARKET: Nebraska Senate — general election

    Pete Ricketts (R) faces Dan Osborn (I).

    The Republican side holds a commanding lead after Osborn gained about three points in a week.

    Two markets, one question

    Nebraska Senate

    Sep 16, 8:54 PM CT
    widest venue gap 1.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Nebraska Senate. Pete Ricketts (R): Polymarket 67.5%, Kalshi 68.5%; Dan Osborn (I): Polymarket 32.5%, Kalshi 31.5%. Widest disagreement between the two venues: 1.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • uNew Hampshire SenateChris Pappas 81.8%18.5%▲1.4Sununu

    POLYMARKET: New Hampshire Senate — general election

    Chris Pappas (D) faces John E. Sununu (R).

    The Democratic side holds a commanding lead.

    Two markets, one question

    New Hampshire Senate

    Sep 16, 8:54 PM CT
    widest venue gap 0.5pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    New Hampshire Senate. Chris Pappas (D): Polymarket 82.0%, Kalshi 81.5%; John E. Sununu (R): Polymarket 18.5%, Kalshi 18.5%. Widest disagreement between the two venues: 0.5pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • rNorth Carolina SenateRoy Cooper 91.72%▲0.68.40%Whatley

    POLYMARKET: North Carolina Senate — general election

    Roy Cooper (D) faces Michael Whatley (R).

    The Democratic side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    North Carolina Senate

    Sep 16, 8:54 PM CT
    widest venue gap 0.4pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    North Carolina Senate. Roy Cooper (D): Polymarket 91.50%, Kalshi 91.95%; Michael Whatley (R): Polymarket 8.5%, Kalshi 8.3%. Widest disagreement between the two venues: 0.4pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

Governors11 of 12

  • wAlaska governorWilson 25.75%73.3%Begich 0.88%▲2.9

    POLYMARKET: Alaska governor — general election

    Bernadette Wilson (R) faces Tom Begich (D).

    Wilson holds a clear lead after losing about three points in five days.

    Two markets, one question

    Alaska governor

    Sep 16, 8:54 PM CT
    widest venue gap 1.5pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Alaska governor. Bernadette Wilson (R): Polymarket 26.5%, Kalshi 25.0%; Tom Begich (D): Polymarket 1.30%, Kalshi 0.45%. Widest disagreement between the two venues: 1.5pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

  • yArizona governorKatie Hobbs 87.5%▲0.712.5%Biggs

    POLYMARKET: Arizona governor — general election

    Katie Hobbs (D) faces Andy Biggs (R).

    The Democratic side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    Arizona governor

    Sep 16, 8:54 PM CT
    widest venue gap 0.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Arizona governor. Katie Hobbs (D): Polymarket 87.5%, Kalshi 87.5%; Andy Biggs (R): Polymarket 12.5%, Kalshi 12.5%. Widest disagreement between the two venues: 0.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • acFlorida governorByron Donalds 80.5%19.5%▲0.6Jolly

    POLYMARKET: Florida governor — general election

    Byron Donalds (R) faces David Jolly (D).

    Florida's governor's office is open, and the Republican side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    Florida governor

    Sep 16, 8:54 PM CT
    widest venue gap 0.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Florida governor. Byron Donalds (R): Polymarket 80.5%, Kalshi 80.5%; David Jolly (D): Polymarket 19.5%, Kalshi 19.5%. Widest disagreement between the two venues: 0.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • pGeorgia governorKeisha Lance Bottoms 55.5%Rick Jackson 45.5%▲1.8

    POLYMARKET: Georgia governor — general election

    Keisha Lance Bottoms (D) faces Rick Jackson (R).

    Georgia's governor's office is open, and the Democratic side holds a narrow lead.

    Two markets, one question

    Georgia governor

    Sep 16, 8:54 PM CT
    widest venue gap 4.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Georgia governor. Keisha Lance Bottoms (D): Polymarket 56.5%, Kalshi 54.5%; Rick Jackson (R): Polymarket 43.5%, Kalshi 47.5%. Widest disagreement between the two venues: 4.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • vIowa governorRob Sand 77.8%▲0.3Zach Lahn 22.0%

    POLYMARKET: Iowa governor — general election

    Rob Sand (D) faces Zach Lahn (R).

    The Democratic side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    Iowa governor

    Sep 16, 8:54 PM CT
    widest venue gap 3.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Iowa governor. Rob Sand (D): Polymarket 77.0%, Kalshi 78.5%; Zach Lahn (R): Polymarket 23.5%, Kalshi 20.5%. Widest disagreement between the two venues: 3.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • xMichigan governorJocelyn Benson 91.7%▲0.87.8%James

    POLYMARKET: Michigan governor — general election

    Jocelyn Benson (D) faces John James (R).

    The Democratic side holds a commanding lead.

    Two markets, one question

    Michigan governor

    Sep 16, 8:54 PM CT
    widest venue gap 2.7pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Michigan governor. Jocelyn Benson (D): Polymarket 92.0%, Kalshi 91.4%; John James (R): Polymarket 6.5%, Kalshi 9.2%. Widest disagreement between the two venues: 2.7pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • aaNew York governorKathy Hochul 92.90%▲0.4Blakeman 6.88%

    POLYMARKET: New York governor — general election

    Kathy Hochul (D) faces Bruce Blakeman (R).

    The Democratic side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    New York governor

    Sep 16, 8:54 PM CT
    widest venue gap 1.8pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    New York governor. Kathy Hochul (D): Polymarket 93.5%, Kalshi 92.3%; Bruce Blakeman (R): Polymarket 6.00%, Kalshi 7.75%. Widest disagreement between the two venues: 1.8pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • hOhio governorAmy Acton 54.8%Vivek Ramaswamy 45.5%▲1.1

    POLYMARKET: Ohio governor — general election

    Amy Acton (D) faces Vivek Ramaswamy (R).

    Ohio is choosing a new governor, and the Democratic side holds a narrow lead that has barely moved in a week.

    Two markets, one question

    Ohio governor

    Sep 16, 8:54 PM CT
    widest venue gap 2.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Ohio governor. Amy Acton (D): Polymarket 55.0%, Kalshi 54.5%; Vivek Ramaswamy (R): Polymarket 44.5%, Kalshi 46.5%. Widest disagreement between the two venues: 2.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • abPennsylvania governorJosh Shapiro 96.82%Garrity 2.88%

    POLYMARKET: Pennsylvania governor — general election

    Josh Shapiro (D) faces Stacy Garrity (R).

    The Democratic side holds a commanding lead.

    Two markets, one question

    Pennsylvania governor

    Sep 16, 8:54 PM CT
    widest venue gap 0.7pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Pennsylvania governor. Josh Shapiro (D): Polymarket 96.80%, Kalshi 96.85%; Stacy Garrity (R): Polymarket 2.55%, Kalshi 3.20%. Widest disagreement between the two venues: 0.7pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • zTexas governorGreg Abbott 82.72%▲1.117.50%Hinojosa

    POLYMARKET: Texas governor — general election

    Greg Abbott (R) faces Gina Hinojosa (D).

    The Republican side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    Texas governor

    Sep 16, 8:54 PM CT
    widest venue gap 2.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Texas governor. Greg Abbott (R): Polymarket 82.95%, Kalshi 82.50%; Gina Hinojosa (D): Polymarket 16.5%, Kalshi 18.5%. Widest disagreement between the two venues: 2.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

  • oWisconsin governorDavid Crowley 82.0%▲0.7Tiffany 18.0%

    POLYMARKET: Wisconsin governor — general election

    David Crowley (D) faces Tom Tiffany (R).

    An open governorship, and the Democratic side holds a commanding lead that has barely moved in a week.

    Two markets, one question

    Wisconsin governor

    Sep 16, 8:54 PM CT
    widest venue gap 3.0pp
    • Polymarket, solid
    • Kalshi, dashed
    • shaded = the gap between them

    Wisconsin governor. David Crowley (D): Polymarket 83.5%, Kalshi 80.5%; Tom Tiffany (R): Polymarket 16.5%, Kalshi 19.5%. Widest disagreement between the two venues: 3.0pp. Full history is in the table below.

    7 days ago

    Market-implied chance of winning, out of 100 — prices, not polls. Source: Polymarket · Kalshi.

    These contracts price the party, not the named person — the venues list the seat before the nominee is settled.

“Still in doubt” means no leader above 80% on either book. Prices captured Sep 16, 8:54 PM CT. These are trader-implied estimates, not polls. Separate contracts trade independently, so opposing prices may not add to exactly 100%.

15 stories that didn't make the cutSeen by the desk, ranked, and not run. The number is where each stood in the day's order.
  • 35Court tosses EPA restrictions on highly toxic paint stripper chemicalA federal appeals court vacated the EPA's near-total ban on methylene chloride paint stripper; solid story, but a single-chemical rule with no national hook.
  • 36Rand Paul kills Kennedy's AI ‘kill switch’ billRand Paul blocked Kennedy's unanimous-consent push for an AI 'kill switch' mandate; subsumed by the House AI data center vote we led with.
  • 37Hackers rip down Flock camera, steal its data, share findings with mediaHackers physically pulled a Flock camera and dumped its data to reporters, exposing loose plate-scan software; sourced entirely to the hackers' own claims.
  • 38DHS’s ‘warning notice’ to ICE critic ‘likely’ violated First Amendment: Federal judgeA judge barred DHS from sending more 'warning notices' to an ICE critic, calling them likely unconstitutional; a preliminary order in one plaintiff's case.
  • 39U.S. Intelligence Warns of China Theft Over Sale of F-35 Jets to SaudisDIA and other agencies warn China could harvest F-35 technology if Saudi Arabia buys the jets; rests on unnamed readers of undisclosed internal reports.
  • 40US limits visas for South African officials over alleged anti-white discriminationRubio imposed visa limits on South African officials over alleged anti-white discrimination; incremental step in a long-running feud with no new policy.
  • 41Massie says he hid Hegseth impeachment resolution from GOP leadersMassie said he hid his Hegseth impeachment resolution from GOP leadership; process color on a resolution that will not get a floor vote.
  • 42Continuation of the National Emergency With Respect to Persons Who Commit, Threaten To Commit, or Support TerrorismThe White House renewed the post-9/11 terrorism national emergency for another year; a pro forma annual notice with no change in authority.
  • 43An aging Congress attempts to regulate AI without using itTwo dozen lawmakers told Axios they legislate on AI without using it; a mood piece outrun by the House vote curbing AI data center costs.
  • 44The Inflation Reduction Act’s broken promise is still costing patientsCritics say the Inflation Reduction Act's drug-pricing rules are raising costs and narrowing access; an advocacy argument, not a news event.
  • 45Johnson-Massie feud boils over: "Why are we taking days off our calendar?"Johnson and Massie escalated their feud over the House leaving town early; intra-caucus friction with no legislative consequence.
  • 46Senate panel advances farm bill following McConnell’s returnSenate Agriculture advanced 'Farm Bill 2.0' after McConnell's return; a committee step that lost the legislative slot to the Russia sanctions passage.
  • 47Scoop: U.S. open to discuss AI "shared risks" with China, Bessent saysBessent said the U.S. will raise AI 'shared risks' with China at this weekend's talks; a single official's preview of a meeting that hasn't happened.
  • 48Exclusive: Kristen Silverberg named next president and CEO of Business RoundtableKristen Silverberg, a former U.S. ambassador, was named president and CEO of the Business Roundtable; a trade-group personnel move.
  • 49Revised Medical Criteria for Evaluating Cardiovascular DisordersSocial Security published revised medical criteria for evaluating cardiovascular disability claims; a technical rulemaking notice.