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Fed Divisions Underscore Challenge for Trump’s Next Chair

President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.

© Caroline Gutman for The New York Times

The Federal Reserve is facing a time of little consensus, with policymakers at odds over whether to continue cutting interest rates.
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Trump Doesn’t Want to Talk About Affordability. Democrats Say That’s a Gift.

The president continues to brush off an issue that he said he would solve in his first months in office. Some Democrats say he is making the same mistake as his predecessor.

© Doug Mills/The New York Times

President Trump speaking in Mount Pocono, Pa., on Tuesday. The White House rejected the idea that Democrats were winning on the affordability message.
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Best Comedy of 2025

Late-night came roaring back to life, Roy Wood Jr. delivered a must-see special and Amy Poehler made a must-listen podcast.
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New York’s Environmental Agenda Stalls Under Kathy Hochul

Faced with an affordability crisis and rising energy demands, Gov. Kathy Hochul has slowed progress on New York’s efforts to fight climate change.

© Cindy Schultz for The New York Times

Gov. Kathy Hochul of New York has embraced a pragmatic approach to high energy demand that some critics say has come at the cost of the state’s place at the forefront of the fight against climate change.
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Will the N.Y.P.D. Push Its Therapy Dogs Into Early Retirement?

The dogs are part of a mental wellness program that began after a rash of officer suicides. The dog unit’s fate is unclear as Commissioner Jessica Tisch shifts more officers to patrol duty.

© James Estrin/The New York Times

Detective Theresa Mahon, left, and Sgt. Karolina Ostrowska-Tuznik with Glory (rear), Jenny (left) and Emma in Manhattan in October. Detective Mahon is Glory’s handler.
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One of the Last Times Square Dive Bars Faces Eviction

New York is a city of hustlers, of odds makers and shot takers. For 54 years, Jimmy’s Corner has been their bar.

© Natalie Keyssar for The New York Times

Memorabilia lines the walls of Jimmy’s Corner, a bar that’s been in Times Square for 54 years.
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Always on My Mind: Trump’s Enduring Focus on Joe Biden

After nearly 11 months in office, the president’s tendency to talk about his predecessor is more pronounced than ever.

© Kenny Holston/The New York Times

President-elect Donald J. Trump and President Biden at Mr. Trump’s inauguration in January. Mr. Trump’s allies dispute the idea that he is obsessed with his predecessor.
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Michigan Football Coach Is Detained After Being Fired

The University of Michigan fired Sherrone Moore earlier in the day, an abrupt end to his career there, one of the highest profile jobs in college football.

© Greg Fiume/Getty Images

Sherrone Moore became the Michigan head coach in 2024. He was fired on Wednesday.
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Mexico Approves 50% Tariffs on Many Chinese Imports

The tariffs will apply to goods from China and other nations. Washington has been pressuring Mexico to move away from dealing with China.

© Jose Luis Gonzalez/Reuters

A display of cars by the Chinese automaker BYD in the Mexican city of Ciudad Juarez. China is the second largest exporter to Mexico after the United States.
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Former King Juan Carlos I of Spain, Seeking Relevance, Publishes Book

King Juan Carlos I of Spain abdicated and left for exile years ago. Now, his attempted comeback is giving his family a royal headache.

© Ana Brigida/Associated Press

Juan Carlos I of Spain, in February. He has been mostly left out of recent celebrations of the 50th anniversary of Spain’s transition to democracy, in which he was instrumental.
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María Corina Machado Appears in Norway After Missing Nobel Ceremony

María Corina Machado, who spent over a year in hiding in Venezuela, greeted supporters in Oslo, hours after her daughter accepted the Nobel Peace Prize in her name.

© Jonas Been Henriksen/NTB Scanpix, via Associated Press

María Corina Machado greeting supporters in Oslo from a hotel balcony early on Thursday morning.
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