The Trump administration and Republican lawmakers are seeking to reassure U.S. farmers ahead of midterm elections, following trade tensions with China that have hurt agricultural exports. Trump announced deals with China for soybean, oil, LNG, and Boeing jet purchases. The House passed a farm bill expanding rural investments, but the Senate has not yet taken it up. Experts caution that one-time purchase commitments may not provide the stability farmers need.

Background: Federal Reserve Chair Jerome Powell previously announced he would remain as a Fed governor after his term ends, amid a DOJ probe and record dissents on the FOMC. In his final press conference as chair, Powell reviewed his eight-year legacy, including the aggressive COVID-19 response, the costly inflation miscalculation, the Silicon Valley Bank collapse, and his firm defense of Fed independence. Powell's chairmanship ended on May 17, 2026, with Kevin Warsh sworn in as successor. Powell will remain on the Fed board as a governor until January 2028, citing the need to ensure the Fed's independence is fully restored. The article details his legacy: the post-pandemic inflation surge (prices 27% higher than pre-pandemic, groceries 30% more expensive), the initial 'transitory' misjudgment, the aggressive rate hikes achieving a 'soft landing', and his defense of Fed independence against Trump's attacks including a DOJ investigation into building renovations. It notes Powell's relationship-building with Congress, particularly Senator Tillis, who blocked Warsh's confirmation until the DOJ probe was dropped. The article also highlights Powell's non-economist background and his focus on maximum employment.

New US college graduates are entering a challenging job market characterized by slow hiring, government funding cuts, tariff uncertainty, and AI-driven displacement of entry-level roles. The unemployment rate for recent graduates is 5.6%, higher than the general population's 4.2%, and underemployment remains around 41%. Competition is intensified by experienced workers laid off due to AI and federal cuts, while AI tools are also reshaping the application and interview process.

A growing number of House Republicans are breaking with President Trump on major legislation, including housing, FISA surveillance, immigration enforcement funding, and budget reconciliation. The narrow GOP majority means even a few defections can derail Trump's agenda, highlighting a shift in party dynamics as lawmakers prioritize local reelection concerns.

Georgia holds its primary elections on Tuesday, setting the stage for November's midterms. Key races include the Republican contest to challenge Democratic Senator Jon Ossoff, and the Democratic primary for governor, where former Atlanta Mayor Keisha Lance Bottoms leads. The outcomes will signal Georgia's political direction and affect control of the US Senate, as Republicans hold majorities in both chambers and Democrats seek to reclaim the Senate majority.

China's commerce ministry announced a preliminary agreement with the US to reduce tariffs on specific products, establish trade and investment councils, and finalize agricultural and aircraft deals. The agreement follows President Trump's state visit to Beijing and aims to stabilize bilateral trade relations, though specifics on tariff reductions remain unclear.

The 2026 bee swarm season in North America began 17 days earlier than last year, following record heatwaves and the largest honeybee die-off in US history. Experts from Swarmed and the Urban Bee Lab attribute the shift to warmer winters and earlier blooms, which disrupt bee reproductive cycles and may accelerate varroa mite infestations. The early swarming threatens crop pollination, which adds $15bn in value to US agriculture, and could worsen wild bee declines.

Former top US health officials, including Anthony Fauci and Stephanie Psaki, warned at a Washington DC event that the US is not ready for the next pandemic. They cited the dismantling of public health infrastructure, the spread of misinformation on social media, and the Trump administration's withdrawal from the WHO as key failures. Experts called for renewed investment in public health, rapid testing, global cooperation, and better communication strategies to rebuild trust.

Venezuela's interim government deported former Industry Minister Alex Saab, a close associate of ousted President Nicolas Maduro, to the United States on May 16, 2026. Saab faces US money laundering charges related to a scheme that exploited a subsidized food aid program. The deportation underscores deepening law enforcement cooperation between Washington and interim President Delcy Rodriguez's administration, which has distanced itself from Maduro loyalists. Saab, previously arrested in Cape Verde and later released in a prisoner swap, was detained again in Caracas in February. His extradition may provide evidence against Maduro, who is detained in New York awaiting trial on terrorism and drug trafficking charges.

Background: The United States removed Venezuelan President Nicolás Maduro in a January military operation but left his party and allies in power under new President Delcy Rodríguez, prioritizing oil-sector recovery over political transition. The US raid on January 3 caused civilian casualties and damage in Catia La Mar, as detailed in on-the-ground accounts. The confusing new political reality includes political prisoner releases, the painting over of Maduro murals, and a protest at El Helicoide prison demanding fresh elections. Venezuelans express mixed emotions—hope for change alongside fear of continued repression. US official Jarrod Agen visited Caracas on the first US commercial flight in seven years, praising progress. Experts suggest Rodríguez aims to preserve the Bolivarian revolution despite the humiliating partnership with Washington.

EU foreign policy chief Kaja Kallas warned that the US, China, and Russia prefer a divided Europe and are pursuing a divide-and-conquer strategy. She urged EU member states to resist bilateral deals with the US and to strengthen the bloc's unity to maintain its geopolitical power. Kallas also discussed Europe's need for a unified strategy on China, contrasting subsidies with more painful but effective tools.

Sen. Lindsey Graham (R-S.C.) declared on NBC's 'Meet the Press' that the Republican Party has no room for lawmakers who align with Democrats to obstruct President Trump's agenda or seek his removal. He cited Sen. Bill Cassidy's primary loss after voting to impeach Trump and warned Rep. Thomas Massie faces a similar fate. Graham emphasized that the party is 'the party of Donald Trump' and that those who try to destroy Trump politically will lose. His comments underscore the ongoing intra-party purge of Trump critics within the GOP.

A new POLITICO poll conducted by Public First from April 11 to 14, 2025, surveying 2,035 U.S. adults, reveals deepening splits within the Republican Party over support for Israel. Self-identified MAGA Trump voters are significantly more supportive of Prime Minister Netanyahu's government and its Gaza military campaign than non-MAGA Trump voters. Nearly half of MAGA voters back Israel and approve of its government's actions, compared to 29% of non-MAGA voters. Generational divides are also sharp, with younger Trump voters more likely to favor distancing from Israel. The findings have implications for U.S.-Israel relations and GOP coalition cohesion ahead of midterm elections.

Following the success of Artemis II, NASA has restructured its lunar program. The first crewed moon landing is now designated Artemis IV, planned for 2028, while Artemis III will test the SpaceX Starship and Blue Origin Blue Moon Human Landing Systems in Earth orbit. Uncrewed landing tests of these systems will be folded into the Commercial Lunar Payload Services program, which NASA aims to ramp up to a launch per month to build lunar infrastructure. Political pressure from President Trump to land before his term ends adds urgency, though schedule slips to 2029 are possible.

The White House is organizing a large-scale mass prayer event on the National Mall as part of US 250th anniversary celebrations, featuring top Trump administration officials including Defense Secretary Hegseth and Secretary of State Rubio. Critics say the event promotes Christian nationalism, while organizers frame it as reclaiming the nation's religious foundations.

The Senate parliamentarian ruled that a $1 billion provision for security upgrades to President Trump's proposed White House ballroom violates the Byrd Rule, preventing its inclusion in a budget reconciliation package. The ruling, announced by Sen. Jeff Merkley, states the project spans multiple committee jurisdictions and is extraneous to the budget process. The Trump administration sought the funds for security measures including bulletproof glass and drone detection. Senate Majority Leader John Thune's office indicated plans to redraft and resubmit the provision.

US Special Envoy for Syria Tom Barrack met with Syrian President Ahmad al-Sharaa in Damascus, describing Syria as a laboratory for a new regional alignment of diplomacy and integration. The discussions focused on regional developments and enhancing economic cooperation between the US and Syria. Barrack reiterated this characterization, emphasizing the potential for a new diplomatic alignment in the region.

Republicans who have advanced pro-crypto legislation, including the CLARITY Act, are frustrated that the Fairshake super PAC, which holds a $165 million war chest largely funded by Coinbase, has not yet announced its spending plans for the 2026 midterms. Republicans worry the PAC may not target key opponents such as former Senator Sherrod Brown or Representative Chris Pappas, despite their past criticism of crypto. The industry's hesitation may reflect a strategy to hedge against a potential Democratic takeover.

Cuba's Civil Defense has published a nine-page handbook instructing families on how to prepare for a potential military attack, including stocking a backpack with food and medicine and seeking shelter during air raids. The guide, released in late April amid heightened US-Cuba tensions and a severe economic crisis, has drawn public criticism due to widespread shortages of basic goods. The move underscores the Cuban government's efforts to mobilize the population for a possible conflict with the United States, as President Miguel Díaz-Canel has warned of resistance if attacked.

President Trump threatened to withdraw his endorsement of Rep. Lauren Boebert (R-CO) after she campaigned with Rep. Thomas Massie (R-KY) ahead of Massie's primary election. Trump called Massie the 'worst Republican congressman' and asked if anyone would challenge Boebert, though the filing deadline has passed and she is unopposed. Boebert defended her support for Massie, citing his work on releasing Epstein files. Massie faces a primary challenge from Trump-endorsed Ed Gallrein.