Tim Ryan’s challenge to House Minority Leader Nancy Pelosi last year had no chance of seriously threatening her position because the bulk of the Democratic caucus is more liberal than him. But a new one from California’s Linda Sanchez taking aim at Pelosi, Minority Whip Steny Hoyer and Assistant Minority Leader James Clayburn could prove quite serious indeed. Sanchez is ...

Economists would almost universally agree that fiscal discipline is a good thing. No government should aspire to live beyond its means. If it does, the consequences can be severe: higher inflation, higher interest rates, low private investment and lower growth. India’s current government has justly been praised for its fiscal restraint. It’s reduced the overall fiscal deficit and reoriented spending ...

Bloomberg The euro extended gains and Spanish assets held their advance as the country’s government maintained a hard line on Catalonia’s independence bid. The dollar weakened as investors awaited minutes from the last Federal Reserve meeting. “Fed minutes could show a discussion on inflation, which the market is likely to take as dovish,” said Mark McCormick, North American head of ...