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Texas Legislature to take another swing at redistricting vote as Democrats extend their walkout
Texas Republicans will again try to convene the state Legislature Monday for a vote on redrawing congressional maps in their party's favor, an effort that already sparked a national political brawl and prompted Democratic lawmakers to leave the state to deny Republicans the quorum they need. The Republican majority is seeking to redraw five U.S. House districts at President Donald Trump's urging as he tries to avoid a replay of the 2018 midterms. Those elections installed a new Democratic majority in the U.S. House that stymied the president's agenda and twice impeached him. Now, Democratic-controlled states including California, New York and Illinois are threatening to retaliate against Texas and Trump by proposing their own redistricting, putting the nation on the brink of a tit-for-tat overhaul of congressional boundaries that are typically redrawn only once a decade. Texas Gov. Greg Abbott said he'll call lawmakers back to the Statehouse again and again until enough Democrats show up to reach the 100-member threshold required to vote on the bill. Democratic leaders in other states are planning out their retaliatory redistricting plans if Abbott succeeds. 'Texas, knock it off. We'll knock it off. Let's get back to governing,' said New York Gov. Kathy Hochul on 'Fox News Sunday.' As for the Democratic lawmakers who bolted from Texas — some of whom have been appearing alongside the likes of California Gov. Gavin Newsom and Illinois Gov. JB Pritzker at news conferences — Texas Attorney General Ken Paxton is asking the state's Supreme Court to remove some of them from office or give them a 48-hour warning to return. 'If they show back up in the state of Texas, they will be arrested and taken to the Capitol," said Abbott on 'Fox News Sunday.' When pressed about blue states' threats to retaliate — such as Newsom's proposal to effectiveely cut five GOP-held seats in California — Abbott argued that many had already squeezed the juice out of their gerrymandering and would be hard-pressed to push it further. Democratic leaders say Abbott's plans are nothing more than a power grab. 'They know that they're going to lose in 2026 the Congress, and so they're trying to steal seats,' Pritzker said on NBC's 'Meet the Press.' Past attempts by Texas Democrats to halt votes by leaving the state were typically unsuccessful, and several of the blue states face more hurdles to redistricting than Texas does. California, for example, has an independent commission that runs redistricting after each decade's census. Changes require approval from both voters and state lawmakers, who have said they plan to call a special election in November to set the process in motion.
Yahoo
31 minutes ago
- Yahoo
Oil Declines as Trump-Putin Talks Raise Specter of More Supply
(Bloomberg) -- Oil fell after its biggest weekly drop since end-June before a meeting between the US and Russian leaders on Friday, which is raising the prospect of an end to the war in Ukraine and more supply. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Three Deaths Reported as NYC Legionnaires' Outbreak Spreads A New Stage for the Theater That Gave America Shakespeare in the Park Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms Brent traded near $66 a barrel, after sliding 4.4% last week, while West Texas Intermediate was above $63. President Donald Trump didn't reveal additional sanctions on Russia, or tariffs on buyers of its energy, as he announced the summit in Alaska, despite having declared an Aug. 8 deadline for the Kremlin to agree to a ceasefire. US and Russian officials are working toward an agreement that would lock in Moscow's occupation of territory seized during its military invasion, according to people familiar with the matter. The US is working to get buy-in from Ukraine and its European allies on the deal, which is far from certain, they said. Oil has lost more than 10% this year as OPEC+ brings back production faster than initially planned, bringing to an end curbs made in 2023, even as slowing economic growth threatens to cut consumption. A peace deal with Ukraine could see an end to sanctions on supply from Russia, potentially exacerbating a glut forecast for later in the year. 'Crafting an agreement is going to be extremely difficult,' said Robert Rennie, head of commodity and carbon research at Westpac Banking Corp. 'Assuming we can eventually resolve this situation, the path for Brent is down below $65 with risks we may see sub-$60' late in the fourth quarter, he said. Investors may get further insight into the supply-demand balance later this week, with the Organization of the Petroleum Exporting Countries set to release its monthly market analysis and the US Energy Information Administration its Short-Term Energy Outlook on Tuesday. The International Energy Agency is due to publish its monthly report on Wednesday. Meanwhile, Ukraine said it made a successful drone strike early Sunday on a major refinery in the Saratov region, the latest in a series of attacks this month on Russian oil facilities. The Game Starts at 8. The Robbery Starts at 8:01 The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing It's Only a Matter of Time Until Americans Pay for Trump's Tariffs Russia's Secret War and the Plot to Kill a German CEO ©2025 Bloomberg L.P.
Yahoo
36 minutes ago
- Yahoo
Trump Urges China to Quadruple US Soy Buying, Lifting Prices
(Bloomberg) -- US President Donald Trump said he hopes China will massively step up its purchases of American soybeans — comments that come a day before a trade truce expires. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Three Deaths Reported as NYC Legionnaires' Outbreak Spreads A New Stage for the Theater That Gave America Shakespeare in the Park Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms 'China is worried about its shortage of soybeans,' Trump wrote on the Truth Social website on Monday. 'I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China's Trade Deficit with the USA.' Trump also thanked Chinese leader Xi Jinping in the post, without saying why. The president's push is happening as US farmers are just weeks from their next harvest, boosting supplies available to sell. China is the world's top buyer of the oilseed and usually ranks as the biggest customer of American soy farmers, a trade valued at more than $12 billion in 2024. However, US government data as of late July show the Asian nation has refrained from booking any cargoes for the upcoming season that starts in September as tensions between the two sides linger. Chicago soybean futures jumped as much as 2.8% after Trump's post, the biggest intraday gain in four months. Corn and wheat also traded higher. Agriculture has been a key issue in the trade dispute between the two sides, with China turning to crops from South America and elsewhere to meet its needs. China agreed to increase buying of US agricultural goods like soybeans during the so-called phase one trade agreement reached during Trump's first term, although Beijing ultimately fell well short of the purchase targets in that pact. Trump's remarks spurred fresh optimism that bilateral trade between China and the US could soon revive, with assets like Chinese equities also rising. US soybeans have also gotten cheaper than Brazilian shipments as the influx of fresh supply nears. Beijing faces an Aug. 12 deadline before its tariff truce with the US expires, though the Trump administration has signaled that is likely to be extended. China has long fretted about its supplies of soybeans, which are a key element of the nation's diet and livestock feed. The country has stepped up purchases of soybeans from its top supplier Brazil in recent months, and is also testing trial cargoes of soybean meal from Argentina, to secure supplies of the animal feed ingredient. 'The move to buy Argentina soybean meal is just a temporary fix,' said Hanver Li, chief analyst with China-based commodity consultancy Shanghai JC Intelligence Co. 'If the China-US talks go well, it wouldn't be a long term trade pattern.' This is typically the time of year when China's purchases begin shifting to the Northern Hemisphere. Analysts surveyed by Bloomberg expect the US Department of Agriculture to boost its outlook for the domestic harvest in a report due Tuesday. Still, there is little sign that China is concerned about a soybean shortage, despite Trump's comments, said Vitor Pistoia, senior grains and oilseeds analyst at Rabobank. If trade relations don't improve, the nation would be able to source its annual supply entirely from South America if necessary, bypassing the US, he said. 'When you add what Brazil has, what Argentina has,' with what Uruguay and Paraguay have, 'all those guys have enough to supply China,' he said in an interview. While China and the US have been trying to work out a trade deal, other issues have been complicating their relationship. Last week, China defended its imports of Russian oil, pushing back against US threats of new tariffs after Washington slapped secondary levies on India for buying energy from Moscow. And on Sunday, a social media account affiliated with state-run China Central Television that regularly signals Beijing's thinking about trade slammed an Nvidia Corp. chip's supposed security vulnerabilities and inefficiency. In July, the Trump administration reversed course to allow Nvidia to sell the H20 AI accelerator to China. (Updates with soybean futures, comments and more context) The Game Starts at 8. The Robbery Starts at 8:01 The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing It's Only a Matter of Time Until Americans Pay for Trump's Tariffs Russia's Secret War and the Plot to Kill a German CEO ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
