Wednesday, March 18, 2026

Breaking: Fed keeps rates steady as Iran war and rising oil prices add new pressure to the economy

Officials weighed the uncertain long-term economic impact of war with Iran and mixed signals about the U.S job market ahead of the rate decision. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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     Wed Mar 18 2026

 
Federal Reserve Chair Jerome Powell arrives at the U.S. Federal Reserve in Washington, U.S., January 13, 2026. REUTERS/Nathan Howard
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Mullin grilled in testy DHS confirmation

Also, Stratton prevails in Illinois Senate Democratic primary. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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On Politics

Wed Mar 18 2026

 

Kathryn Palmer Politics Reporter

@KathrynPlmr

Hello readers! Kathryn Palmer here. Welcome to Wednesday's On Politics. It's a loaded day of hearings at the Capitol today. Let's get into it.

Mullin grilled in testy DHS confirmation

Sen. Markwayne Mullin's Senate confirmation hearing today started out hot, as the outspoken Oklahoma Republican faced pointed questions about not only his policy stances but also his character and his history of making inflammatory comments. Mullin is President Donald Trump's pick to replace Kristi Noem, the former secretary of the Department of Homeland Security, whom he fired last week. In the fiery hearing, Mullin said he regretted calling Alex Pretti "a deranged individual that came in to cause max damage" soon after the nurse was killed by immigration agents in Minneapolis. He bit back at Sen. Rand Paul after his fellow GOP lawmaker called Mullin's rhetoric "very dangerous." Read the highlights from the hearing here.

Usa Congress Mullin

Senator Markwayne Mullin (R-OK), President Donald Trump's nominee to be Homeland Security secretary, swears in as he testifies before a Senate Homeland Security and Governmental Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., March 18, 2026.

Nathan Howard, REUTERS

A politics roundup:

The White House offers a concession on body cameras in a bid to end the DHS shutdown
See the Illinois primary election results in races for Senate, House and governor
What is happening in Cuba? Economic struggles and US tensions explained
Cesar Chavez accused of abusing Dolores Huerta and minors in new report

Gallery: Inside Sen. Markwayne Mullin's DHS confirmation hearing

Stratton wins and new faces emerge in Illinois primary

Democratic voters itching for a new direction during the 2026 primary season took advantage of a rare opportunity to significantly reshape the national party by backing a new generation of faces in yesterday's Illinois primary. In the closely watched Democratic primary to pick a replacement for retiring incumbent Sen. Dick Durbin, voters chose Lt. Gov. Juliana Stratton, nearly guaranteeing her November win in the solidly blue state. If victorious in the fall, she would become the sixth Black woman in history to serve in the Senate. Democratic Gov. JB Pritzker sailed to his own win (he was unopposed in the primary), while voters chose a bevy of new faces to fill the Republican and Democratic tickets for four open House seat races.

Iran regime 'intact' but 'degraded,' US intelligence chief says

Also happening on Capitol Hill today: Director of National Intelligence Tulsi Gabbard is testifying before the Senate Intelligence Committee, during an annual hearing about global threats to the United States. As the U.S.-Israel war with Iran enters its 19th day, Gabbard told senators that the "regime in Iran appears to be intact but largely degraded." Her comments come after Israel announced its forces killed a handful of the Islamic Republic's top military and intelligence leaders over the past few days. CIA Director John Ratcliffe is also answering questions at the hearing, though the spot usually held for the counterintelligence chief is empty, after Joe Kent, former head of the U.S. National Counterterrorism Center, resigned yesterday in protest of the ongoing war.

Thanks for reading! Scroll down for more stories. You can reach me at kapalmer@usatoday.com and on X @ KathrynPlmr.

President Donald Trump, next to Supreme Court Chief Justice John Roberts, arrives to deliver the State of the Union address to a joint session of Congress in the U.S. Capitol on Feb. 24, 2026.

Supreme Court Chief Justice John Roberts said the idea that he and other justices are on the court to carry out a president's agenda is "absurd."

Documents and a rubber ball sitting in front of Sen. Markwayne Mullin, President Donald Trump's nominee to be Homeland Security secretary, as he testifies before a Senate Homeland Security Committee hearing on March 18, 2026.
 

The curious case of Markwayne Mullin's trusty bouncy ball

The Oklahoma Republican has long had an affinity for a pink rubber bouncy ball. "I don't know why," he once told a tour group.

In this 2021 file photo, media members and workers from the Metropolitan Transportation Authority stand in a tunnel section during a tour of the site of the Second Avenue Subway tunnel expansion, a major infrastructure project in New York City.
 

Trump admin sued for ending 'Democrat projects,' subway expansion aid

The Second Avenue Subway expansion has been planned for a century. Federal officials abruptly withheld funds on what Trump called "Democrat projects."

Georgia Republican Congressional candidate Colton Moore campaigns during a special election in Georgia to fill a seat in its 14th congressional district, which was left vacant when Republican Representative Marjorie Taylor Greene resigned in January, in Rome, Georgia, U.S., March 10, 2026. REUTERS/Alyssa Pointer
 

What's in the SAVE Act and how would voters be impacted?

The contentious SAVE America Act would impact voting access for millions of Americans.

WASHINGTON, DC - MARCH 05: U.S. Sen. Markwayne Mullin (R-OK) speaks to reporters outside of the U.S. Capitol Building on March 05, 2026 in Washington, DC. President Donald Trump announced on Truth Social his intention to nominate Mullin to replace U.S. Secretary of Homeland Security Kristi Noem.
 

How Markwayne Mullin built his wealth while serving in Congress

Mullin sold a Stilwell property to the Cherokee Nation in 2024 for $1.5 million. The purchase price was nearly twice the assessed value.

 

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