Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms

The billionaire Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections, US media reported on Tuesday, a significant infusion of cash for a party that has recently struggled with fundraising as it seeks to win control of Congress.

The reported donations came as Donald Trump announced on Tuesday he intended to spend a total of $400m to aid Republican candidates, with $300m already disbursed.

Scott Kirby says wealth inequality is a ‘danger to society’ and calls for inheritance tax in recent interview

Scott Kirby, the CEO of United Airlines, is under scrutiny from conservative politicians and commentators for saying wealth inequality is a “danger to society” and calling for a national wealth and inheritance tax in a recent interview.

Talking to the New York Times, Kirby was asked about the growing public distrust of CEOs and whether he felt any responsibility to quell that distrust.

GOP lawmakers threaten to pull support for president’s agenda after Russia diesel deal and sanctions pause

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A handful of Republicans have spoken out against Donald Trump’s softening stance on Russia, threatening to pull financial support for his agenda over his “embarrassing” handling of the Ukraine war.

Don Bacon, an outgoing congressman in Nebraska, condemned Trump’s actions – which include a stunning agreement to buy Russian diesel and the pausing of sanctions on Moscow – as “absolutely disgraceful” and accused the US president of cozying up to a “war criminal” in Vladimir Putin, his Russian counterpart.