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The NCAA has announced that all winter and spring championships for this academic year have been canceled, which includes the men's and women's basketball tournaments, which were slated to begin next week. The announcement also impacts other major tournaments such as the Frozen Four and the College World Series.The move was made as coronavirus cases spread nationally. The announcement also comes as MLB, MLS, NHL and NBA all have decided to postpone contests indefinitely. The NCAA released the following statement:"Today, NCAA President Mark Emmert and the Board of Governors canceled the Division I men’s and women’s 2020 basketball tournaments, as well as all remaining winter and spring NCAA championships. This decision is based on the evolving COVID-19 public health threat, our ability to ensure the events do not contribute to spread of the pandemic, and the impracticality of hosting such events at any time during this academic year given ongoing decisions by other entities." 1001

The Federal Reserve is poised to cut interest rates on Wednesday for the first time since the 2008 financial crisis to extend the longest economic expansion in US history.The move would come despite a strong US economy. But some cracks are beginning to show: The global economy is softening, American manufacturing is slowing, and the global trade war isn't helping matters.But a potential rate cut would also follow months of pressure from President Donald Trump, who has broken with his predecessors' practice of walling off the central bank from politics.Jerome Powell, the chairman of the world's most influential central bank, has repeatedly pledged to follow economic data, and policymakers have become increasingly worried that uncertainty, caused in part by the President's trade wars with China and other countries, will hamper global growth and dampen investment."We are carefully monitoring these developments and assessing their implications for the US economic outlook and inflation, and will act as appropriate to sustain the expansion," Powell reiterated in remarks delivered at a French government conference in Paris on July 16.Even before the central bank signaled the possibility last month, investors had already priced in a reduction in the federal funds rate, which influences the cost of mortgages, credits cards and other borrowing. Those expectations piled on additional pressure on the Fed to move at this week's meeting to avoid rattling markets with an abrupt change in course.The Fed chairman has brushed off such pressures -- political or otherwise -- arguing the Fed is "insulated" from such demands as an independent institution outside of the control of the White House and whose decisions are informed by incoming economic data.The Fed last raised rates in December but has backed off plans for further tightening.In June, Powell began to make the case that the Fed, like other central banks, around the world needed to act earlier to get ahead of any economic weakness especially given how low interest rates currently are -- a reversal from his previous stance."If you see weakness, it's better to come in earlier rather than later," Powell said at an appearance before the Council on Foreign Relations in New York. "I think most central banks would want to act preemptively and let a downturn gather steam, in a sense, the thought being an ounce of prevention is worth a pound of cure."That message has been echoed by other top officials, including Federal Reserve Bank President William Dudley.Efforts by the Fed to prevent an economic downturn is unlikely to win a reprieve from the White House. A day before policymakers were set to gather for their two-day interest-setting meeting in Washington this week, Trump chastised the Fed for making "all the wrong moves," adding, "a small rate cut is not enough."Trump has kept up a year-long relentless attacks against the Fed, often lamenting he regrets appointing Powell for the role, and going so far as to threaten to fire him. He's called the central bank his "biggest threat" and accused them of behaving like a "stubborn child" for refusing to cut rates and keeping credit too tight.It will be up to Powell during his now-routine press conference to justify the decision to plow ahead with a rate cut given some prevailing strength in the economy. Since their last meeting in June, the data has consistently surprised to the upside with stronger-than-expected job gains, retail sales and economic growth in the second quarter.Wall Street analysts also suggest Friday's upcoming jobs numbers will also be an important economic milestone that will determine whether a further rate hike may be coming as early as September as some anticipate."Expect an overall strong report, eroding the case for further cuts, but given the strong easing bias of Fed leaders, much depends on exactly how strong the report is and how they adjust their messaging in response," Josh Wright, iCIMS' chief economist and former Fed staffer said. "'One and done' still seems like an economically justifiable outcome." 4095

The House will vote Tuesday on a resolution allowing the House Judiciary Committee -- and other House panels in the future -- to enforce its subpoenas in the courts, though House Democrats aren't yet holding those who have defied subpoenas in contempt of Congress.The vote comes a day after House Judiciary Chairman Jerry Nadler announced he had struck a deal with the Justice Department to provide some documents from the Mueller report to the Judiciary Committee.The resolution includes language authorizing the Judiciary panel to go to court to force Attorney General William Barr and former White House counsel Don McGahn to comply with their subpoenas, but Monday's agreement means that Nadler won't take any court action against Barr -- at least for now.And the House is not moving forward with a criminal contempt citation against either Barr or McGahn, as the resolution is only focused on civil court action to enforce House subpoenas.In addition to the subpoenas for Barr and McGahn, the resolution also authorizes the House to sue to obtain grand jury information from the Mueller report, which requires a court order to release. It also includes language empowering committees to go to court to enforce subpoenas in the future while bypassing a floor vote, a potential prelude to more litigation pitting the Trump administration against House Democrats.Already, the House is fighting a number of lawsuits against the Trump administration as well as the Trump Organization, including related to the Affordable Care Act, Trump's border wall and subpoenas to banks and accounting firms.House Democratic aides expect that the House will move swiftly to go to court to try to force McGahn to testify after he skipped an appearance under subpoena last month."It is true that fact witnesses have been ordered by the White House not to appear before this committee, but we'll get them," Nadler said Monday.While Nadler said Monday he would not take court action against Barr so long as the Justice Department acted in "good faith," he also did not rule out doing so in the future if the Justice Department stopped cooperating."I am pleased that we have reached an agreement to review at least some of the evidence underlying the Mueller report -- including interview notes, first-hand accounts of misconduct, and other critical evidence -- and that this material will be made available without delay to members on both sides of the aisle," Nadler said. "As a result, I see no need to resort to the criminal contempt statute to enforce our April 19 subpoena, at least for now, so long as the Department upholds its end of the bargain."But even before Nadler had struck the agreement with the Justice Department, the House had not planned to pursue criminal contempt of Congress on the House floor, as the resolution introduced last week only referenced the court action, which is known colloquially as "civil contempt."After Nadler agreed last month to narrow the scope of his subpoena -- which initially asked for the unredacted Mueller report and all of the special counsel's evidence -- the Justice Department had said it could negotiate with the panel so long as contempt did not move forward.A Justice Department official said the department views Tuesday's vote as only dealing with court action, and not related to contempt.But more contempt fights -- and likely lawsuits -- are looming. House Oversight Chairman Elijah Cummings announced Monday evening that his committee would vote Wednesday to hold Barr and Commerce Secretary Wilbur Ross in contempt of Congress over that panel's subpoenas in its investigation into adding a citizenship question on the 2020 Census. 3691

The climate crisis may be to blame for the mysterious spread of a multidrug-resistant superbug, Candida auris, according to a study published Tuesday.Until recently, scientists considered it a mystery how C. auris popped up in more than 249

The National Rifle Association is suing after the San Francisco Board of Supervisors labeled it a "domestic terrorist organization," according to the complaint.Last week, the board 193

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