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Bloomberg

Krugman Calls Labor Market Soft, Disturbed by Warsh's View

Nobel laureate Paul Krugman, a research professor at the City University of New York's Graduate Center, says all jobs data is "noisy" when reacting to the June US employment report. Speaking on "Bloomberg The Close," Krugman also says he is "disturbed" by Federal Reserve Chairman Kevin Warsh's point of view on monetary policy and warns that the Supreme Court's Trump v. Slaughter ruling gives too much discretionary power to President Donald Trump.

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Bloomberg

Supreme Court Limits Use of Race in Drawing Voting Districts

The US Supreme Court voted 6-3 along ideological lines to limit the use of the Voting Rights Act to create predominantly Black or Hispanic election districts. The justices rejected a Louisiana congressional map that was drawn with a second majority-Black district after a lower court found an earlier map to be discriminatory. Michael McKee reports on Bloomberg Television.

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