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We met our promise and offered an antidote to this madness. Now, we are focusing our minds and manpower on a much bigger problem faced by all consumers: the erosion of truth, trust, safety and sanity in news. This is an existential threat to our democracy. It will require extraordinary effort by us and others to correct
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- Sara Fischer, author of Axios Media Trends
What happens after the Hollywood writers strike ends
Illustration: Sarah Grillo/Axios
Now that a tentative agreement has been reached between Hollywood writers and studios, all eyes are on the ongoing actors strike that's entering its third month.
Why it matters: While late-night and daytime talk shows are expected to make a quick comeback, scripted shows that require actors could take longer to return.
- Matt Phillips, author of Axios Markets
Government shutdown could hurt U.S. credit rating, Moody’s warns
House Speaker Kevin McCarthy. Photo: Al Drago/Bloomberg via Getty Images
Credit rating firm Moody's warned that a shutdown of the U.S. federal government would be "credit negative" for the U.S.
Why it matters: Moody's is the last of the big three credit rating firms that still bestows the cherished "triple-A" rating on the U.S., which indicates U.S. government bonds are among the safest investments on earth.
- Neil Irwin, author of Axios Macro
Why rising long-term rates could ripple across the economy
The central story in financial markets over the last couple of months has been a surge in longer-term interest rates, fueled by a growing consensus that elevated borrowing costs — at least compared to the 2010s — are here to stay.
Why it matters: The latest move higher in long-term rates is already hammering stock prices. Over time, it is likely to create new cracks in the economy as well.
What to know about a potential government shutdown
Illustration: Sarah Grillo/Axios
Key programs will grind to a halt and the federal workforce won't get paid on time if lawmakers don't reach an agreement by Sept. 30 to avert a government shutdown.
Why it matters: Non-essential federal functions will be suspended if a divided House does not pass 12 appropriation bills before the end of the month— a prospect that looks increasingly unlikely.
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