What’s behind the surge in electric bills in Texas?

An unregulated energy market in Texas led to sky-high electric bills for residents amid a major winter storm induced crisis. Stephanie Ruhle breaks down what happened.

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  • Trump inadvertently boosts Biden's stimulus messaging with another statement raging against McConnell

    Former President Donald Trump has released a new post-presidency statement, and Democrats might just be glad he did. The former president, who remains permanently banned from Twitter, released a statement Thursday once again raging against Senate Minority Leader Mitch McConnell (R-Ky.), blasting him as the "most unpopular politician in the country" while blaming him for Republicans' Senate losses in Georgia — losses for which Trump himself has been blamed by other Republicans. One of the reasons Republicans lost the two Georgia Senate runoffs in January, Trump argues, was "Mitch McConnell's refusal to go above $600 per person on the stimulus check payments when the two Democrat opponents were touting $2,000 per person in ad after ad." The statement offered "quite the pre-stimulus political gift to Democrats," wrote National Journal's Josh Kraushaar, while The Washington Post's Dave Weigel noted that Trump "remarkably" used this opportunity to "validate Biden's messaging on the $1,400 checks instead of whacking him and Democrats for curtailing them." Remarkably, Trump also uses this statement to validate Biden's messaging on the $1400 checks instead of whacking him and Democrats for curtailing them. "The $2000 will be approved anyway by the Democrats." https://t.co/M9dXoX13VS — Dave Weigel (@daveweigel) March 4, 2021 Indeed, Trump writes that "the $2,000 will be approved anyway by the Democrats," while offering no comment on the fact that the new checks are actually for $1,400, nor on Biden's recent compromise that narrows the eligibility. Politico's Gabby Orr observed that Trump "could have put out a statement saying the income phase-outs in the Biden stimulus bill are going to mean he gave checks to more Americans," but "instead he's still targeting his own party with stuff like this." This was just Trump's latest statement in this vein after he released another one last month describing McConnell as an "unsmiling political hack." He also mentioned McConnell in a recent Conservative Political Action Conference speech, in which he took credit for McConnell's recent re-election. McConnell told Fox News he "didn't watch" the speech and that "we're dealing with the present and the future, not looking back to the past." More stories from theweek.comThe Republican grievance perpetual motion machine7 scathingly funny cartoons about Trump's CPAC appearanceWhy the Dr. Seuss 'cancellation' is chilling

  • Trump considering ditching Pence for 2024 run and picking someone Black or female as running mate, report says

    South Dakota governor Kristi Noem and South Carolina senator Tim Scott rumoured for position

  • Trump served with lawsuit accusing him of breaking ‘Ku Klux Klan’ laws on day of Capitol riot

    NAACP accuses Trump of disenfranchising Black voters and trying to ‘destroy democracy’

  • It is hard to overstate just how unusual Prince Harry and Meghan Markle's media war with Buckingham Palace is

    A series of extraordinary confrontations have seen the Queen's household accused of a smear capaign and Markle accused of bullying.

  • EU to extend COVID-19 vaccine export controls as AstraZeneca shipment blocked: sources

    The European Union is planning to extend its export authorisation scheme for COVID-19 vaccines to the end of June, two EU sources told Reuters on Thursday, as a shipment of AstraZeneca shots from the EU to Australia was blocked. Extending controls could reignite tensions with countries who rely on shots made in the EU. Under the scheme, companies must get an authorisation before exporting COVID-19 shots, and may have export requests denied if they do not respect their supply commitments with the EU.

  • Lauren Boebert criticised for calling Equality Act ‘supremacy of gays’

    Bill to prevent discrimination against LGBT+ people passed House last week

  • Scottish leader fights back in row with ex-mentor that threatens independence drive

    Scottish leader Nicola Sturgeon on Wednesday defended her handling of sexual harassment complaints against her predecessor Alex Salmond in high-stakes testimony on an issue that threatens to scupper her dream of leading Scotland to independence. Describing the feud with Salmond as "one of the most invidious political and personal situations" she had ever faced, Sturgeon denied Salmond's accusations that she had plotted against him and misled the Scottish parliament. The feud between the pair, once close friends and powerful allies in the cause of Scottish independence, has reached fever pitch in recent weeks, threatening the electoral prospects of the Scottish National Party (SNP) at a crucial time.

  • Photos show North Korea may be trying to extract plutonium

    North Korea may be trying to extract plutonium to make more nuclear weapons at its main atomic complex, recent satellite photos indicated, weeks after leader Kim Jong Un vowed to expand his nuclear arsenal. The 38 North website, which specializes in North Korea studies, cited the imagery as indicating that a coal-fired steam plant at the North’s Yongbyon nuclear complex is in operation after about a two-year hiatus. This suggests “preparations for spent fuel reprocessing could be underway to extract plutonium needed for North Korea’s nuclear weapon,” the website said Wednesday.

  • Nasdaq ends sharply lower after Powell comments

    Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields. A decline of 10% from its February record high would confirm the Nasdaq is in a correction. The benchmark 10-year Treasury yield spiked to 1.533% after Powell's comments, which did not point to changes in the Fed's asset purchases to tackle the recent jump in yields.

  • Tesla will be the most profitable player in electric vehicles for years to come, UBS analysts say

    Tesla's operating profit will be $20 billion in 2025, the analysts estimate, but only half will come from sales of its electric vehicles.

  • Buckingham Palace is investigating allegations that Meghan Markle bullied royal staff members

    Buckingham Palace is investigating claims that the duchess bullied royal staff ahead of Prince Harry and Meghan Markle's interview with Oprah.

  • ‘Always up for a fight’: Mike Pompeo refuses to rule out presidential run on Hannity

    ‘I’m always up for a good fight,’ says Trump ally

  • A lawyer for an accused Oath Keeper Capitol rioter says the group's 'quick reaction force' of weapon suppliers was actually just one guy

    The Oath Keepers were one of the most prominent far-right militia groups the FBI said was involved in the January 6 Capitol riot.

  • 'Star Wars' actress Kelly Marie Tran left social media after racist and sexist trolls drove her to therapy

    "If someone doesn't understand me or my experience, it shouldn't be my place to have to internalize their misogyny or racism," Tran said.

  • Alexandria Ocasio-Cortez blasts Democrats' last-minute compromise on stimulus checks as an 'own-goal'

    Other progressives criticized "Senate silliness." Biden struck a deal with Senate Democrats pushing to lower income thresholds for direct payments.

  • Texas governor blames Covid spread on undocumented immigrants, while criticising Biden’s ‘Neanderthal’ comment

    Greg Abbott accuses federal government of ‘recklessly releasing hundreds of illegal immigrants who have Covid into Texas communities’

  • Myanmar's Christian refugees hold anti-coup protest in India

    About 300 refugees from a Christian minority community from Myanmar held a demonstration in India's capital on Wednesday against last month’s military takeover in their country and demanded the immediate release of Aung San Suu Kyi and other Myanmar leaders. The demonstration was held at Jantar Mantar, an area of New Delhi close to Parliament that is often used for protests.

  • Israel accuses Iran of link to oil spill off its shores

    Israel accused Iran on Wednesday of being linked to a recent oil spill off its shores that caused major ecological damage, calling the incident environmental terrorism. The spill was caused by an oil tanker that was carrying pirated cargo from Iran to Syria last month, Israeli Environmental Protection Minister Gila Gamliel said. The vessel sailed through the Gulf and the Red Sea without radio contact, switching its tracking devices back on before passing through Egypt's Suez Canal, Gamliel told reporters.

  • How police are warding off threats from QAnon and militias threatening violence on 4 March

    Analysis: US Capitol Police trying a measure of transparency for a change

  • How old the stars of 'High School Musical' were compared to their characters' ages

    Monique Coleman was 25 when she played high school student Taylor McKessie in the hit movie.