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U.S. warns Americans to remain away from Kabul airport

The Taliban sealed off large portions of the area around Kabul's airport on Saturday as the threat of more Islamic State attacks remained ahead of the impending withdrawal, AP reports.

Driving the news: The U.S. Embassy had warned American citizens late Friday that due to continued security threats, they should "avoid traveling to the airport and to avoid airport gates."


  • "U.S. citizens who are at the Abbey gate, East gate, North gate or the New Ministry of Interior gate now should leave immediately," the notice warned.

The big picture: The U.S. carried out a retaliatory drone strike on Saturday local time in response to Thursday's Kabul airport attack.

  • "The unmanned airstrike occurred in the Nangahar province of Afghanistan," Capt. Bill Urban, spokesman for the U.S. Central Command, said in a statement. "Initial indications are that we killed the target. We know of no civilian casualties."

Of note: The United Kingdom’s final flight for civilians also departed Saturday as the wind-down continued ahead of the Aug. 31 deadline.

  • "It’s time to close this phase of the operation now," UK Ambassador Laurie Bristow said in a video message, “but we haven’t forgotten the people who still need to leave and will continue to do everything we can to help them.”

Go deeper: The Afghan refugee crisis is about to get much worse

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McConnell says Senate will vote on new small business relief funding before election

Senate Majority Leader Mitch McConnell (R-Ky.) issued a statement on Tuesday saying that the Senate's "first order of business" when it returns on Oct. 19 will be to vote on "targeted relief for American workers," including new funding for the small business Paycheck Protection Program (PPP).

Why it matters: House Democrats, Senate Republicans and the Trump administration are still very far apart on key elements of a relief deal, and any push for smaller, more targeted legislation is more of a political maneuver than any thing else.

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How central banks can save the world

The trillion-dollar gap between actual GDP and potential GDP is a gap made up of misery, unemployment, and unfulfilled promise. It's also a gap that can be eradicated — if central banks embrace unconventional monetary policy.

  • That's the message from Eric Lonergan and Megan Greene, two economists who reject the idea that central banks have hit a "lower bound" on interest rates. In fact, they reject the idea that "interest rates" are a singular thing at all, and they fullthroatedly reject the idea — most recently put forward by New York Fed president Bill Dudley — that the Fed is "out of firepower."

Why it matters: If Lonergan and Greene are right, then central banks have effectively unlimited ammunition in their fight to increase inflation and employment. They are limited only by political will.

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Government officials await Trump's next firing

Via Twitter

President Trump was enraged by a Wall Street Journal scoop that Attorney General Bill Barr worked "for months" during the campaign to conceal the federal investigation of Hunter Biden.

The state of play: The president is re-exploring options for replacing Barr, and Saturday morning tweeted this rebuke: "Why didn’t Bill Barr reveal the truth to the public, before the Election, about Hunter Biden[?]"

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