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20 days before midterms, President Biden this afternoon is scheduled to announce the release of more oil from the Strategic Petroleum Reserve in an effort to bring down gas prices. Why it matters: The move comes at the close of a campaign season in which high gas prices (national average: $3.85) — while far lower than their June peak — put Dems in political jeopardy. The intrigue: An analysis this week by ClearView Energy Partners, an independent energy research firm in Washington, found that two states that could decide control of the Senate — Pennsylvania and Nevada — are especially sensitive to energy prices, AP reports. Over the past month, gas prices rose above the national average in 18 states that are home to 29 potentially "at risk" House s

"In fact, gas prices have fallen 15 out of the last 18 weeks."

America is on the verge of the first truly parallel universe presidential campaign — where the parties speak to distinct groups of voters, in distinct media ecosystems, pushing distinct realities. Why it matters: The days of appearing on the same media channels or even the same debate stage seem over. Forget traditional debates. Equal time on conventional TV. Or mainstream reporters pushing candidates from both parties. Instead, narrowcasting playbooks that have been road-tested in this year's midterms will be deployed at scale. The result: The right talking to the right ... Left talking to the left ... And the new silent majority — people who don't marinate in tweets or cable news — left out like never before. Debates are a key casualty. As we told you yesterday, they've dwindled in this year's congressional races. Ahead of 2024, the RNC formally cut ties with the Commission on Presidential Debates after 35 years.

Change has come," Madison Harper, a senior at Leflore County (Miss.) High School, told a racially diverse audience at the statue's dedication.

View in browser | nytimes.com BREAKING NEWS Steve Bannon was sentenced to four months in prison for defying a subpoena from the House panel investigating the Jan. 6 riot. Friday, October 21, 2022 11:11 AM ET Mr. Bannon was found guilty of two counts of contempt of Congress. He will remain free pending his appeal.

View in browser | nytimes.com BREAKING NEWS Donald Trump was subpoenaed by the House committee investigating the Jan. 6 Capitol attack, paving the way for a potentially historic court fight. Friday, October 21, 2022 1:44 PM ET The subpoena drastically escalated the stakes of what was already the most consequential congressional investigation in decades.

Britain's prime minister, Liz Truss, said she would resign after her tax plan created economic turmoil. She took office only six weeks ago. Her departure, a rapid fall from power, throws her Conservative Party into further disarray, following the messy departure of Boris Johnson from Downing Street over the summer.

A new U.K. prime minister is expected to be chosen by next Friday after Liz Truss resigned 45 days into the job, Axios Sneak Peek editor Zachary Basu reports.


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