Texas Governor Greg Abbott has stopped truck inspection at the U.S.-Mexico border after the White House claimed that his unnecessary measures were fueling inflation by holding up an already beleaguered supply chain.
Under Abbot's order, for the past week, Texas security forces have been conducting safety checks on commercial vehicles driving into the state from across the border to prevent human trafficking and the flow of drugs.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.