Morning Briefing · Monday, October 12, 2026
5 stories, five minutes, and what each one means for you.
The big story
Russian Diesel Deal Draws Fire From Both Parties
Lawmakers in both parties criticized President Donald Trump's deal to let Russian diesel into U.S. and global markets, and some Republicans joined the opposition. The split turns on how best to lower fuel costs without easing pressure on Moscow.
What it means for you
- Diesel prices weigh on farmers, truckers and businesses that move goods, according to Fox News. The reports did not say how much the Russian diesel deal would lower prices.
- Trump said more Russian diesel is coming: 500,000 tons during November and 1 million tons after that. Watch November for whether the shipments arrive and prices move.
Politics
Barrasso Expects Investigation of Ambassador Guilfoyle Over Ethics Allegations
Sen. John Barrasso (R-WY) said on Oct. 11 he expects an investigation of U.S. Ambassador to Greece Kimberly Guilfoyle over ethics allegations. He said he cannot confirm that one is under way.
What it means: No investigation of Guilfoyle has been confirmed. Barrasso said he expects the State Department and the Senate Foreign Relations Committee to look into the allegations.
Your paycheck
Trump Announces Energy Ceasefire Between Russia and Ukraine
President Donald Trump announced on Sunday, Oct. 11, that Russia and Ukraine have agreed to an immediate energy ceasefire. Ukraine's president said the announcement "was news for me," and Fox News reported it was not clear how the pause would be enforced.
What it means: Diesel prices weigh on farmers, truckers and businesses that move goods, according to Fox News. The reports did not say whether this ceasefire will lower prices.
Some Washington Democrats Discuss Widening Millionaires Tax Before Vote
Several Washington Democrats have talked about eventually broadening the state's new 9.9% tax on income above $1 million, according to The Seattle Times. Voters decide on Nov. 3 whether to repeal the tax through Initiative 645.
What it means: Washington voters decide Initiative 645, which would repeal the millionaires tax, on Nov. 3.
Washington State
Federal judge halts Trump administration's taxpayer-funded ads
A federal judge in Manhattan ordered the Trump administration on Sunday, Oct. 11, to stop airing government-funded ads featuring the president, including any slots still reserved for that evening. The ads cost nearly $20 million and ran in the final weeks before the Nov. 3 midterm elections.
What it means: The order bars further federal payments for these ads and runs two weeks from the evening of Oct. 11.
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