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Graham’s Death Shakes Senate Power

Wall Street Journal Markets •
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The sudden death of Sen. Lindsey Graham over the weekend has shaken Washington. At a critical juncture for Senate Republicans, his loss compounds challenges in advancing President Trump’s agenda and confirming nominees just before the midterms.\n\nGraham had been a key power broker, meeting foreign leaders, pushing hawkish U.S. policy, and planning Sunday morning TV appearances. He arrived in Washington on his 71st birthday after a whirlwind of meetings in Europe and Ukraine, buoyed by a NATO summit in Turkey.\n\nHours after the summit, Graham was pronounced dead, reports Robbie Gramer, Vera Bergengruen, and Yoko Kubota.

The loss hits Senate Republicans hard at a time when they must push President Trump’s agenda and confirm key nominees before the midterms.\n\nMeanwhile, Wall Street warns tech firms amid a historic borrowing spree for AI infrastructure. The investment-grade corporate bond market struggles to absorb $75 billion of issuance from Nvidia, Space X, and Amazon.com, marking a shift from earlier enthusiasm for AI hyperscalers. This slowdown signals caution as investors grapple with AI‑driven debt levels.