P.M. Edition for Feb. 13. Annual inflation slowed to 2.4% in January, more than economists expected. WSJ chief economics commentator Greg Ip discusses how this is affecting consumers, and what it means for the Federal Reserve. Plus, it’s rare to get a granular look at a billionaire’s finances. Journal economics reporter Rachel Ensign tells us what she learned about Leon Black’s financial life from documents in the Jeffrey Epstein files. And, barring an unlikely last-minute deal, the Department of Homeland Security is expected to shut down overnight. If it lasts, it might mean longer security lines at airports. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.