“The Argentine peso has fallen below the level it reached before the US Treasury began purchases earlier this month, in a sign that the Trump administration’s financial support is failing to halt the currency’s slide ahead of a crucial election for libertarian president Javier Milei,” the Financial Times reports.
Lower-Income Americans Are Missing Car Payments
“More Americans are struggling to make their monthly car-loan payments, a sign that lower-income consumers are under growing financial pressure,” the New York Times reports.
“The share of subprime auto loans that were 60 days or more past due reached a high of nearly 6.5 percent in January and has lingered near that level, according to Fitch Ratings. Repossessions have swelled, more drivers are trading in vehicles that are worth less than they owe and lenders such as CarMax and Ally Financial have warned investors about auto loan performance.”
Trump Signs Rare Earths Deal with Australia
President Trump and Australian Prime Minister Anthony Albanese “signed a deal supplying the United States with minerals and rare earths from Australia, part of the Trump administration’s effort to seek alternatives to China for those materials,” the Washington Post reports.
GOP Lawmaker Says Campaign ‘Mistakenly’ Paid Her Son
Rep. Mariannette Miller-Meeks (R-IA) paid her son $3,500 from her campaign account for “consulting,” Iowa Starting Line reports.
Twenty-two days later, her son, Jonathon Miller-Meeks, made a campaign contribution of the same amount to Miller-Meeks’ campaign.
A spokesman for the campaign called the transfer a mistake.
Republican Lawmaker Set to Force Vote on Stock Trading
Rep. Chip Roy (R-TX) said he and fellow Republicans are ready to push GOP leaders to put their bipartisan stock trading ban bill on the floor whenever the House returns — or possibly use a discharge petition to do an end-run around Speaker Mike Johnson (R-LA), Politico reports.
Mike Johnson Defends Trump’s Video
Speaker Mike Johnson (R-LA) gamely defended President Trump’s social media post showing him dropping human excrement on liberal protesters in comments to reporters, calling it “satire,” Politico reports.
Said Johnson: “The president uses social media to make the point. You can argue he’s probably the most effective person who’s ever used social media for that. He is using satire to make a point.”
Marjorie Taylor Greene Issues Harshest Warning Yet
Rep. Marjorie Taylor Greene (R-GA) “says that if her party can’t keep its promise to bring down the cost of living, it will pay the price in next year’s midterm elections,” Semafor reports.
Said Greene: “I can’t see into the future, but I see Republicans losing the House if Americans are continuing to go paycheck-to-paycheck. They’ll definitely be going into the midterms looking through the lens of their bank account.”
Justices to Decide If Drug Addicts Can Have Guns
The Supreme Court agreed to decide if “habitual drug users” lose their gun rights under the 2nd Amendment, the Los Angeles Times reports.
The Trump administration is defending a federal gun control law dating to 1968 and challenging the rulings of two conservative appeals court that struck down the ban on gun possession by any “unlawful user” of illegal drugs, including marijuana.
Politico: Supreme Court will review gun law that was used to convict Hunter Biden.
Flashback Quote of the Day
“For as in absolute governments the King is Law, so in free countries the law ought to be King; and there ought to be no other.”
— Thomas Paine, writing in Common Sense in 1776.
Billionaire Calls on Curtis Sliwa to Drop Out
Billionaire John Catsimatidis — who is Curtis Sliwa’s boss at WABC Radio — called on Sliwa to drop his New York City mayoral bid in an effort to help consolidate the anti-Zohran Mamdani vote behind former Gov. Andrew Cuomo.
Lawmakers Bemoan Trump’s Latest Power Grab
“Members of Congress say they’re happy military troops are getting paid during the shutdown, but not necessarily that President Donald Trump is claiming vast power over the federal spending process to do it,” Politico reports.
The ‘Anti-Woke’ Tax That All Americans Are Paying
Adam Serwer: “Toward the end of the Biden administration, conservatives, fed up with the supposed imposition of liberal ideas by ‘woke capital,’ tried to create what The Economist described as a ‘parallel economy’ in which one could buy ‘anti-woke’ versions of goods such as beer and razors. Those products might come at a premium, but if that was the price of your beliefs, you were free to pay it.”
“Now, in Donald Trump’s second administration, that parallel economy is just the economy. Trumpist culture wars have made almost everything more expensive, effectively forcing all Americans to pay an anti-woke tax. Although conservatives usually use woke to describe some form of egalitarianism they oppose, it’s proved such an effective epithet that they’re now applying the label to anything they need their constituents to dislike.”
Zelensky Slams Budapest as Summit Venue
“President Volodymyr Zelensky said Budapest wasn’t the best place for talks to end the war in Ukraine because of Hungarian Prime Minister Viktor Orban’s Russia-friendly stance, but he’d still come if invited,” Bloomberg reports.
Said Zelensky: “I do not believe that a prime minister who blocks Ukraine everywhere can do anything positive for Ukrainians or even provide a balanced contribution.”
He added: “If it’s an invitation in a format where the three of us meet, or, as it’s called, shuttle diplomacy, where President Trump meets with Putin and President Trump meets with me – then, in one format or another, we’ll agree to it.”
What Trump Doesn’t Get About the Insurrection Act
Join now to continue reading.
Members get exclusive analysis, bonus features and no advertising. Learn more.
Anti-Tax Groups Harden the GOP’s Tough Shutdown Stance
“Influential conservative groups with deep pockets are pushing Republicans to demand steep concessions from Democrats in exchange for extending health care subsidies, a move that risks prolonging a US government shutdown now in its 20th day,” Bloomberg reports.
“Activists on the right, including the billionaire Koch family’s political arm, are running ads and holding meetings to pressure Republicans to stave off Democrats’ demands. If they must negotiate, these groups argue, Republicans should at least leverage any health care talks to score political wins on abortion and other priorities resisted by Democrats.”
Quote of the Day
“Don’t forget I can use the Insurrection Act… And that’s unquestioned power.”
— Donald Trump, in a Fox News interview.
‘My Last Day as an Accomplice of the Republican Party’
The Bulwark runs a fascinating essay about life as a GOP operative in the Trump era and the compromises you have to make.
This one decided he had enough.
Four Ways Trump Acts Like a King
Join now to continue reading.
Members get exclusive analysis, bonus features and no advertising. Learn more.
- 1
- 2
- 3
- …
- 8226
- Next Page »