“The party of El Salvador President Nayib Bukele approved constitutional changes in the country’s National Assembly on Thursday that will allow indefinite presidential reelection and extend presidential terms to six years,” the AP reports.
Trump Amasses $200 Million War Chest
“President Trump’s super PAC is sitting on about $200 million that it can spend against his rivals, giving a term-limited president a never-before-seen amount of power in his party’s finances and future,” the New York Times reports.
“There is no precedent for politicians so aggressively raising money for their own entities when they do not have a campaign to use it for.”
Trump Says New Tariffs Are Going ‘Very Smooth’
President Trump touted the expansive new tariffs on imports he imposed on global trading partners Thursday night, telling NBC News that it all was going “very well, very smooth.”
He also said that it was “too late” for other countries to avoid tariff rates set to snap in place next week.
But, he added, his door will always be open to compelling offers: “It doesn’t mean that somebody doesn’t come along in four weeks and say we can make some kind of a deal.”
Trump’s Vow to Be ‘President of Peace’ Falls Short
“Since returning to the White House, President Trump has branded himself as the ‘president of peace,’ boasting that he has averted half a dozen wars and repeatedly saying he deserves the Nobel Peace Prize,” the Wall Street Journal reports.
“Yet six months into his term, his record is decidedly mixed, with scant headway in ending two of the world’s most intractable wars, Ukraine and Gaza.”
It’s Hard to Turn the Page on 2024
Washington Post: “Democrats are eager to turn the page on their 2024 losses — but their central figures from the last election keep stepping back into the spotlight, complicating their efforts to forge a new identity.”
“Many in the party are wary of elevating the people who led them to defeat in 2024 and exasperated to see the drama of that election repeatedly relitigated when they want to keep the focus on pushing back against Trump’s second-term agenda and identifying new leaders.”
U.S. to Raise Tariffs on Scores of Nations
“The U.S. will raise tariffs on scores of nations, effective at 12:01 a.m. on Aug. 7, according to an executive order signed by President Trump on Thursday,” the Wall Street Journal reports.
New York Times: “The rates appear to range as high as 50 percent on some imports to the United States, as Mr. Trump looks to punish nations that either could not or would not offer favorable trade concessions to Washington.”
Musk Continues to Spend Millions on GOP Candidates
“Elon Musk continued to bankroll Republican candidates after his public fallout with President Donald Trump, donating millions of dollars to campaign groups gearing up for next year’s midterm elections,” the Financial Times reports.
“Half-year records published on Thursday show the Tesla chief executive was the single largest donor to committees supporting Republicans in congressional races, even as his tenure in government came to an ignominious end and his businesses suffered severe “blowback” from his association with the Trump administration.”
Top Biden Aide Promised $8 Million for 2024 Win
“Former President Biden’s top political aide Mike Donilon told congressional investigators Thursday that he was paid $4 million for his work on Biden’s 2024 re-election campaign and would have made an additional $4 million if Biden had won,” Axios reports.
“Donilon’s testimony shows he had a financial incentive for Biden to run for re-election even as the majority of voters expressed doubts about the president’s ability to do the job another four years.”
Democrats’ Age Headache Becoming a Migraine
“A nationwide effort to unseat some of House Democrats’ oldest members is surging as lawmakers settle in for their five-week August recess — and it is poised to accelerate even further,” Axios reports.
“The 2026 election cycle could see dozens of competitive Democratic primary battles, which some members groan will draw money away from their party’s efforts to retake control of Congress.”
Trump Raises Tariffs on Canada to 35%
“President Donald Trump said the US will put a 35% tariff on some imports from Canada after trade negotiations between the two countries broke down,” Bloomberg reports.
“The new rate represents an increase from the 25% tariffs Trump imposed in early March under an emergency law.”
“But the US administration kept in place an exemption for goods traded under the rules of the US-Mexico-Canada trade agreement. US automakers and other companies with integrated North American supply chains had pushed for that carve-out, which has allowed US importers to continue bringing in the bulk of Mexican and Canadian products without duties.”
Sean Patrick Maloney Not Seeking Comeback
“The head of the Westchester Democrats shot down a rumor that former Rep. Sean Patrick Maloney is considering a run for the 17th Congressional District, following an eyebrow-raising report earlier this month that Maloney, the former chair of the Democratic Congressional Campaign Committee, was looking to challenge Rep. Mike Lawler,” City and State New York reports.
“Maloney lost his race to Lawler in 2022 after jumping districts due to new lines, and Democrats lost control of the House under his watch.”
Smithsonian Removes Info on Trump’s Impeachments
“The Smithsonian’s National Museum of American History in July removed references to President Donald Trump’s two impeachments from an exhibit display,” the Washington Post reports.
“A person familiar with the exhibit plans, who was not authorized to discuss them publicly, said the change came about as part of a content review that the Smithsonian agreed to undertake following pressure from the White House to remove an art museum director.”
Trump Officials Scold Allies Over Palestinian Statehood
“The Trump administration is chastising Western allies who are preparing to recognize Palestinian statehood in response to the heightening humanitarian crisis in the region, cranking up criticism after President Donald Trump initially brushed off the push,” Politico reports.
Trump Plans $200 Million Overhaul of East Wing
“President Donald Trump, a longtime developer, is overseeing the construction of a $200 million, 90,000-square-foot ballroom that will remake the East Wing of the White House, effecting one of the biggest changes to ‘the People’s House’ in a century,” the Washington Post reports.
“The White House State Ballroom will seat 650 people, more than triple the capacity of the East Room, which is currently the largest room at the White House. Construction is set to begin in September and be done ‘long before’ the end of Trump’s second term.”
Wall Street Journal: “Trump has complained that the White House doesn’t have a large enough room to host large state dinners indoors.”
Axelrod Says Harris Gearing Up for 2028 Run
Democratic strategist David Axelrod on Wednesday said former Vice President Kamala Harris appears to be preparing for another White House bid after last year’s November loss, The Hill reports.
Said Axelrod: “She will begin as the polling leader in any race for president just by dint of having been the nominee the last time. But a lot of Democrats want to turn the page on all of that and look forward, and so it‘s not going to be easy for her.”
Top Democrat Promises Epstein Tell-All On YouTube
Sen. Ron Wyden (D-OR), the top Democrat on the Senate Finance Committee, promised to reveal to the public a “full breakdown of my follow the money investigation on Epstein so far” tonight at 9 p.m. ET on YouTube.
Said Wyden: “Last year, the Biden administration allowed our investigators to look at portions of the file. We did that at the Treasury building. Here is what it says.”
Trump Lashes Out at Fed Chair with Stream of Insults
“President Trump on Thursday unleashed a fiery reaction after the Federal Reserve held interest rates steady, blasting Fed chair Jerome Powell with a stream of insults and suggesting corruption in the renovation of the central bank’s headquarters,” Axios reports.
Said Trump: “He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL to have the job of Fed Chair.”
Unnoticed Document Alarms Justice Department Veterans
“The Justice Department’s internal watchdog lost a crucial account from a whistle-blower detailing wrongdoing by political appointees for more than two months, prompting criticism that the agency’s inspector general has been inactive and silent during a time of deep turmoil,” the New York Times reports.
“The complaint, submitted in early May, accused top Justice Department officials like Emil Bove III of overseeing an effort to mislead judges and skirt or ignore court orders.”
“That the office received, but did not act upon, a potentially explosive set of allegations two weeks before news of Mr. Bove’s nomination to become a federal appeals court judge has raised serious concerns from current and former department lawyers that the unit responsible for policing not just the department but agencies like the F.B.I. and D.E.A. may have gone largely dormant.”
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