“The Trump administration is warning Harvard University that it could take over its patents, worth hundreds of millions of dollars, if a review finds the university hasn’t complied with federal law, an escalation of the continuing negotiations between the White House and America’s oldest university,” the Wall Street Journal reports.
Gerrymandering Is Deepening America’s Divide
“America’s identity as a unified nation is eroding, with Republican- and Democratic-led states dividing into separate spheres, each with its own policies governing the economic, social and political rules of life,” the Wall Street Journal reports.
“The bitter fight over redrawing U.S. House maps, triggered by President Trump’s effort to protect his party’s majority in the 2026 midterm elections, is the latest example of how the dominant party in many states is making extraordinary efforts to impose its will.”
Trump Weighs Reclassifying Marijuana
“President Trump is considering reclassifying marijuana as a less dangerous drug, after pot companies have poured millions of dollars into Trump’s political groups,” the Wall Street Journal reports.
Trump Says He Will Meet With Putin in Alaska
“President Trump said he would meet with President Vladimir Putin of Russia next Friday in Alaska, as he tries to secure a deal to end the war between Russia and Ukraine,” the New York Times reports.
“Mr. Trump announced the meeting Friday shortly after he suggested that a peace deal between the two countries could include ‘some swapping of territories,’ signaling that the United States may join Russia in trying to compel Ukraine to permanently cede some of its land.”
Trump Shrugs as RFK Jr. Undermines His Vaccine Legacy
“President Trump’s laissez-faire approach is notable, given that the development of the Covid vaccine was seen as one of his first term’s most notable achievements,” the New York Times reports.
Said Trump: “That was now a long time ago, and we’re onto other things.”
Janet Mills Won’t Rule Out Senate Bid in Maine
“There has been widespread speculation that Gov. Janet Mills, a Democrat, could challenge Republican incumbent Sen. Susan Collins in a run for U.S. Senate when Collins’ term ends in 2026,” WMTW reports.
Said Mills: “That’s the rumor. I don’t know. I would think seriously about it, but I’m not ready to make any decisions along those lines.”
Trump’s Team Expands Search for Fed Chair
“President Trump’s team is reviewing new contenders to be the next chairman of the Federal Reserve, with a longtime economic consultant and a past Fed president added to the list,” the Wall Street Journal reports.
“About 10 people are under consideration for the job.”
Trump Pushes Ahead to Privatize Fannie and Freddie
“The Trump administration is pushing ahead with plans to take US mortgage giants Fannie Mae and Freddie Mac public later this year, in a move that would bring the federally-backed housing finance agencies out of government control,” the Financial Times reports.
Trump Is Replacing Billy Long as IRS Commissioner
“President Trump is removing Billy Long from his job leading the Internal Revenue Service just two months after he was confirmed as commissioner,” the New York Times reports.
“Mr. Long, a former Republican congressman and staunch ally of Mr. Trump, is expected to be nominated to an ambassadorship, the people said. It is unclear who will next lead the IRS, which has had six different people in charge this year.”
The Senate spent weeks confirming Long, who had no qualifications for the job. And he was pushed out almost immediately.
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Putin Needles U.S. by Giving Trump Envoy Award
“Russian President Vladimir Putin gave President Trump’s special envoy Steve Witkoff an award to pass along to a senior CIA official whose son was killed in Ukraine while fighting alongside Russian forces,” CBS News reports.
Kash Patel Advances Trump’s Vision for the FBI
“FBI Director Kash Patel is stepping up his campaign to take on some of President Trump’s top partisan priorities,” the Wall Street Journal reports.
“In the last few days, Patel has forced out another round of agents who worked on investigations that upset the president and his supporters, and enlisted the FBI to help track down Texas Democratic lawmakers who fled the state to block Republicans from taking up redistricting legislation. The firings are the latest in a series of changes as Patel tries to reshape the nation’s premier law enforcement agency in Trump’s image.”
Pentagon Could Divert Ukraine Weapons Back to U.S.
CNN: “A memo written by the Pentagon’s policy chief last month gives the Defense Department the option to divert certain weapons and equipment intended for Ukraine back into US stockpiles… a dramatic shift that could see billions of dollars previously earmarked for the war-torn country go toward replenishing dwindling American supplies.”
Obamacare Sticker Shock Could Jolt Republicans
“Pressure on Congress to renew Affordable Care Act subsidies is likely to ramp up this fall as notices of 2026 premium increases go out and consumers get their first warnings that huge rate hikes could be coming,” Axios reports.
“Backers of renewing the enhanced tax credits, which expire at the end of this year, hope the sticker shock could motivate Republicans to get behind a short-term reauthorization to avoid an uproar over premium increases in an election year.”
Trump Seeks to Centralize Control of Federal Grants
“A sweeping new executive order seeks to transform how the federal government awards billions of dollars in research grants by giving President Trump’s political appointees unprecedented power over the projects agencies fund,” Stat reports.
Trump’s Fed Pick Seeks Overhaul of Central Bank
“In naming Stephen Miran to the governor spot vacated Friday as Adriana Kugler steps aside, President Trump is seeking to place someone who wants a root-and-branch overhaul of the Fed inside the central bank,” Axios reports.
“In the near term, Miran will, if confirmed, be a voice for Trump’s desired interest rate cuts.”
“But Miran’s critique of how the Fed operates goes much deeper — and his conception of central bank independence is distinctly non-mainstream.”
Appeals Court Ends Inquiry Into Deportation Flights
“A federal appeals panel on Friday terminated a district-court judge’s plan to assess whether Trump administration officials were guilty of criminal contempt for sending flights of Venezuelan migrants to El Salvador, despite the judge’s verbal order that they turn around and return to the United States,” the New York Times reports.
“The ruling by the three-judge panel of the U.S. Court of Appeals for the District of Columbia will make it far more difficult for Judge James E. Boasberg to determine the details of who was made aware of his order in March, and why the planes continued on to El Salvador.”
Chip Roy May Run for Texas Attorney General
Rep. Chip Roy (R-TX) is eyeing a bid for Texas attorney general, The Hill reports.
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