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Interest Rate Hikes Add New Challenge for Democrats

March 14, 2022 at 11:39 am EDT By Taegan Goddard Leave a Comment

NPR: “In an attempt to curb inflation, the Federal Reserve is expected this week to begin raising interest rates for the first time in three years.”

“The move presents President Biden and Democrats with yet another political challenge from a different end of the economic spectrum than higher prices.”

“Higher interest rates, after all, will put a strain on Americans looking to borrow. Buying a home or car, or taking out a student or business loan, for example, will all cost more — although even after several expected rate hikes, borrowing costs will remain low by historical standards.”

Earlier for members: Democrats Must Focus Like a Laser on Inflation

Noem’s Struggles at Home May Raise Her National Profile

March 14, 2022 at 11:09 am EDT By Taegan Goddard Leave a Comment

“South Dakota Gov. Kristi Noem’s (R) election-year fight with fellow Republicans in the Legislature has spurred criticism she is neglecting her job to angle for the White House, but the resistance could actually be helping her national brand rather than tarnishing it,” the AP reports.

Congress Keeps Pushing Biden on Ukraine

March 14, 2022 at 11:03 am EDT By Taegan Goddard Leave a Comment

Playbook: “Something quite striking has happened in Washington since Russia invaded Ukraine. Congress — which typically takes a back seat on foreign policy matters — has repeatedly driven the White House beyond its comfort zone with bipartisan demands for more assertive policies.”

“It started with calls for tougher sanctions, then escalated to an appeal for a larger military and humanitarian assistance package. Members of both parties then clamored for a U.S. ban on Russian oil, which the White House saw as politically risky given the effect on gas prices at home. And they insisted that the U.S. end permanent normal trade relations with Russia.”

“The tactics have worked. And this week, lawmakers will be at it again — this time nudging the Biden administration to go further than it wants in facilitating the transfer of fighter jets from Poland to Ukraine.”

White House Warns of Blow to Covid-19 Fight

March 14, 2022 at 10:47 am EDT By Taegan Goddard Leave a Comment

“The Biden administration says that it might have to scrap critical Covid-19 programs unless Congress moves to approve funding left out of the $1.5 trillion omnibus spending package,” the Wall Street Journal reports.

“Democratic leaders now plan to hold a stand-alone vote in the House this coming week on $15.6 billion in Covid-19 aid, without paying for it by clawing back state funds. Such an approach would likely hit a wall in the 50-50 Senate, where Democrats would need at least 10 Republican votes to advance the proposal.”

Punchbowl News: “The White House hasn’t done anything to sell this legislation to Congress. This is a complaint you’ll hear from House and Senate Democrats… The White House faces enormous challenges on numerous fronts, especially with the growing military and humanitarian crisis in Ukraine. But this issue isn’t going to get resolved unless there’s a high-level push from the administration, and that hasn’t happened yet.”

Colorado GOP Stages 23-Hour Filibuster

March 14, 2022 at 10:24 am EDT By Taegan Goddard Leave a Comment

Colorado Republicans tried to stop Democrats from passing a bill codifying the right to abortion in state law by staging a 23-hour filibuster, the Denver Post reports.

“The outcome of this legislation is not in question. Democrats hold a 41-24 majority in the House and will pass this bill. They took a voice vote Saturday morning to advance it, and the House speaker said a final chamber vote is expected next week. At that point the bill will be kicked over to the Senate, which Democrats also control.”

GOP Lawmaker Set to Go On Trial

March 14, 2022 at 10:22 am EDT By Taegan Goddard Leave a Comment

Rep. Jeff Fortenberry (R-NE) goes on trial this week for three felonies while he’s running a reelection campaign, the Lincoln Journal Star reports.

Zelensky to Address Congress Virtually

March 14, 2022 at 10:11 am EDT By Taegan Goddard Leave a Comment

Ukrainian President Volodymyr Zelensky will deliver a virtual address to members of the U.S. Congress at 9 a.m. ET on Wednesday morning, the Washington Post reports.

Clarence Thomas’ Wife Attended January 6 Rally

March 14, 2022 at 10:00 am EDT By Taegan Goddard Leave a Comment

Ginni Thomas, the wife of Supreme Court Justice Clarence Thomas, told the Washington Free Beacon that she attended the “Stop the Steal” rally on January 6, 2021 “but got cold and left early.”

Anti-Trump Republicans Line Up for 2024

March 14, 2022 at 9:53 am EDT By Taegan Goddard Leave a Comment

“Maryland Gov. Larry Hogan is planning trips to Iowa and New Hampshire. Rep. Adam Kinzinger (R-IL) is considering a rough timeline for a potential presidential announcement. And allies of Rep. Liz Cheney (R-WY) are openly talking up her White House prospects,” the AP reports.

“More than two years before the next presidential election, a shadow primary is already beginning to take shape among at least three fierce Republican critics of former President Donald Trump to determine who is best positioned to occupy the anti-Trump lane in 2024.”

“Their apparent willingness to run — even if Trump does, as is widely expected — represents a shift from previous years when “Never Trump” operatives failed to recruit any GOP officeholders to challenge the incumbent president. But with the 2024 contest almost in view, the question is no longer whether one of Trump’s prominent Republican critics will run, but how many will mount a campaign and how soon they will announce.”

Top Putin Ally Admits War Has Not Gone to Plan

March 14, 2022 at 9:50 am EDT By Taegan Goddard Leave a Comment

“One of President Vladimir Putin’s closest allies said Russia’s military operation in Ukraine had not all gone as quickly as the Kremlin had wanted, the strongest public acknowledgement yet from Moscow that things were not going to plan,” Reuters reports.

“National Guard chief Viktor Zolotov blamed the slower than expected progress on what he said were far-right Ukrainian forces hiding behind civilians, an accusation repeatedly made by officials in Russia.”

Ousted Minnesota GOP Chair to Run for Congress

March 14, 2022 at 9:50 am EDT By Taegan Goddard Leave a Comment

Former Minnesota GOP chair Jennifer Carnahan (R) is running for Congress — for the seat of her late husband Jim Hagedorn (R-MN) — just months after fellow GOP leaders helped force her from power, the Minneapolis Star Tribune reports.

Uptick In GOP Censures Signals a Growing Radicalism

March 14, 2022 at 9:48 am EDT By Taegan Goddard Leave a Comment

Seth Masket: “The Republican National Committee’s censure last month of GOP Reps. Liz Cheney and Adam Kinzinger was a historical rarity — national parties almost never reprimand their own officeholders.”

“But in many ways it was the culmination of what’s been happening at the state level. State and local parties are increasingly disciplining their officeholders, and it’s mostly happening on the Republican side.”

GOP Senate Primaries Get Nasty

March 14, 2022 at 9:44 am EDT By Taegan Goddard Leave a Comment

Politico: “Democrats running for Senate are still holding their fire in primaries. Republicans are stuck in the Thunderdome.”

“GOP candidates are already pummeling each other in monthslong advertising free-for-alls, fights intensified by unprecedented television spending. The parties’ approaches in money spent and messaging could hardly be more different so far, as is the mere number of contested races: For Republicans, there are more than a dozen states where GOP candidates are attacking each other in bids for Senate nominations, while Democrats have unresolved primaries in just two key states — neither of which have turned vicious yet.”

Zelensky Pressured Biden for More Sanctions on Russia

March 14, 2022 at 9:40 am EDT By Taegan Goddard Leave a Comment

Ukrainian President Volodymyr Zelensky pressed President Biden during their latest call for more sanctions to further squeeze Russia, CNN reports.

“Zelensky specifically asked Biden for further efforts to cut off Russia from international trade and to continue targeting the Russian elite, as the US has continued to add more oligarchs and their families to its sanctions list. Zelensky also mentioned closing off Russia’s access to international waterways during the call.”

Russia Threatens to Pay Bondholders in Roubles

March 14, 2022 at 7:46 am EDT By Taegan Goddard Leave a Comment

“Russia has threatened to pay international bondholders in roubles rather than dollars just days before a key interest payment on its external debt comes due,” the Financial Times reports.

“Moscow is scheduled to make a combined $117 million in interest payments this Wednesday on two dollar-denominated bonds… Neither bond’s contracts gives Russia the option of paying in roubles.”

Czar Vladimir

March 14, 2022 at 7:42 am EDT By Taegan Goddard Leave a Comment

Niall Ferguson: “I don’t think Putin is mad. I think power has corrupted him. And it has also distanced him from reality. He clearly underestimated the Ukrainian resistance, and he clearly underestimated the risk to the Russian economy. These are miscalculations, not signs of madness. They’re the kind of miscalculations you make if you are very divorced from reality, because you lead the life of a czar, in vast — if hideous — palaces, surrounded by people who are terrified of you and tell you what they think you want to hear.”

“If I put myself in Putin’s position, I don’t think he’s trying to resurrect the Soviet Union. He’s looking back even further and trying to bring back the Russian Empire, with himself as ‘Czar Vladimir.’ It’s an ideology of conservative, orthodox nationalism that Putin offers, that has nothing to do with the Soviet legacy.”

China Locks Down Big Cities

March 14, 2022 at 7:38 am EDT By Taegan Goddard Leave a Comment

“China forced millions of people into lockdown and closed big cities yesterday after the number of coronavirus cases tripled in 24 hours, marking the country’s worst day since the original Wuhan outbreak,” the Times of London reports.

The Guardian: Hong Kong tackles deadliest Covid wave.

Bipartisan Pressure Increases on Biden Over Ukraine

March 14, 2022 at 6:51 am EDT By Taegan Goddard Leave a Comment

Washington Post: “A growing number of U.S. lawmakers ratcheted up pressure on President Biden on Sunday to increase military aid to Ukraine, including sending fighter jets and air defense systems that the administration rejected last week.”

“The public calls from both Republicans and Democrats to answer Ukrainian President Volodymyr Zelensky’s urgent pleas for air assistance come as the Biden administration declined an offer from Poland to deliver MiG-29 airplanes to Ukraine for fear such a move could be interpreted by the Russians as an escalation of the United States’ role in the war.”

“The bipartisan push underscores the growing hawkishness among many leaders on Capitol Hill, who have been urging Biden to do more to help Ukraine defend itself against Russian attacks as the war rages into its third week.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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