“Deputy Attorney General Todd Blanche announced Tuesday that he is seeking a meeting with Jeffrey Epstein’s associate Ghislaine Maxwell,” Axios reports.
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Coca Cola Caves to Trump
“Coca-Cola Co. on Tuesday said it plans to launch a new Coke product this fall made with U.S. cane sugar,” Axios reports.
“The move is a response to President Trump’s statement last week that the company would use sugar, rather than high fructose corn syrup, in its sodas.”
“That announcement, which took most people by surprise, led to confusion about the company’s plans, with farm groups warning a full switch away from corn syrup could cost thousands of jobs.”
Massie Will Push Forward to Release Epstein Files
“Rep. Thomas Massie (R-KY), who has a discharge petition that would require the release of Epstein-related documents, is undeterred and warning that support for his effort will only be bigger when Congress returns in September,” Politico reports.
“He says at least a dozen Republicans support his proposal.”
Bessent Sees No Reason for Powell to Step Down
“Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down,” Bloomberg reports.
Said Bessent: “There’s nothing that tells me that he should step down right now. His term ends in May. If he wants to see that through, I think he should. If he wants to leave early, I think he should.”
Democrats Hold Small Lead in Generic Ballot
Americans remain deeply dissatisfied with the political status quo and increasingly pessimistic about the nation’s direction, according to the latest Strength In Numbers/Verasight poll.
Democrats currently hold a slight edge on the generic ballot for House races, 47% to 43%, and President Trump and his legislative agenda remain broadly unpopular, particularly on key issues like deportations, inflation, and health care.
Just 32% say the United States is on the “right track,” while 58% say it is on the “wrong track.”
Minnesota Lawmaker Resigns After Burglary Conviction
“For more than a year, State Senator Nicole Mitchell operated on the periphery of the Minnesota Legislature as she awaited trial on felony charges,” the New York Times reports.
“Her fellow Democrats, who held a one-seat majority for much of that time, continued to rely on her vote, but no longer included her in caucus meetings or committees. All the while, Republicans were trying to expel her from the chamber.”
“On Monday, just days after a jury convicted her of burglary, Ms. Mitchell said she would soon step down. By leaving office, Ms. Mitchell is likely to avoid the possibility of being removed.”
“It appeared on Monday morning that her departure would end the Democrats’ majority in the chamber. But in a somber turn, Senate officials announced later in the day that a Republican member, Senator Bruce Anderson, had died, keeping the balance of power in St. Paul unchanged.”
Leading Indicators Show Economic Clouds Gathering
“The U.S. economy is set to slow, leading economic indicators say, with the impact of tariffs becoming more pronounced in the second half of the year through higher prices,” the Wall Street Journal reports.
Beef Prices Are Soaring
Beef prices have risen almost 9% since January, and could be even more stubborn than high egg prices, CNN reports.
Crypto Still Has Limited Appeal
Fourteen percent of American adults say they own bitcoin or another type of cryptocurrency, according to new Gallup polling, while a much larger share — 60% — said they will never be interested in buying it.
Ownership is higher among conservatives, younger men, and high earners.
The Redistricting Wars Are Ramping Up
Punchbowl News: “Texas is expected to release its proposed new congressional map imminently. Ohio is required by law to redistrict before 2026. And President Donald Trump teased last week that ‘three or four or five’ other states could redraw.”
“Republicans left seats on the table during the last redistricting. GOP-controlled legislatures can attempt new maps now, but it will be easier in some states than in others.”
Trump Media Buys $2 Billion in Bitcoin
“Trump Media & Technology Group Corp., the firm behind Truth Social, has acquired about $2 billion in Bitcoin and related securities as part of its previously announced plan to become a crypto treasury company,” Bloomberg reports.
Popular Information: Trump’s latest crypto maneuver explained.
House Grinds to a Halt
“House Republicans have virtually stopped work on all major legislation leading up to their six-week summer recess to avoid taking votes on forcing the release of the Jeffrey Epstein files,” Axios reports.
“Democrats have been using every opportunity to force their GOP colleagues on the record about Epstein as President Trump pressures them to make the issue go away.”
Punchbowl News: “Speaker Mike Johnson may as well send the House home today. In fact, they probably should’ve taken the week off.”
CNN: Johnson shuts door on House vote before September on releasing Epstein files.
Epstein Saga May Test Trump’s Polling
Carroll Doherty: “Compared with past presidents, Trump’s job approval ratings have, for the most part, moved within a narrow range. The reason is simple: He has always had a low ceiling, constrained by the single-digit approval he gets from Democrats and independents who lean Democratic. But he also has a high floor, thanks to the steady, 80 percent-plus support he invariably receives from the GOP base.”
“That’s what makes the firestorm surrounding the administration’s handling of the Jeffrey Epstein files such a potentially pivotal moment for the president. Coming on the heels of the U.S. bombing of Iran (not to mention passage of the so-called Big Beautiful Bill, faulted by some conservatives for its deficit-busting spending), the Epstein affair is about to reveal something important about the resilience of Trump’s bond with the GOP base. The suspicion Epstein is generating among Republicans is raising questions about whether Trump’s floor may finally crack — and, one way or another, become the ‘it’ moment his opponents have eagerly awaited for so long.”
Economy Powering Through a Historic Increase in Tariffs
“The global economy is sailing through this year’s historic increase in tariffs, displaying an unexpected trait: resilience,” the Wall Street Journal reports.
“Faced with extreme uncertainty, businesses and households have surprised economists with their ability to hedge, finding a short-term path through as they await clarity on where tariffs will end up.”
Quote of the Day
“Go fuck yourself.”
— Stephen Colbert, quoted by Axios, responding to President Trump’s post that celebrated the cancelation of his program.
Trump Ties Epstein Files to Russia ‘Hoax’
“President Trump is redirecting his fury over the Jeffrey Epstein files into one of MAGA’s oldest obsessions: punishing Barack Obama, Hillary Clinton and the officials involved in the 2016 Russia investigation,” Axios reports,
“In Trump’s view, any documents linking him to Epstein are a ‘hoax’ cooked up by the same forces behind the Russia probe. To him, it’s all one story — a years-long ‘witch hunt’ that plagued his presidency from Day 1.”
Schumer Prepares for Fall Funding Showdown
“Chuck Schumer is quietly turning his caucus toward a critical decision on how to handle a fall funding showdown, after he and Senate Democrats faced blistering criticism from the party’s base earlier this year,” Politico reports.
“As the chamber is set to vote Tuesday to tee up the first tranche of government funding bills, the Senate minority leader is holding discussions with his colleagues about what their strategy should be ahead of the Sept. 30 shutdown deadline.”
“Democrats are having behind-the-scenes conversations on this topic, including during a more than hour-long meeting last week. Schumer is expected to have more member-level discussions about the September roadmap over the next two weeks, and has been in close touch with Democrats on the Appropriations Committee. He is also meeting with House Democratic Leader Hakeem Jeffries on Tuesday to discuss funding endgame strategy.”
Republicans Have Money Edge
Playbook: “We learned this week that the Republican National Committee is sitting on vastly more cash than its Democratic counterpart. The RNC has nearly $81 million in cash on hand. The DNC? Just $15 million. And while the Q2 sums raised by the NRCC and DCCC are roughly similar, there too, Republicans have the financial edge: $32 million to $29 million.”
“Democrats attribute that fundraising disparity to Trump’s brand strength — and the relative weakness of the Dems’ own.”
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