“A batch of Trump memecoins set to be unlocked this week will test demand for the cryptocurrency and add almost $100 million to the billionaire president’s net worth,” Bloomberg reports.
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A Big Unpopular Bill
A new CNN poll finds Americans oppose President Trump’s signature legislation by a whopping 61% to 39% margin.
Trump Looks for a Distraction
Leigh Ann Caldwell: “Many Republicans I’ve been talking to over the past few days have predicted that Trump would do something dramatic to distract from Epstein.”
Bonus Quote of the Day
“We need to learn from the blacks. The way they were able to remove the power from the n-word word by using it. So from now on it’s: What up, my Nazi? Hey, what up, my Nazi? Hey, what’s hanging, my Nazi?”
— Greg Gutfeld, on Fox News.
Big Majority Disapprove of Handling of Epstein Files
A new Quinnipiac poll finds that 17% of voters say they approve of the way the Trump Administration is handling the Jeffrey Epstein files, while 63% of voters disapprove, and 20% did not offer an opinion,
Republicans are split with 40% approving of the way the Trump administration is handling the Epstein files, 36% disapproving and 24% not offering an opinion.
Said pollster Tim Malloy: “Epstein has been dead and gone for years but his tawdry legacy looms large in a country wanting to know more about who he knew and whether secrets have been buried with him.”
Medicaid Cuts Already Starting to Bite
The Prospect: “Hospitals are closing or actively considering doing so, cutting programs, and laying off staff. Planned Parenthood is warning patients it can no longer accept Medicaid insurance and in one region says it can’t provide services to Medicaid recipients at all, even if the patient doesn’t use Medicaid to pay.”
“And lawmakers in at least five states are planning special sessions to revamp their already-enacted budgets and determine how to handle the cuts, including what cuts they should enact and how to administer the new Medicaid work requirement.”
Abigail Spanberger Holds Big Lead for Virginia Governor
A new Virginia Commonwealth University poll finds Abigail Spanberger (D) leading Winsome Earle-Sears (R) in the race for Virginia governor among registered voters, 49% to 37%.
When asked which issue would most influence their vote in the upcoming election, 28% of voters identified the rising cost of living, followed by women’s reproductive rights at 14% and immigration at 14%.
Trump Now Personifies What MAGA Opposes
Peter Wehner: “We are witnessing one of the more shocking political events of recent times: Donald Trump’s MAGA base, over which he has had a decade-long cultlike hold, is in open revolt against him. And his initial efforts to quell the uprising have, so far, only further inflamed it.”
Trump’s Adversaries Are Not Just Wrong, They’re Evil
New York Times: “‘Evil’ is a word getting a lot of airtime in the second Trump term. It is not enough anymore to dislike a journalistic inquiry or disagree with an opposing philosophy. Anyone viewed as critical of the president or insufficiently deferential is wicked. The Trump administration’s efforts to achieve its policy goals are not just an exercise in governance but a holy mission against forces of darkness.”
“The characterization seeds the ground to justify all sorts of actions that would normally be considered extreme or out of bounds. If Mr. Trump’s adversaries are not just rivals but villains, then he can rationalize going further than any president has in modern times.”
Europe Rushes to Reach Trade Deal
“Maros Sefcovic, one of the European Union’s top trade negotiators, is headed to Washington on Wednesday to talk to Trump administration officials in a bid to stop painful 30 percent tariffs from kicking in on Aug. 1,” the New York Times reports.
“But at a time when E.U. officials are hoping that President Trump’s latest tariff threat is more of a negotiating gambit than a serious possibility, the latest comments from the White House have offered little encouragement.”
Columbia Nears Settlement with Trump
Columbia University could settle with the Trump administration as soon as next week, paying hundred of millions of dollars in fines and implement various “reforms” to re-start cut off federal funding, the New York Times reports.
Obamas Dismiss Divorce Rumors
Former President Barack Obama and former first lady Michelle Obama are laughing off the divorce rumors that have plagued them for much of the past year, Good Morning America reports.
Trump Now Denies He’s Planning to Fire Powell
“President Trump denied that he was planning to attempt to fire Federal Reserve Chair Jerome Powell after polling Republican lawmakers during a closed-door meeting about whether he should oust him,” the Wall Street Journal reports.
Said Trump: “We’re not planning on doing anything… I don’t rule out anything, but I think it’s highly unlikely. Unless he has to leave for fraud.”
Quote of the Day
“He’s dead for a long time. He was never a big factor in terms of life. I don’t understand what the interest or the fascination is… I don’t understand why the Jeffrey Epstein case would be of interest to anybody, it’s pretty boring stuff.”
— President Trump, quoted by CNN.
Trump Told GOP Lawmakers He Will Fire Fed Chair
“President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reseve Chairman Jerome Powell, after receiving approval from them to make the move,” CNBC reports.
The New York Times says Trump showed off a draft of a letter firing the Fed chair to the lawmakers.
CBS News: “The idea of a president removing a Fed chair is legally untested — federal law says the chair can only be fired ‘for cause.’ The action could have serious negative effects on financial markets.”
Top Biden Aide Pleads the Fifth
“A top Biden White House aide invoked his 5th Amendment right against self-incrimination Wednesday morning in declining to cooperate with Republican-led efforts to investigate the former president’s mental acuity and use of the autopen,” Politico reports.
Zohran Mamdani Briefs House Democrats
“Zohran Mamdani, the polarizing Democratic nominee for New York City mayor, huddled privately Wednesday with Democratic lawmakers at a Washington restaurant. The conversation, attendees said, focused on campaign strategy and lessons learned from his surprise win,” Politico reports.
Israel Bombs Syrian Capital Despite U.S. Pressure
“The Trump administration has asked Israel to halt its strikes on Syrian government targets and to open direct talks with Damascus,” Axios reports.
“U.S. officials are highly concerned that the Israeli attacks — including on Syrian military headquarters in Damascus and near the presidential palace — could destabilize the new Syrian government.”
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