Trump Used Presidential Seal at ‘Private’ Event
“”President Donald Trump used the presidential seal at his multi-million-dollar dinner with crypto investors despite the White House saying it was a private rather than official event,” USA Today reports.
The End of Independent Agencies as We Know Them
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Crypto Dinner Guests Intended to Influence Trump
New York Times: “It was a spectacle that could only have happened in the era of Donald J. Trump. Several of the dinner guests said that they attended the event with the explicit intent of influencing Mr. Trump and U.S. financial regulations.”
“Mr. Trump and his business partners organized the dinner to promote sales of his $TRUMP cryptocurrency, a memecoin launched just days before Mr. Trump’s inauguration. A memecoin is a type of digital currency tied to an online joke or mascot; it typically has no function beyond speculation. But Mr. Trump’s coins have become a vehicle for investors, including many foreigners, to funnel money to his family.”
Trump Takes Another Page from the Strongman’s Playbook
Stephen Collinson: “Those who worry that Trump is taking the country down an anti-democratic path had more reason for anxiety Thursday when he used two more staples of the strongman’s playbook.”
“Trump aimed his most stinging shot yet at higher education — a rival source of authority, free thought and facts that often clash with his version of reality. And he fueled fears he could enable the kind of corruption that rots democracies with an event that looked a lot like a move to profit from the presidency.”
Mike Johnson’s Superpower
Speaker Mike Johnson says one of his strengths is he doesn’t get angry when other members get angry at him, Punchbowl News reports.
Said Johnson: “I can have somebody completely unload on me, and I can look through that and say, ‘You know what? I love that guy. I love that guy. I love her.”
Harvard Sues Trump Over Move to Bar Foreign Students
“Harvard University sued the Trump administration for a second time on Friday, less than 24 hours after the Department of Homeland Security said it would block international students from attending the nation’s oldest university and one of its most prestigious,” the New York Times reports.
“The lawsuit, and a letter issued by Dr. Alan Garber, Harvard’s president, signified a dramatic escalation of the battle between the administration and Harvard. And the university’s forceful and almost immediate response served as evidence that stopping the flow of international students to Harvard, which draws some of the world’s top scholars, would destabilize Harvard’s very existence.”
CNBC: Harvard sues Trump administration over ban on international student enrollment.
Obama’s Base Is Slipping Away From Democrats
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Kim Jong-Un Calls Failed Warship a ‘Criminal Act’
North Korean leader Kim Jong-un responded with fury after watching a “serious accident” during the launch of a new warship Thursday that he described as a “criminal act,” Axios reports.
Trump Says He’ll Put a 50% Tariff on Europe
President Trump said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled, CNBC reports.
The steep new import duties would start on June 1.
DNC to Vote on Whether to Redo Election for Vice Chairs
“The Democratic National Committee took another step Thursday toward removing a pair of vice chairs — including David Hogg, who ignited controversy in the party with his pledge to challenge ‘asleep at the wheel’ Democrats,” Politico reports.
“DNC members will now vote via electronic ballot from June 9 to June 11 on whether to hold a redo of the election for the two vice chair positions, after a DNC panel granted a procedural complaint about the original contest that was unrelated to the broader firestorm surrounding Hogg.”
Trump Threatens 25% Tariffs If iPhones Not U.S. Made
“President Donald Trump threatened Apple Inc. with a tariff of at least 25% if the tech company does not manufacture iPhones in the U.S.,” Bloomberg reports.
Said Trump: “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank your for your attention to this matter!”
Trump Attack on Harvard Reverberates Across World
“The Trump administration’s sudden move to bar foreign students at Harvard University is seen as dealing a blow to the US’s standing in business — and handing an advantage to elite rival colleges across the English-speaking world,” Bloomberg reports.
Trump Has Built a Massive War Chest
“Between a barrage of executive orders, foreign trips and norm-shattering proclamations, Donald Trump has also been busy raking in cash,” the AP reports.
“The president has amassed a war chest of at least $600 million in political donations heading into the midterm elections… It’s an unprecedented sum in modern politics, particularly for a lame-duck president who is barred by the U.S. Constitution from running again.”
“Trump is keeping an aggressive fundraising schedule with the ultimate goal of raising $1 billion or more to back his agenda and hold the House and Senate next November.”
FTC Goes After Liberal Advocacy Group
The Federal Trade Commission is demanding documents from liberal advocacy group Media Matters for America “about possible coordination with other media watchdogs accused by Elon Musk of helping orchestrate advertiser boycotts of X,” Reuters reports.
Oliver Darcy: “If the roles were reversed — if a Democratic administration were using the FTC to target a conservative media watchdog because George Soros didn’t like its reporting — outlets like Fox News would never stop covering it.”
Quote of the Day
“If Harvard can’t resist these steps towards tyranny, who can?”
— Former Treasury Secretary Larry Summers, on CNN.
Night Moves
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How Mike Johnson Doused a GOP Dumpster Fire
Politico: “Johnson had to battle for months with factions of his own conference, and with the Senate, at multiple key junctures. But he plowed through and moved a host of Trump’s campaign promises closer to the president’s desk after a final flurry of negotiations and a rare, overnight session on the House floor.”
Said Johnson: “There was a few moments over the last week when it looked like the thing might fall apart.”
“In essence, Johnson spent months fighting fires. His job, in conjunction with other GOP leaders, was to manage flare-up after flare-up as various groups inside the House ranks battled over trillions in tax cuts and politically explosive reductions to social safety-net spending.”
Washington Post: Trump and Johnson notch big win with House passage of sweeping tax bill.
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