“At least for now, the U.S. stock market is on board with President Donald Trump’s increasingly aggressive use of executive power when it comes to tariffs,” NBC News reports.
“On Tuesday, major stock indexes hit fresh all-time highs as investors digested an inflation report that was mostly tamer than feared. While the details of the report suggest an overall mixed picture for the economy, it suggested fears of large immediate price increases from Trump’s tariffs may no longer be warranted.”
Virtual meetings between Trump, Vice President JD Vance, Ukrainian President Volodymyr Zelensky and European leaders are scheduled for this morning, NBC News reports.
European leaders and Zelensky will hold an initial call, followed by a second call that includes Trump and Vance. After that, a third call will be held, likely including Zelensky and representatives from a coalition of countries supporting Ukraine.
New York Times: Before Trump talks to Putin, Europe wants to bend his ear.
Axios: Zelensky scrambles to avert disaster as Trump meets Putin.
Former Rep. Tim Ryan (D) has “heightened” interest in running for governor of Ohio after former Sen. Sherrod Brown (D) opted for the Senate race, the Cleveland Plain Dealer reports.
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Rep. Greg Casar (D-TX) said he won’t run in a redrawn district that Republicans plan to gerrymander into a Trump +10 seat, teeing up a primary against Rep. Lloyd Doggett (D-TX), Punchbowl News reports.
“President Trump’s nomination of Heritage Foundation economist E.J. Antoni to head the Bureau of Labor Statistics on Monday drew criticism from economists across the political spectrum,” Axios reports.
“The growing negative consensus among conservative economists is unusual given Antoni’s own conservative pedigree.”
New York Times: “Economists across the political spectrum reacted with alarm to Dr. Antoni’s appointment — which must still be confirmed by the Senate — saying they worried he would politicize an agency long admired for providing straight-ahead facts on employment, inflation, wages and other critical economic subjects.”
Financial Times: Trump’s BLS pick sparks alarm.
“The State Department on Tuesday released a long-awaited series of reports on worldwide human rights practices that reveal scaled-back criticism of select countries including El Salvador and harsher assessments of traditional U.S. allies, including the United Kingdom and Germany,” CBS News reports.
Sen. Chris Murphy (D-CT) wants to pick a fight with Donald Trump over government funding — even if his fellow Democrats don’t, Politico reports.
Said Murphy: “Every single day, there’s new evidence that our democracy is falling, and you’ve got to take stands. You have to take fights.”
Oliver Darcy: “The crime panic is nothing new for right-wing media. For years, it has been a reliable theme, a steady drumbeat of doom that portrays America’s cities as collapsing under the weight of lawlessness. A poll conducted by Gallup last year found that 64 percent of Americans believed that crime in the U.S. had increased over the past year, including 90 percent of Republicans.”
“In reality, violent crime has been trending downward nationally, and major metros like Los Angeles and New York are far safer than the nightly monologues would suggest. But accuracy isn’t the point. The target audience for this narrative largely doesn’t live in these cities, doesn’t visit them, and is primed to accept the caricature over the facts.”
“Many Democrats left House Minority Leader Hakeem Jeffries’ annual California fundraising event last week convinced Kentucky Gov. Andy Beshear is running for president,” Axios reports.
“Democrats lapped up the message from the two-term governor, who told big dollar donors and vulnerable House Democrats that the key to winning over Trump voters is staying true to your values.”
Vogue: Andy Beshear has won (and won again) in Trump country. What’s next?
Amy Walter: “Even as the possibility of new maps in Texas and California may change the size and the shape of the 2026 playing field, the fate of the Republican-controlled House is ultimately still going to be determined by two fundamental questions: how do voters feel about the state of the economy, and how do independent voters assess the party in power?”
“Or, as Matthew Continetti put it in a recent column for Commentary magazine, Republicans’ ability to preserve their congressional majorities relies on ‘inflation and independents.’”
“The White House on Tuesday said homeless people in the nation’s capital could be subject to fines and jail time as the administration cracks down on crime,” The Hill reports.
Said press secretary Karoline Leavitt: “The homeless problem has ravaged the city.”
She added: “Homeless individuals will be given the option to leave their encampment, to be taken to a homeless shelter, to be offered addiction or mental health services, and if they refuse, they will be susceptible to fines or to jail time.”
“Senate Democrats held more than 100 events railing against Republican policies in the first week of their summer recess, part of a coordinated push to drive down GOP approval ahead of the 2026 midterms,” Axios reports.
“Senate Minority Leader Chuck Schumer (D-N.Y.) deployed similar tactics on the campaign trail last year, when his Democrats significantly outperformed the rest of the party in the general election.”
“Schumer wants his caucus to localize the impact of policies Trump and the Republican Congress have embraced in Washington — specifically cuts to health care, tariffs, rising energy costs and tax cuts for the wealthy.”
“National Guard troops began to deploy in Washington on Tuesday evening as President Trump’s plan to use the federal government to crack down on crime in the city started taking shape,” the New York Times reports.
“About a dozen members of the National Guard appeared in five military vehicles near the Washington Monument as the sun set, a stark juxtaposition to a peaceful evening scene of people jogging by with headphones and walking their dogs. They declined to answer a reporter’s questions about their mission and about how long they would be there, with one saying he had been instructed not to.”
Texas Democrats will return to Texas for a second special session, KTRK reports.
“Democrats believe they’ve accomplished their mission by killing the first special session and by raising national awareness about the mid-decade redistricting effort.”
“Mexico said it expelled a group of 26 imprisoned cartel members wanted by the U.S. in the midst of rising pressure from the Trump administration to dismantle the country’s powerful drug organizations,” the Wall Street Journal reports.
“The group of alleged drug bosses sent to the U.S. on Tuesday was similar in size to a group of 29 inmates transferred to the U.S. in February.”
“The Trump administration’s claim that it is saving billions of dollars through DOGE-related cuts to federal contracts is drastically exaggerated,” Politico reports.
“Through July, DOGE said it has saved taxpayers $52.8 billion by canceling contracts, but of the $32.7 billion in actual claimed contract savings that Politico could verify, DOGE’s savings over that period were closer to $1.4 billion.”
“The Trump administration is considering changes to how the federal government collects and reports jobs data, following President Trump’s decision to fire the Bureau of Labor Statistics commissioner earlier this month in the aftermath of weak employment numbers,” the Wall Street Journal reports.
“The immigration court system was already strained when Donald Trump took office in January. Since then, he’s taken dramatic steps to undermine it even further,” MSNBC reports.
“Over the last seven months, Trump has fired immigration judges, weakened due process rights for those facing deportation and pressured judges to rule in the administration’s favor.”
“Some of those fired judges, immigration attorneys and other experts say the end result will be that these courts are either destroyed or left so dysfunctional that they can’t effectively guarantee basic rights.”
Taegan 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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