“Congress should just stay out of these fights to crack down on free speech. It’s not illegal to be antisemitic.”
— Rep. Thomas Massie (R-KY), quoted by Punchbowl News.
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Dollar Faces $2.5 Trillion ‘Avalanche’ of Asian Sales
“The dollar may face a $2.5 trillion ‘avalanche’ of selling as Asian countries unwind their stockpile of the world’s reserve currency,” Bloomberg reports.
“The greenback’s long-term appeal is coming under threat as Donald Trump’s efforts to remake the global trade order prompt investors to reconsider their U.S. exceptionalism trade strategies.”
The ‘Made for TV’ Fall of Ron DeSantis
“Not that long ago, Ron DeSantis looked like the future of MAGA, the iron-fisted ruler of Florida politics who was set up for a White House run,” Axios reports.
“Now the Republican governor faces potential political obscurity, unable to control legislators in his own party who are calling for a federal investigation of his wife’s charity.”
Said GOP consultant Curt Anderson: “Be careful how you treat people on the way up because you may encounter the same people on the way down.”
He added: “You see falls in politics, but not like this. It’s stark. It’s fast. It’s a made-for-TV movie.”
The Guardian Expands in the U.S.
The Guardian is hiring for more than a dozen new editorial roles to support its U.S. expansion after growing its overall revenue year-over-year by 25%, Axios reports.
Many Say They Won’t Be Able to Buy a Home
A new Gallup Poll finds only 30% of adults who don’t own a home believe they will purchase one in the next five years, while 23% say they will do so in the next 10 years and 45% don’t anticipate it happening in the foreseeable future.
Axios: Where starter homes cost at least $1 million.
Fed Expected to Hold Interest Rates Steady
“The Federal Reserve on Wednesday is set to announce its first decision on the level of interest rates since President Donald Trump last month intensified calls for lower borrowing costs and voiced eagerness about the potential ‘termination’ of Fed Chair Jerome Powell,” ABC News reports.
“Despite pressure from the White House, Powell is widely expected to hold interest rates steady, according to the CME FedWatch Tool, a measure of market sentiment.”
Xi Fortifies China’s Economy Before Trade Talks
“President Xi Jinping’s government provided a jolt to China’s economy ahead of landmark trade talks with the US, with officials unveiling a range of policies designed to strengthen Beijing’s hand in negotiations,” Bloomberg reports.
Florida Official Switches Parties
After 17 years on the Orlando City Commission, retired police officer and U.S. Marine veteran Tony Ortiz has changed his political party from Republican to Democrat, saying it “is not the Republican party I signed up with,” the Orlando Sentinel reports.
Trump’s Return Elevates Fringier Conspiracy Theories
New York Times: “People who question whether the Earth is round — a fact understood by the ancient Greeks and taught to American children in elementary school — might have been political pariahs a decade ago. Now, they’re running local Republican parties in Georgia and Minnesota and seeking public office in Alabama.”
Business Elites Hope Midterms Will Pressure Trump
Axios: “Almost every dealmaker and executive Axios spoke with bemoaned White House trade policy, at least in execution, arguing that it threatens the very golden age that Trump has promised.”
“But they also believe that the midterm elections, which don’t take place for another 18 months, will act as a bulwark.”
Trump Aides Dump Candidate in Arizona
“Three of President Trump’s top political lieutenants are abandoning the campaign of Arizona gubernatorial candidate Karrin Taylor Robson (R) amid a flap that led Trump to simultaneously endorse a second Republican in the 2026 primary,” Axios reports.
“The exodus from Robson’s campaign came after Trump’s advisers spent months urging her to air TV ads promoting his endorsement — which she’d promised to do.”
GOP Moderates Opposed to Defunding Planned Parenthood
“Moderate Republicans will likely be anti-abortion advocates’ biggest hurdle in their mission to ban federal funding from Planned Parenthood in a reconciliation package — and some are already voicing their opposition,” NOTUS reports.
“Reps. Mike Lawler, Brian Fitzpatrick and Jen Kiggans were among the moderate Republicans who made it clear to House GOP leadership that they oppose adding a measure to cut federal funding to Planned Parenthood to a reconciliation bill.”
What Concerns Joe Biden Most
BBC anchor Nick Robinson writes about his interview with Joe Biden, who had “the determined air of a man on a mission” and “seems most angry about Donald Trump’s treatment of America’s allies — in particular Ukraine’s president, Volodymyr Zelensky.”
“After just over 100 action-packed days of Trump there was no shortage of targets for President Biden to choose from.”
“But his main concern appears to be on the international stage, rather than the domestic one: that is, the threat he believes now faces the alliance between the United States and Europe which, as he puts it, secured peace, freedom and democracy for eight decades.”
Extra Bonus Quote of the Day
“Every day is a kind of Watergate at this point.”
— The Atlantic editor Jeffrey Goldberg, speaking at a journalism summit.
U.S. Discusses Leading Post-War Gaza
“The United States and Israel have discussed the possibility of Washington leading a temporary post-war administration of Gaza,” Reuters reports.
“The ‘high-level’ consultations have centered around a transitional government headed by a U.S. official that would oversee Gaza until it had been demilitarized and stabilized, and a viable Palestinian administration had emerged.”
“According to the discussions, which remain preliminary, there would be no fixed timeline for how long such a U.S.-led administration would last, which would depend on the situation on the ground.”
Republican Concedes North Carolina Supreme Court Race
“The Republican challenger for a North Carolina Supreme Court seat conceded last November’s election to Democratic incumbent Allison Riggs on Wednesday, two days after a federal judge ruled that potentially thousands of disputed ballots challenged by Jefferson Griffin must remain in the final tally,” the AP reports.
Biden Says Exiting Race Earlier Would Not Have Mattered
Former President Joe Biden told the BBC that he doesn’t know “that it would have made much difference” if he had withdrawn from the 2024 presidential race earlier.
Said Biden: “I don’t think it would have mattered. We left at a time when we had a good candidate. She was fully funded.”
He added: “It was hard to say, ‘Now I’ll stop now.’ I meant what I said when I started, that I’m preparing to hand this to the next generation, the transition government. But things moved so quickly that it made it difficult to walk away, and it was a hard decision.”
For members: Rewriting History Around Biden’s Decision to Run Again
Millions Would Lose Health Coverage Under GOP Proposals
A new CBO analysis shows that several policies Republicans are considering for slashing Medicaid spending would lead to millions of people losing health insurance coverage.
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