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Tag: iab-political issues & policy

  • US trade deficit edged up to $78.2 billion in October | CNN Business

    US trade deficit edged up to $78.2 billion in October | CNN Business


    New York
    CNN Business
     — 

    The US trade gap edged only slightly higher in October than the month before, to $78.2 billion.

    The latest reading was up just 5.4%, less than half the pace of increase from the revised September reading, when the trade deficit jumped by 12.7% to $74.1 billion.

    A strong dollar and weaker global demand weighed on exports both months. A strong dollar makes US goods more expensive to foreign buyers and it also makes imports more affordable for US buyers. But economic slowdowns in overseas markets also hit US exports in the most recent readings.

    The latest report shows exports fell 0.7% in October compared to the month before, and are down nearly 2% from the record exports set in August. Most of the drop was in the export of goods, rather than services, which fell 4.4% compared to August.

    Oil prices have come down since earlier this year, according to data released in the report. The average price of crude oil imports in the month was $82.05 a barrel, down 5.7% from September, and down 21.7% from the peak in June.

    But the United States now exports more petroleum products, by dollars, than it imports. So a lower price of crude no longer helps the trade deficit the way it might have done in the past, when crude and petroleum product imports vastly exceeded exports.

    The deficit in the movement of goods between the United States and China narrowed significantly in the latest report, falling 22.6% to $28.9 billion from $37.3 billion, one factor in the smaller trade gap increase.

    Although most of that narrowing was due to a 31.3% jump in the export of US goods to China, compared to September, a 9.5% decline in US imports of Chinese goods was also a factor in the smaller trade deficit between the two countries.

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  • Lawmakers reluctant to pursue gun control measures following Nashville school shooting | CNN Politics

    Lawmakers reluctant to pursue gun control measures following Nashville school shooting | CNN Politics



    CNN
     — 

    Monday’s deadly school shooting in Nashville has sparked a familiar cycle of condolences and calls to action among lawmakers in Washington, but both sides of the aisle have been quick to concede that the recent violence is probably not enough to sway a divided Congress to move substantive gun control efforts forward.

    After three children and three adults were killed in a shooting at a private Christian elementary school in Nashville on Monday, President Joe Biden asserted that he’s done all he can do to address gun control and urged members on Capitol Hill to act. But the shooting, so far, has not compelled lawmakers in Washington – particularly Republican leadership and some members representing Tennessee – to push forward gun control, signaling no end to the impasse within the GOP-controlled House and nearly deadlocked Senate.

    The Nashville incident was just among the latest in 130 mass shooting incidents so far this year, according to data from the national Gun Violence Archive.

    White House officials are not currently planning a major push around gun safety reform in the wake of the deadly Nashville school shooting, three senior administration officials said. But Biden and White House officials will continue to urge Congress to act.

    Biden on Tuesday told CNN’s MJ Lee, “I can’t do anything except plead with the Congress to act reasonably.”

    “I have done the full extent of my executive authority – to do on my own, anything about guns …The Congress has to act. The majority of the American people think having assault weapons is bizarre, it’s a crazy idea. They’re against that. And so I think the Congress could be passing an assault weapon ban,” he added.

    Biden has taken more than 20 executive actions on guns since taking office, including regulating the use of “ghost guns” and sales of stabilizing braces that effectively turn pistols into rifles. He also signed a bipartisan bill in 2022 which expands background checks and provides federal funding for so-called “red flag laws” – although it failed to ban any weapons and fell far short of what Biden and his party had advocated for.

    White House officials have been sober about the political realities Democrats face with the current makeup of Congress, where Republicans in control of the House have rejected Biden’s calls for an assault weapons ban. Even when both chambers of Congress were controlled by Democrats during the first two years of Biden’s term, an assault weapon ban gained little traction, in part because of a 60-vote threshold necessary for passage.

    Many Republicans in Congress, including those in positions of leadership and in the Tennessee delegation, have either been reluctant to use the deadly violence in Nashville as a potential springboard for reform or they’ve outright rejected calls for additional action on further regulating guns, arguing that there isn’t an appetite for tougher restrictions.

    On Tuesday, House Speaker Kevin McCarthy would not answer questions on whether any congressional action should be taken on guns after the shooting in Nashville. And House Majority Leader Steve Scalise, a Republican from Louisiana who survived being shot in 2017, demurred when asked if the most recent school shooting in Nashville would move Congress to address any sort of reforms.

    “I really get angry when I see people try to politicize it for their own personal agenda, especially when we don’t even know the facts,” he said when asked if his conference was prepared to do anything to address the spate of mass shootings, mentioning only improving mental health and securing schools.

    “Let’s get the facts. And let’s work to see if there’s something that we can do to help secure schools,” he added. “We’ve talked about things that we can do and it just seems like on the other side, all they want to do is take guns away from law abiding citizens. … And that’s not the answer, by the way.”

    Sen. Thom Tillis, a key GOP negotiator in last year’s bipartisan gun legislation, said on Tuesday that he doesn’t see a path forward on new gun legislation. Instead, he believes that lawmakers need to focus on implementing what has already been signed into law.

    “The full implementation is going to take months and years,” Tillis said of the gun bill that passed last summer. “There is a lot of unimplemented or to be implemented provisions in there. Let’s talk about that first.”

    House Judiciary Chairman Jim Jordan, an Ohio Republican whose committee has jurisdiction over gun policy, said Tuesday that he doesn’t think Congress should take action to limit assault weapons, though he declined to say why it’s okay to ban fully automatic rifles but not semi-automatic weapons.

    “The Second Amendment is the Second Amendment,” he continued. “I believe in the Second Amendment and we shouldn’t penalize law-abiding American citizens.”

    Sen. Lindsey Graham of South Carolina, the top Republican on the Senate Judiciary Committee, who has been involved in past negotiations on gun legislation, said: “I don’t know if there’s much space to do more, but I’ll certainly look and see.”

    Graham said he is opposed to a ban on AR-15s – which was one of the weapons the Nashville suspect used during Monday’s shooting – noting that he owns one himself and arguing that it would “be hard to implement a national red flag law.”

    Asked by CNN’s Manu Raju why he wouldn’t support a ban of AR-15s, Andy Ogles, who represents the district where Monday’s shooting took place, replied, “Why not talk about the real issue facing the country – and that’s mental health.” And Sen. Bill Hagerty, the Tennessee Republican, refused to discuss calls to ban AR-15s after the Nashville shooting.

    “The tragedy that happened in my state was the result of a depraved person and somebody very very sick. And the result has been absolutely devastating for the people in my community. Right now with the victims, the family and the people in my community – we are all mourning right now,” Hagerty told CNN.

    Asked about banning those weapons, he added: “I’m certain politics will wave into everything. But right now I’m not focused on the politics of the situation. I’m focused on the victims.

    Tennessee GOP Rep. Tim Burchett told reporters that “laws don’t work” to curb gun violence.

    “We want to legislate evil – it’s just not gonna happen,” he said. “If you think Washington is going to fix this problem, you’re wrong. They’re not going to fix this problem. They are the problem.”

    Asked by CNN why private citizens need AR-15s, Burchett pointed to self-defense. He also argued that even though other countries don’t observe the United States’ high frequency of shootings, “other countries don’t have our freedom either … And when people abuse that freedom, that’s what happens.”

    Meanwhile, some Democrats in Congress are slamming House Republicans for their disinterest.

    “As a country and as a Congress, we can do better and we know that, so shame on Speaker McCarthy for not bringing something up, for not announcing that we can and do more. All we’re going to get are thoughts and prayers out of their Twitter accounts, and that’s not enough” Democratic Caucus Chairman Pete Aguilar of California said during a press conference.

    On the other side of the Capitol, however, Senate Majority Whip Dick Durbin told reporters that he is “not very hopeful” that the Senate can pass gun legislation this Congress.

    “I’m not very hopeful, yet we have to try,” he said.

    Connecticut Democratic Sen. Richard Blumenthal called on Senate Majority Leader Chuck Schumer to force a vote on a semi-automatic weapons ban to put Republicans on the record.

    “We need a fight in Congress, and I’m prepared to conduct that fight, others are as well,” he told CNN. “And ultimately the American people deserve to know where each of us stands on common sense gun violence prevention.”

    Schumer would not say whether he intends to put legislation banning assault weapons on the Senate floor for a vote this Congress. There is nowhere close to enough support to overcome a legislative filibuster.

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  • The Tennessee expulsions reveal the core divide in US politics. Here’s why. | CNN Politics

    The Tennessee expulsions reveal the core divide in US politics. Here’s why. | CNN Politics



    CNN
     — 

    Rarely have the tectonic plates of American politics collided as visibly and explosively as they did earlier this month in Tennessee.

    The procession of predominantly middle-aged or older White Republicans who rose almost two weeks ago in the Tennessee House of Representatives to castigate, and then expel, two young Black Democrats crystallized the overlapping generational and racial confrontation that underpins the competition between the political parties.

    The Republican vote to expel those Black Democratic representatives, Justin Pearson and Justin Jones, encapsulated in a single moment the struggle for control over America’s direction between the nation’s increasingly diverse younger generations and its mostly White older cohorts. While kids of color now comprise just over half of all Americans younger than 18, Whites still constitute about three-fourths of the nation’s seniors, according to Census data analyzed by William Frey, a demographer at Brookings Metro.

    That stark division – what Frey terms “the cultural generation gap” and I’ve called the competition between “the brown and the gray” – has become a central fault line in the nation’s politics. Particularly in the Donald Trump era, the Republican coalition has grown increasingly reliant on older Whites, while younger people of color are evolving into a critical component of the Democratic voting base.

    The priorities and values of these two giant cohorts often clash most explosively in red states across the South and Southwest, like Tennessee, where Republicans now control state government. In those states, Republicans are moving aggressively to lock into law the policy preferences of their older, predominantly White and largely non-urban and Christian electoral coalition. That agenda often collides directly with the views of younger generations on issues including abortion, LGBTQ rights, limits on classroom discussion of race, gender and sexual orientation, book bans, and gun control.

    Across the red states, the conditions are coalescing for years of escalating conflict between these divergent generations. From one direction, the Republicans controlling these states are applying increasingly hardball tactics to advance their policy agenda and entrench their electoral advantage. That strategy includes severe gerrymanders that dilute the influence of urban areas where younger voters often congregate, laws that create obstacles to registering and voting, and extreme legislative maneuvers such as the vote to expel Pearson and Jones. What Republicans in Tennessee and other red states “are trying to do is minimize the voices – minimize the sound, minimize the protest, and continue to oppress folks who do not agree,” says Antonio Arellano, vice president for communications at NextGen America, a group that organizes young people for liberal causes.

    From the other direction, the youngest Millennials and first representatives of Generation Z moving into elected office are throwing themselves more forcefully against these GOP fortifications – just as Jones and Pearson have done. These young, elected officials have been shaped by the past decade of heightened public protests, many of them led by young people, particularly around gun safety, climate change, and racial equity. And more of them are bringing that ethos of direct action into the political arena – as Jones and Pearson did by leading a gun control protest on the floor of the Tennessee legislature. “This generation of politicians have been socialized through the crucible of Black Lives Matter and the [Donald] Trump era and political polarization,” says Andra Gillespie, a political scientist at Emory University in Atlanta who studies race and politics. “So it’s not surprising that they are usually going to be confrontational.”

    In the red states, this rising wave of urgency and militancy among younger progressives is crashing headlong into the fortifications Republicans are erecting to solidify their control. Even with the ardor evident from Jones, Pearson and their supporters in Tennessee, most observers agree it will be very difficult any time soon for “the brown” to loosen the grip of “the gray” over political power in almost any of the red states. “In the short term there isn’t a risk” to the GOP’s hold on the red states, said Gillespie, “which is why you see these legislators flexing their power in the way they are.” And that could be a recipe for more tension in those places as the diverse younger generations constitute a growing share of the workforce and tax base, yet find their preferences systematically denied in the decisions of their state governments.

    Like many analysts, Melissa Deckman, chief executive officer of the non-partisan Public Religion Research Institute, predicts that “what we saw in Tennessee was the first salvo” of escalating conflict as older white conservatives, especially in the red states, resist the demands for greater influence from the emerging younger generations. “An overwhelmingly White conservative legislature taking this remarkable and drastic step of expelling the two young African-Americans,” she says, “is a taste of what we are going to see in the future driven by those demographic changes.”

    Those demographic changes are rooted in the generational transition rumbling through American life. Though the tipping point has drawn little attention, Frey has calculated that a majority of the nation’s population has now been born after 1980. And those younger generations are kaleidoscopically more diverse than their older counterparts.

    The change is most visible on race. Because the US essentially shut off immigration between 1924 and 1965, nearly three-fourths of baby boomers (born between 1946 and 1964) are White, as are more than three-fourths of the remaining seniors from the older generations before them, according to Frey’s figures. By contrast, Frey has calculated, people of color comprise well over two-fifths of Millennials (born between 1981 and 1996), just under half of Generation Z (born between 1997 and 2012) and slightly more than half the youngest generation born since 2012. That youngest generation (sometimes called Generation Alpha) will be the first in American history in which racial “minorities” constitute the majority.

    The transition extends to other dimensions of personal identity. The Public Religion Research Institute has calculated that while just 17% of Americans aged 65 or older and 20% of those aged 50-64 do not identify with any organized religion, the share of those “seculars” rises to 32% among those aged 30-49 and 38% among adults 18-29. In turn, while White Christians constitute about half of all adults aged 50-64 and three-fifths of seniors, they comprise only about one-third of those aged 30-49 and only one-fourth of the youngest adults.

    Gender identity and sexual orientation follow the same tracks. Gallup has found that while less than 3% of baby boomers and only 4% of Generation X (born 1965-1980) identify as LGBTQ, that figure jumps to nearly 11% among Millennials and fully 21% among Generation Z. In all these ways, says Deckman, who is writing a book on Gen Z, “you have a younger group of Americans who are more diverse, less religious, care passionately about the rights of marginalized groups, and are watching rights taken away that they thought would always be there.”

    Though the pace and intensity varies, these changes are affecting all corners of the country. Even in states where the GOP has consistently controlled most state offices such as Texas, Florida, Georgia, Arizona, and North Carolina, the share of adults younger than 45 who are unaffiliated with any religion now equals or exceeds the share who are White Christians, according to detailed results PRRI provided to CNN. By contrast, in those states’ over-45 population, White Christians are at least twice, and often three times, as large a share of the population as seculars.

    Frey has found that in every state the youth population 18 and younger is now more racially diverse than the senior population 65 and older. From 2010 to 2020, in fact, every state except Utah and North Dakota (as well as Washington, DC) saw a decline in their total population of White kids younger than 18. Kids of color now comprise a majority of the youth population in 14 states and at least 40% in another dozen, Frey has found.

    States on that list include many of the places where Republicans have been most forcefully imposing a staunchly conservative social agenda. Kids of color already represent about half or more of the youth population in Texas, Florida, Georgia, Oklahoma, Mississippi, South Carolina and Arizona and about two-fifths or more in several others, including Tennessee, Alabama and Arkansas. In many of those states the share of seniors who are White is at least 20 percentage points higher than the share of young people.

    A similarly large “cultural generation gap” is also evident in many blue states, including Nevada, California, Colorado, Washington and Minnesota. The difference is that in states where Democrats are in control, the diverse younger generations are, however imperfectly, included in the political coalition setting state policy. Political analysts in both parties – from Republican pollster Kristen Soltis Anderson to Democratic strategist Terrance Woodbury – point out that Democrats have their own problems with younger voters, who have never been enthusiastic about President Joe Biden, and are expressing disappointment that the party hasn’t made more progress on issues they care about. But in blue states the direction of policy on most key social issues, such as abortion, gun control and LGBTQ rights, aligns with the dominant views among younger generations. And in most blue states, Democrats have prioritized increasing youth turnout and, in many cases, reformed state election laws to ease registration and voting.

    But in the red states, younger voters, especially younger voters of color, are largely excluded from the ruling Republican coalitions, which revolve preponderantly around Whites, especially those who are older, Christian, non-college and non-urban. In 2022, for instance, 80% of younger non-white voters (aged 45 or less) voted against Republican Gov. Brian Kemp in Georgia, 65% voted against GOP Gov. Greg Abbott in Texas, and 55% opposed Gov. Ron DeSantis in Florida, according to exit poll results provided by Edison Research. Yet all three men won decisive reelections, in large part because each carried about seven-in-ten or more of Whites older than 45.

    In some ways, the generational tug of war between the brown and the gray symbolized by the Tennessee expulsions represents the classic collision between an irresistible force and an immovable object. In this case, the irresistible force is the growth in the electorate of the diverse younger generations. In 2020, for the first time, Millennials and Generation Z constituted as large a share of eligible voters nationwide as did the Baby Boom and its elders – though those older generations, because they turned out at much higher rates, still represented a larger percentage of actual voters. In 2024, Frey has projected, Millennials and Gen Z will comprise a significantly larger share of eligible voters than the boomers and their elders – enough that they will likely equal them as a share of actual voters. Already in several states, kids of color comprise a majority of those who turn 18 each year and become eligible to vote; Frey projects that will be true for the nation overall by 2024.

    The immovable object is the GOP control over the red states. That’s partly because of the changes in electoral rules Republicans have imposed that create obstacles to registration or voting, but also because of their dominance among older Whites and their inroads into culturally conservative Latino voters in some of these states, particularly Texas and Florida.

    Another challenge for Democrats is that youth turnout is often lowest in red states. Though youth turnout also lagged in some blue states including New York and Rhode Island, in an analysis released earlier this month the Center for Information & Research on Civic Learning and Engagement (CIRCLE) at Tufts University found that red states comprised all nine states where the smallest share of eligible adults aged 18-29 cast a ballot; Tennessee ranked the lowest of the states for which CIRCLE has data. Red states also have erected many of the most overt obstacles to youth participation. Eight Republican-controlled states, including Tennessee, Texas and recently Idaho, have sent a clearly discouraging signal to young voters by declaring that student IDs cannot be used as identification under state voter ID laws. A Texas Republican state legislator this year has proposed banning polling places on college campuses.

    Abby Kiesa, CIRCLE’s deputy director, says that in both blue and red states, laws and social customs act in reinforcing ways to either promote or discourage youth voting. “The infrastructure and the state laws” in states that encourage youth voting like Michigan, Oregon and Colorado “create a stronger culture of engagement,” she said. “Because more people are voting, it is more of a norm, people are talking about it more, and it becomes a self-fulfilling prophecy.” In states with pronounced barriers to voting, she notes, an opposite cycle of disengagement can take hold.

    The unlikelihood of overcoming the GOP’s red state electoral defenses in the near term will probably encourage more younger progressives to emphasize public protests, like the raucous rally for gun control that began the Tennessee confrontation, predicts Nse Ufot, who formerly led the New Georgia Project launched by Stacey Abrams.

    “The young people in Tennessee … went to their legislators and said enough, and they had accountable, accessible leaders who heard what their demands were and took it to their colleagues and their colleagues didn’t like it,” says Ufot, who has now founded the New South Super PAC, designed to elect progressive candidates in the 11 states of the old confederacy.

    Ufot uses a striking analogy to express her expectation of how this struggle will unfold in the coming years across the red states. Her mother, she explained, ran a shelter for battered women, and even as a young girl, she came to recognize “that the most dangerous time for victims of abuse is when they are preparing to leave, when they have made up their minds that they are done and they are making their exits. That when we see their abusers escalate to crazy tactics.”

    Ufot sees the Tennessee expulsions, like the January 6, 2021, attack on the Capitol and Trump’s broader effort to overturn the 2020 result, as evidence that those “who are afraid of what a diverse, reflective, democracy looks like” will likewise turn to more extreme responses as the challenge to their position grows more acute. But she also sees the movement that erupted around Pearson and Jones as a preview of how younger generations may resist that offensive. “Instead of responding with resignation like people who have come before them, [the two expelled representatives] have chosen to do something about it,” she said. “And that’s what happens when you are forged in the fire of protest and are accountable to the people [you represent].”

    As the Republicans now running the red states race to the right, and younger generations lean harder on direct protest, more forging fires across this contested terrain appear inevitable.

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  • Inside the Treasury Department team monitoring early economic warning signs as default threat looms | CNN Politics

    Inside the Treasury Department team monitoring early economic warning signs as default threat looms | CNN Politics



    CNN
     — 

    Nearly five months before the US was projected to hit the debt ceiling, a small team inside the Treasury Department began alerting top officials to early effects already being felt in the US financial system.

    The cost of insuring US debt, as measured by the price of credit-default swaps, was rising – a sign that investors were beginning to view US bonds and other securities as increasingly risky.

    That early warning – and subsequent ones over the last month as the swaps pricing has surged – came out of the Treasury Department’s Markets Room and its eponymous team of nine financial analysts who are responsible for monitoring and analyzing global financial markets to inform the policy work of top Treasury Department and White House officials.

    As the US rapidly approaches a potential default date in early June, top US officials are increasingly relying on the Markets Room to monitor for signs of disruption in the financial markets.

    “In the same way that a doctor wants to understand the vital signs of a patient as they’re thinking about how to treat them, at Treasury keeping abreast of understanding the various ways in which the economy is healthy or unhealthy. And part of that is understanding the market,” Deputy Treasury Secretary Wally Adeyemo told CNN in an interview.

    “So, we’re spending a lot of time with them better understanding what the costs are today, in order to make sure that we’re in a position to share that information with Congress, in order to prevent us from getting into a position where for the first time in our history, we’re unable to pay all of our obligations on time.”

    That work begins each day before dawn, when staffers take turns waking up around 3:30 a.m. ET to compile data about overnight market developments and begin making calls to contacts working in European and Asian markets.

    At around 7 a.m. ET, those data and insights land in the inboxes of top policymakers at the White House and Treasury Department.

    At 9 a.m. ET, before the US markets open, Treasury Secretary Janet Yellen and her senior leadership team huddle virtually with the Markets Room and other key Treasury Department aides for a briefing on the state of the financial markets and issues to watch for that day.

    “Almost every American is influenced by what’s happening around the globe and global markets either through your 401(k), or your attempt to borrow money for your small business or for your home. So, this team of individuals, every morning, provides us a briefing and an update on what’s happening around the world,” Adeyemo said.

    In recent weeks, that daily briefing has heavily focused on reverberations of the debt limit standoff, from updates on auctions of Treasury bills to market reactions and commentary from market analysts and economists.

    Much of the rest of the day is spent monitoring developments in the financial markets and fielding inquiries from top policymakers at Treasury and the White House for analysis on those developments.

    And at the end of the day, the Markets Room also helps policymakers digest the biggest developments in the financial markets with another widely read one-page memo delivered after the US markets close and before the Asian markets open.

    Beyond the Treasury Department, a White House spokesperson said the unit’s twice-daily memos are “a valuable asset” for officials at the National Economic Council and Council of Economic Advisers.

    “Those offices also rely on the Markets Room’s real-time updates – either in memos or meetings – when more regular monitoring is warranted,” the spokesperson said.

    Officials say the Markets Room is focused on monitoring the global economy’s recovery from the pandemic-induced recession, lingering inflation and the trajectory of the global economy.

    Albert Lee, the Markets Room director, described the unit as an early warning system on the global financial system for top US policymakers.

    In the early days of the coronavirus pandemic, the team was among the first to sound alarm bells inside the federal government about early shocks in pockets of the financial system and predicting rate cuts from the Federal Reserve.

    The team also played a critical role during the banking crisis earlier this year, tracking the sharp selloff of stock and outflows of deposit at Silicon Valley Bank that ultimately triggered the bank’s collapse.

    As the Treasury Department acted to address the second-largest bank failure in US history and prevent any spillover effects in the banking sector, top Treasury Department officials leaned on the Markets Room team to track the feedback of their policy actions.

    “It was critically important for us to understand how markets were interpreting the actions that we took that made clear to the American people that your deposits were safe,” Adeyemo said. “We were monitoring signs of distress in the banking sector.”

    With one week until the government can potentially no longer pay its bills, the US stock market is only just beginning to show signs of concern about a potential default and Treasury officials say the team is focused on tracking further reactions from the stock market as well as the Treasury securities market.

    The stock market’s reaction has, up until now, been relatively muted – especially as compared to the 17% drop the S&P 500 suffered amid the 2011 debt ceiling crisis. But Treasury officials say volatility in the securities market is already affecting the federal government, raising the cost to borrow.

    Yields on short-term Treasury securities have surged and recent auctions for securities are leaving a heftier price tag for the federal government, which Adeyemo said recently incurred $80 million in additional costs for a recent auction of Treasury bills.

    “So, the cost of borrowing has already gotten more expensive when it comes to us borrowing in the short term for the US government,” Adeyemo said. “So as the debt limit manufactured crisis goes on, and costs go up for the government, it also means that costs will go up for the American people as well.”

    Adeyemo declined to disclose what contingencies are being prepared should the US default. But when the US faced a similar standoff on the debt in 2011, Federal Reserve officials and Treasury Department officials quietly prepared a plan to prioritize payments on US debt and delay paying other government bills and obligations, like Social Security and payments to veterans, according to transcripts of a central bank meeting released in 2017.

    “The most important thing for the American people, for our country, for our credibility, not only with our creditors, but with the American people is to pay all of our bills on time. That’s what our system is built to do,” Adeyemo said. “I’ve spent a good part of a decade working here at the Treasury Department. What I can tell you is that there’s no plan that would allow us to meet all of our commitments other than Congress, raising the debt limit.”

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  • Gaming the government is not going well | CNN Politics

    Gaming the government is not going well | CNN Politics

    A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here.



    CNN
     — 

    Governing is not, or at least it shouldn’t be, some kind of game.

    But this week it feels like powerful people are treating it like one, running trick plays to score points, trash talking and making threats, and exploiting rules to bring things to a halt.

    In Florida, a brewing grudge match pits Disney, one of the state’s largest employers, against its governor, the ambitious Republican Ron DeSantis who is eyeing a presidential run.

    How the state government’s relationship with its notable corporate citizen turned petty is getting hard to follow.

    The basic storyline, as laid out by CNN’s Steve Contorno, is that Disney spoke out against a law DeSantis pushed to limit what teachers can say in the classroom. Faulting its “woke” corporate behavior, DeSantis and Republicans in the state moved to install their political allies onto a quasi-government board that oversees the area that includes Disney World. But the company moved to defang the board before the new appointees took on their roles.

    Rather than sending a message to Disney, DeSantis now looks outmaneuvered and is threatening more action against the company.

    It’s not clear if he’s serious or not, but the most bizarre idea he suggested is building a state prison on public land next to the Magic Kingdom. Watch him here.

    The appearance of a Republican potentially trying to sabotage a massive employer is the kind of play DeSantis’ potential rivals for the Republican presidential nomination are happy to point out.

    “I think it rightfully makes a lot of people question his judgment and his maturity,” former New Jersey Gov. Chris Christie said Tuesday in a conversation with the website Semafor.

    Christie said if DeSantis “can’t see around a corner that (Disney CEO) Bob Iger created for you,” then “that’s not the guy I want sitting across from President Xi and negotiating our next agreement with China.”

    In Washington, where the Senate rulebook has been befuddling people for centuries, Republicans are citing the Senate rules and making clear they won’t let Democrats replace, even temporarily, the ailing Sen. Dianne Feinstein on the Senate Judiciary Committee.

    Feinstein, 89, has been out of the office since early March while dealing with a case of the shingles. But since Democrats only have a one-seat majority on the panel, her absence has ground judicial nominations to a halt.

    For a rules-minded guy like Senate Minority Leader Mitch McConnell, another octogenarian just returning from his own month-plus convalescence after a fall, there’s no need to let Democrats get another vote on the committee and push through scores of nominations caught in limbo. McConnell suggested if Democrats culled the herd of nominees, they might get some confirmed.

    “They could move a number of less controversial nominees right now. Right now,” he said Tuesday on the Senate floor. “They want to sideline Senator Feinstein, so they can ram through the worst four as well.”

    Various Senate rules have been confusing people for centuries. Even if Feinstein were to resign, Sen. Mitt Romney suggested Tuesday that Republicans could block changes to the Senate Judiciary Committee.

    “I don’t think Republicans are going to lift a finger in any way to get more liberal judges appointed, so whether she’s resigned or leaves temporarily from the judiciary committee, I think we will slow walk any process that makes it easier to appoint more liberal judges,” Romney said.

    Feinstein’s absence isn’t the only problem, as CNN’s Tierney Sneed and Lauren Fox have pointed out, since Republican senators can also use the “blue slip” tradition to veto judicial nominees the Biden administration has put forward for their states.

    If the importance of judicial nominees is still in question, look no further than the furor that a Trump-appointed federal judge has caused by ruling to suspend the 23-year-old FDA authorization for mifepristone, the first drug used in a medication abortion.

    The decision by Judge Matthew Kacsmaryk out of the federal court in Amarillo, Texas, has sent the abortion issue straight back to the Supreme Court, which is expected to rule by Wednesday in a case that could remove nationwide access to a medication that American women have been using for decades, even in states that have sought to protect abortion rights.

    Kacsmaryk was all but selected by opponents of the drug to hear the case since he is the only federal district judge in Amarillo.

    It’s not the rulebook, but rather the teamwork making House Speaker Kevin McCarthy’s life difficult. He wanted to send a message of unity to Wall Street with a speech there Monday. His goal was to calm nerves about the looming debt ceiling showdown and project that Republicans have a plan to raise the debt ceiling and impose spending cuts. Their plan probably won’t get any support from Democrats.

    But almost on cue Tuesday, conservative Republicans began to poke holes in McCarthy’s plan, calling it into question as the US hurtles toward a potential default if there is no debt ceiling agreement by June. McCarthy, at least for now, seems disinclined to allow a vote on any proposal that could get support from Democrats in the House. And he seems unable to find a proposal that can get all Republicans on board. Those Senate rules make it impossible for anything to pass through that chamber without support from ten Republicans, so long as Feinstein is not voting. Read more from CNN’s Stephen Collinson.

    Suffice it to say the debt ceiling, the abortion medication and Disney’s status in Florida are issues where there’s not a winner and a loser, even if they’re being treated that way by the powerful people who are supposed to be in charge.

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  • Here’s how the 14th Amendment factors into the debt ceiling debate | CNN Politics

    Here’s how the 14th Amendment factors into the debt ceiling debate | CNN Politics



    CNN
     — 

    As the stalemate over addressing the debt ceiling continues and the threat of default looms larger, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.

    How could a 145-year-old change to the US Constitution that gave citizenship to former slaves serve as a path out of the debt ceiling drama? Government officials and legal authorities are divided over whether it does.

    Some experts, including Laurence H. Tribe of Harvard Law School, point to Section 4 of the amendment as the basis of their argument that the president has the authority to order the nation’s debts be paid regardless of the debt limit Congress put in place more than 100 years ago.

    “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned,” reads the section, which refers to the debt incurred by the Union to fight the Civil War.

    Lawmakers who crafted the amendment are very strongly saying that once the US borrows money, it has to pay it back, said Garrett Epps, a constitutional law professor at the University of Oregon. The section was designed to remove debt payments from potential post-war partisan bickering between the North and South, but it also applies to the wide divide between Democrats and Republicans today.

    “The federal government is required to pay the debt on time in full,” said Epps, who has long supported using this option in the event Congress refuses to raise the debt ceiling.

    Were Biden to invoke the 14th Amendment to allow Treasury to borrow above the debt ceiling to pay the nation’s obligations, it would almost certainly prompt a constitutional crisis and swift legal action. The president acknowledged as much, saying that he doesn’t think it would solve the current problem.

    “I’ll be very blunt with you, when we get by this, I’m thinking about taking a look at, months down the road, as to see whether what the court would say about whether or not it does work,” Biden said Tuesday after meeting with congressional leaders about the impasse.

    Treasury Secretary Janet Yellen, who has warned lawmakers that the government may default on its obligations as soon as June 1, also poured cold water on the idea.

    “There would clearly be litigation around that. It’s not a short-run solution,” Yellen said at a news conference Thursday when asked about the 14th Amendment. “It’s legally questionable whether or not that’s a viable strategy.”

    She declined to rank where invoking the 14th Amendment would fall in the list of options if Congress failed to act.

    “There are choices to be made, if we got into that situation,” she said. “But as you think about each possible thing that we could do, the answer is there is no good alternative that will save us from catastrophe. The only reasonable thing is to raise the debt ceiling and to avoid the dreadful consequences that will come if we have to make those choices.”

    Prior administrations also considered invoking the 14th Amendment but deemed it unworkable. They never had to pursue it since Congress always acted in time.

    Doing so, however, would not avoid calling into question the safety of US Treasury securities and would put the nation at risk, former Treasury Secretary Jack Lew, who served in the Obama administration, said at a Council on Foreign Relations event last month.

    “It was not meant to be a broad grant of power,” he said. “Whether you could come up with a theory that you could convince a court was legitimate, I think it’s just a risky thing to do.”

    Invoking the 14th Amendment would also open the door to potential abuse of presidential power by allowing the executive branch to circumvent Congress, said Philip Wallach, senior fellow at the right-leaning American Enterprise Institute. And it could forever end the ability of lawmakers to negotiate with the president over the debt ceiling.

    “Every time you take these actions that empower the president at the expense of Congress and at the expense of the political process, you need to ask yourself, am I going to be happy about the consequences of this the next time, when the other side’s party is sitting in the White House?” Wallach said.

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  • Fact check: Biden makes 5 false claims about guns, plus some about other subjects | CNN Politics

    Fact check: Biden makes 5 false claims about guns, plus some about other subjects | CNN Politics


    Washington
    CNN
     — 

    President Joe Biden made false claims about a variety of topics, notably including gun policy, during a series of official speeches and campaign remarks over the last two weeks.

    He made at least five false claims related to guns, a subject on which he has repeatedly been inaccurate during his presidency. He also made a false claim about the extent of his support from environmental groups. And he used incorrect figures about the population of Africa, his own travel history and how much renewable energy Texas uses.

    Here is a fact check of these claims, plus a fact check on a Biden exaggeration about guns. The White House declined to comment on Tuesday.

    Beau Biden and red flag laws

    In a Friday speech at the National Safer Communities Summit in Connecticut, Biden spoke of how a gun control law he signed in 2022 has provided federal funding for states to expand the use of gun control tools like “red flag” laws, which allow the courts to temporarily seize the guns of people who are deemed to be a danger to themselves or others. After mentioning red flag laws, Biden invoked his late son Beau Biden, who served as attorney general of Delaware, and said: “As my son was the first to enforce when he was attorney general.”

    Facts First: Biden’s claim is false. Delaware did not have a red flag law when Beau Biden was state attorney general from 2007 to 2015. The legislation that created Delaware’s red flag program was named the Beau Biden Gun Violence Prevention Act, but it was passed in 2018, three years after Beau Biden died of brain cancer. (In 2013, Beau Biden had pushed for a similar bill, but it was rejected by the state Senate.) The president has previously said, correctly, that a Delaware red flag law was named after his son.

    Delaware was far from the first state to enact a red flag law. Connecticut passed the first such state law in the country in 1999.

    Stabilizing braces

    In the same speech, the president spoke confusingly of his administration’s effort to make it more difficult for Americans to purchase stabilizing braces, devices that are attached to the rear of pistols, most commonly AR-15-style pistols, and make it easier to fire them one-handed.

    “Put a pistol on a brace, and it…turns into a gun,” Biden said. “Makes them where you can have a higher-caliber weapon – a higher-caliber bullet – coming out of that gun. It’s essentially turning it into a short-barreled rifle, which has been a weapon of choice by a number of mass shooters.”

    Facts First: Biden’s claims that a stabilizing brace turns a pistol into a gun and increases the caliber of a gun or bullet are false. A pistol is, obviously, already a gun, and “a pistol brace does not have any effect on the caliber of ammunition that a gun fires or anything about the basic functioning of the gun itself,” said Stephen Gutowski, a CNN contributor who is the founder of the gun policy and politics website The Reload.

    Biden’s assertion that the addition of a stabilizing brace can “essentially” turn a pistol into a short-barreled rifle is subjective; it’s the same argument his administration’s Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has made in support of its attempt to subject the braces to new controls. The administration’s regulatory effort is being challenged in the courts by gun rights advocates.

    Gun manufacturers and lawsuits

    Repeating a claim he made in his 2022 State of the Union address and on other occasions, Biden said at a campaign fundraiser in California on Monday: “The only industry in America you can’t sue is the – is the gun manufacturers.”

    Facts First: Biden’s claim is false, as CNN and other fact-checkers have previously noted. Gun manufacturers are not entirely exempt from being sued, nor are they the only industry with some liability protections. Notably, there are significant liability protections for vaccine manufacturers and, at present, for people and entities involved in making, distributing or administering Covid-19 countermeasures such as vaccines, tests and treatments.

    Under the 2005 Protection of Lawful Commerce in Arms Act, gun manufacturers cannot be held liable for the use of their products in crimes. However, gun manufacturers can still be held liable for (and thus sued for) a range of things, including negligence, breach of contract regarding the purchase of a gun or certain damages from defects in the design of a gun.

    In 2019, the Supreme Court allowed a lawsuit against gun manufacturer Remington Arms Co. to continue. The plaintiffs, a survivor and the families of nine other victims of the Sandy Hook Elementary School mass shooting, wanted to hold the company – which manufactured the semi-automatic rifle that was used in the 2012 killing – partly responsible by targeting the company’s marketing practices, another area where gun manufacturers can be held liable. In 2022, those families reached a $73 million settlement with the company and its four insurers.

    There are also more recent lawsuits against gun manufacturers. For example, the parents of some of the victims and survivors of the 2022 massacre at an elementary school in Uvalde, Texas, have sued over the marketing practices of the company that made the gun used by the killer. Another suit, filed by the government of Buffalo, New York, in December over gun violence in the city, alleges that the actions of several gun manufacturers and distributors have endangered public health and safety. It is unclear how those lawsuits will fare in the courts.

    – Holmes Lybrand contributed to this item.

    The NRA and lawsuits

    At a campaign fundraiser in California on Tuesday, Biden said the National Rifle Association, the prominent gun rights advocacy organization, itself cannot be sued.

    “And the fact that the NRA has such overwhelming power – you know, the NRA is the only outfit in the nation that we cannot sue as an institution,” Biden said. “They got – they – before this – I became president, they passed legislation saying you can’t sue them. Imagine had that been the case with tobacco companies.”

    Facts First: Biden’s claim is false. While gun manufacturers have liability protections, no law was ever passed to forbid lawsuits against the NRA. The NRA has faced a variety of lawsuits in recent years.

    Machine guns

    At the same Tuesday fundraiser in California, Biden said that he taught the Second Amendment in law school, “And guess what? It doesn’t say that you can own any weapon you want. It says there are certain weapons that you just can’t own.” One example Biden cited was this: “You can’t own a machine gun.”

    Facts First: Biden’s claim is false. The Second Amendment does not explicitly say people cannot own certain weapons – and the courts have not interpreted it to forbid machine guns. In fact, with some exceptions, people in more than two-thirds of states are allowed to own and buy fully automatic machine guns as long as those guns were legally registered and possessed prior to May 19, 1986, the day President Ronald Reagan signed a major gun law. There were more than 700,000 legally registered machine guns in the US as of May 2021, according to official federal data.

    Federal law imposes significant national restrictions on machine gun purchases, and the fact that there is a limited pool of pre-May 19, 1986 machine guns means that buying these guns tends to be expensive – regularly into the tens of thousands of dollars. But for Americans in most of the country, Biden’s claim that you simply “can’t” own a machine gun, period, is not true.

    “It’s not easy to obtain a fully automatic machine gun today, I don’t want to give that impression – but it is certainly legal. And it’s always been legal,” Gutowski said in March, when Biden previously made this claim about machine guns.

    California, where Biden made this remark on Tuesday, has strict laws restricting machine guns, but there is a legal process even there to apply for a state permit to possess one.

    The ‘boyfriend loophole’

    In the Friday speech to the National Safer Communities Summit, Biden said “we fought like hell to close the so-called boyfriend loophole” that had allowed people convicted of misdemeanor domestic violence to buy and possess guns if the victim was not someone they were married to, living with or had a child with. Biden then said that now “we finally can say that those convicted of domestic violence abuse against their girlfriend or boyfriend cannot buy a firearm, period.”

    Facts First: Biden’s categorical claim that such offenders now “cannot buy a firearm, period” is an exaggeration, though Biden did sign a law in 2022 that made significant progress in closing the “boyfriend loophole.” That 2022 law added “dating” partners to the list of misdemeanor domestic violence offenders who are generally prohibited from gun purchases – but in a concession demanded by Republicans, the law says these offenders can buy a gun five years after their first conviction or completion of their sentence, whichever comes later, if they do not reoffend in the interim.

    It’s also worth noting that the law’s new restriction on dating partners applies only to people who committed the domestic violence against a someone with whom they were in or “recently” had been in a “continuing” and “serious” romantic or intimate relationship. In other words, it omits people whose offense was against partners from their past or someone they dated casually.

    Marium Durrani, vice president of policy at the National Domestic Violence Hotline, said there are “definitely some gaps” in the law, “so it’s not a blanket end-all be-all,” but she said it is “really a step in the right direction.”

    Biden said at a campaign rally in Philadelphia on Saturday: “Let me just say one thing very seriously. You know, I think this is the first time – and I’ve been around, as I said, a while – in history where, last week, every single environmental organization endorsed me.”

    Facts First: It’s not true that every single environmental organization had endorsed Biden. Four major environmental organizations did endorse him the week prior, the first time they had issued a joint endorsement, but other well-known environmental organizations have not yet endorsed in the presidential election.

    The four groups that endorsed Biden together in mid-June were the Sierra Club, NextGen PAC, and the campaign arms of the League of Conservation Voters and the Natural Resources Defense Council. That is not a complete list of every single environmental group in the country. For example, Environmental Defense Fund, The Nature Conservancy, the National Audubon Society, Earthjustice and Greenpeace, in addition to some lesser-known groups, have not issued presidential endorsements to date.

    Biden’s claim of an endorsement from every environmental group comes amid frustration from some activists over his recent approvals of fossil fuel projects.

    In official speeches last Tuesday and last Wednesday and at a press conference the week prior, Biden claimed that Africa’s population would soon reach 1 billion. “You know, soon – soon, Africa will have 1 billion people,” he said last Wednesday.

    Facts First: This is false. Africa’s population exceeded 1 billion in 2009, according to United Nations figures; it is now more than 1.4 billion. Sub-Saharan Africa alone has a population of more than 1.1 billion.

    At a campaign fundraiser in Connecticut on Friday, Biden spoke about reading recent news articles about the use of renewable energy sources in Texas. He said, “I think it’s 70% of all their energy produced by solar and wind because it is significantly cheaper. Cheaper. Cheaper.”

    Facts First: Biden’s “70%” figure is not close to correct. The federal Energy Information Administration projected late last year that Texas would meet 37% of its electricity demand in 2023 with wind and solar power, up from 30% in 2022.

    Texas has indeed been a leader in renewable energy, particularly wind power, but the state is far from getting more than two-thirds of its energy from wind and solar alone. The organization that provides electricity to 90% of the state has a web page where you can see its current energy mix in real time; when we looked on Wednesday afternoon, during a heat wave, the mix included 15.8% solar, 10.2% wind and 6.6% nuclear, while 67.1% was natural gas or coal and lignite.

    In his Friday speech at the National Safer Communities Summit, Biden made a muddled claim about his past visits to Afghanistan and Iraq – saying that “you know, I spent a lot of time as president, and I spent 30-some times – visits – many more days in Afghanistan and Iraq.”

    Facts First: Biden’s claim that he has visited Afghanistan and Iraq “30-some times” is false – the latest in a long-running series of exaggerations about his visits to the two countries. His presidential campaign said in 2019 that he made 21 visits to these countries, but he has since continued to put the figure in the 30s. And he has not visited either country “as president.”

    At another campaign fundraiser in California on Monday, Biden reprised a familiar claim about his travels with Chinese leader Xi Jinping, who is, like him, a former vice president.

    “It wasn’t appropriate for Barack to be able to spend a lot of time getting to know him, so it was an assignment I was given. And I traveled 17,000 miles with him, usually one on one,” Biden said.

    Facts First: Biden’s “17,000 miles” claim remains false. Biden has not traveled anywhere close to 17,000 miles with Xi, though they have indeed spent lots of time together. This is one of Biden’s most common false claims as president, a figure he has repeated over and over in speeches despite numerous fact checks.

    Washington Post fact-checker Glenn Kessler noted in 2021 that Biden and Xi often did not even travel parallel routes to their gatherings, let alone physically travel together. The only apparent way to get Biden’s mileage past 17,000, Kessler found, is to add the length of Biden’s flight journeys between Washington and Beijing, during which Xi was not with him.

    A White House official told CNN in early 2021 that Biden was adding up his “total travel back and forth” for meetings with Xi. But that is very different than traveling “with him” as Biden keeps saying, especially in the context of his boasts about how well he knows Xi. Biden has had more than enough time to make his language more precise.

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  • ‘Significant risk’ for debt default in early June, CBO reinforces | CNN Politics

    ‘Significant risk’ for debt default in early June, CBO reinforces | CNN Politics



    CNN
     — 

    There is a “significant risk” that the federal government will no longer be able to pay all its obligations in the first two weeks of June if the debt limit remains unchanged, the Congressional Budget Office said Friday.

    The forecast reinforces both Treasury Secretary Janet Yellen’s estimate and the agency’s earlier warning that House Republicans and President Joe Biden may only have a few weeks to address the debt ceiling or unleash global economic and financial upheaval. Talks are underway between White House and congressional staffers.

    Predicting just when the nation hits the so-called X-date, when a default would occur, is uncertain because of the timing and amount of revenue Treasury collects and the bills it has to pay.

    If government collections wind up being enough to keep Treasury’s coffers flush through early June, then it’s likely the government won’t default at least until the end of July, the CBO said. The agency will get another injection of funds from second quarter estimated tax payments, which are due June 15, and from an “extraordinary measure” that becomes available at the end of that month.

    About $25 billion in pay or benefits for active-duty members of the military, civil service and military retirees, veterans and recipients of Supplemental Security Income is sent out on the first day of the month, according to the CBO.

    Interest payments are made around the 15th day and on the last day of the month. May’s mid-month payment is expected to be roughly $50 billion, per the CBO. End-of-month payments range from $10 billion to $16 billion over the past half year.

    If the nation runs out of cash and extraordinary measures to satisfy all its obligations, which has never happened, it’s unknown how Treasury would react. Some payments could be delayed. These include paychecks for federal employees and contractors, as well as the military. Also, many other government payments could be affected, including funding for food stamps and federal grants to states and municipalities for Medicaid, highways, education and other programs.

    However, payments to Social Security recipients and benefits covered under Medicare Part A, largely hospital care, are financed by trust funds. The Treasury obtains cash to make those payments by borrowing, but the disbursements lower the funds’ balances, which are held in the form of Treasury securities, the CBO said.

    Because of that reduction, the payments have little net effect on the total amount of debt subject to the borrowing cap, the agency said.

    The entitlements’ trust funds may allow Treasury to continue making these payments on time, said Shai Akabas, director of economic policy at the Bipartisan Policy Center.

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  • Top House progressive says Democratic leaders should be concerned about debt deal support | CNN Politics

    Top House progressive says Democratic leaders should be concerned about debt deal support | CNN Politics


    Washington
    CNN
     — 

    Washington Rep. Pramila Jayapal, the chair of the Congressional Progressive Caucus, said Sunday that White House negotiators and Democratic leaders should be concerned about progressive support for the tentative deal to raise the debt ceiling for two years

    “Yes, they have to worry,” Jayapal told CNN’s Jake Tapper on “State of the Union,” referring to some of the concessions made by the White House to reach the agreement with Republicans.

    Following the announcement of the deal Saturday night, the White House and Republican leaders in Congress have been mounting an intensive push to consolidate support. But the marathon is far from over, and there remains little certainty the nation will avoid a default.

    Whether House progressives will ultimately support the deal depends on the specifics of the agreement, Jayapal said, including how many people would be affected by expanded work requirements for certain adults receiving food stamps. The deal would also expand exemptions for certain recipients.

    “It is really unfortunate that the president opened the door to this, and while at the end of the day, you know, perhaps this will – because of the exemptions – perhaps it will be OK, I can’t commit to that. I really don’t know,” Jayapal said.

    The Washington Democrat said that she was briefed by top White House official Lael Brainard after the current framework came together but that she will not make her position clear until she can see legislative text.

    “That’s always, you know, a problem, if you can’t see the exact legislative text. And we’re all trying to wade through spin right now,” Jayapal said.

    The deal – which would also freeze spending on domestic programs and increase spending on defense and veterans issues, among other things – was meant to include provisions that could sway members of both parties to vote for it.

    Senior White House officials have been calling House Democrats since Saturday night to shore up support as some in the party say the Biden administration conceded too much.

    Connecticut Rep. Jim Himes, the former chair of the pro-business New Democrat Coalition, told “Fox News Sunday” he was leaning toward a “no” vote on the tentative deal.

    Himes said he did not want to validate the negotiating process used by Republicans, “which at the end of the day is a hostage-taking process,” adding that, “as the speaker said, there is absolutely nothing for the Democrats in these things.”

    But in a positive sign for the White House’s efforts to wrangle in Democratic votes, New Hampshire Rep. Ann McLane Kuster, the current head of the New Democrats bloc, signaled that her 99-member group may support the plan.

    “Our Members are encouraged that the two sides have reached an agreement, and are confident that President Biden and White House negotiators have delivered a viable, bipartisan solution to end this crisis,” Kuster said in a statement. “We are doing our due diligence as lawmakers to ensure that this agreement can receive support from both parties in both chambers of Congress.”

    Republican Rep. Dusty Johnson of South Dakota, one of the GOP negotiators on the deal, maintained that there were “no wins for Democrats” in the agreement.

    “There is nothing after the passage of this bill that will be more liberal or more progressive than it is today. It is a remarkable conservative accomplishment,” the chair of the center-right Republican Main Street Caucus said in a separate interview on “State of the Union.”

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  • White House escalates political pressure on GOP as McCarthy unveils debt limit proposal | CNN Politics

    White House escalates political pressure on GOP as McCarthy unveils debt limit proposal | CNN Politics



    CNN
     — 

    White House officials have spent weeks engaged in skirmishes with House Republicans over the looming debt ceiling battle.

    Those skirmishes have now expanded into an all-out war.

    President Joe Biden’s economic speech in Maryland on Wednesday, which leveled a series of policy and political attacks at House Republicans, serves as a critical marker for a White House moving quickly to escalate the political pressure on House Republicans as the calendar moves closer to the deadline to raise the nation’s borrowing limit.

    Months of messaging and rapid response efforts to counter nascent House GOP debt limit proposals evolved this week into a full-scale effort to undercut Speaker Kevin McCarthy’s spending cut and debt ceiling proposal at the moment of its inception.

    Biden’s remarks, though planned for several weeks, provided a window into the trigger for the escalation.

    “Just two days ago the speaker of the House Kevin McCarthy went to Wall Street to describe the MAGA economic vision for American,” Biden said in reference to McCarthy’s speech Monday at the New York Stock Exchange.

    McCarthy’s high-profile remarks, which broadly outlined the Republican push for steep spending cuts in exchange for a debt ceiling increase, set in motion the House Republican push to pass a proposal and shift the entrenched political dynamics.

    “American debt is a ticking time bomb that will detonate unless we take serious, responsible action,” McCarthy said in his New York speech, which previewed a proposal that was made public Wednesday.

    Biden’s remarks, at a union hall in Maryland, served as a clear response.

    “Massive cuts in programs you count on,” Biden said of the outlines of McCarthy’s proposal. “The threat of defaulting on America’s debt for the first time in 230 years.”

    The positions of the two sides remain unchanged – and completely incompatible. Biden and his top advisers say unequivocally they will not negotiate over a debt ceiling increase and will only accept a clean proposal to raise the nation’s borrowing limit. McCarthy and House Republicans have labeled that position a non-starter and are demanding significant spending cuts in order to sign on to any increase.

    The irreconcilable positions underscore the central importance of winning the political and messaging battle that is set to dramatically intensify. With no pathway to reconcile the respective positions, both sides are pointing to the political pressure – and potentially catastrophic economic consequences that would result in a failure to a find a resolution – as critical to crack their opposition.

    Biden’s speech was crafted to crystallize a clear political contrast and detail the legislative wins of Biden’s first two years in office and his agenda’s priorities for the years ahead.

    But the speech was also tailored to directly attack McCarthy and the broad outlines of the California Republican’s forthcoming proposal at the same moment behind the scenes efforts to keep Democrats unified and escalate outside pressure.

    “Folks, it’s the same old trickle-down dressed up in MAGA clothing,” Biden said of McCarthy’s proposal in his remarks. “Only worse.”

    White House officials quietly circulated messaging and polling memos touting Biden’s budget and tax proposal earlier this week. Biden spoke by phone with Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries Tuesday in what people familiar with the call framed as a discussion that was equal parts ensuring total alignment and mapping out the policy and political strategy ahead.

    “President Biden, Leader Schumer, and Leader Jeffries agree that we won’t negotiate over default and Republicans should pass a clean bill like they did three times in the previous administration,” the White House said in a readout of the call Tuesday night.

    Outside advocacy groups aligned with the White House are also set to ramp up their efforts to highlight Biden’s agenda while attacking the outlines of McCarthy’s proposal.

    The tightly coordinated messaging and political escalation reflects a deadline that is growing closer, officials said. But it also underscores an understanding that McCarthy and his leadership team face their own critical intraparty moment as they attempt to coalesce around their own proposal ahead of a vote next week.

    That House Republican plan, should McCarthy whip the votes to pass it, is dead on arrival in the Senate. White House officials view the proposal less as a tangible way to shift the entrenched political dynamics and more as an opportunity to launch a whole new array of policy attacks, officials say.

    Republicans have made clear, however, they view the opposite as true. A House-passed bill should force Biden to the table and serve as a demonstration of Republican unity and resolve.

    “President Biden and Senator Schumer have no right to play politics with the debt ceiling,” McCarthy said on the House floor Wednesday, calling on Biden and Democrats to enter negotiations.

    McCarthy has insisted he can marshal the votes to pass his proposal. White House officials have privately been skeptical that’s the case given the fractious dynamics of the conference.

    But at a critical moment in a fight that is set to envelope Washington in the months ahead, White House officials are intent on making McCarthy’s job as difficult as possible.

    “The American people should know about the competing economic visions of the country that are really at stake right now,” Biden said.

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  • Biden expected to meet with Hill leaders Tuesday following ‘productive’ debt limit meetings among staff | CNN Politics

    Biden expected to meet with Hill leaders Tuesday following ‘productive’ debt limit meetings among staff | CNN Politics



    CNN
     — 

    President Joe Biden is expected to meet Tuesday with congressional leaders on the debt ceiling limit following “productive” staff-level negotiations over the weekend, two sources familiar with the talks told CNN on Sunday, as the US barrels toward a deadline that could come as soon as June 1.

    Negotiators have been able to pinpoint some areas on which congressional staff and the White House can find common ground, including revising the permitting process, rescinding unspent Covid-19 relief funds and potentially cutting spending, the sources said.

    Biden and the top four congressional leaders – House Speaker Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell – held talks on the debt limit last week in the Oval Office. Tuesday’s meeting, which has not yet been officially confirmed, according to the sources, comes after a planned Friday meeting was postponed as the staff-level talks continued.

    Deputy Treasury Secretary Wally Adeyemo told CNN’s Dana Bash on “State of the Union” on Sunday that talks between the two sides have been “constructive.”

    Biden, Adeyamo said, “looks forward to getting together with the leaders to talk about how we continue to make progress.”

    Biden himself indicated on Sunday that he expected principal-level debt ceiling discussions to take place Tuesday.

    “We’re working on it right now,” he said in brief remarks to reporters as he completed a bike ride in Rehoboth Beach, Delaware.

    There is still not a clear path forward to avoid a default with just four more days before June 1 when both the House and Senate are scheduled to be in session. Biden also confirmed Sunday that he expects to depart Wednesday for Hiroshima, Japan, for the G7 summit.

    “That’s my plan as it stands now,” he told reporters in Rehoboth Beach.

    It’s become increasingly clear that some spending cuts must be included for a deal to materialize, one of the sources said, and that point of discussion has been the main sticking point in negotiations so far.

    Biden said Sunday that he was waiting to hear Republicans’ exact proposals on work requirements for certain government aid programs. He said he has voted in the past for “tougher aid programs” that are now law but “for Medicaid, it’s a different story.”

    White House spokesperson Michael Kikukawa later elaborated on the president’s answer, saying in a statement that Biden would evaluate the GOP proposals guided by the principle that they would “not take away people’s health coverage” or “push Americans into poverty.”

    Negotiators recognize they will likely need to have an outline of a deal by the end of the week to ensure a bill can pass through Congress by June 1, the sources said, but they also think there are potential congressional tools that can be used to speed up the process if needed. The sources did not specify what those tools are.

    Adeyemo reiterated Sunday that the US “can’t” default on its debt but declined to provide details on areas of agreement. He echoed Treasury Secretary Janet Yellen’s assessment that default could happen “as early as June 1” but said it “can be sometime in early June,” calling on Congress to act as he warned that default would be “catastrophic.”

    Top Treasury official says debt ceiling negotiations have been ‘constructive’

    Pressed by Bash on the timing of a deal following McCarthy’s call for an agreement in principle by early this week and business leaders like JPMorgan Chase’s Jamie Dimon warning of market panic in the absence of a deal, Adeyemo said Biden “believes we should raise the debt limit as soon as possible.”

    “Because it’s not only financial markets, but the (University of Michigan) survey of consumer sentiment last week showed that consumers are now worried about the debt limit – it’s affecting the way they’re spending,” Adeyemo said.

    Meanwhile, top Biden economic adviser Lael Brainard on Sunday echoed previous White House comments on preferring a whole deal rather than a short-term fix.

    “Short-term is not a fix. It is not really addressing that core uncertainty that CEOs are talking about. It’s just really important to take default and address it, and Congress has the tools to do that,” the director of the National Economic Council said on “Face the Nation” on CBS.

    Biden expressed optimism Sunday for an eventual agreement.

    “I remain optimistic because I’m a congenital optimist. But I really think there’s a desire on their part, as well as ours, to reach an agreement. I think we’ll be able to do it,” he said in Rehoboth Beach.

    The president had indicated last week that he was prepared for talks to go down to the wire.

    “I’ve been involved in negotiations my whole career,” he told CNN during a trip to New York. “Some negotiations happen at the last second, some negotiations happen way ahead of time. So, we’ll see.”

    Biden resurfaced last week the controversial idea of lifting the borrowing cap without Congress by invoking the 14th Amendment, which some legal experts argue gives the president the authority to order the nation’s debts to be paid regardless of the debt limit Congress sets.

    But using the 14th Amendment to let the Treasury Department borrow above the debt ceiling to pay the nation’s obligations would almost certainly prompt a constitutional crisis and swift legal action.

    Asked Sunday whether the administration would consider invoking the 14th Amendment in the absence of a deal with Congress, Adeyemo said, “What the president said was that he did not think the 14th Amendment would solve our problems now. The only thing that can solve our problems now is for Congress to lift the debt limit.”

    This story and headline have been updated.

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  • Biden cancels visits to Australia and Papua New Guinea as debt ceiling negotiations continue | CNN Politics

    Biden cancels visits to Australia and Papua New Guinea as debt ceiling negotiations continue | CNN Politics



    CNN
     — 

    President Joe Biden is canceling his upcoming visits to Papua New Guinea and Australia due to the ongoing debt ceiling negotiations in Washington, the White House confirmed Tuesday.

    White House press secretary Karine Jean-Pierre said in a statement Biden spoke to Australian Prime Minister Anthony Albanese earlier Tuesday to inform him he will be “postponing” the trip and invited the prime minister for an official state visit “at a time to be agreed by the teams.” Jean-Pierre added that the “President’s team engaged” with the prime minister of Papua New Guinea.

    Biden will still travel to Japan starting Wednesday as part of what was supposed to be a weeklong trip through the Pacific region.

    Earlier Tuesday, National Security Council coordinator for strategic communications John Kirby told reporters that the White House was “reevaluating” the stops to Papua New Guinea and Australia.

    “What I can speak to is the G7 and going to Hiroshima. The president is looking forward to that. We are taking a look at the rest of the trip,” Kirby told reporters.

    The cancellation canes as congressional leaders met with Biden at the White House to discuss the debt limit. The Treasury Department has warned that the government default could come as early as June 1, and Treasury Secretary Janet Yellen has said a default would trigger a global economic downturn.

    This story has been updated with additional developments.

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  • Klobuchar says Biden and McCarthy should negotiate over budget, not debt limit | CNN Politics

    Klobuchar says Biden and McCarthy should negotiate over budget, not debt limit | CNN Politics



    CNN
     — 

    Democratic Sen. Amy Klobuchar of Minnesota said Sunday that she believes President Joe Biden should sit down with House Speaker Kevin McCarthy and negotiate Republicans’ proposed spending cuts, but she insisted those talks should be in relation to the federal budget – not raising the debt limit.

    “Of course, President Biden should sit down with Speaker McCarthy,” Klobuchar told CNN’s Dana Bash on “State of the Union” ahead of the House’s expected vote this week on McCarthy’s bill to raise the debt limit. “But let me put an idea out there. The proposal that McCarthy has put forward, that belongs in the budget. … Our main goal right now is to make clear that we are going to avoid default.”

    “They should start those negotiations now,” the senator added.

    McCarthy introduced a proposal last week to raise the nation’s $31.4 trillion debt limit by an additional $1.5 trillion in exchange for cuts to domestic spending programs across the board.

    But Biden and his top advisers have said they will not negotiate a debt ceiling increase and will only accept a clean proposal to raise the nation’s borrowing limit.

    The US hit its debt ceiling in January and can’t continue to borrow to meet its obligations unless Congress raises or suspends it. The Treasury Department is avoiding default – which would happen this summer or early fall – by using a combination of cash on hand and “extraordinary measures,” which should last at least until early June, Treasury Secretary Janet Yellen said in January.

    A breach of the US debt ceiling risks sparking a 2008-style economic catastrophe that could wipe out millions of jobs and set America back for generations, Moody’s Analytics has warned.

    McCarthy said Sunday he believes he will secure the necessary votes to pass his debt limit bill, telling Fox News, “We will hold a vote this week, we will pass it and send it to the Senate.”

    The California Republican also repeatedly criticized Biden over his refusal to negotiate a debt limit plan. The White House has attacked the GOP debt limit proposal as a nonstarter and something that would take the country to a “totally irresponsible” debt default.

    “I’m beginning to wonder about the words that he says and the thoughts that he’s using, because the idea that he won’t even negotiate for more than 80 days, he is now putting the country in default. We are the only ones being responsible and sensible about this,” McCarthy said.

    Meanwhile, Klobuchar, in her interview Sunday, also addressed concerns regarding the continued absence of her Senate colleague Dianne Feinstein, who is recovering from shingles. The California Democrat’s absence has kept her party from advancing certain Biden judicial nominees out of the Judiciary Committee, on which she serves.

    “She has served our country well. She has said she’s coming back. And we await her return,” Klobuchar said when asked whether she agrees with Democrats who have called on Feinstein to resign.

    Feinstein’s return, Klobuchar said, would “resolve the problem” over the holdup in moving certain nominations through the Judiciary panel.

    Klobuchar added, however, that “at some point, when we have debt ceiling votes and the like, there may be another consideration that she will have to make with her family.”

    With Biden preparing to launch his reelection campaign this week, Klobuchar said the president will have an “incredibly strong record” to run on, ignoring concerns raised over his age.

    “He is a steady hand, when you look at what’s out there right now, with Donald Trump and what we’re hearing again. People don’t want that chaos back again,” she said.

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  • These are the big ideas Republicans are pushing for 2024 | CNN Politics

    These are the big ideas Republicans are pushing for 2024 | CNN Politics

    A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here.



    CNN
     — 

    Amend the Constitution! Touch the third rail! Think big and make things better!

    This is the big ideas period of American politics – a time that occurs roughly every four years in the lead-up to a presidential election – when candidates push expansive proposals, usually short on specifics.

    While the big ideas generally have little chance of becoming law, they speak to what the people who want to be president think will move primary voters.

    With President Joe Biden currently a lock for the Democratic nomination, most of the intellectual action this year is among Republicans.

    Below are some of the big ideas of the moment, which are usually unique to one or two candidates as opposed to positions that are standard for the party. I view these as distinct from the daily political issues – things like abortion rights, foreign policy, border security and gender rights, where there is a sliding scale of positions.

    Nikki Haley: Biden ‘likely’ won’t make it to end of second term

    Former South Carolina Gov. Nikki Haley, who is 51, wants to impose a “mental competency” test for older candidates over 75.

    With both of the current leading candidates – Biden and former President Donald Trump – well beyond when most people would consider retirement, age is already a major issue this year.

    It’s a smart way to tap into fears that Biden, in particular, has lost a step. But it’s hard to imagine it actually put into use. Who would administer this test? Who would assess the results? Why not all candidates?

    The point of the democratic system is that voters should get to choose. This proposal would necessarily limit their choices.

    On the other hand, age limits are not an entirely crazy idea. Corporations impose them on executives, for instance. Pilots have a mandatory retirement age of 65, although that could be raised in the near future to deal with a pilot shortage.

    Republican presidential candidate Vivek Ramaswamy speaks during the annual Conservative Political Action Conference in National Harbor, Maryland.

    Vivek Ramaswamy, a biotech founder, wants to raise the legal voting age to 25. It’s hard to imagine how this would work since the current voting age of 18 is guaranteed in the 26th Amendment.

    Democrats like former House Speaker Nancy Pelosi have in recent years pushed to go in the opposite direction, arguing to lower the voting age to 16.

    Ramaswamy says there would be exceptions to raising the voting age, such as for people who join the military or otherwise meet a “national service requirement.” Others could pass the same test given to naturalized immigrants.

    “I want more civic engagement. My hypothesis is that when you attach greater value to the act, we will see more 18-to-25-year-olds actually vote than do now,” Ramaswamy told The Washington Post.

    01 nikki haley town hall cnn 030823

    Nikki Haley calls for raising retirement age

    Nikki Haley and former Vice President Mike Pence are among those pushing to change the age at which Americans can access retirement benefits.

    While both Trump and Florida Gov. Ron DeSantis are swearing up and down that they will protect these key parts of the social safety net, Haley and Pence are calling for a more honest discussion about the nation’s finances.

    In their telling, raising the retirement age would only affect the youngest Americans – people in their 20s and younger, generations sure to live and work longer than their forebears.

    But specifics are hard to come by, as CNN’s Jake Tapper found when he asked Haley at a CNN town hall in early June what retirement age she is proposing. She said more calculations are needed to come up with a specific retirement age for people currently in their 20s.

    Meantime, she said, “we’re going to go tell them ‘Times have changed.’ I think (Trump and DeSantis are) not being honest with the American people.”

    DeSantis did recently acknowledge in New Hampshire that Social Security is “going to look a little bit different” for younger generations.

    Pence, at his own CNN town hall in early June, said raising the eligibility age for Social Security is one option to have the tough conversation about national spending, but not the only one.

    “It also could include letting younger Americans invest a portion of their payroll taxes in a mutual fund, like the TSP (Thrift Savings Plan) program that 10 million federal employees are in today,” he said.

    trump missouri rally

    Trump slams 14th Amendment at rally

    Both former President Donald Trump and Florida Gov. Ron DeSantis want to revoke birthright citizenship, or the right of every person born in the US to be an American citizen.

    They complain that even babies born to undocumented people become citizens. Birthright citizenship is guaranteed in the 14th Amendment, the key post-Civil War amendment that was meant to protect former slaves.

    Trump has been teasing an end to birthright citizenship for years, but there is not currently a meaningful effort to change the Constitution.

    Trump has pledged to sign an executive order. DeSantis has said he would lean on Congress and the court system. Actually changing the Constitution would be nearly impossible in today’s political environment.

    Former President Donald Trump’s most outside-the-box ideas have a futuristic “Jetsons” feel.

    He wants to build new “freedom cities” on federal land to reopen the American frontier and give people a chance at home ownership. He argues the plan could revitalize American manufacturing.

    And he envisions freeing Americans from hellish commutes by looking to the skies, taking the initiative to innovate vertical-takeoff vehicles. CNN’s report on Trump’s proposals notes that technology is already underway by industry, but a long way from being available to consumers.

    A government-planned city might seem like a strange proposal for a candidate whose party has long embraced free market ideals. But the idea of a planned city is not completely foreign – just look at Washington, DC.

    Republican presidential candidate Florida Gov. Ron DeSantis speaks during a town hall event in Hollis, New Hampshire on June 27, 2023.

    Florida Gov. Ron DeSantis wants to undo Trump’s greatest bipartisan achievement: The First Step Act, a criminal justice and sentencing reform law.

    The product of intense bipartisan negotiations during Trump’s term in office, the law was hailed for rethinking harsh prison sentences for nonviolent drug offenders.

    But the political landscape has changed since 2018, when Trump signed the law as president and DeSantis voted for it as a congressman. Now, DeSantis calls the law the “jailbreak bill.”

    Both men want to impose the death penalty for drug offenders, an especially awkward pivot for Trump, who has bragged about his compassion in setting drug dealers like Alice Johnson free when he commuted her sentence. The case helped build support for the First Step Act. Her crime could have made her eligible for the death penalty under his new plan.

    Trump still brags about the First Step Act, and repealing it would take help from Democrats in the Senate.

    DeSantis, meanwhile, is moving to the right of Trump on crime and even vetoed a bipartisan criminal justice law in Florida that passed easily through the Republican-dominated legislature.

    Pence also said in his CNN town hall he would “take a step back” from the First Step Act – though it is unclear what that means in practical terms.

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  • Donald Trump Fast Facts | CNN Politics

    Donald Trump Fast Facts | CNN Politics



    CNN
     — 

    Here’s a look at the life of Donald Trump, the 45th president of the United States.

    Birth date: June 14, 1946

    Birth place: New York, New York

    Birth name: Donald John Trump

    Father: Fred Trump, real estate developer

    Mother: Mary (Macleod) Trump

    Marriages: Melania (Knauss) Trump (January 22, 2005-present); Marla (Maples) Trump (December 1993-June 1999, divorced); Ivana (Zelnicek) Trump (1977-1990, divorced)

    Children: with Melania Trump: Barron, March 20, 2006; with Marla Maples: Tiffany, October 13, 1993; with Ivana Trump: Eric, 1984; Ivanka, October 30, 1981; Donald Jr., December 31, 1977

    Education: Attended Fordham University; University of Pennsylvania, Wharton School of Finance, B.S. in Economics, 1968

    As Trump evolved from real estate developer to reality television star, he turned his name into a brand. Licensed Trump products have included board games, steaks, cologne, vodka, furniture and menswear.

    He has portrayed himself in cameo appearances in movies and on television, including “Zoolander,” “Sex and the City” and “Home Alone 2: Lost in New York.”

    Trump’s slogan, “Make America Great Again,” was first used by Ronald Reagan while he was running against President Jimmy Carter.

    For details on investigations into alleged Russian meddling in the 2016 election, visit 2016 Presidential Election Investigation Fast Facts.

    1970s – After college, works with his father on apartment complexes in Queens and Brooklyn.

    1973 – Trump and his father are named in a Justice Department lawsuit alleging Trump property managers violated the Fair Housing Act by turning away potential African American tenants. The Trumps deny the company discriminates and file a $100 million countersuit, which is later dismissed. The case is settled in 1975, and the Trumps agree to provide weekly lists of vacancies to Black community organizations.

    1976 – Trump and his father partner with the Hyatt Corporation, purchasing the Commodore Hotel, an aging midtown Manhattan property. The building is revamped and opens four years later as the Grand Hyatt Hotel. The project kickstarts Trump’s career as a Manhattan developer.

    1983-1990 – He builds/purchases multiple properties in New York City, including Trump Tower and the Plaza Hotel, and also opens casinos in Atlantic City, New Jersey, including the Trump Taj Mahal and the Trump Plaza. Trump buys the New Jersey Generals football team, part of the United States Football League, which folds after three seasons.

    1985 – Purchases Mar-a-Lago, an oceanfront estate in Palm Beach, Florida. It is renovated and opens as a private club in 1995.

    1987 – Trump’s first book, “Trump: The Art of the Deal,” is published, and becomes a bestseller. The Donald J. Trump Foundation is established in order to donate a portion of profits from book sales to charities.

    1990 – Nearly $1 billion in personal debt, Trump reaches an agreement with bankers allowing him to avoid declaring personal bankruptcy.

    1991 – The Trump Taj Mahal files for Chapter 11 bankruptcy protection.

    1992 – The Trump Plaza and the Trump Castle casinos file for bankruptcy.

    1996 – Buys out and becomes executive producer of the Miss Universe, Miss USA and Miss Teen USA pageants.

    October 7, 1999 – Tells CNN’s Larry King that he is going to form a presidential exploratory committee and wants to challenge Pat Buchanan for the Reform Party nomination.

    February 14, 2000 – Says that he is abandoning his bid for the presidency, blaming discord within the Reform Party.

    January 2004 – “The Apprentice,” a reality show featuring aspiring entrepreneurs competing for Trump’s approval, premieres on NBC.

    November 21, 2004 – Trump Hotels & Casino Resorts Inc. files for Chapter 11 bankruptcy.

    2005 – Establishes Trump University, which offers seminars in real estate investment.

    February 13, 2009 – Announces his resignation from his position as chairman of Trump Entertainment Resorts. Days later, the company files for bankruptcy protection.

    March 17, 2011 – During an interview on ABC’s “Good Morning America,” Trump questions whether President Barack Obama was born in the United States.

    June 16, 2015 – Announces that he is running for president during a speech at Trump Tower. He pledges to implement policies that will boost the economy and says he will get tough on immigration. “When Mexico sends its people, they’re not sending their best…They’re sending people who have lots of problems,” Trump says. “They’re bringing drugs, they’re bringing crime, they’re rapists, and some, I assume, are good people.”

    June 28, 2015 – Says he’s giving up the TV show “The Apprentice” to run for president.

    June 29, 2015 – NBCUniversal says it is cutting its business ties to Trump and won’t air the Miss USA and Miss Universe pageants because of “derogatory statements by Donald Trump regarding immigrants.”

    July 8, 2015 – In an interview with CNN’s Anderson Cooper, Trump says he “can’t guarantee” all of his employees have legal status in the United States. This is in response to questions about a Washington Post report about undocumented immigrants working at the Old Post Office construction site in Washington, DC, which Trump is converting into a hotel.

    July 22, 2015 – Trump’s financial disclosure report is made public by the Federal Election Commission (FEC).

    August 6, 2015 – During the first 2016 Republican debate, Trump is questioned about a third party candidacy, his attitude towards women and his history of donating money to Democratic politicians. He tells moderator Megyn Kelly of Fox News he feels he is being mistreated. The following day, Trump tells CNN’s Don Lemon that Kelly was singling him out for attack, “You could see there was blood coming out of her eyes, blood coming out of her wherever.”

    September 11, 2015 – Trump announces he has purchased NBC’s half of the Miss Universe Organization, which organizes the annual Miss USA and Miss Universe pageants.

    December 7, 2015 – Trump’s campaign puts out a press release calling for a “complete shutdown of Muslims entering the United States until our country’s representatives can figure out what is going on.”

    May 26, 2016 – Secures enough delegates to clinch the Republican Party nomination.

    July 16, 2016 – Introduces Indiana Governor Mike Pence as his running mate.

    July 19, 2016 – Becomes the Republican Party nominee for president.

    September 13, 2016 – During an interview with CNN’s Jake Tapper, New York Attorney General Eric Schneiderman says his office is investigating Trump’s charitable foundation “to make sure it’s complying with the laws governing charities in New York.”

    October 1, 2016 – The New York Times reports Trump declared a $916 million loss in 1995 which could have allowed him to legally skip paying federal income taxes for years. The report is based on a financial document mailed to the newspaper by an anonymous source.

    October 7, 2016 – Unaired footage from 2005 surfaces of Trump talking about trying to have sex with a married woman and being able to grope women. In footage obtained by The Washington Post, Trump is heard off-camera discussing women in vulgar terms during the taping of a segment for “Access Hollywood.” In a taped response, Trump declares, “I said it, I was wrong and I apologize.”

    October 9, 2016 – During the second presidential debate, CNN’s Cooper asks Trump about his descriptions of groping and kissing women without their consent in the “Access Hollywood” footage. Trump denies that he has ever engaged in such behavior and declares the comments were “locker room talk.” After the debate, 11 women step forward to claim that they were sexually harassed or sexually assaulted by the real estate developer. Trump says the stories aren’t true.

    November 8, 2016 – Elected president of the United States. Trump will be the first president who has never held elected office, a top government post or a military rank.

    November 18, 2016 – Trump agrees to pay $25 million to settle three lawsuits against Trump University. About 6,000 former students are covered by the settlement.

    December 24, 2016 – Trump says he will dissolve the Donald J. Trump Foundation “to avoid even the appearance of any conflict with my role as President.” A spokeswoman for the New York Attorney General’s Office says that the foundation cannot legally close until investigators conclude their probe of the charity.

    January 10, 2017 – CNN reports that intelligence officials briefed Trump on a dossier that contains allegations about his campaign’s ties to Russia and unverified claims about his personal life. The author of the dossier is a former British spy who was hired by a research firm that had been funded by both political parties to conduct opposition research on Trump.

    January 20, 2017 – Takes the oath of office from Chief Justice John Roberts during an inauguration ceremony at the Capitol.

    January 23, 2017 – Trump signs an executive action withdrawing the United States from the Trans-Pacific Partnership, a 12-nation trade deal negotiated by the Obama administration and awaiting congressional approval.

    January 27, 2017 – Trump signs an executive order halting all refugee arrivals for 120 days and banning travel to the United States from seven Muslim-majority countries for 90 days. Additionally, refugees from Syria are barred indefinitely from entering the United States. The order is challenged in court.

    February 13, 2017 – Trump’s national security adviser, Michael Flynn, resigns amid accusations he lied about his communications with Russian ambassador to the United States, Sergey Kislyak. Flynn later pleads guilty to lying to the FBI.

    May 3, 2017 – FBI Director James Comey confirms that there is an ongoing investigation into ties between the Trump campaign and Russia during a hearing on Capitol Hill. Less than a week later, Trump fires Comey, citing a DOJ memo critical of the way he handled the investigation into Clinton’s emails.

    May 2017 – Shortly after Trump fires Comey, the FBI opens an investigation into whether Trump “had been working on behalf of Russia against American interests,” citing former law enforcement officials and others the paper said were familiar with the probe.

    May 17, 2017 – Former FBI Director Robert Mueller is appointed as special counsel to lead the probe into Russian meddling in the 2016 election, including potential collusion between Trump campaign associates and Russian officials. Deputy Attorney General Rod Rosenstein makes the appointment because Attorney General Jeff Sessions recused himself from investigations into Trump’s campaign.

    May 19, 2017 – Departs on his first foreign trip as president. The nine-day, five-country trip includes stops in Saudi Arabia, Israel, the Vatican, a NATO summit in Brussels and a G7 summit in Sicily.

    June 1, 2017 – Trump proclaims that the United States is withdrawing from the Paris climate accord but adds that he is open to renegotiating aspects of the environmental agreement, which was signed by 175 countries in 2016.

    July 7, 2017 – Meets Russian President Vladimir Putin in person for the first time, on the sidelines of the G20 meeting in Hamburg, Germany.

    August 8, 2017 – In response to nuclear threats from North Korea, Trump warns that Pyongyang will “face fire and fury like the world has never seen.” Soon after Trump’s comments, North Korea issues a statement saying it is “examining the operational plan” to strike areas around the US territory of Guam.

    August 15, 2017 – After a violent clash between neo-Nazi activists and counterprotesters leaves one dead in Charlottesville, Virginia, Trump holds an impromptu press conference in the lobby of Trump Tower and declares that there were “fine people” on both sides.

    August 25, 2017 – Trump’s first pardon is granted to former Arizona sheriff Joe Arpaio, who was convicted of criminal contempt for disregarding a court order in a racial-profiling case. Trump did not consult with lawyers at the Justice Department before announcing his decision.

    September 5, 2017 – The Trump administration announces that it is ending the DACA program, introduced by Obama to protect nearly 800,000 undocumented immigrants brought to the United States as children. Trump calls on Congress to introduce legislation that will prevent DACA recipients from being deported. Multiple lawsuits are filed opposing the policy in federal courts and judges delay the end of the program, asking the government to submit filings justifying the cancellation of DACA.

    September 19, 2017 – In a speech at the United Nations General Assembly, Trump refers to North Korean leader Kim Jong Un as “Rocket Man” and warns that the United States will “totally destroy North Korea” if forced to defend itself or its allies.

    September 24, 2017 – The Trump administration unveils a third version of the travel ban, placing restrictions on travel by certain foreigners from Chad, Iran, Libya, North Korea, Somalia, Syria, Venezuela and Yemen. (Chad is later removed after meeting security requirements.) One day before the revised ban is set to take effect, it is blocked nationwide by a federal judge in Hawaii. A judge in Maryland issues a similar ruling.

    December 4, 2017 – The Supreme Court rules that the revised travel ban can take effect pending appeals.

    December 6, 2017 – Trump recognizes Jerusalem as Israel’s capital and announces plans to relocate the US Embassy there.

    January 11, 2018 – During a White House meeting on immigration reform, Trump reportedly refers to Haiti and African nations as “shithole countries.”

    January 12, 2018 – The Wall Street Journal reports that Trump allegedly had an affair with a porn star named Stephanie Clifford, aka Stormy Daniels. The newspaper states that Trump’s personal attorney, Michael Cohen, arranged a $130,000 payment for a nondisclosure agreement weeks before Election Day in 2016. Trump denies the affair occurred. In March, Clifford sues Trump seeking to be released from the NDA. In response, Trump and his legal team agree outside of court not to sue or otherwise enforce the NDA. The suit is dismissed. A California Superior Court judge orders Trump to pay $44,100 to Clifford, to reimburse her attorneys’ fees in the legal battle surrounding her nondisclosure agreement.

    March 13, 2018 – Trump announces in a tweet that he has fired Secretary of State Rex Tillerson and will nominate CIA Director Mike Pompeo as Tillerson’s replacement.

    March 20, 2018 – A New York Supreme Court judge rules that a defamation lawsuit against Trump can move forward, ruling against a July 2017 motion to dismiss filed by Trump’s lawyers. The lawsuit, filed by Summer Zervos, a former “Apprentice” contestant, is related to sexual assault allegations. In November 2021, attorneys for Zervos announce she is dropping the lawsuit.

    March 23, 2018 – The White House announces that it is adopting a policy, first proposed by Trump via tweet in July 2017, banning most transgender individuals from serving in the military.

    April 9, 2018 – The FBI raids Cohen’s office, home and a hotel room where he’d been staying while his house was renovated. The raid is related to a federal investigation of possible fraud and campaign finance violations.

    April 13, 2018 – Trump authorizes joint military strikes in Syria with the UK and France after reports the government used chemical weapons on civilians in Douma.

    May 7, 2018 – The Trump administration announces a “zero tolerance” policy for illegal border crossings. Sessions says that individuals who violate immigration law will be criminally prosecuted and warns that parents could be separated from children.

    May 8, 2018 – Trump announces that the United States is withdrawing from the Iran nuclear deal.

    May 31, 2018 – The Trump administration announces it is imposing tariffs on steel and aluminum imported from allies Canada, Mexico and the European Union.

    June 8-9, 2018 – Before leaving for the G7 summit in Quebec City, Trump tells reporters that Russia should be reinstated in the group. The annexation of Crimea in 2014 led to Russia’s suspension. After leaving the summit, Trump tweets that he will not endorse the traditional G7 communique issued at the end of the meeting. The President singles out Canadian Prime Minister Justin Trudeau for making “false statements” at a news conference.

    June 12, 2018 – Trump meets Kim in person for the first time during a summit in Singapore. They sign a four-point statement that broadly outlines the countries’ commitment to a peace process. The statement contains a pledge by North Korea to “work towards” complete denuclearization but the agreement does not detail how the international community will verify that Kim is ending his nuclear program.

    June 14, 2018 – The New York attorney general sues the Trump Foundation, alleging that the nonprofit run by Trump and his three eldest children violated state and federal charity law.

    June 26, 2018 – The Supreme Court upholds the Trump administration’s travel ban in a 5-4 ruling along party lines.

    July 16, 2018 – During a joint news conference with Putin in Helsinki, Trump declines to endorse the US government’s assessment that Russia interfered in the election, saying he doesn’t “see any reason why” Russia would be responsible. The next day, Trump clarifies his remark, “The sentence should have been, ‘I don’t see any reason why it wouldn’t be Russia.” He says he accepts the intelligence community’s conclusion that Russia meddled in the election but adds, “It could be other people also.”

    August 21, 2018 – Cohen pleads guilty to eight federal charges, including two campaign finance violations. In court, he says that he orchestrated payments to silence women “in coordination and at the direction of a candidate for federal office.” On the same day, Trump’s former campaign chairman, Paul Manafort is convicted on eight counts of federal financial crimes. On December 12, Cohen is sentenced to three years in prison.

    October 2, 2018 – The New York Times details numerous tax avoidance schemes allegedly carried out by Trump and his siblings. In a tweet, Trump dismisses the article as a “very old, boring and often told hit piece.”

    November 20, 2018 – Releases a statement backing Saudi Arabia in the wake of the murder of Washington Post journalist Jamal Khashoggi, a Virginia resident, killed in October at a Saudi consulate in Turkey. Khashoggi was a frequent critic of the Saudi regime. The Saudis initially denied any knowledge of his death, but then later said a group of rogue operators were responsible for his killing. US officials have speculated that such a mission, including the 15 men sent from Riyadh, Saudi Arabia, to murder him, could not have been carried out without the authorization of Saudi leader Crown Prince Mohammed bin Salman. In the statement, Trump writes, “Our intelligence agencies continue to assess all information, but it could very well be that the Crown Prince had knowledge of this tragic event, maybe he did and maybe he didn’t!”

    December 18, 2018 – The Donald J. Trump Foundation agrees to dissolve according to a document filed in Manhattan Supreme Court. The agreement allows the New York attorney general’s office to review the recipients of the charity’s assets.

    December 22, 2018 – The longest partial government shutdown in US history begins after Trump demands lawmakers allocate $5.7 billion in funding for a border wall before agreeing to sign a federal funding package.

    January 16, 2019 – After nearly two years of Trump administration officials denying that anyone involved in his campaign colluded with the Russians to help his candidacy, Trump lawyer and former New York City mayor, Rudy Giuliani, says “I never said there was no collusion between the campaign, or people in the campaign. I said the President of the United States.”

    January 25, 2019 – The government shutdown ends when Trump signs a short-term spending measure, providing three weeks of stopgap funding while lawmakers work on a border security compromise. The bill does not include any wall funding.

    February 15, 2019 – Trump declares a national emergency to allocate funds to build a wall on the border with Mexico. During the announcement, the President says he expects the declaration to be challenged in court. The same day, Trump signs a border security measure negotiated by Congress, with $1.375 billion set aside for barriers, averting another government shutdown.

    February 18, 2019 – Attorneys general from 16 states file a lawsuit in federal court challenging Trump’s emergency declaration.

    March 22, 2019 – Mueller ends his investigation and delivers his report to Attorney General William Barr. A senior Justice Department official tells CNN that there will be no further indictments.

    March 24, 2019 – Barr releases a letter summarizing the principal conclusions from Mueller’s investigation. According to Barr’s four-page letter, the evidence was not sufficient to establish that members Trump’s campaign tacitly engaged in a criminal conspiracy with the Russian government to interfere with the election.

    April 18, 2019 – A redacted version of the Mueller report is released. The first part of the 448-page document details the evidence gathered by Mueller’s team on potential conspiracy crimes and explains their decisions not to charge individuals associated with the campaign. The second part of the report outlines ten episodes involving possible obstruction of justice by the President. According to the report, Mueller’s decision not to charge Trump was rooted in Justice Department guidelines prohibiting the indictment of a sitting president. Mueller writes that he would have cleared Trump if the evidence warranted exoneration.

    May 1, 2019 – The New York Times publishes a report that details how Giuliani, in his role as Trump’s personal attorney, is investigating allegations related to former Vice President Joe Biden, a potential Trump opponent in the 2020 presidential race. Biden’s son, Hunter Biden, served on the board of a Ukrainian energy company called Burisma Holdings. In 2016, the elder Biden pressured Ukraine to oust a prosecutor who had investigated Burisma for corruption. Giuliani suggests that Biden’s move was motivated by a desire to protect his son from criminal charges. Giuliani’s claims are undermined after Bloomberg reports that the Burisma investigation was “dormant” when Biden pressed the prosecutor to resign.

    June 12, 2019 – Trump says he may be willing to accept information about political rivals from a foreign government during an interview on ABC News, declaring that he’s willing to listen and wouldn’t necessarily call the FBI.

    June 16, 2019 – Israeli Prime Minister Benjamin Netanyahu unveils a sign at the proposed site of a Golan Heights settlement to be named Trump Heights.

    June 18, 2019 – Trump holds a rally in Orlando to publicize the formal launch of his reelection campaign.

    June 28, 2019 – During a breakfast meeting at the G20 summit in Osaka, Japan, Trump and Saudi Crown Prince Mohamed bin Salman reportedly discuss tensions with Iran, trade and human rights.

    June 30, 2019 – Trump becomes the first sitting US president to enter North Korea. He takes 20 steps beyond the border and shakes hands with Kim.

    July 14, 2019 – Via Twitter, Trump tells Reps. Alexandria Ocasio-Cortez, Rashida Tlaib, Illhan Omar and Ayanna Pressley to “go back” to their home countries. Ocasio-Cortez, Tlaib and Pressley are natural-born US citizens; Omar was born in Somalia, immigrated to the United States and became a citizen.

    July 16, 2019 – The House votes, 240-187, to condemn the racist language Trump used in his tweets about Ocasio-Cortez, Tlaib, Omar and Pressley.

    July 24, 2019 – Mueller testifies before the House Judiciary Committee and the House Intelligence Committee.

    July 25, 2019 – Trump speaks on the phone with Ukrainian President Volodymyr Zelensky. Trump asks Zelensky for a “favor,” encouraging him to speak with Giuliani about investigating Biden. In the days before the call, Trump blocked nearly $400 million in military and security aid to Ukraine.

    August 12, 2019 – A whistleblower files a complaint pertaining to Trump’s conduct on the Zelensky call.

    September 11, 2019 – The Trump administration lifts its hold on military aid for Ukraine.

    September 24, 2019 – House Speaker Nancy Pelosi announces the beginning of an impeachment inquiry related to the whistleblower complaint.

    September 25, 2019 – The White House releases notes from the July 25 call between Trump and Zelensky. The readout contains multiple references to Giuliani and Barr. In response, the Justice Department issues a statement that says Barr didn’t know about Trump’s conversation until weeks after the call. Further, the attorney general didn’t talk to the President about having Ukraine investigate the Bidens, according to the Justice Department. On the same day as the notes are released, Trump and Zelensky meet in person for the first time on the sidelines of the UN General Assembly. During a joint press conference after the meeting, both men deny that Trump pressured Zelensky to investigate Biden in exchange for aid.

    September 26, 2019 – The House releases a declassified version of the whistleblower complaint. According to the complaint, officials at the White House tried to “lock down” records of Trump’s phone conversation with Zelensky. The complaint also alleges that Barr played a role in the campaign to convince Zelensky that Biden should be investigated. Trump describes the complaint as “fake news” and “a witch hunt” on Twitter.

    September 27, 2019 – Pompeo is subpoenaed by House committees over his failure to provide documents related to Ukraine. Kurt Volker, US special envoy to Ukraine, resigns. He was named in the whistleblower complaint as one of the State Department officials who helped Giuliani connect with sources in Ukraine.

    October 3, 2019 – Speaking to reporters outside the White House, Trump says both Ukraine and China should investigate alleged corruption involving Biden and his son. CNN reports that the President had brought up Biden and his family during a June phone call with Xi Jinping. In that call, Trump discussed the political prospects of Biden as well as Elizabeth Warren. He also told Xi that he would remain quiet on the matter of Hong Kong protests. Notes documenting the conversation were placed on a highly secured server where the transcript from the Ukraine call was also stored.

    October 6, 2019 – After Trump speaks on the phone with Turkish President Recep Tayyip Erdogan, the White House announces that US troops will move out of northern Syria to make way for a planned Turkish military operation. The move marks a major shift in American foreign policy and effectively gives Turkey the green light to attack US-backed Kurdish forces, a partner in the fight against ISIS.

    October 9, 2019 – Turkey launches a military offensive in northern Syria.

    October 31, 2019 – Trump says via Twitter that he is changing his legal residency from New York to Florida, explaining that he feels he is treated badly by political leaders from the city and state.

    November 7, 2019 – A judge orders Trump to pay $2 million to settle a lawsuit against his charity filed by the New York state attorney general. According to the suit, Trump breached his fiduciary duty by allowing his presidential campaign to direct the distribution of donations. In a statement, Trump accuses the attorney general of mischaracterizing the settlement for political purposes.

    November 13, 2019 – Public impeachment hearings begin and Trump meets Erdogan at the White House.

    November 20, 2019 – During a public hearing, US Ambassador to the European Union Gordon Sondland says he worked with Giuliani on matters related to Ukraine at the “express direction of the President of the United States” and he says “everyone was in the loop.” Sondland recounts several conversations between himself and Trump about Ukraine opening two investigations: one into Burisma and another into conspiracies about Ukrainian meddling in the 2016 US election.

    December 10, 2019 – House Democrats unveil two articles of impeachment, one for abuse of power and one for obstruction of Congress.

    December 11, 2019 – Trump signs an executive order to include discrimination against Jewish people as a violation of law in certain cases, with an eye toward fighting antisemitism on college campuses.

    December 13, 2019 – The House Judiciary Committee approves the two articles of impeachment in a party line vote.

    December 18, 2019 – The House of Representatives votes to impeach Trump, charging a president with high crimes and misdemeanors for just the third time in American history.

    January 3, 2020 – Speaking at Mar-a-Lago, Trump announces that a US airstrike in Iraq has killed Qasem Soleimani, the leader of the Islamic Revolutionary Guards Corps Quds Force.

    January 8, 2020 – Iran fires a number of missiles at two Iraqi bases housing US troops in retaliation for the American strike that killed Soleimani. No US or Iraqi lives are reported lost, but the Pentagon later releases a statement confirming that 109 US service members had been diagnosed with mild traumatic brain injuries in the wake of the attack.

    January 24, 2020 – Makes history as the first President to attend the annual March for Life rally in Washington, DC, since it began nearly a half-century ago. Trump reiterates his support for tighter abortion restrictions.

    January 29, 2020 – Trump signs the US-Mexico-Canada Agreement into law, which replaces the North American Free Trade Agreement.

    January 31, 2020 – The Trump administration announces an expansion of the travel ban to include six new countries. Immigration restrictions will be imposed on: Nigeria, Eritrea, Tanzania, Sudan, Kyrgyzstan and Myanmar (known as Burma), with exceptions for immigrants who have helped the United States.

    February 5, 2020 – The Senate votes to acquit Trump on two articles of impeachment. Sen. Mitt Romney is the sole Republican to vote to convict on the charge of abuse of power, joining with all Senate Democrats in a 52-48 not guilty vote. On the obstruction of Congress charge, the vote falls along straight party lines, 53-47 for acquittal.

    May 29, 2020 – Trump announces that the United States will terminate its relationship with the World Health Organization.

    July 10, 2020 – Trump commutes the prison sentence of his longtime friend Roger Stone, who was convicted of crimes that included lying to Congress in part, prosecutors said, to protect the President. The announcement came just days before Stone was set to report to a federal prison in Georgia.

    October 2, 2020 – Trump announces that he has tested positive for coronavirus. Later in the day, Trump is transferred to Walter Reed National Military Medical Center, and returns to the White House on October 5.

    November 7, 2020 – Days after the presidential election on November 3, CNN projects Trump loses his bid for reelection to Biden.

    November 25, 2020 – Trump announces in a tweet that he has granted Michael Flynn a “full pardon,” wiping away the guilty plea of the intelligence official for lying to the FBI.

    December 23, 2020 – Announces 26 new pardons, including for Stone, Manafort and son-in-law Jared Kushner’s father, Charles.

    January 6, 2021 – Following Trump’s rally and speech at the White House Ellipse, pro-Trump rioters storm the US Capitol as members of Congress meet to certify the Electoral College results of the 2020 presidential election. A total of five people die, including a Capitol Police officer the next day.

    January 7-8, 2021 – Instagram and Facebook place a ban on Trump’s account from posting through the remainder of his presidency and perhaps “indefinitely.” Twitter permanently bans Trump from the platform, explaining that “after close review of recent Tweets…and the context around them we have permanently suspended the account due to the risk of further incitement of violence.”

    January 13, 2021 – The House votes to impeach Trump for “incitement of insurrection.” He is the only president to be impeached twice.

    January 20, 2021 – Trump issues a total of 143 pardons and commutations that include his onetime political strategist, Steve Bannon, a former top fundraiser and two well-known rappers but not himself or his family. He then receives a military-style send-off from Joint Base Andrews on Inauguration morning, before heading home to Florida.

    February 13, 2021 – The US Senate acquits Trump in his second impeachment trial, voting that Trump is not guilty of inciting the deadly January 6 riots at the US Capitol. The vote is 43 not guilty to 57 guilty, short of the 67 guilty votes needed to convict.

    May 5, 2021 – Facebook’s Oversight Board upholds Trump’s suspension from using its platform. The decision also applies to Facebook-owned Instagram.

    June 4, 2021 – Facebook announces Trump will be suspended from its platform until at least January 7th, 2023 – two years from when he was initially suspended.

    July 1, 2021 – New York prosecutors charge the Trump Organization and Trump Payroll Corporation with 10 felony counts and Chief Financial Officer Allen Weisselberg with 15 felony counts in connection with an alleged tax scheme stretching back to 2005. Trump himself is not charged. On December 6, 2022, both companies are found guilty on all charges.

    February 14, 2022 – Accounting firm Mazars announces it will no longer act as Trump’s accountant, citing a conflict of interest. In a letter to the Trump Organization chief legal officer, the firm informs the Trump Organization to no longer rely on financial statements ending June 2011 through June 2020.

    May 3, 2022 – The Trump Organization and the Presidential Inaugural Committee agree to pay a total of $750,000 to settle with the Washington, DC, attorney general’s office over allegations they misspent money raised for former President Donald Trump’s inauguration.

    June 9-July 21, 2022 – The House select committee investigating the January 6, 2021, attack on the US Capitol holds eight hearings, where it hears from witnesses including top ex-Trump officials, election workers, those who took part in the attack and many others. Through live testimony, video depositions, and never-before-seen material, the committee attempts to paint the picture of the former president’s plan to stay in power and the role he played on January 6.

    August 8, 2022 – The FBI executes a search warrant at Trump’s Mar-a-Lago resort in Palm Beach, Florida, as part of an investigation into the handling of presidential documents, including classified documents, that may have been brought there.

    August 12, 2022 – A federal judge unseals the search warrant and property receipt from the FBI search of Mar-a-Lago. The unsealed documents indicate the FBI recovered 11 sets of classified documents from its search, including some materials marked as “top secret/SCI” – one of the highest levels of classification, and identify three federal crimes that the Justice Department is looking at as part of its investigation: violations of the Espionage Act, obstruction of justice and criminal handling of government records.

    September 21, 2022 – The New York state attorney general files a lawsuit against Trump, three of his adult children and the Trump Organization, alleging they were involved in an expansive fraud lasting over a decade that the former President used to enrich himself. According to the lawsuit, the Trump Organization deceived lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals.

    October 3, 2022 – Trump files a lawsuit against CNN for defamation, seeking $475 million in punitive damages.

    November 15, 2022 – Announces that he will seek the Republican presidential nomination in 2024.

    November 19, 2022 – Trump’s Twitter account, which was banned following the January 6, 2021, attack on the Capitol, is reinstated after users respond to an online poll posted by Twitter CEO and new owner Elon Musk.

    December 19, 2022 – The Jan. 6 insurrection committee votes to refer Trump to the Department of Justice on at least four criminal charges. Four days later the panel releases its final report recommending Trump be barred from holding office again.

    February 9, 2023 – Trump’s Facebook and Instagram accounts are restored following a two-year ban in the wake of the Jan. 6, 2021 insurrection, a Meta spokesperson confirms to CNN. On March 17, 2023, YouTube restores Trump’s channel.

    March 30, 2023 – A grand jury in New York votes to indict Trump, the first time in American history that a current or former president has faced criminal charges.

    April 4, 2023 – Surrenders and is placed under arrest before pleading not guilty to 34 felony criminal charges of falsifying business records in Manhattan criminal court. Prosecutors allege that Trump sought to undermine the integrity of the 2016 election through a hush money scheme with payments made to women who claimed they had extramarital affairs with Trump. He has denied the affairs. Hours after his arraignment, Trump rails against the Manhattan district attorney and the indictment during a speech at his Florida resort at Mar-a-Lago.

    May 9, 2023 – A Manhattan federal jury finds Trump sexually abused former magazine columnist E. Jean Carroll in a luxury department store dressing room in the spring of 1996 and awards her $5 million for battery and defamation.

    May 15, 2023 – A report by special counsel John Durham is released. In it he concludes that the FBI should never have launched a full investigation into connections between Donald Trump’s campaign and Russia during the 2016 election. The report does not recommend any new charges against individuals or “wholesale changes” about how the FBI handles politically charged investigations, despite strongly criticizing the agency’s behavior.

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  • States have been on a tax-cutting spree, but revenues are now weakening | CNN Politics

    States have been on a tax-cutting spree, but revenues are now weakening | CNN Politics



    CNN
     — 

    Fueled by surging revenues, states have been slashing taxes for individuals and businesses for the past three years.

    But the party is expected to come to an end in the coming fiscal year, which started on Saturday in 46 states. Revenue is projected to decline by 0.7% in fiscal 2024, based on forecasts used in governors’ budgets, after an estimated 0.3% dip this fiscal year, according to a recently released National Association of State Budget Officers survey.

    This reversal comes after double-digit percentage increases for the prior two fiscal years. It reflects the impact of slower economic growth, a weaker stock market and a slew of recent tax cuts.

    Some 25 states have cut individual income tax rates since 2021, according to the right-leaning Tax Foundation. This includes 22 states that reduced their top marginal rates.

    “Most states are viewing tax reform and relief as a chance to, first and foremost, return some of their excess revenue to taxpayers, but to also do that in a way that is simultaneously improving the structure of their tax cuts and make it more conducive to long-term economic growth,” said Katherine Loughead, senior policy analyst at the foundation.

    States are also seeking to make themselves more attractive to business investment, as well as to remote and traditional workers, she continued.

    In 2023 alone, at least eight states approved rate reductions, according to the Tax Foundation. Arkansas, for instance, is trimming its top individual income tax rate to 4.7%, retroactive to January 1, after reducing it from 5.5% to 4.9% last year.

    Likewise, Montana lawmakers approved deepening cuts enacted in 2021. Starting in 2024, the top marginal income tax rate will be 5.9%, instead of 6.5% as originally planned. It was 6.9% in 2021.

    In addition, previously scheduled or triggered income tax rate reductions took effect this year in Arizona, Idaho, Iowa, Missouri and North Carolina, as well as for interest and dividend income in New Hampshire, according to the Tax Foundation.

    Aside from individual income tax cuts, states have also lowered the levies on purchases and for businesses over the past three years. Two states cut sales tax rates, while 13 reduced corporate income tax rates and others made additional tax changes that benefited companies.

    In 2023, Nebraska and Utah adopted corporate income tax rate reductions. The former will phase down its top rate to 3.99% in 2027, accelerating an earlier law’s timetable. If fully implemented as planned, Nebraska will slash its top marginal corporate income tax rate nearly in half over six years, according to the Tax Foundation.

    Utah also further reduced its corporate income tax rate to 4.65%, retroactive to January 1. A law passed last year had cut it to 4.85% for 2022, down from 4.95%.

    The tax cuts, along with stock market declines and the shaky economy, have taken their toll on states’ revenues, however.

    State tax revenue fell in 37 states, after adjusting for inflation, between July 2022 and May 2023, according to Lucy Dadayan, principal research associate at the nonpartisan Tax Policy Center. Some 19 states saw declines before taking inflation into account.

    Revenue dropped nearly 12% over the period on an inflation-adjusted basis. All major sources of revenue – personal income, sales and corporate income taxes – declined, though the extent varies widely by state and source. Individual income taxes were the weakest, plummeting more than 22%.

    States are in trouble, though there won’t be an immediate crisis, she said. Much depends on factors that remain unknown, such as whether the nation will fall into a recession or whether states will face natural disasters.

    The robust revenue of recent years was “artificially boosted” by federal Covid-19 pandemic relief funds and the strong stock market in 2021, she said.

    “We knew this is temporary,” Dadayan said. “It would have been better if the states wouldn’t jump and do tax cuts and be more cautious.”

    Still, revenues in fiscal 2023 are coming in stronger than initially expected. The current estimates are outperforming earlier forecasts by 6.5%, according to the National Association of State Budget Officers. Most states have also built up big reserves in their rainy day funds in recent years.

    Whether states will continue cutting taxes in the coming fiscal year will depend on what happens with revenues.

    “A lot of states have done what they can already,” Loughead said. “They will continue to look at how revenues come in and how the rates measure up. If they still are experiencing strong surpluses, I do think they might tweak those rates down even more.”

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  • Justice Department asks Supreme Court to reverse ruling striking down bump stock ban | CNN Politics

    Justice Department asks Supreme Court to reverse ruling striking down bump stock ban | CNN Politics



    CNN
     — 

    The Justice Department on Friday asked the Supreme Court to take up an appeals court ruling that struck down a Trump-era federal ban on so-called bump stocks.

    The request comes as the high court has repeatedly declined to disturb those rulings that favor the restriction on the device, including not considering a challenge to the federal ban in October. Bump stocks are attachments that essentially allow shooters to fire semiautomatic rifles continuously with one pull of the trigger.

    “Like other machineguns, rifles modified with bump stocks are exceedingly dangerous; Congress prohibited the possession of such weapons for good reason.” US Solicitor General Elizabeth Prelogar wrote in the new filing with the Supreme Court. “The decision below contradicts the best interpretation of the statute, creates an acknowledged circuit conflict, and threatens significant harm to public safety.”

    The January appellate court ruling concluded that the Bureau of Alcohol, Tobacco, Firearms and Explosives, ATF, did not have the authority to classify the devices as machine guns, a classification that had effectively banned them. But in the new filing, the Justice Department argued that prior to the ruling, three other appeals courts had upheld the bump stock regulation.

    In 2018, the ATF classified the devices as machine guns under the National Firearms Act after then-President Donald Trump ordered a review of bump stocks – which were used in the 2017 Las Vegas mass shooting a few months prior.

    But the appellate majority in January argued that bump stocks were not covered by the law.

    “A plain reading of the statutory language, paired with close consideration of the mechanics of a semi-automatic firearm, reveals that a bump stock is excluded from the technical definition of ‘machinegun’ set forth in the Gun Control Act and National Firearms Act,” Judge Jennifer Walker Elrod wrote in the majority’s opinion.

    In 2010, the ATF had determined that bump stocks were merely accessories, or firearms parts – and therefore not regulated as a firearm.

    But following the Las Vegas shooting that killed over 50 people and injured hundreds, the Justice Department said that the “devices allow a shooter of a semiautomatic firearm to initiate a continuous firing cycle with a single pull of the trigger,” similar to automatic rifles.

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  • Fixing Social Security involves hard choices | CNN Politics

    Fixing Social Security involves hard choices | CNN Politics



    CNN
     — 

    There’s a reason why politicians have long shied away from addressing Social Security’s massive financial problems. The commonly proposed solutions involve cutting benefits or raising taxes, which would spark an outcry from a range of powerful constituents, including senior citizens and the business community.

    The situation, however, is only growing more critical. The combined Social Security trust funds are projected to run dry in 2034, according to the latest annual report from the entitlement program’s trustees that was released last week. At that time, the funds’ reserves will be depleted, and the program’s continuing income will only cover 80% of benefits owed.

    The estimate is one year earlier than the trustees projected last year.

    About 66 million Americans received Social Security benefits in 2022. It’s a vital lifeline for many of them. Some 42% of elderly women and 37% of elderly men rely on the monthly payments for at least half their income, according to the Social Security Administration.

    Though congressional Republicans’ drive to cut spending amid debt ceiling negotiations this year has prompted renewed interest in the entitlement’s finances, little is likely to happen, experts say. The insolvency date is still too far in the future.

    The last time Congress enacted a major overhaul, in 1983, Social Security was only months away from being able to pay full benefits. At that time, Democratic lawmakers who controlled the House agreed with Senate Republicans and then-GOP President Ronald Reagan to increase payroll taxes and gradually raise the full retirement age from 65 to 67, among other reforms.

    While President Joe Biden has promised to strengthen Social Security and defend it from any cuts by Republicans, he has yet to lay out a concrete vision for protecting the program. It was not included in his annual budget proposal this year, though he did suggest a financial fix for Medicare, which is facing its own solvency issues.

    Asked about the president’s plan, the White House said that the budget “clearly states his principles for strengthening Social Security.”

    “He looks forward to working with Congress to responsibly strengthen Social Security by ensuring that high-income individuals pay their fair share, without increasing taxes on anyone making less than $400,000,” said Robyn Patterson, assistant press secretary at the White House.

    A multitude of proposals have been floated over the years to address Social Security’s shortfall, many of which have multiple measures.

    Several options focus on saving the entitlement program money, though left-leaning advocates and senior citizen groups are quick to point out that these moves are actually benefit cuts that they would strenuously oppose.

    One common proposal is raising the retirement age. Currently, Americans can start collecting Social Security benefits at 62, though doing so would reduce their lifetime payments by as much as 30%.

    The full retirement age, which had been 65 for much of the program’s existence, is slowly rising to 67 for Americans born in 1960 or later.

    Some policymakers advocate for raising the full retirement age to 70 for future retirees, bringing it more in line with changes in life expectancy. That would mean those retiring earlier than that would get smaller monthly checks than under current law.

    Doing so could wipe out about a third of the Social Security trust fund’s 75-year deficit.

    Last year, the conservative Republican Study Committee released a budget plan that called for raising the full retirement age for future retirees at a rate of three months per year until it is increased to 70 for those born in 1978. It would then link the retirement age to future increases in life expectancy, as well as adjust the number of working years included in benefit calculations to 40 years, up from 35 years.

    Other options include reducing benefits for higher-income Americans, which was also included in the Republican Study Committee’s budget plan.

    New retirees’ Social Security benefits are one-third higher today than they were for folks who retired 20 years ago, even after accounting for inflation, according to Andrew Biggs, senior fellow at the right-leaning American Enterprise Institute. Plus, the maximum Social Security benefit in the US is two to three times higher than the maximum retirement benefit in Canada, the United Kingdom, Australia and New Zealand.

    Biggs supports placing a cap on the maximum benefit that the highest-earning retirees can receive. The maximum benefit this year is about $43,000 and will rise to $59,000 by 2050, he said. Though such a cap would only solve about 10% to 15% of the long-term solvency gap, Biggs argues it’s one step, and it only affects those who he says don’t depend on the benefits.

    “We’re going way, way beyond a pure safety net program,” Biggs said at a recent webinar hosted by the Committee for a Responsible Federal Budget, a government watchdog group. “Here we’re looking at a retirement program for middle income and upper income people.”

    Other suggestions that have been floated include changing the formulas that determine the benefits Americans get upon retirement or the annual cost-of-living adjustment retirees receive to slow the growth of payments.

    The main way to bring more money into the Social Security system is to increase the amount of payroll taxes collected.

    A proposal popular among Democrats and left-leaning experts is to lift the wage cap so that higher-income earners have to shell out more in payroll taxes.

    The Social Security tax rate of 6.2% is levied on both employers and employees, for a total rate of 12.4%. However, in 2023, it’s only applied to annual wages of up to $160,200. (By contrast, Medicare’s 2.9% total payroll tax rate is applied to all wages, and higher-income Americans are subject to an additional 0.9% Medicare tax.)

    When payroll taxes for Social Security were first collected in 1937, about 92% of earnings from jobs covered by the program were subject to the payroll tax, according to the Congressional Budget Office. By 2020, that figure had fallen to about 83% as income inequality has increased.

    Several congressional Democrats have floated proposals to raise the amount of wages subject to the payroll tax. Rep. John Larson of Connecticut wants to apply the payroll tax to wages above $400,000, which he says would extend the program’s solvency by nine years.

    Vermont Sen. Bernie Sanders, an independent, and Massachusetts Sen. Elizabeth Warren, a Democrat, introduced a bill earlier this year that would make multiple changes to Social Security, including subjecting all income above $250,000 to the payroll tax and applying it to investment and business income. They say their reforms would extend the entitlement’s solvency for 75 years.

    But changing the wage cap could also alter the fundamental design of Social Security, in which retirees’ benefits are tied to the amount of taxes they paid into the system while working.

    For instance, the proposal from Sanders and Warren would not credit the additional taxed earnings toward benefits. That would increase the beneficial impact on solvency but would also raise resistance among some advocates who believe the link between taxes and benefits should be maintained.

    Another option is raising the payroll tax rate. Increasing it to a total of 16% would just about assure 75 years of solvency, said Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget.

    Most lawmakers, however, would not find that type of tax hike very palatable, particularly not Republicans who control the House.

    While experts disagree on the best way to address Social Security’s shortfall, one thing they are generally united on is that waiting will only result in having to employ harsher solutions. But that isn’t spurring elected officials to action.

    “Nobody’s acting as if that’s something they’ve got to take seriously,” Biggs said. “So I’ll just be honest and say I’m worried about how this thing plays out.”

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  • No. 3 House Republican defends party’s debt ceiling bill | CNN Politics

    No. 3 House Republican defends party’s debt ceiling bill | CNN Politics



    CNN
     — 

    House Majority Whip Tom Emmer said Sunday that President Joe Biden “doesn’t have to negotiate” over the debt ceiling, saying that “Republicans in the House, led by Kevin McCarthy, have passed the solution.”

    House Republicans last week narrowly passed their bill to raise the nation’s $31.4 trillion debt limit by an additional $1.5 trillion. But the measure faces nearly impossible odds of passing in the Democratic-led Senate. Emmer disagreed with that contention in an interview with CNN’s Dana Bash on “State of the Union.”

    “To say that it’s dead on arrival in the Senate, when you’ve got even Joe Manchin suggesting support for this type of approach, I think that’s not exactly accurate,” the Minnesota Republican said. “If you don’t like something in it, if you have ideas of your own, our speaker is more than willing, I’m sure, to listen to those.”

    The House GOP measure was aimed at boosting Republicans’ efforts to negotiate with Democrats as the country approaches its default deadline as soon as this summer. But the White House has said it will not negotiate a debt ceiling increase and will accept only a clean proposal to raise the nation’s borrowing limit.

    Following passage of the GOP bill, Biden told reporters Wednesday that he would be “happy to meet with McCarthy, but not on whether or not the debt limit gets extended. That’s not negotiable.”

    Separately on Sunday, House Majority Leader Steve Scalise said Biden needs to come to the table to negotiate with Republicans on spending and the debt limit.

    “The White House needs to ultimately get into this negotiation. The president has been in hiding for two months,” the Louisiana Republican said on ABC’s “This Week.”

    “That’s not acceptable to Americans. They expect the president to sit in a room with Speaker McCarthy and start negotiating,” he added.

    The US hit its debt ceiling in January and can’t continue to borrow to meet its obligations unless Congress raises or suspends it. The Treasury Department is avoiding default – which would happen this summer or early fall – by using cash on hand and “extraordinary measures,” which should last at least until early June, Treasury Secretary Janet Yellen said in January.

    A breach of the US debt ceiling could spark a 2008-style economic catastrophe, wiping out millions of jobs and setting America back for generations, Moody’s Analytics has warned.

    Emmer, when asked by Bash if he could guarantee that the US government will not default on its debts, said, “I can, assuming that our president and the (Chuck) Schumer Senate recognize the gravity of the problem. This is no longer about politics.”

    “House Republicans will not allow America to default on its debt,” he added. “We showed that last week.”

    Emmer also disputed the characterization of some of the GOP bill’s provisions to reduce spending as “cuts.”

    “These are spending reforms. And all we’re doing is going back to the Biden-Pelosi budget of last year,” he said, referring to former House Speaker Nancy Pelosi.

    The debt ceiling legislation, dubbed the “Limit, Save, Grow Act,” proposes sizable cuts to domestic programs but would spare the Pentagon’s budget. It would return funding for federal agencies to 2022 levels while aiming to limit the growth in spending to 1% per year. The nonpartisan Congressional Budget Office said the bill would trim government deficits by $4.8 trillion over 10 years.

    As part of the 320-page bill, the GOP is also proposing to block Biden’s plan to grant student loan forgiveness, repeal green energy tax credits and kill new Internal Revenue Service funding enacted as part of the Inflation Reduction Act last year. The plan would also expedite new oil drilling projects while rescinding funding enacted to respond to the Covid-19 pandemic.

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  • ‘You’re wrong’: McCarthy answers his critics as he faces blowback from GOP hardliners | CNN Politics

    ‘You’re wrong’: McCarthy answers his critics as he faces blowback from GOP hardliners | CNN Politics



    CNN
     — 

    Senate Majority Leader Chuck Schumer in February made a bold prediction about the GOP and the debt ceiling, asserting: “We don’t believe they have a plan that can pass with Republican votes in the House.”

    He later insisted that the White House would not negotiate with House Speaker Kevin McCarthy on a debt ceiling increase and that ultimately Congress would lift the borrowing limit without any conditions at all.

    “Clean, clean, clean,” he told CNN in April, referencing the push for a clean debt ceiling resolution.

    But McCarthy ultimately passed a bill in April on GOP votes alone. He then later forced President Joe Biden to negotiate a debt limit suspension with spending cuts. And Wednesday night, the House passed the McCarthy-Biden deal by a 314-177 vote, even winning the backing of 149 House Republicans, more than half of his conference, and the support of 165 Democrats. The Senate passed the bill late Thursday night, and it now goes to Biden’s desk for his signature.

    “You’re wrong,” an ebullient McCarthy said when asked about critics underestimating him.

    After one of the longest speaker’s races in history, winning the gavel after an ugly 15-ballot fight, McCarthy has managed to navigate his ideologically divided conference and bring to an end the debt limit standoff – even to the surprise of some of his sharpest critics.

    “I have been thinking about this day since before my vote for speaker because I knew the debt ceiling was coming,” McCarthy said at a news conference following the vote Wednesday night. “I wanted to make history.”

    When asked if he underestimated the speaker, Schumer didn’t answer directly.

    “No. 1, we avoided default – our number one goal, which we’ve been talking about from day one,” Schumer said. “No. 2, it is a far, far cry from where the Republicans started out.”

    Democrats say if the speaker surprised them in the fiscal fight, it’s because they didn’t think he would hold the specter of the first-ever US default over the White House until Biden agreed to negotiate on his terms.

    “I think the Republican House caucus is willing to go to default,” said Rep. Ted Lieu, a California Democrat. “When dealing with folks like that, it’s really hard to negotiate at all.”

    But it didn’t come without a cost.

    After the debt limit deal passed, Republican Rep. Ken Buck of Colorado told CNN that House conservatives will be having discussions about ousting McCarthy “in the next week or two,” although he didn’t commit to following through with that threat.

    A fired-up Buck, who opposed the debt limit deal, told reporters that he has received calls from constituents about removing McCarthy from the speakership. “My constituents are furious and you know what’s so interesting about the calls in the district? They are not only ‘vote against this bill,’ but they are ‘take McCarthy out.’ That’s what the calls are coming in,” he said.

    The same Republicans who held out their votes for McCarthy’s speakership bid in January hated the deal he struck, arguing that it failed to curtail spending or provide conservatives with key policy wins. Several have publicly talked about moving to oust him for the agreement.

    Rep. Chip Roy, the Texas Republican who has vocally slammed the deal, promised a “reckoning” earlier this week after the agreement was reached. And Rep. Dan Bishop, the North Carolina Republican who publicly vowed to target the speaker and potentially oust him from his job, said of his confidence in McCarthy: “None. Zero. What basis is there for confidence?”

    Still, there haven’t been signs yet that the hardline conservatives will actually move to oust the speaker.

    During a House Freedom Caucus conference call Tuesday night, when the motion to vacate was briefly brought up, Chairman Scott Perry, a Pennsylvania Republican, dismissed the idea as “premature” and the conversation quickly moved on, according to a source on the call.

    The source said that there have been private, “independent” discussions about the motion to vacate among some of McCarthy’s fiercest critics, but not among the Freedom Caucus as a whole, where there is far less appetite to go that route.

    After facing an all-consuming debt limit battle for the last several months, McCarthy is ready for the next act of his young speakership – and he’s taking steps that can win over the far-right furious at him over his debt ceiling deal with the White House.

    To win some of his critics back, he’s promising his members that he wants to set up a bipartisan commission to rein in sky-high deficits while also privately vowing to hold the line in the government funding fights to come.

    Rep. Ralph Norman, a South Carolina Republican who said McCarthy has lost “some trust” by cutting the debt deal, told CNN that the speaker had promised that leadership would be “actively” involved in the appropriations process, saying that’s where “the next big debate” will be.

    While the debt limit and spending has bitterly divided the GOP conference, McCarthy is now free to turn toward more unifying measures – and to go on the attack against the Biden administration instead of cutting a deal with the president. It’s one reason why McCarthy was OK with agreeing to the White House’s demand to suspend the debt limit until January 2025, ensuring the divisive issue won’t be litigated before the 2024 elections.

    Asked what’s next now that the debt crisis is behind them, McCarthy told reporters: “We’ve got a number of things.”

    “We’ve got to do appropriations,” he said. “We’ve got a lot of oversight work to do. I don’t know if you’ve followed … FBI Director Wray, not following through on our subpoena. Now he says he would let us look at the document,” McCarthy told reporters.

    The focus internally is already shifting.

    On Wednesday, House Oversight Chairman James Comer said his committee would begin contempt proceedings as early as next week against Wray, in a move that would serve up red meat to the right flank of the GOP conference.

    Comer has demanded that the FBI turn over an internal law enforcement document related to an unverified allegation against Biden, and he said Wednesday that the FBI’s proposed accommodation to allow Comer to view the document would not be sufficient to stop contempt proceedings.

    Another target for far-right Republicans is Alejandro Mayorkas, the Homeland Security secretary whom conservatives want to impeach over problems at the border.

    Rep. Marjorie Taylor Greene, a far-right Georgia Republican who backed McCarthy’s speakership in January, told reporters that she is willing to swallow the debt ceiling deal but said would like to see a “dessert” to go along with it – and specifically named the idea of impeaching Mayorkas or Wray.

    This story has been updated to reflect the bill’s passage in the Senate.

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