Economics editor at The Bulwark. MS NOW (formerly MSNBC) anchor. Previously WaPo op-ed columnist and NYT reporter. Econ, politics, immigration, tax, etc. + occasional theater nerdery.
Sen. John Kennedy on Trump's blatant reflecting pool lies: "The president says it was caused by vandals. I don't know if he really believes that or it's part of his political messaging or he's just thinking out loud ... he grows anxious when he has an unexpressed thought."
President Trump decided to buy 11 polar icebreakers, worth almost $7 billion, after a game of golf with Finland’s president. The question, experts say, is how many the U.S. really needs. nyti.ms/4hK355K
Three budget-busting reconciliation bills later, Republican “deficit hawks” are still voting yes and promising the spending cuts will come next time. @crampell.bsky.social looks at the GOP’s endlessly deferred version of fiscal responsibility.
Top senators consider blocking the OMB rule. www.politico.com/live-updates...
Top senators consider blocking Trump’s grant shakeup in spending stopgapIt’s now “up to leadership” whether to head off the controversial changes, Sen. Susan Collins said.www.politico.com
Bad news: The 30-year Treasury yield hit a 19-year high today. 🚨🚨🚨 America's going to have to pay more for its colossal debt, which will soon hit $40 trillion. Interest already tops $1T a year and is growing rapidly. Latest GOP/WH plans would increase the deficit. www.bloomberg.com/news/article...
Treasuries Jolted as Fed Hold Trims September Hike BetsUS bond traders lowered their expectations that the Federal Reserve will raise interest rates at its next meeting after officials kept their benchmark steady on Wednesday, while 30-year Treasury yield...www.bloomberg.com@citizencohn.bsky.social on the Trump administration preparing a new attack on Head Start, one of America's most famous anti-poverty programs: "Every child in America deserves a shot…It is the opposite of what Donald Trump believes. So of course they are going to go after this program."
ACA enrollment has dropped in every state, except New Mexico. What's special about New Mexico? They are the only state to fully replace the extra federal premium subsidies that ended this year. www.kff.org/affordable-c...
The Trump administration is planning a backstage census change that's likely to depress participation from minorities, causing selective undercounts so the GOP can "steal congressional seats" and skew financial allocation against blue states. @crampell.bsky.social has the scoop.
Inside Trump’s Stealth Trick to Rig the Census—and CongressThe administration’s latest power grab is disguised as boring technical guidance.www.thebulwark.com
TONIGHT: @coons.senate.gov joins @crampell.bsky.social on The #LastWord at 10pm ET.
TONIGHT: New York Times Finance Reporter Maureen Farrell talks to @crampell.bsky.social on The #LastWord at 10pm ET.
Donald Trump Jr.’s Investment Firm Posts Staggering Returns of 200%The fledgling firm, run by the president’s oldest son and his partner Omeed Malik, has made investments in A.I. and defense technology that have tripled in value in just months.www.nytimes.comTONIGHT: @jaredb-econ.bsky.social talks to @crampell.bsky.social on The #LastWord at 10pm ET.
Trump Administration to Impose New Tariffs of Around 10% on Over 80 NationsThe administration announced new duties tied to countries’ imports of goods made with forced labor, replacing a global 10 percent tariff set to expire at midnight.www.nytimes.com
Very important piece by Cerin Lindgrensavage and @davidasuper.bsky.social. This behavior by the administration is not only illegal, it is anti-constitutional. thehill.com/opinion/cong...
Congress rejected some of Trump’s proposed budget cuts. OMB is making them anyway.President Trump and the Office of Management and Budget are accused of violating the separation of powers by attempting to unilaterally withhold funds that Congress specifically appropriated.thehill.com