President Donald Trump’s economic approach is causing concern among members of his administration and Republicans in Congress as the stock market struggles. The administration is imposing tariffs on imports and cutting federal government jobs, grants, and contracts. The effects on the economy are immediate, leading to fears of slower growth or a recession. Despite this, Trump remains focused on his long-term goals of reducing inflation and making America more affordable. Senate Republicans are expressing concerns about the administration’s trade wars and fear the negative impact on the economy, with Sen. Rand Paul warning of potential devastating effects on various industries, including bourbon.
In other news, the Trump administration asked the Supreme Court to narrow injunctions blocking its plan to end automatic birthright citizenship, and a federal judge ruled that thousands of probationary federal employees must be reinstated. Additionally, the White House directed the military to increase its presence in Panama for the goal of taking over the Panama Canal. On the international front, Russian President Vladimir Putin expressed readiness for a cease-fire in Ukraine but suggested further conditions needed to be met.
Meanwhile, Kamala Harris faced challenges in the 2024 election campaign as she navigated the need to show differentiation from Joe Biden while maintaining loyalty to his presidency. Her campaign focused on aligning herself closely with Biden’s policies, receiving critiques for lacking a clear vision of her own. Former Transportation Secretary Pete Buttigieg announced he won’t run for Senate or governor in Michigan, potentially signaling another presidential bid in 2028. Other potential Democratic presidential contenders, including Michigan Gov. Gretchen Whitmer and Pennsylvania Gov. Josh Shapiro, will address House Democrats at their annual retreat.
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