*By J.D. Durkin*
On the day of the overwhelming 402-11 House vote in favor of permanently extending the September 11th Victim's Compensation Fund, New York Congresswoman Alexandria Ocasio-Cortez told Cheddar she feels good about the bill — H.R. 1327 — and its chances to pass the Senate.
More or less.
The House is one thing. But as John Feal, one of the 9/11 first responders synonymous with the reauthorization effort recently told Cheddar, "The Senate is where bills go to die." Working with Senate Majority Leader Mitch McConnell is still the last hurdle to make permanent protections a reality. But Rep. Ocasio-Cortez says there's reason to adopt a trust-but-verify approach.
"I'm actually cautiously optimistic," AOC told Cheddar. "I spoke with some of our survivors, our first responders. And they said they've been actively whipping \[McConnell\]'s support." Several first responders, including Feal, recently sat down with McConnell in his Capitol Hill office to present the Kentucky Republican with Detective Luis Alvarez's NYPD badge.
Rep. Ocasio-Cortez, who met with 9/11 responders and advocates following the House vote Friday, did note the hazards of the bill's next step. "I would hope that \[McConnell\] doesn't use it as a bargaining chip for anything else," she said.
Friday featured a press conference helmed by House Speaker Nancy Pelosi and the main supporters of the bill: Rep.'s Jerry Nadler (D), Carolyn Maloney (D), and Peter King (R), all of New York.
Former "Daily Show" host Jon Stewart set an ambitious goal at Friday's press conference: a desired signing ceremony for the bill's passage on Friday, August 2nd. "As far as I'm concerned, that's our deadline," he told Cheddar.
For President Donald Trump, tariffs — or the threat of them — can bend nations to his will.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
