Daily Wire's Michael Knowles on Midterms: GOP Should be "Terrified"
President Trump is doubling down on his plan to place tariffs on steel and aluminum imports despite facing backlash from his own party. Michael Knowles, host of "The Michael Knowles Show" podcast on conservative site The Daily Wire, shares his take on trade wars and the 2018 midterm elections.
House Speaker Paul Ryan said Monday he's extremely worried about the consequences of tariffs. "I wonder if Paul Ryan is playing a little bit of good cop to Trump's bad cop here," said Knowles. "I wonder if...he is simply using very tough talk, he is using very tough means, and very tough negotiating tactics to try to address a real problem," added Knowles.
Midterm elections started Tuesday with the Texas primaries marking the official start of the season. Early voting data indicates a growth in Democratic support in the typically red state. Knowles says the GOP should be "terrified" heading into the midterm elections.
A legislative package to end the government shutdown appears on track. A handful of Senate Democrats joined with Republicans to advance the bill after what's become a deepening disruption of federal programs and services. But hurdles remain. Senators are hopeful they can pass the package as soon as Monday and send it to the House. What’s in and out of the bipartisan deal has drawn criticism and leaves few senators fully satisfied. The legislation includes funding for SNAP food aid and other programs while ensuring backpay for furloughed federal workers. But it fails to fund expiring health care subsidies Democrats have been fighting for, pushing that debate off for a vote next month.
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
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.
