Mike Bloomberg, three-time mayor of New York City, was not on the Democratic debate stage last night, but his senior advisor Tim O'Brien told Cheddar Friday that Bloomberg's time governing a major metropolis will help him moving forward.
"He has a long list of policy prescriptions that are not only promises but are based on the fact that he's governed and delivered on solutions to voters in the past," he said.
Bloomberg, whom O'Brien said is "nipping at Pete Buttigieg's heels," did not qualify for last night's debate because his campaign is self-funded. He is relying on a different approach in what he hopes is his path to success, already outspending his Democratic opponents on television and online ads.
The candidate has spent at least $24 million on Google and Facebook already, nearly matching President Trump's $31.6 million in ad spending on the platforms this year.
The other 2020 Democratic candidates have also sparred over the subject of experience, and the sixth Democratic debate last night was no different. Senator Amy Klobuchar challenged Mayor Pete Buttigieg for the South Bend mayor's lack of time spent in national governance.
"The last time we debated, you, basically, mocked the 100 years of experience on the stage," Klobuchar told Buttigieg. "I just think you should respect our experience when you look at how you evaluate someone who can get things done."
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.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
