It's déjà vu in Washington D.C. as another memo and another government shutdown loom over the world of politics. Rare Politics' Jack Hunter joins Cheddar to break down whether Democrats will release their own memo about the FBI. He considers what's at stake for both parties as the politicization of the intelligence community continues into a second week.
President Trump said he felt "vindicated" by the release of Rep. Devin Nunes' (R-CA) disputed memo. The editor explains how politicians from both sides of the aisle are reacting to the statement. He also assesses the D.C. landscape as the government hurdles into yet another funding deadline.
Hunter gives his prediction as to whether both sides will be able to agree on a DACA deal by week's end. He also reveals how he thinks Speaker Paul Ryan handled the controversy surrounding his $1.50 tweet over the weekend. He deleted the tweet after touting the tax plan for saving some Americans $1.50 a week.
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.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
