The discussion covered the U.S. tariff policy, with a 10% baseline for other countries and a 125% tariff for China due to their escalation. Matt Gagnon highlighted the delay in the Republican budget blueprint vote due to conservative opposition, emphasizing the need for Congress to act on executive orders for permanence. He noted the volatility in the stock and bond markets, with the bond market valued at $50 trillion and a $9 trillion refinancing need this year. Gagnon also discussed the impact of rising bond yields on debt repayment costs, comparing it to Pentagon spending. He stressed the importance of economic growth metrics since 2008 and the need for a coherent strategy to address the country’s fiscal situation.
They gathered at the Washington National Cathedral on Thursday — former presidents, vice presidents, sworn political foes and newfound friends — in a show of respect and remembrance for Dick Cheney, the consequential and polarizing vice president who became an acidic scold of President Donald Trump.
Melania Trump and Usha Vance took their first trip together, spending time in North Carolina on Wednesday with service members and their families to show appreciation for their service and sacrifice as the holidays approach.
Members of the Sackler family who own OxyContin maker Purdue Pharma must pay billions of dollars to settle a flood of lawsuits over the harms of opioids, in a new deal formally approved by a federal bankruptcy judge on Tuesday.
The House voted overwhelmingly in favor of a bill Tuesday to force the Justice Department to publicly release its files on the convicted sex offender Jeffrey Epstein, a remarkable display of approval for an effort that had struggled for months to overcome opposition from President Donald Trump and Republican leadership.
