Political Fallout From Steve Wynn's Sexual Misconduct Allegations
David Siders, reporter for Politico, breaks down how Steve Wynn's resignation as RNC Finance Chair might affect Donald Trump and the GOP as a whole. Siders doesn't expect it to be a game changer.
Paul Ryan will donate contributions received from a Steve Wynn linked group following allegations of sexual misconduct against the casino mogul. Siders believes the biggest impact will be felt in Wynn's home state of Nevada where Senator Dean Heller (R-NV) is running in a tough race for re-election. Wynn has personally endorsed Heller's campaign. Since the allegations surfaced, Heller also pledged to donate contributions received from Wynn to charity.
Siders isn't sure this news will impact voters across the country since Wynn isn't very well known outside of Nevada. Siders says Wynn's resignation won't matter too much because the GOP will just find another wealthy person to take the chair.
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.
