Former National Security Advisor John Bolton's name may not have made it onto the Senate floor until the final hours of the president's defense arguments Monday, but he's on everyone's minds ahead of the final day of defense.
"I'd like to hear from John Bolton," Senator Mitt Romney (R-Utah) told Cheddar when asked about the new Republican plan which, from the sounds of it, might be gaining steam in the Senate hallways today. Senators James Lankford (R-Okla.) suggested senators should be able to read Bolton's bombshell manuscript in a classified setting, though Democrats like Senate Minority Leader Chuck Schumer of New York, have criticized that idea as "absurd" since the book will be published next month.
"We should see it, but that's no substitute for taking an oath. A manuscript isn't done under oath. And it also isn't a substitute for being cross-examined," Senator Tim Kaine (D-Va.) told Cheddar. "As the White House counsel says, cross-examination is the greatest engine for the discovery of truth. They've said it now twice. So we should examine and cross-examine."
Although Senator Lindsey Graham (R-S.C.) initially appeared to support Lankford's suggestion, he later clarified his tweeted remarks to reporters.
"Apparently [Bolton's manuscript] is in a classified setting now. I'm just suggesting if it's in a classified setting now, let's look at it in that setting," Graham told reporters on his way to the Senate floor on Tuesday afternoon. "This was Senator Lankford's idea, it makes perfect sense to me. I don't know if that's achievable but that would be a solution to the problem."
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.
A new report finds the Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
Shares of Tylenol maker Kenvue are bouncing back sharply before the opening bell a day after President Donald Trump promoted unproven and in some cases discredited ties between Tylenol, vaccines and autism. Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday. The drugmaker tumbled 7.5%. Shares have regained most of those losses early Tuesday in premarket trading.
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. His approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
President Donald Trump’s efforts to reshape the American media landscape have led to the suspension of late-night comedian Jimmy Kimmel.
