California Sen. Kamala Harris and South Bend Mayor Pete Buttigieg are the most formidable of the two dozen Democratic presidential candidates, according to Anthony Scaramucci.
Harris is a “very gifted person ... she has a very good track record to run on,” Scaramucci told Cheddar on Tuesday, noting the she has the ability to rebuild the coalition of voters that elected President Obama.
Better known as the Mooch, Scaramucci also praised Buttigieg’s calculated approach to politics and his sober responses to attacks from President Trump.
Buttigieg has “never once taken President Trump’s bait,” Scaramucci said. “The more successful way to counteract some of the president’s media onslaught and his deft skills at criticizing people is not necessarily go in the mud with him.”
He said that a presidential ticket with Harris and Buttigieg — or Buttigieg and Harris — was a winning strategy. “I’m not a democratic strategist but I would go in that direction,” he said.
Scaramucci is a prominent New York investment banker and the founder of Skybridge Capital. He also served a brief stint as White House Communications Director in 2017, which gave him what he called an “11-day PhD” on Washington culture. His tenure was cut extremely short after he gave an interview to The New Yorker in which he criticized other members of the administration with expletives and derogatory language.
Scaramucci added that Democrats do better in elections with younger nominees — a reality that does not bode well for former Vice President Joe Biden despite his strong polling numbers.
“If they go with Joe Biden … the president will be able to run against his 50 years of sedimentary record inside the Washington establishment,” he said.
Scaramucci also lauded Massachusetts Sen. Elizabeth Warren’s fundraising capabilities and impressive staffing in key states, but predicted that she would lose in a general election against Trump.
“She just has the wrong ideas and the wrong policy solutions for where the American people are right now,” he said.
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.
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.
