Jack Hunter, editor of Rare Politics. and Jarad Geldner, senior adviser for the Democratic Coalition, discuss Washington's busy week. They cover everything from what could be a government shutdown on Friday, to the RNC's endorsement of Roy Moore, to the Senate's recent passing of tax reform.
We dig into the rescheduling of Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi's meeting with the President. The two top democrats will argue for a fix for both CHIP and DACA in the budget. Jarad discusses the overall feeling in Washington as tense ahead of Friday's spending deadline.
Jack weighs in on the RNC's recent embrace of Roy Moore, alleged child sex offender and Alabama candidate for Senate. Hunter notes that the alleged behavior is deplorable, and no one should be dismissing it. Jack also discusses why some Senate Republicans, like John McCain, suddenly jumped on board tax reform. He points out that the number one concern of the Republican party has always been taxes, which is why they were able to pass it as easily as they did.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
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.
