logo
America first? More like ‘America last,' Mass. Gov. Healey slams Trump during MSNBC interview

America first? More like ‘America last,' Mass. Gov. Healey slams Trump during MSNBC interview

Yahoo23-04-2025
President Donald Trump's trade war, his attacks on universities, and his immigration policies are undercutting American competitiveness, driving up costs and advantaging rivals such as China, Massachusetts Gov. Maura Healey said Wednesday.
'For a president who is about America first, he's making America last,' Healey said during an appearance on MSNBC's 'Morning Joe' program.
The Arlington Democrat, who has been boosting her nationwide profile as the Republican White House has escalated its attacks on the Bay State, offered some of her most comprehensive criticism yet of an array of Trump administration policies.
Healey reflected on a visit to UMass Chan Medical School last week, where she and the school's leaders said cuts to the National Institutes of Health were already impacting the state's economy.
'Because of Donald Trump's cuts, they've had to lay off 200 faculty members,' Healey told 'Morning Joe' host Mika Brzezinski.
'They've had to rescind offers to 80 graduate students. Because these are scientists, okay?' Healey continued. 'These are people who are discovering and working on life-saving cures for cancer, Alzheimer's, ALS, you name it, and all of that is being shut down.'
Read More: 200 jobs affected at UMass Chan in Worcester due to Trump cuts
As a result, Trump's 'misguided attacks on our universities and on research,' at UMass, Harvard University and other schools 'are benefiting China,' Healey said.
'China is recruiting right now on our campuses, all those scientists and faculty members and students who've been laid off or had their offers rescinded and say, 'Come to China. We'll build you that lab,' she continued.
Healey's comments on that score were substantially similar to those she made during an appearance on CBS News' 'Face the Nation' program on Sunday.
Read More: Mass Gov. Healey: Trump's funding cuts, attacks on Harvard are 'bad for science'
'It's bad for patients, it's bad for science, and it's really bad for American competitiveness,' Healey said during that Sunday interview. 'As governor, I want Massachusetts to soar. I want America soaring. And what Donald Trump is doing is basically saying to China and other ... countries, come to the United States, take — take our scientists, take our researchers, and ... that's what's happening."
As she has for weeks, Healey continued to stress that the state doesn't have the money to backfill the loss of billions of dollars of federal support that provide the underpinning for her $62 billion budget proposal for the new fiscal year that starts July 1.
But she said the state is taking other steps, including meeting with business leaders and offering resources for those affected by tariffs.
Read More: Are you a Mass. business feeling the bite from tariffs? New Healey admin effort aims to help
'It is challenging as a governor who cut taxes, as a governor who's building housing,' Healey, who signed a $5.1 billion housing bond bill into law last year, said.
'You know, it is so disruptive that we have these tariffs, where now my lumber is coming from Canada, and the gypsum and other materials are coming from Mexico, and Trump just made housing a lot more expensive to build,' she said.
With Healey seeking a second term in 2026 and a growing field of Republican opponents emerging, the pressure is on the Democratic governor to deliver on a host of policy priorities.
The twin challenges of Massachusetts' housing and shelter crisis have taken a toll on Healey's popularity, with a majority of respondents to a February poll giving her the thumbs-down on those two issues.
On MSNBC on Wednesday, Healey laid the blame for the state's ills at Trump's feet.
'It's just another example of Donald Trump not showing up for everyday Americans, not delivering on results, making it very hard for governors like me, who want to deliver for our residents, who want to grow the economy,' she said.
Hundreds of experts: US sliding toward authoritarianism
GOP congressman asks audience 'Don't boo' after Elon Musk, DOGE remarks
Mass. Sen. Warren, Dems ask inspector general for answers on Social Security cuts
Trump supports no trials for undocumented immigrants before deportation
Hollywood icon punches back with 3-word response to Trump taunt
Read the original article on MassLive.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dollar Gains as President Trump Downplays Rift with Fed Chair Powell
Dollar Gains as President Trump Downplays Rift with Fed Chair Powell

Yahoo

time20 minutes ago

  • Yahoo

Dollar Gains as President Trump Downplays Rift with Fed Chair Powell

The dollar index (DXY00) today is up by +0.35%. The dollar is climbing today on comments made late Thursday from President Trump that firing Fed Chair Powell wasn't necessary, easing concerns around the Fed's independence that could spark foreign investors to shun dollar assets. Higher T-note yields today are also supportive of the dollar. On the negative side was today's report on US Jun capital goods new orders nondefense ex-aircraft & parts that unexpectedly declined. US Jun capital goods new orders nondefense ex-aircraft & parts unexpectedly fell -0.7% m/m, weaker than expectations of a +0.1% m/m increase. More News from Barchart Dollar Pressured by Signs of Slower US Manufacturing Activity Dollar Edges Higher with T-Note Yields Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. President Trump downplayed his clash with Fed Chair Powell, stating that there was "no tension" between them and that he simply wants to see interest rates lowered. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 63% at the following meeting on September 16-17. EUR/USD (^EURUSD) today is down by -0.13%. The euro is under pressure today from a stronger dollar. However, today's Eurozone economic news was supportive for the euro after the Eurozone's June M3 money supply rose less than expected and the German July IFO business confidence index rose to a 14-month high. Also, hawkish ECB comments were positive for the euro after ECB Governing Council member Kazaks said he saw little reason to lower interest rates further, and ECB Governing Council member and Bundesbank President Nagel stated that a steady monetary policy from the ECB is appropriate. Eurozone Jun M3 money supply rose +.3% y/y, weaker than expectations of +3.7% y/y and the slowest pace of increase in 9 months. The German Jul IFO business confidence index rose +0.2 to a 14-month high of 88.6, although weaker than expectations of 89.0. ECB Governing Council member Kazaks said he saw little reason to lower interest rates further unless the economy suffers a major blow, and "There is value in the ECB holding interest rates at current levels and the time of no-brainer moves to hike or cut rates is over." ECB Governing Council member and Bundesbank President Nagel said a steady monetary policy from the ECB is appropriate because the inflation outlook has remained unchanged and the economic outlook has improved slightly. Swaps are pricing in an 18% chance of a -25 bp rate cut by the ECB at the September 11 policy meeting. USD/JPY (^USDJPY) today is up by +0.44%. The yen is moving lower against the dollar today after Japan's Jul Tokyo CPI rose less than expected and the May leading index CI was revised lower, dovish factors for BOJ policy. Higher T-note yields today are also weighing on the yen. The yen continues to be undercut by concerns that the LDP's loss of its majority in Japan's upper house in Sunday's elections may lead to fiscal deterioration in Japan's government finances, as the government boosts spending and implements tax cuts. On the positive side for the yen was a report from Bloomberg stating that BOJ officials see the possibility of another interest rate hike this year, following the US and Japan's trade deal announcement this week. Japan Jul Tokyo CPI rose +2.9% y/y, weaker than expectations of +3.0% y/y. Jul Tokyo CPI ex-fresh food and energy rose +3.1% y/y, right on expectations. Japan Jun PPI services prices rose +3.2% y/y, right on expectations. The Japan May leading index CI was revised downward to 104.8 from the previously reported 105.3. August gold (GCQ25) today is down -36.40 (-1.08%), and September silver (SIU25) is down -0.324 (-0.83%). Precious metals are moving lower today, with gold prices falling to a 1-week low. Today's stronger dollar is bearish for metals prices. Also, higher T-note yields today are weighing on precious metals. Comments late Thursday from President Trump reduced safe-haven demand for precious metals when he downplayed his clash with Fed Chair Powell, easing concerns about the Fed's independence by stating that there was "no tension" with Powell. In addition, hawkish comments from the ECB today weighed on precious metals, as ECB Governing Council member Kazaks stated that he saw little reason to lower interest rates further, and ECB Governing Council member and Bundesbank President Nagel emphasized the need for a steady monetary policy from the ECB. Precious metals continue to receive safe-haven support from geopolitical risks, including the conflicts in Ukraine and the Middle East. Fund buying of precious metals continues to support prices after gold holdings in ETFs rose to a two-year high on Thursday, and silver holdings in ETFs reached a three-year high on the same day. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio

Trump considers 'rebates' to US taxpayers from tariff income
Trump considers 'rebates' to US taxpayers from tariff income

USA Today

time21 minutes ago

  • USA Today

Trump considers 'rebates' to US taxpayers from tariff income

Trump said the top priority from tariffs is to reduce the country's debt but he is considering rebates. He didn't specify how big rebates would be or who would qualify. WASHINGTON – President Donald Trump said he is considering distributing rebates to U.S. taxpayers because of billions of dollars from tariffs flowing in from foreign imports. Trump roiled international markets earlier this year by imposing tariffs on specific countries and on specific goods, such as steel and aluminum. As he continues to phase them in, White House press secretary Karoline Leavitt said July 11 those in place have already raised $100 billion. 'We have so much money coming in, we're thinking about a little rebate,' Trump told reporters July 25 before leaving for Scotland to refine details of a trade agreement with the United Kingdom. Any rebate to taxpayers would likely require approval by Congress, which governs taxation and spending. But the House and Senate are controlled by Republicans aligned with Trump. Trump didn't specify the size of rebates he is considering or who would qualify. The tariffs are projected to raise trillions of dollars in the coming years, but economists have warned they could also spur inflation and slow economic growth. Trump said his primary goal from tariffs is to pay down debt but there might be enough for rebates to individual taxpayers. 'The big thing we want to do is pay down debt,' Trump said. 'But we're thinking about rebates.' Trump suggested the rebates could be restricted to taxpayers with certain incomes. But he didn't elaborate on who would qualify. 'We're thinking about a rebate because we have so much money coming in from tariffs that a little rebate for people of a certain income level might be very nice,' Trump said. Trump announced worldwide tariffs April 2 but then paused them amid a worldwide outcry and spiraling stock market. But he has sent letters to 25 countries threatening tariffs that will go into effect Aug. 1 unless the countries strike individual trade deals with the United States. Trump recently reached trade deals with Japan, South Korea and the Philippines. He earlier reached a deal with the United Kingdom and a framework for negotiations with China. But the country's largest trading partners in Canada and Mexico haven't reached deals, and neither has the European Union.

Trump's Fed building tour ends with a relief signal for Powell
Trump's Fed building tour ends with a relief signal for Powell

Los Angeles Times

time21 minutes ago

  • Los Angeles Times

Trump's Fed building tour ends with a relief signal for Powell

President Donald Trump's unprecedented walk-through of the Federal Reserve's now-controversial building renovation project with Jerome Powell ended with a sign of relief for the central bank chief who's been under pressure for months to slash interest rates. There's 'no tension' with Powell, Trump said after the Thursday tour — which featured the two men publicly trading barbs over the cost of a project that the president's allies have used to blast the Fed chair's leadership. Subscribe to the Bloomberg Daybreak Podcast on Apple, Spotify and other Podcast Platforms. The president indicated that problems with the project probably weren't reason enough to fire the central bank head. 'To do that is a big move, and I just don't think it's necessary,' he told reporters. Investors reacted, sending the dollar higher and gold prices lower. 'The Fed chair is apparently safe for the time being,' Ian Lyngen, head of US rates strategy at BMO Capital Markets, wrote in a note to clients. 'It's notable that the rumblings on Powell's replacement are no longer center stage,' he added, while highlighting things may well change next Wednesday, with the Fed expected to keep rates on hold. The remarkable tour was not without moments of tension. The president joked that he might ordinarily remove a project manager who oversaw similar cost overruns. He ribbed Powell — who for months has faced presidential criticism — over interest rates. 'Well, I'd love him to lower interest rates. Other than that, what can I tell you?' Trump said. For its part, the Fed said in a statement Friday it was 'honored to welcome the president yesterday for a visit to our historic headquarters.' 'We are grateful for the president's encouragement to complete this important project,' the Fed said. The president's visit was a rare spectacle, with Trump being the first president to visit the Federal Reserve in nearly two decades — a dramatic example of how in his second term he has ramped up his pressure on the chairman, threatening longstanding norms about the central bank's independence and autonomy, in his bid to secure lower rates. Trump's second White House term has been marked by an expansion of executive power that's helped him bring myriad institutions and industries to heel — except the Federal Reserve. The tour opened with Trump and Powell, wearing white hard hats, coming down the dimly lit hallway to speak with reporters. Trump honed in on what he and his allies say is an exorbitant cost for renovating a federal building, while Powell shook his head. In a tense moment, a visibly uncomfortable Powell pushed back and shook his head when Trump claimed the renovation costs had hit $3.1 billion. 'Third Building' When the president offered Powell a piece of paper he cast as offering details on the new estimate, Powell tersely told Trump his revised claim included a building that had already been completed. 'That's a third building,' Powell said, interrupting the president. 'It was built five years ago.' Asked by a reporter what he would do if a manager on one of his construction projects had gone over budget, Trump replied bluntly. 'Generally speaking, what would I do?' Trump said. 'I'd fire 'em.' Powell laughed as Trump knocked him on the arm and the president added that he did not 'want to be personal.' 'I just would like to see it get finished,' Trump said. The scene suggested there wasn't much of a thaw between the two men, who almost immediately assumed the stances they have taken for months. The renovation at the bank has offered Trump and his allies another weapon to intensify their criticism of Powell as they seize on cost overruns, casting the renovation as an extravagant project that is wasting money. Thursday's visit to see the work first-hand put Trump standing side-by-side with the central bank chief that he has regularly lambasted and tried to humiliate on social media. Still, at the conclusion of the tour, Trump was asked if he had seen evidence of mismanagement and waste and ultimately demurred. While he said he saw a 'very luxurious situation taking place,' the president conceded that he understood that security measures and need for construction in the basement brought with it high costs. 'Look, there's always Monday morning quarterbacks — I don't want to be that,' Trump said. 'I want to help them get it finished.' And while the real estate mogul, who regularly touts his experience having overseen massive construction projects in his home of New York, said he had undertaken bigger jobs than the Fed work in the past and kept costs manageable, he indicated he did not consider the cost overruns alone enough to remove Powell from the job. 'I don't want to put that in this category,' Trump said. The president also repeatedly turned his focus back to the central bank's rate-setting policies. 'I just want to see one thing happen, very simple: Interest rates have to come down,' he said. More broadly, Trump said he and Powell had a 'good meeting' but declined to characterize their private discussion on interest rates, alluding to the Fed's current blackout period ahead of their meeting next week. 'You know, his term comes up soon. I think he's going to do the right thing. Everybody knows what the right thing is,' he added. Federal Reserve officials are widely expected to hold interest rates steady for a fifth consecutive time following their meeting next week. A majority of policymakers expect to lower rates at least twice before year end, according to projections released in June. But Powell and several other officials have said they prefer to approach policy adjustments carefully, as they guard against the possibility that Trump's tariffs policies will lead to persistent inflation. Policymakers have also said an overall stable labor market provides them room for patience on interest-rate cuts. Despite Trump's pressure, which has seen him consult lawmakers on whether he should fire Powell and at time insist he has no such plans, the chairman has given no indication that he's considering leaving early or even ruled out staying on as a regular board member once his term as chair expires in May. Trump's entourage includes some of the most strident critics of Powell in the administration, including Bill Pulte, the head of the Federal Housing Finance Agency, who has accused the chairman of misleading Congress about the renovation and called for his resignation. and budget director Russ Vought. Speaking to reporters after the tour, Vought said that the tour had given administration officials more insight into the work but that they still had questions that had not been answered. Vought said that some of the work could have been done better and that the renovation had to control costs. Powell has called reports about the renovation work inaccurate and after Republican criticism intensified in recent weeks, made a request for the bank's inspector general to review the restoration work. Earlier Thursday, Fed staff led reporters on a tour of the active construction site, which they said hosts about 700 to 800 workers daily over two shifts. Cost overruns have been driven in part by security requirements, including blast-resistant windows, officials said. Still, the overall project's budget has grown to $2.5 billion in 2025 from $1.9 billion in recent years, fueling questions about overruns. In a social media post after he returned to the White House, Trump said the renovation work 'would have been much better if it were never started, but it is what it is and, hopefully, it will be finished ASAP,' before again pivoting to interest rates. 'With all of that being said, let's just get it finished and, even more importantly, LOWER INTEREST RATES!,' he wrote. Wingrove and Omeokwe write for Bloomberg.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store