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Harsh Reality of US Deal Stirs EU Soul-Searching Over Lost Clout

Harsh Reality of US Deal Stirs EU Soul-Searching Over Lost Clout

Bloomberga day ago
As European Union leaders work through the consequences of their new trading arrangement with the US, they are confronting the bitter reality of just how far they have fallen.
Donald Trump held court on Sunday at one of the golf courses he owns on the Scottish coast, touting the new ballroom he'd had built at the clubhouse and delivering a lengthy tirade on the problems with wind turbines. European Commission chief Ursula von der Leyen had to wait until the US president had finished his round for the day before she got her chance to discuss the transatlantic trade relationship.
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Democrats use obscure law to seek release of Epstein files
Democrats use obscure law to seek release of Epstein files

Yahoo

time11 minutes ago

  • Yahoo

Democrats use obscure law to seek release of Epstein files

Democrats moved Wednesday to force Donald Trump to release files from the investigation into notorious sex offender Jeffrey Epstein, invoking an obscure law to keep up the pressure on an issue that has roiled the US president's administration. The White House has been facing increasingly intense demands to be more transparent about the disgraced financier, who died in federal prison in 2019 while awaiting trial on sex-trafficking charges. The president raised further questions about his past relationship with Epstein on Tuesday when he told reporters he fell out with his former friend after the disgraced financier "stole" employees from the spa at his Mar-a-Lago resort. The Justice Department angered Trump supporters earlier this month when it said Epstein had died by suicide and had no "client list" -- rebuffing conspiracy theories about the supposed complicity of high-profile Democrats that leading figures in Trump's MAGA movement had been pushing for years. Senate Minority Leader Chuck Schumer and the Democrats on the Homeland Security and Governmental Affairs Committee wrote to the Justice Department asking for the materials under a section of federal law known as the "rule of five." The measure -- introduced a century ago but rarely used -- requires government departments to provide relevant information if any five members of the Senate's chief watchdog panel request it. It is not clear if it could be enforced in court but even if the effort fails it keeps the spotlight on an issue that has upended Trump's summer, dividing Republicans and leading to the early closure of the House of Representatives. Trump has urged his supporters to drop demands for the Epstein files, but Democrats in Congress -- with limited Republican support -- have been seeking a floor vote to force their release. House Oversight Committee Democrats, backed by some Republicans, approved a subpoena last week for the Justice Department to hand over the documents, although the demand has yet to be sent. Lawmakers have also been seeking testimony from Epstein's accomplice Ghislaine Maxwell, who is serving 20 years in prison for her role in his crimes. Maxwell's lawyer has said she would speak to the House Oversight and Government Reform Committee if granted immunity for her testimony. "The Oversight Committee will respond to Ms. Maxwell's attorney soon, but it will not consider granting congressional immunity for her testimony," a spokesman for the panel said. Democrats have also sought to attach votes on the Epstein files to unrelated bills multiple times, prompting Speaker Mike Johnson to send lawmakers home for the summer a day early last week rather than risk them succeeding. "Donald Trump promised he would release the Epstein files while he was on the campaign trail. He made that promise, and he has yet to do it," Schumer said in a speech Tuesday on the Senate floor. ft/dw

Texas redistricting: Republicans propose new map, Democrats try to counter
Texas redistricting: Republicans propose new map, Democrats try to counter

USA Today

time13 minutes ago

  • USA Today

Texas redistricting: Republicans propose new map, Democrats try to counter

WASHINGTON − An ongoing effort by Republicans to redraw Texas' congressional map ahead of the 2026 midterm elections continues to agitate Democrats across the country, as they search for ways to block or counter an initiative sought by President Donald Trump. The White House has urged Texas Gov. Greg Abbott and state Republicans to advance on a rare mid-decade redistricting, with the hope that shifting boundaries could help the party pick up as many as five seats in next year's race for control of the U.S. House. House Speaker Mike Johnson, R-Louisiana, and the GOP are hoping the boost can help them hang onto their razor-thin lower chamber majority during the final two years of Trump's second term and amid the 2028 race for the White House. Texas Democrats balked when Abbott agreed to add redistricting to their to-do list for a 30-day special session that began July 21 in Austin. Now, liberal lawmakers are crying foul with blue state governors threatening tit-for-tat responses and Texas Democrats weighing their own limited protest options as the GOP seeks to make major changes to the critical voter boundary lines that make up the nation's second largest congressional delegation. Here's the latest to know on the controversial redistricting effort happening in the Lone Star State. What could a new map look like? Texas Republicans released their proposed new map on July 30. Ahead of the official release, Punchbowl News first reported that the anticipated redraw would shift district boundaries around Dallas, Houston, Austin and the Rio Grande Valley. There would still be 38 total seats in the Texas delegation under the new maps - leaving it second only to California's 52 seats. But five Texas seats would be redrawn in a bid that Republican envision giving their candidates a leg up with more GOP voters. Democrats who at risk of losing their spot in Congress include Reps. Henry Cuellar, Vicente Gonzalez and Marc Veasey, according to Punchbowl. Democrats charge partisan law violation The rare push to redraw the boundary lines has led Democratic senators to accuse Trump administration officials of breaking a decades-old law limiting executive branch employees from engaging in partisan activities − such as advocating for a state's redistricting in order to benefit their political party. In a letter to the Office of Special Counsel, California Sens. Alex Padilla and Adam Schiff, along with Rhode Island's Sheldon Whitehouse and Illinois' Dick Durbin, called for an investigation into members of Trump's White House and Justice Department, accusing them of breaking the Hatch Act. "The purpose of this redistricting push is to defeat Democratic Members of Congress and elect Republicans to affect the balance of political party power in the 120th Congress," the senators wrote. "While such goals are appropriate for a political party organization, they are not appropriate for executive branch officials," they added, "especially at the Department of Justice which must take greater steps to ensure it acts with impartiality." The Hatch Act does not apply to the president or vice president. Hakeem Jeffries took a trip to Texas House Minority Leader Hakeem Jeffries, D-New York, made a trip to Texas July 30, the same day Republicans released their proposed map. While there, Politico reported that Jeffries planned to meet with Rep. Al Green, a Houston lawmaker whose district could be caught in the crosshairs of a major map shake up. "We understand that this is all hands on deck for us in the Democratic Party," Green told Politico. Jeffries has been vocal in his opposition to the redistricting plans, saying in a July 15 press conference, "Texas Republicans are likely going to continue to act like political punks and bend the knee to Donald Trump's extreme agenda." Later, he told CNN, regarding Democrats' response: "Let me just simply say the maps in New York are not as fair as they could be." Redistricting arms race could ensue Jeffries is not the only blue state lawmaker proposing an equal and opposite reaction to Texas. Democrats coast-to-coast have promised a full-scale counterattack, should the Lone Star State move forward with redistricting. "We're not going to be sitting back with one hand tied behind our back while Republicans try to undermine the voices of the American people," Rep. Suzan DelBene, a Democrat from Washington and Democratic Congressional Campaign Committee, told reporters at a meeting July 23. California Gov. Gavin Newsom has suggested a redistricting in his state to offset Republican actions. (But unlike in Texas where legislators decide district lines, Newsom does face a major obstacle in the form of a bipartisan redistricting commission, which oversees California's maps.) The response from Democrats has enticed other Republican-controlled states to potentially jump in too. Missouri Republicans are pondering a plan to give their party a geographical leg up, and legislatures in other states such as Florida and New Hampshire have the ability to reevaluate maps like Texas. Texas Democrats eye leaving the state Back in Texas, Democrats have a limited number of options to counter a GOP-controlled state House and Senate. Their primary tool is a controversial and seldom used move to flee the state and break the quorum necessary to proceed in the legislative session. State Democrats last used the measure in 2021 to protest new voting restrictions. After that episode, in which representatives halted operations for 38 days, Republicans approved a $500 a day fine for breaking quorum. The monetary punishment could be enough to give Democrats pause about leaving the state this time. However, the Texas Tribune reported deep-pocked Democratic donors are ready to assist and enable a potential walkout.

Along with a strong second quarter rebound for the economy, some red flags
Along with a strong second quarter rebound for the economy, some red flags

Los Angeles Times

time13 minutes ago

  • Los Angeles Times

Along with a strong second quarter rebound for the economy, some red flags

The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from President Donald Trump's trade wars. Still, details of the report suggested that U.S. consumers and businesses are wary about the economic uncertainty arising from Trump's radical campaign to restructure the American economy by slapping big taxes — tariffs — on imports from around the world. 'Headline numbers are hiding the economy's true performance, which is slowing as tariffs take a bite out of activity,' Nationwide chief economist Kathy Bostjancic wrote. America gross domestic product — the nation's output of goods and services — rebounded after falling at a 0.5% clip from January through March, the Commerce Department reported Wednesday. The first-quarter drop, the first retreat of the U.S. economy in three years, was mainly caused by a surge in imports — which are subtracted from GDP — as businesses scrambled to bring in foreign goods ahead of Trump's tariffs. The bounceback was expected but its strength was a surprise: Economists had forecast 2% growth from April through June. From April through June, a drop in imports — the biggest since the COVID-19 outbreak — added more than 5 percentage points to growth. Consumer spending registered lackluster growth of 1.4%, though it was an improvement over the first quarter's 0.5%. Private investment fell at a 15.6% annual pace, biggest drop since COVID-19 slammed the economy. A drop in inventories — as businesses worked down goods they'd stockpiled in the first quarter — shaved 3.2 percentage points off second-quarter growth. A category within the GDP data that measures the economy's underlying strength weakened in the second quarter, expanding at a 1.2% annual pace, down from 1.9% from January through March and the weakest since the end of 2022. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending. Federal government spending and investment fell at a 3.7% annual rate on top of a 4.6% drop in the first quarter. Wednesday's GDP report showed inflationary pressure easing in the second quarter. The Federal Reserve's favored inflation gauge – the personal consumption expenditures, or PCE, price index – rose at an annual rate of 2.1% in the second quarter, down from 3.7% in the first. Stripping out volatile food and energy prices, so-called core PCE inflation rose 2.5%, down from 3.5% in the first quarter. On his Truth Social media platform, Trump heralded the GDP gain and stepped up his pressure on the Federal Reserve to cut interest rates: '2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! 'Too Late' MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!'' Trump sees tariffs as a way to protect American industry, lure factories back to the United States and help pay for the massive tax cuts he signed into law July 4. But mainstream economists — viewed with disdain by Trump and his advisers — say that his tariffs will damage the economy, raising costs and making protected U.S. companies less efficient. They note that tariffs are paid by importers in the United States, who try to pass along the cost to their customers via higher prices. Therefore, tariffs can be inflationary — though their impact so far has been modest. Wiseman writes for the Associated Press.

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