
Trump created a new Dem superstar: LaMonica McIver
The Justice Department's decision to charge a sitting House lawmaker after a scuffle with ICE officers has launched her on the fast track to stardom in Democratic politics.
Why it matters: First-term Rep. LaMonica McIver (D-N.J.), 38, suddenly has a national profile and status among the Democratic base as something of a hero of the anti-Trump resistance.
But it has also come at a cost: In addition to the financial burden and risks posed by her legal battle, McIver's office has been deluged by furious calls and messages, including many threats.
The vitriol has risen to the point that her office has assigned a staffer to monitor Fox News for segments that will precipitate a new flood of angry calls, a source familiar with the matter told Axios.
State of play: The Justice Department has charged McIver with assaulting law enforcement based on a scuffle she and other Democratic lawmakers had with a group of ICE officers.
The Department of Homeland Security has pointed to body cam footage of McIver elbowing an officer; McIver has said she was the one who was assaulted and cast the charges as politically motivated.
The lawmakers were at the Delaney Hall Detention Center in Newark to protest its use as a migrant holding facility.
Driving the news: In the days after McIver was charged, she went from a virtually unknown member of Congress to a household name.
Reps. Alexandria Ocasio-Cortez (D-N.Y.) and Pramila Jayapal (D-Wash.) featured her in fundraising emails. So did the Democratic Congressional Campaign Committee and the Pennsylvania Democrats.
That dynamic is typically only seen with some of the biggest names in Democratic politics: Think Barack Obama, Nancy Pelosi or Jamie Raskin.
Zoom out: Several Democratic lawmakers have fast-tracked their careers by positioning themselves as Trump's most truculent foes in Congress.
Such was the case with Raskin, a former Trump impeachment manager and Jan. 6 committee member who now leads Democrats on the House Judiciary Committee.
Adam Schiff, another Trump impeachment and Jan. 6 committee veteran, leveraged his anti-Trump bona fides to help him win a U.S. Senate seat.
What they're saying: "They've targeted her in a very unprecedented way, and so a lot of people are going to know about her and her story because we're all uplifting her and it's taken over the country," Rep. Maxwell Frost (D-Fla.) told Axios.

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Yahoo
28 minutes ago
- Yahoo
Fed Versus Trump on Tariffs Impact Will Soon Be Put to the Test
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A pair of key reports in the coming weeks — the monthly jobs report due Thursday and another on consumer prices due July 15 — will be critical in determining the central bank's next steps. Both are expected to finally begin reflecting the impact of tariffs, but any surprises could change the schedule for rate cuts. 'One of the things that makes it such a difficult situation is that we simply haven't done this sort of experiment in the past,' William English, a professor at the Yale School of Management and former high-ranking Fed economist, said of the tariffs. 'We're outside the range of experience for a modern US economy, and so it's very difficult to be confident about any forecast.' Trump and his allies have escalated attacks on the Fed and Powell in recent weeks, motivated by data showing inflation remained tame through May despite the tariffs put in place. The president has lobbed several insults at Powell, calling him a 'numbskull' and 'truly one of the dumbest, and most destructive, people in Government.' Other Trump administration officials and some congressional Republicans — oftentimes more reticent to weigh in on monetary policy — have joined in as well. Kevin Hassett, director of the White House National Economic Council, said on June 23 that there is 'no reason at all for the Fed not to cut rates right now.' Hassett, who is seen as a possible replacement for Powell when the Fed chair's term expires next year, emphasized data due in the coming weeks: 'I would guess that if they see one more month of data, they're going to really have to concede that they've got the rate way too high,' he said. The debate reflects the delicate situation the Fed is in as it aims to avoid a policy mistake. Should officials cut rates just as tariff-induced price pressures kick in, they may have to resort to more aggressive measures later on. But holding rates at an elevated level to combat inflation that never materializes risks restraining the economy unnecessarily, potentially damaging the labor market in the process. Forecasters expect inflation to accelerate in the coming months. Powell told Congress in testimony last week he expects 'meaningful' price increases to materialize in June, July and August data as the levies work their way through the economy. But he added Fed officials are 'perfectly open to the idea' the impact could be smaller than feared, 'and if so, that'll matter for our policy.' The Bureau of Labor Statistics will publish its report on consumer prices for June on July 15, two weeks before the central bank's next policy meeting. Fed Governors Christopher Waller and Michelle Bowman — both Trump appointees — have broken step with Powell and their other colleagues to raise the possibility of a rate cut next month if the data cooperate. 'I think we've got room to bring it down, and then we can kind of see what happens with inflation,' Waller said in a June 20 CNBC interview, adding the central bank could always bring a halt to rate cuts again if necessary. 'We've been on pause for six months to wait and see, and so far the data has been fine.' Still, investors currently see only about a 20% chance of a July move and are instead betting the next cut will come in September, according to federal funds futures. Tariff Math Benign inflation readings through May suggest companies are finding ways, at least for now, to avoid price hikes despite Trump's tariffs on dozens of US trading partners — and widespread uncertainty over how long the duties will last and the level where they'll ultimately settle. One potential explanation is companies are working through inventories of imports they frontloaded in the first quarter to get ahead of the levies, said Josh Hirt, a senior US economist at Vanguard Group. 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Yahoo
29 minutes ago
- Yahoo
Stock market today: Dow, S&P 500 and Nasdaq futures rise as trade deal hopes lift stocks toward more records
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A late-Friday dip in stocks was triggered by Trump's abrupt halt to talks with Canada, citing its digital tax policy. A July 9 deadline looms before the possible resumption of Trump's unilateral tariffs, which Trump on Sunday said he didn't think he'd "need to" extend. India has extended its Washington visit to finalize a deal, and Trump administration officials last week confirmed a trade framework with China was in place, bolstering investor sentiment. Meanwhile, market watchers are closely following Senate negotiations over Trump's proposed $4.5 trillion tax cut bill, as Republican leaders race to persuade party holdouts to back the legislation. The Congressional Budget Office estimates it would add $3.3 trillion to the deficit over a decade, as it stands. The Senate is set to vote on dozens of amendments in a marathon session on Monday. Markets will close at 1 p.m. on Thursday and remain shut on Friday for the Fourth of July. Yahoo Finance's Allie Canal reports: Read more here. 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"Canada's preference has always been a multilateral agreement related to digital services taxation." Oil prices fell overnight Sunday as global markets adjusted to the easing of tensions in the Middle East, in combination with a commitment from OPEC+ to increase supply in August. Reuters reports: Read more here. Yahoo Finance's Allie Canal reports: Read more here. Earnings: No notable earnings releases. Economic data: MNI Chicago PMI (June); Dallas Fed manufacturing activity Here are some of the biggest stories you may have missed overnight and early this morning: Warring GOP puts Trump tax bill to marathon Senate vote today Canada scraps digital services tax that Trump slammed Disney's stock has bagged a Jeffries upgrade — here's why Week ahead: Crucial jobs report looms with stocks at records Trump: TikTok buyer group found, needs China's OK Bitcoin soars, altcoins fade in $300 billion crypto shakeout China's economy shows surprising signs of strength Yahoo Finance's Josh Schafer lays out what investors should know about the week ahead: Read more here. Here are some top stocks trending on Yahoo Finance in premarket trading: Hewlett Packard Enterprise Company (HPE) stock rose 6% in premarket trading on Monday following the news that HPE and Juniper Networks have reached an agreement with the US Department of Justice that it will not challenge HPE's acquisition of Juniper. Palantir (PLTR) stock rose 5% before the bell and are trading at an all-time high, up 90% this year. Yahoo Finance Anchor Julie Hyman recently broke down the stock's history on a episode of Market Domination Overtime: Juniper Networks, Inc. (JNPR) stock rose 8% premarket after the DOJ said it would not pursue an investigation into HPE's acquisition of Juniper. As earning season approaches, Goldman Sachs (GS) said on Monday that US profit margins will be tested as investors await to see how President Trump's war has hurt companies. Goldman's David Kostin said Q2 earnings will show the immediate impact of tariffs, which have risen about 10% this year. Most costs will be passed on to consumers, but margins will suffer if firms absorb more than expected. Early results are mixed: General Mills (GIS) stock fell 5% last week due to a weak forecast and tariff warning, while Nike (NKE) rose 15% after announcing it will offset higher duties. Bloomberg News reports: Read more here. European stocks outperformed their US peers by the biggest margin on record in dollar terms during the first half. It's a dramatic sign of how the region's markets are staging a comeback after more than a decade in the doldrums. Bloomberg reports: Read more here. Canada has scrapped its planned digital services tax on US tech firms late on Sunday, just hours before it was due to come into effect. The move aims to revive stalled trade talks with the US, which President Trump suddenly halted on Friday over the tax, calling it a "blatant attack" on American tech companies. US stock futures rose as investors welcomed the news. Benchmark stock indexes in Tokyo and Shanghai also moved higher amid optimism that the US and its top trading partners can hammer out trade deals. Prime Minister Mark Carney and Trump now plan to reach a deal by July 21, Canada's finance ministry said. 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Washington Post
31 minutes ago
- Washington Post
Live updates: Senate considering raft of amendments to Trump's massive tax and immigration bill
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