Showing posts with label GDP GROWTH. Show all posts
Showing posts with label GDP GROWTH. Show all posts

Friday, January 26, 2024

POLITICO Nightly: Could weed policy woo young voters back to Biden?

 


POLITICO Nightly logo

BY PAUL DEMKO

Presented by Steuben County Industrial Development Agency

Demonstrators march in the annual NYC Cannabis Parade & Rally in support of the legalization of marijuana for recreational and medical use in New York City.

Demonstrators march in the annual NYC Cannabis Parade & Rally in support of the legalization of marijuana for recreational and medical use on May 1, 2021 in New York City. Former New York Governor Andrew Cuomo signed legislation legalizing recreational marijuana on March 31, 2021. | Angela Weiss/AFP via Getty Images

SINGLE ISSUE TOKER — The president has seen an alarming erosion in support among young voters in recent months, with a spate of national and state polls showing him with a narrow lead — or even running behind — Donald Trump with that demographic.

Weed could be the unlikely way back into their hearts for Joe Biden.

It’s no small matter for Democrats because young voters are a crucial part of any winning coalition: Biden crushed Trump by 24 points among voters under the age of 30 in 2020, according to exit polls .

A recent national poll shows that young voters overwhelmingly support Biden’s moves to loosen federal marijuana restrictions. A whopping 65 percent of 18- to 25-year-old likely voters expressed support for the administration’s recent recommendation to move marijuana to a less stringent classification under federal law, compared to just 14 percent who indicated opposition.

Veteran Democratic pollster Celinda Lake, whose firm conducted the survey, argues that the issue could help woo back young voters who have grown disaffected with Biden, particularly over his unwavering support for Israel since the outbreak of the Gaza war.

“What should be a base group has ended up … kind of a swing group,” said Lake, who worked on Biden’s 2020 presidential campaign, in an interview. “They’re the most susceptible to looking at a third party. They’re the biggest group of people who don’t like either candidate. And so you’ve got a group of swing voters who are just incredibly supportive and intense on this issue.”

In August, the Food and Drug Administration — following a scientific review ordered by Biden — recommended moving marijuana from Schedule I to Schedule III under the Controlled Substances ActWhile marijuana would remain illegal under federal law if that change is enacted, it would significantly loosen restrictions, including making it easier to conduct research and easing federal tax burdens for cannabis companies. 

No final decision has been made — the Drug Enforcement Administration will have the ultimate say on reclassifying marijuana, and there’s no deadline for when the agency will make that call. But if that recommendation is implemented, as is widely expected, it would mark the biggest change in federal drug policy in more than half a century.

The rest of the country isn’t waiting for the federal government when it comes to weed legalization. Two dozen states — representing more than half of the country’s population — have legalized possession for anyone at least 21 years old, while 38 states have established medical marijuana programs. An eye-popping 70 percent of Americans support marijuana legalization, the highest level ever recorded, according to the latest Gallup poll on the issue.

“The voters are way, way ahead of where the politicians are at,” Lake said. “This is just completely non-controversial to them.”

Biden is a highly unlikely figure to potentially reap the electoral benefits of loosening weed restrictions. The octogenarian spent decades in Congress voting in favor of tough penalties for drug offenses, and his own son has notoriously struggled with substance abuse problems.

But Biden has said repeatedly — both in the 2020 campaign, and since taking office — that no one should be in prison for using marijuana. And he’s issued two rounds of pardons for people convicted of marijuana-related offenses.

Donald Trump’s position on marijuana remains somewhat hazy. His administration rescinded Obama-era guidance from the Justice Department instructing federal prosecutors not to target people engaging in state-legal cannabis activities, but there was no ensuing federal crackdown on weed scofflaws. Trump did not take any steps to change the classification of the drug under federal law while in office.

While weed is hardly a topline issue for voters of any age or political persuasion, Lake believes it could prove to be a potent wildcard in what’s expected to be an excruciatingly close presidential contest.

“It’s good for mobilization and for persuasion. So if you want to get young voters on your side, this is a great issue. If you want to get young voters to turn out, it’s a great issue,” Lake said. “The clarity, the emotion behind it, gives it an outsized saliency.”

The poll was commissioned by the Coalition for Cannabis Scheduling Reform , which includes industry and advocacy groups that support loosening weed restrictions. While it was conducted in early October, Lake doesn’t believe anything has changed since then that would significantly alter public perceptions on cannabis policy.

“It’s probably gotten even more important in the ensuing three months because of the impact of the war in Gaza on attitudes of young people,” she said.

Welcome to POLITICO Nightly. Reach out with news, tips and ideas at nightly@politico.com . Or contact tonight’s author at pdemko@politico.com on X (formerly known as Twitter) at @PaulDemko .

 

A message from Steuben County Industrial Development Agency:

President Biden, Buy America is not just policy, it’s real jobs in places like Hornell, part of Steuben County in upstate New York where we’re busy building America’s high-speed trains. We’re counting on your support to ensure that we retain hundreds of jobs and add new ones to build the new trainsets for Brightline West. Don’t allow a waiver to build trainsets overseas. Let’s build the trains and keep those jobs here in America.

 
WHAT'D I MISS?

— Peter Navarro sentenced to four months in prison for defying Jan. 6 committee: Peter Navarro, a former trade adviser to Donald Trump, has been sentenced to four months in prison for defying a subpoena from the Jan. 6 select committee . U.S. District Judge Amit Mehta handed down the sentence today, describing Navarro’s refusal to testify or provide documents to the panel as an affront to a branch of government seeking to understand a harrowing attack on democracy.

— Trump briefly takes stand in E. Jean Carroll trial, but doesn’t say much: Donald Trump testified in his own defense today in a federal defamation trial , answering a total of five questions on the witness stand after the judge overseeing the trial severely curtailed the scope of the former president’s testimony. Though Trump muttered under his breath before walking to the witness stand, his three minutes of testimony were devoid of antics. He gave mostly direct replies that were quickly cut off the moment they threatened to veer off-course — a stark contrast from his discursive filibustering when he took the stand last fall in an unrelated trial for business fraud.

— McConnell dispels doubts about his commitment to a border-Ukraine deal: Senate Minority Leader Mitch McConnell said during a private meeting today that he still supports a border security deal linked to Ukraine aid , according to GOP senators who attended — delivering a crucial boost to talks that are getting more complicated by the minute. McConnell has spent the past few months singularly focused on getting billions of new dollars to Ukraine, so normally such a pledge would not be earth-shaking. Yet some Republicans woke up today wondering if their bid to link stricter immigration policy to foreign aid was still viable, after McConnell on Wednesday delivered a candid assessment of the challenges posed by former President Donald Trump’s dominance in the presidential primary.

 

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NIGHTLY ROAD TO 2024

RIGGED? — The Republican National Committee (RNC) is reviewing a draft resolution that, if approved, would declare Donald Trump the party’s presumptive 2024 presidential nominee even as Nikki Haley continues to wage a vigorous campaign against the former president and frontrunner, reports the Dispatch.

The draft resolution, obtained by The Dispatch this morning, was proposed by David Bossie, an RNC committeeman from Maryland and close Trump ally. His effort to put the national party on a general election footing behind Trump follows RNC Chairwoman Ronna McDaniel saying after the former president defeated Haley in Tuesday’s New Hampshire primary that it was time for Republicans to unite behind the frontrunner and focus on defeating President Joe Biden.

RIPE MELLON — A pro-Donald Trump super PAC raised over $46 million in the second half of 2023 and ended the year with just over $23 million in cash on hand, as it gears up for the general election, POLITICO reports. More than a dozen donors gave $1 million or more to the Trump-aligned MAGA Inc. But the biggest donation by far came from Timothy Mellon, a transportation executive and heir to the Mellon banking fortune, who wrote a $10 million check.

 

A message from Steuben County Industrial Development Agency:

In 2015 there were 250 train manufacturing jobs at Alstom’s plant in Hornell, NY. Today, thanks to strong Buy America provisions there are nearly 700 men and women building high-speed trains. Today the Biden-Harris administration has a decision – keep supporting Buy America and creating more jobs in upstate New York and small towns across the country, or allow trains for Brightline West to be made in Germany. The choice should be clear. Buy America works for places like Steuben County but only when it is upheld consistently. Steuben County workers stand ready to build high-quality high-speed trains for Brightline West and deliver them in an ambitious timeframe to meet the goals of Brightline West and the nation. Let’s build America’s high-speed trains in America, not overseas.

 
AROUND THE WORLD

U.S. Army soldiers stand next to the former Ba'ath Party Headquarters near entrance to the International Zone on May 30, 2021 in Baghdad, Iraq.

U.S. Army soldiers stand next to the former Ba'ath Party Headquarters near entrance to the International Zone on May 30, 2021 in Baghdad, Iraq. | John Moore/Getty Images

END OF THE TOUR — Washington will begin talks with Baghdad to end a U.S.-led international military coalition in the country while determining the best ways to strengthen relations, Defense Secretary Lloyd Austin announced today.

Working group meetings of the U.S.-Iraq Higher Military Commission will start in the coming days, beginning the process that both countries agreed to during talks in Washington last summer.

The meetings aim to ensure the transition to “an enduring bilateral security partnership” between Washington and Baghdad, Austin said in the statement, adding that the process “reflects the deep U.S. commitment to regional stability and Iraqi sovereignty.”

The U.S. announced the talks in a letter to Iraq’s foreign minister on Wednesday, Reuters first reported. Washington originally insisted that Iran-backed Iraqi militant groups end their attacks on U.S. troops in the country as a condition of beginning the talks, but have since backed down.

Those groups have attacked U.S. troops in Iraq and Syria multiple times since the Hamas attack on Israel on Oct. 7, prompting retaliatory strikes by Washington.

About 2,500 American troops, as well as hundreds of service members from other European countries, are stationed in Iraq to assist security forces in the country in the fight against the Islamic State.

Military and defense professionals in the working groups will focus on a transition timeline, taking into consideration the threat posed by ISIS, operational and environmental requirements, and the Iraqi security forces’ capability levels, according to the statement.

 

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NIGHTLY NUMBER

3.1 percent

The percentage that U.S. GDP expanded in 2023 according to data from the Commerce Department released today. The U.S. economy is growing faster than expected as inflation falls in a year that began with heavy odds of a recession and closed out with fourth-quarter growth that blew away projections.

RADAR SWEEP

NOT ADDING UP — If you’ve been on TikTok in the last year, it’s likely you’ve come across a video explaining how you can make money passively through any number of different hacks. These videos are gaining attraction across the app, whether they are coming from actual financial advisors or people who just act like it. The influencers promise tips to help make people rich — but the math doesn’t add up , Rolling Stone reports. Some of these people may be committing fraud and deception — and that could be dangerous for many TikTok users, especially younger viewers. Miles Klee looks at the world of TikTok influencers using their platforms for financial advice and the problems that it could present.

PARTING IMAGE

On this date in 2011: A protester throws back a tear gas canister toward police at a demonstration in Cairo, Egypt. Thousands of anti-government protesters, some hurling rocks and climbing atop an armored police truck, clashed with riot police in the center of Cairo to demand the end of Hosni Mubarak's nearly 30 years in power. After 18 days of demonstrations, Mubarak stepped down.

On this date in 2011: A protester throws back a tear gas canister toward police at a demonstration in Cairo, Egypt. Thousands of anti-government protesters, some hurling rocks and climbing atop an armored police truck, clashed with riot police in the center of Cairo to demand the end of Hosni Mubarak's nearly 30 years in power. After 18 days of demonstrations, Mubarak stepped down. | Nasser Nasser/AP

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Friday, July 28, 2023

POLITICO Nightly: Joe Biden’s mission to Maine

 


POLITICO Nightly logo

BY CHARLIE MAHTESIAN

Lobstermen use a skiff get to their lobster boat in Deer Isle, Maine.

Lobstermen use a skiff get to their lobster boat in Deer Isle, Maine. | Joe Raedle/Getty Images

WORKING VACATIONLAND — Joe Biden travels to Maine tomorrow, the first time he’s made it to the state during his presidency. The trip is part of the president’s Bidenomics tour, a sales pitch designed to lay out the economic case for a second term and underscore domestic manufacturing gains.

But there’s more to his visit to Auburn than mere messaging. The town of 24,000 is located in Maine’s 2nd Congressional District, which gives it a special resonance in presidential politics.

While the state of Maine is blue, the 2nd District is decidedly not. It’s the more conservative, rural and working class of the state’s two congressional seats, and it voted for Donald Trump twice. In 2020, it was the only district in New England that backed Trump.

The district’s voting habits matter a great deal because Maine is one of just two states (the other is Nebraska) that allocate an electoral vote to the winner of each congressional district, in addition to the two electoral votes that go to the winner of the statewide popular vote.

As a result, Trump has now lost Maine twice, but still managed to capture one electoral vote from the state each time he’s been on the ballot.

If you don’t think one electoral vote matters, consider this: In 2020, the presidential election was closer to finishing in an Electoral College tie than is widely recognized. Had Trump won Arizona, Georgia and Wisconsin — the sites of Biden’s three narrowest wins — both candidates would have ended up with exactly 269 electoral votes. That’s one vote short of an Electoral College majority, which would have thrown the race to the House of Representatives to decide.

Aside from the presidential implications, there’s another reason Biden’s visit to Auburn is worth watching. The 2nd District is one of just five across the nation that voted for both Trump and a Democratic member of Congress — Rep. Jared Golden.

Golden has been a thorn in the side of the administration, criticizing Biden over debt ceiling negotiations and ripping the White House for “hypocrisy” over its treatment of Maine’s lobster industry. He’s the only House Democrat who voted against Biden’s Build Back Better spending bill. More recently, he was one of only two House Democrats to break with the White House over the student loan debt cancellation plan.

As a holder of a so-called crossover district — in addition to the five Democrats who represent districts won by Trump, there are 18 Republicans who sit in districts won by Biden — Golden is among those incumbents whose fate in 2024 will determine control of the House.

In an April poll , Biden was underwater with Maine residents: 53 percent disapproved of his job performance, compared to 47 percent who approved. Central Maine, where the president will be visiting, is a particular weak spot — 70 percent disapproved.

Golden has been successful in the 2nd District by making a forceful case that he should be judged by his own record. With Maine voters ranking housing, cost of living and jobs/economy as the most important problems facing the state , Biden will need to do something similar, but in a far more persuasive way than he has so far. His first visit to Maine, which comes on the heels of today’s news that U.S. economic growth accelerated in the second quarter of the year, provides the president with a politically opportune moment.

Welcome to POLITICO Nightly. Reach out with news, tips and ideas at nightly@politico.com . Or contact tonight’s author at cmahtesian@politico.com or on Twitter at @PoliticoCharlie .

 

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WHAT'D I MISS?

— No chance of Biden pardoning his son, White House says: President Joe Biden will not pardon his son Hunter if he is convicted of the charges against him, the White House said today. Hunter Biden has been charged with two misdemeanor tax offenses and a felony gun charge. When asked during her briefing whether there was any possibility that the president would eventually pardon his son, White House press secretary Karine Jean-Pierre replied, “No,” and declined to comment further.

— Jordan pauses Mark Zuckerberg’s contempt of Congress vote: Rep. Jim Jordan delayed a vote to hold Meta CEO Mark Zuckerberg in contempt of Congress after the company provided additional internal documents to the House Judiciary Committee as part of its probe into allegations that tech companies censor conservative online speech. Jordan (R-Ohio) announced in a post on X, formerly known as Twitter, today, “Based on Facebook’s newfound commitment to fully cooperate with the Committee’s investigation, the Committee has decided to hold contempt in abeyance. For now. To be clear, contempt is still on the table and WILL be used if Facebook fails to cooperate in FULL.”

— Biden announces action on heat as nation sizzles: President Joe Biden unveiled a series of measures today designed to aid workers and residents facing severe health threats from soaring temperatures as record heat shows no signs of relenting. The Biden administration said the Labor Department would increase inspections at job sites to prevent heat stress, noting heat is the top weather-related killer in the United States at more than 600 deaths annually. Biden said the Occupational Safety and Health Administration already has conducted 2,600 workplace inspections as part of a new heat safety initiative. The White House also said it would spend $7 million from the Inflation Reduction Act to improve weather forecasting and $152 million from the bipartisan infrastructure law to expand water storage in the West.

NIGHTLY ROAD TO 2024

REBOOT — On the day his presidential campaign said it had laid off more than a third of its staff to address worries about unsustainable spending, Gov. Ron DeSantis of Florida began his morning by boarding a private jet to Chattanooga, Tenn.

The choice was a routine one — Mr. DeSantis and his wife, Casey, haven’t regularly flown commercial for years — but also symbolic to close observers of his struggling presidential campaign. As Mr. DeSantis promises a reset, setting out today on a bus tour in Iowa to show off a leaner, hungrier operation, several donors and allies remained skeptical about whether the governor could right the ship , reports the New York Times.

Their bleak outlook reflects a deep mistrust plaguing the highest levels of the DeSantis campaign, as well as its supporters and the well-funded super PAC, Never Back Down, bolstering his presidential ambitions.

MORE PEEVISH THAN PRINCIPLED  — The tragedy of Trump is that he’s more peevish than principled. Consequently, he is easily baited by his opponents into distracting fights over petty matters. How else can one explain his current predicament and the danger he presents to our principles?

His enemies don’t even hide their designs. Democrats lay traps in plain sight, and the muscle head of U.S. politics walks right into them, time after time, writes Illinois Republican National Committeeman Richard Porter in RealClearPolitics .

There were irregularities and none of this is fair, Trumplicans declare! His fight is our fight! But is it really? Or is Trump just a vain old guy who’s easily egged into pointless bar fights that end up undermining our ability to win the broader war for our nation’s future? Note all the polls showing Trump losing to Biden.

AROUND THE WORLD

A thermometer reads 45 degrees Celsius (113 Fahrenheit) in the tourist city of Nafplion, Greece on Wednesday as the country is hit by a new heatwave and wildfires due to excessive heat.

A thermometer reads 45 degrees Celsius (113 Fahrenheit) in the tourist city of Nafplion, Greece on Wednesday as the country is hit by a new heatwave and wildfires due to excessive heat. | Louisa Gouliamaki/AFP via Getty Images

BOILING UP — July is on track to become the world’s hottest month on record — with some scientists saying the planet may be experiencing its warmest period in about 120,000 years, writes Zia Weise .

The finding, announced by the World Meteorological Organization and the EU’s Copernicus Climate Change Service today, comes as G20 climate ministers travel to India for talks on how to curb planet-warming emissions.

“The soaring temperatures this July clearly demonstrate what we already know. The devastating effects of global warming are a reality,” said Denmark’s Climate Minister Dan Jørgensen.

“We are not on the right track, but the G20 countries hold the power to change the course," he added. "I strongly urge them to use that power.”

Last weekend, however, G20 energy ministers were unable to reach an agreement on phasing down fossil fuels and setting a global renewables goal. Friday’s talks in the eastern Indian city of Chennai aren’t expected to yield a breakthrough, either.

ANON PLS — Wagner chief Yevgeny Prigozhin was spotted and photographed at a Russia-Africa summit in St. Petersburg , appearing on the sidelines of the event hosted by President Vladimir Putin just a month after launching a failed mutiny, write Laura Hülsemann and Douglas Busvine .

In two pictures circulated on social media today, Prigozhin is shown wearing casual jeans and a white shirt, smiling as he presses the flesh with visiting officials.

The posts appeared intended as a demonstration of strength by Prigozhin during the summit being hosted by President Vladimir Putin. The warlord led a mutiny last month in which his troops marched to within 200 km of Moscow before standing down.

 

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NIGHTLY NUMBER

2.4 percent

The percentage that the U.S. economy grew at an annualized pace from April through June , an unexpected annual growth rate that showed continued resilience of the U.S. economy in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight against inflation. The estimate, released today by the Commerce Department, is the latest good news for the White House this week after both Federal Reserve economists and the Congressional Budget Office predicted the U.S. would avert a recession this year.

RADAR SWEEP

MONKEY BUSINESS — In 1975, journalist Sarah Bird reported a story for the Daily Texan about the first ever troop of macaques — or snow monkeys — who were transported from their natural habitat outside of Kyoto to a small, sun-drenched town in Texas. They were there to be observed by researchers who could chronicle their lives and better understand the species — which became protected in 1947. But what has happened to the monkeys originally sent to Texas , and their progeny, since? Where are their descendants? Bird returns to the story in 2023 and has some fascinating answers for Texas Monthly.

PARTING IMAGE

On this date in 1960: In hotel headquarters in downtown Chicago, then-Vice President and Republican candidate for president Richard Nixon and Pat Nixon watch the Republican convention progress on television. On TV, Oregon Gov. Mark Hatfield is placing Nixon's name before the convention for presidential nomination.

On this date in 1960: In hotel headquarters in downtown Chicago, then-Vice President and Republican candidate for president Richard Nixon and Pat Nixon watch the Republican convention progress on television. On TV, Oregon Gov. Mark Hatfield is placing Nixon's name before the convention for presidential nomination. | AP Photo

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Friday, June 30, 2023

POLITICO Nightly: The post-affirmative action era begins

 


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BY ANKUSH KHARDORI

Presented by

Bank of America

Supporters of affirmative action protest near the Supreme Court Building today.

Supporters of affirmative action protest near the Supreme Court Building today. | Anna Moneymaker/Getty Images

NEXT STEPS — Today the Supreme Court issued a widely anticipated ruling striking down college admissions programs that take race into consideration when selecting which applicants to admit. The decision — which upended nearly 50 years of jurisprudence — has already sent liberals scrambling on two fronts: with lawyers trying to mitigate its effects and Biden’s Education Department and Congress reviewing other longstanding pillars of the college admissions process, including legacy admits.

The post-affirmative action era has already begun.

The decision concerned two different college admissions programs — one at Harvard, the other at the University of North Carolina — that, in different ways, took race into account when reviewing applications. Harvard receives federal funding, while UNC is a public university, but the distinction proved not to matter to the result.

Chief Justice John Roberts issued the ruling, and he was joined by all five of the other conservative justices. The liberals on the court dissented.

As a matter of legal realpolitik, none of this was particularly surprising given the current composition of the court, which shifted decisively in favor of conservatives with the addition of Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett during the Trump administration. Conservatives have for decades been wary of race-based programs designed to benefit minorities, and indeed today’s ruling was the capstone to a decades-long crusade by a conservative activist who finally found a hospitable conservative majority that agreed with him.

As with the fallout from last year’s overruling of Roe, we can expect two broad sets of responses to today’s decision. First, liberal lawyers and activists are likely to try to cabin and mitigate the consequences, though that could prove challenging given the sweeping language in Roberts’ opinion, which will almost certainly be used in challenges to race-based programs entirely outside the context of college admissions. Meanwhile, conservative lawyers and activists, who had also been anticipating today’s ruling, are likely to try to leverage it to attack programs in those other settings , including in areas as seemingly mundane as corporate internships limited to minority groups.

The second set of responses will be political, with liberal condemnation of the ruling already well underway.

Shortly after the decision came down today, President Biden offered a blistering statement from a White House podium .

He has already directed the Education Department to review college admissions practices, which may come to include one particular target — legacy admissions. That is the practice of giving preferential treatment to relatives of university alumni, which benefits the wealthy and is thought by some to disproportionately disadvantage non-white applicants. The practice is inextricably intertwined with universities’ efforts to bring in donations from alumni.

We may also see some movement from Congress in this area, though it would not be the first time. Early last year, two Democrats — Rep. Jamaal Bowman of New York and Sen. Jeff Merkley of Oregon — introduced the Fair College Admissions for Students Act , which would have banned legacy admissions at schools that participate in federal student aid programs, but the bill ultimately never gained momentum.

It remains to be seen whether today’s ruling from the court will shift the political dynamics. House Speaker Kevin McCarthy quickly hailed the decision, arguing the justices “just ruled that no American should be denied educational opportunities because of race.”

Still, shortly after the decision came down, Bowman and Merkley said that they will reintroduce their bill.

“The Supreme Court has yet again taken us back in time by barring institutions of higher education from using race-conscious admissions policies,” Bowman said. “These policies are critical to ensuring that our Black and brown students, who have already experienced redlining and systemic underinvestment in their schools and communities, have an equitable shot at higher education to pursue their dreams.”

Welcome to POLITICO Nightly. Reach out with news, tips and ideas at nightly@politico.com . Or contact tonight’s author at ankush.khardori@gmail.com .

 

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Transitioning public transportation to clean energy could reduce global CO₂ emissions by 20%. Proterra is developing safer, cleaner, more reliable transportation — with the support of partners like Bank of America.

 
WHAT'D I MISS?

— Supreme Court to rule Friday on student loans, LGBTQ rights: The Supreme Court is expected to announce rulings on student loan forgiveness and LGBTQ protections Friday , the final cases still pending before the Court begins its summer recess. At the close of today’s session, Chief Justice John Roberts announced that Friday will be the final day for the court to issue opinions in this term’s argued cases. The court is set to announce rulings on a pair of cases that challenge President Joe Biden’s bid to forgive over $400 million in student loans, a policy that would relieve the debt of over 40 million Americans.

— Prosecutors charge three men with insider trading scheme related to Trump’s media company: Federal prosecutors in New York charged three investors today with an insider trading scheme in which they allegedly made more than $22 million in illegal profits by acting on information about a plan to take former president Donald Trump’s media company public. The three men — Michael Shvartsman, Gerald Shvartsman and Bruce Garelick — were investors in a special purpose acquisition corporation called Digital World Acquisition Corporation, which had plans to take public Trump’s company Trump Media & Technology Group. As investors, they learned of the confidential plans for Trump’s media company and they were prohibited by non-disclosure agreements from disclosing or using the information to buy or sell securities, according to an indictment unsealed today.

— Biden admin finalizes student debt ‘safety net’ as repayment looms: Biden administration officials are devising plans to ease the sting of requiring tens of millions of Americans to resume paying their student loans this fall for the first time in more than three years. The Education Department in recent weeks finalized a three-month grace period for missed payments once student loans come due in October and directed loan services to be “prepared” to extend that flexibility for subsequent 90-day periods, according to two people familiar with the discussions. Once interest accrual resumes on Sept. 1, under the department’s current plans, it would continue to pile up even if borrowers miss payments.

 

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NIGHTLY ROAD TO 2024

KOCH CASH — The political network established by the conservative industrialists Charles and David Koch has raised more than $70 million for political races as it looks to help Republicans move past Donald J. Trump, reports the New York Times.

With some of this large sum to start, the network, Americans for Prosperity Action, plans to throw its weight into the G.O.P. presidential nominating contest for the first time in its nearly 20-year history . The network spent nearly $500 million supporting Republican candidates and conservative policies in the 2020 election cycle alone.

The Koch network’s goal in the 2024 presidential primaries, which has been described only indirectly in written internal communications, is to stop Mr. Trump from winning the Republican nomination. In February, a top political official in the network, Emily Seidel, wrote a memo to donors and activists saying it was time to “have a president in 2025 who represents a new chapter.”

TEAM OF RIVALS — Democratic presidential candidate Marianne Williamson compared a string of resignations among her campaign staff to Abraham Lincoln’s search for a top general during the Civil War.

Asked by The Messenger on Wednesday about her quixotic campaign losing two campaign managers and other top staff , Williamson said, “Do you know how many generals Lincoln went through to get to Ulysses S. Grant? He went through 12 generals and I don’t think anyone would say he was not an effective leader.”

The departures come after reports that Williamson’s campaign has been “plagued by staff turnover and internal dysfunction” in part because of the candidate being a “nightmarish boss” who makes “demeaning” comments to staff.

 

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AROUND THE WORLD

French citizens protest in Nanterre after a 17-year-old was killed during a traffic stop on Tuesday. The French police officer who shot and killed the driver will be investigated for voluntary homicide, following two days of fires and violent protests, officials said.

French citizens protest in Nanterre after a 17-year-old was killed during a traffic stop on Tuesday. The French police officer who shot and killed the driver will be investigated for voluntary homicide, following two days of fires and violent protests, officials said. | Michel Euler/AP Photo

ON EDGE — The violent unrest that has spread across France since a teenager was killed by police in a Paris suburb has raised the specter of riots that rocked French suburbs for weeks in 2005 — and Emmanuel Macron’s government is scrambling to stop that from happening again, writes Clea Caulcutt .

This morning, the French president called an emergency Cabinet meeting in the wake of overnight clashes in French cities after a 17-year-old was shot by police on Tuesday during a traffic stop in Nanterre, a western Paris suburb.

The government decided to cancel all “non-priority” trips by ministers, the government’s latest move to dial down tensions that are gripping the nation.

Macron’s own response to the images of a police officer shooting Nahel M.(his full name has not been given) was swift and unequivocal. While some questioned whether the police officer had felt threatened by the teenager, the president spoke of “the emotion of the nation” and said the killing was “inexplicable” and “inexcusable.”

Instructions have also been issued to police officers to avoid behavior that would stir up tensions in France’s impoverished banlieues, according to Paris Playbook. Interior Minister Gerald Darmanin said some 40,000 police officers were being deployed across France.

ANOTHER ROUND — Jens Stoltenberg is set to stay on as NATO’s chief for another year , four people familiar with the decision told POLITICO.

A U.S. official said the secretary general’s leadership extension is “a done deal.” Asked if that was the case, a senior diplomat from Western Europe said “yes,” adding it “will be formalized next week.” A senior diplomat from Eastern Europe and a senior NATO official also confirmed there is consensus within the alliance for an extension.

Stoltenberg, a former Norwegian prime minister, has been serving as NATO’s chief since 2014 and has already had his mandate extended multiple times. NATO allies spent months mulling a successor, with leaders such as Danish Prime Minister Mette Frederiksen and U.K. Defense Secretary Ben Wallace under consideration, before opting to stick with the current secretary general.

 

STEP INSIDE THE WEST WING : What's really happening in West Wing offices? Find out who's up, who's down, and who really has the president’s ear in our West Wing Playbook newsletter, the insider's guide to the Biden White House and Cabinet. For buzzy nuggets and details that you won't find anywhere else, subscribe today .

 
 
NIGHTLY NUMBER

2 percent

The percentage the economy grew in the first quarter, a jump from GDP estimates of 1.3 percent and a boon for the Biden administration. The numbers land as Biden and other top administration officials are fanning out across the country, including visits to deep red Republican districts, to spotlight government programs and tax credits intended to aid the middle class.

RADAR SWEEP

DRUGGED UP — According to many reports, routine drug use — often “microdosing,” or taking a small amount — of substances like ketamine, LSD and psilocybin, is all the rage in Silicon Valley . Tech executives and employees are arguing that in small doses, these drugs make them more productive and more creative, among other benefits. But that’s far from settled science. For The New Republic, Timothy Noah looks into this trend and some of its historical analogues — including during World War II.

PARTING IMAGE

On this date in 2009: Bernie Madoff received a 150-year prison sentence for orchestrating the biggest Ponzi scheme in history. Madoff victim Richard Friedman speaks to the media outside Manhattan federal court.

On this date in 2009: Bernie Madoff received a 150-year prison sentence for orchestrating the biggest Ponzi scheme in history. Madoff victim Richard Friedman speaks to the media outside Manhattan federal court. | Louis Lanzano/AP Photo

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A message from Bank of America:

The EPA estimates that the transportation sector accounts for more than one-quarter of energy-related CO₂ emissions worldwide. While much attention has been paid to lessening these emissions by transforming light-duty passenger vehicles, there’s also ample opportunity to innovate heavy-duty commercial vehicles used for public transportation — especially diesel buses.

To counter these emissions, Proterra is developing innovative solutions that drive sustainability, with the support of partners like Bank of America.

Proterra is a leader in the transition to zero-emission, electric commercial vehicles, including electric transit buses, school buses, delivery trucks and more.

To help companies like Proterra achieve their business goals, Bank of America has committed $1.5 trillion towards sustainable finance by 2030. This funding will help society transition to a low-carbon future.

Watch to learn more.

 
 

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