President Trump’s trade policies are creating a perfect storm for the insurance industry and policyholders alike.
Money Talks News: Trump’s Tariffs Could Send Your Insurance Premiums Skyrocketing [Video]
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MSNBC: Farmers struggle amid rising costs and Trump’s tariffs: ‘We’ve got a real disaster’ [Video]
Hundreds of farmers in Arkansas gathered at a town hall last week to ask Congress for help over mounting debt, aging equipment and disappearing profits. One soybean farmer in the state, Scott Brown, joins Katy Tur to share how. President Trump’s tariffs are impacting his business.
Slingshot News: ‘You Guys Got Hit’: Trump Insults Disabled Military Veterans And Their Injuries In Front Of Reporters From The Oval Office
President Donald Trump insulted wounded and disabled Military veterans and their injuries during a tirade from the Oval Office earlier this year.
Raw Story: ‘He’s a nut’: Republicans turn on Trump attack dog who got ‘too big for his britches’
Republican lawmakers are reportedly fed up with housing official Bill Pulte and view him as “a nut,” Politico reports.
The Trump administration’s Federal Housing Finance Agency director is now at the center of President Donald Trump’s heated campaign against the Federal Reserve and has become “one of his most vociferous social media attack dogs” for the commander-in-chief.
Last week, Treasury Secretary Scott Bessent confronted Pulte, threatening physical violence during an exclusive Georgetown event for Trump administration officials.
During the cocktail hour, Bessent launched into an aggressive confrontation with Pulte, claiming the housing official had been speaking negatively about him to Trump. Witnesses reported Bessent’s explosive verbal assault, with him demanding, “Why the f— are you talking to the president about me? F— you,” and declaring, “I’m gonna punch you in your f—ing face.”
Republicans are reportedly pleased that Bessent confronted Pulte.
Speaking anonymously to Politico due to the sensitive nature of the administration infighting, one lawmaker shared frustration over Pulte.
“I think he’s a nut,” one House Republican told Politico.
“The guy’s just a little too big for his britches,” said another GOP lawmaker and member of the House Financial Services Committee. “I’ve got great respect for Bessent for taking him on.”
Pulte initiated mortgage fraud allegations against Fed Governor Lisa Cook — Trump later moved to fire her. Like Trump, Pulte also attacks Fed Chair Jerome Powell, claiming his handling of monetary policy and the expensive renovations to the central bank’s Washington headquarters.
“Rank-and-file Hill Republicans” appear to back Bessent and see him as “a key stabilizing force on economic policy within the Trump administration.”
Many Republicans see Bessent as “the adult in the room.”
Rep. Dan Meuser (R-PA), chair of the House Financial Services oversight subcommittee, prefers Bessent’s approach.
“I’m always in line with where the president wants to go, and I believe [Pulte] is as well,” he said. “I know Secretary Bessent is, and that’s where my loyalties lie, with the president and with Secretary Bessent.”
“I would have done the same,” another Republican who spoke anonymously to Politico said.
Slingshot News: ‘We’re Allowed’: Trump Claims He Is Above The Law, Says He Can Attack Harvard All He Wants In Interview
President Donald Trump claimed that he is above the law, saying that he can attack Harvard University all that he wants. Trump is not legally allowed to withhold federal funds from Harvard.
Now This: ICE Sparks Fear Parking Near Church [Video]
Parking an ICE vehicle on a public street to intimidate immigrants is the goal.
https://www.msn.com/en-us/video/peopleandplaces/ice-sparks-fear-parking-near-church/vi-AA1Me0zY
Daily Beast: Trump Hit With Fresh Court Blow After Revenge Firing
The Federal Reserve governor’s job is safe for now.
Donald Trump was hit with a legal smackdown after trying to remove Federal Reserve governor Lisa Cook.
Cook can stay in her job, a federal judge ruled in Washington, D.C., blocking Trump’s unprecedented attempt to boot her using allegations of mortgage fraud.
She will now be present at the Fed’s Sept. 16 meeting, but Cook’s trouble with Trump is not yet over.
“President Trump has not identified anything related to Cook’s conduct or job performance as a board member that would indicate that she is harming the board or the public interest by executing her duties unfaithfully or ineffectively,” U.S. District Judge Jia Cobb said after issuing a preliminary injunction.
The judge also ruled that removing Cook caused her “irreparable harm” and that the president had likely violated her procedural right to due process by posting his letter to her on social media.
The Daily Beast has contacted the White House and the Federal Reserve for comment.
Trump posted a public termination letter on his Truth Social account last month, addressed to Cook, who was confirmed by the Senate in 2022 as the first Black woman to serve as a Federal Reserve governor.
His post contained allegations that Cook had committed mortgage fraud, claims that predated her time on the board, and said she was being removed from her position “effective immediately.”
At the time, Cook released her own statement, claiming Trump had “no authority” to fire her. She added, “I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022.”
Cook hired lawyer Abbe Lowell, who said in a statement last month that Trump’s “demands lack any proper process, basis or legal authority” and they would take whatever actions were necessary to prevent “his attempted illegal action.”
Governors can only be removed by a president with a valid reason for termination, known as “for cause.” Otherwise, they serve in long, fixed roles to add to financial stability. Cook, who was nominated to the post by Joe Biden, is not due to finish her current term until 2038.
The preliminary injunction Judge Cobb granted on Tuesday also found that Trump had likely violated the Federal Reserve Act by using social media to air his allegations about her mortgage fraud and also to fire her in public.
“The court is highly doubtful that Cook should have been required to piece together the evidentiary basis for a ‘for cause’ removal from a scattered assortment of social media posts and news articles,” Cobb wrote. “Even if the notice provided had been sufficient, Cook’s due process rights were nevertheless likely violated because she was not given a ‘meaningful opportunity’ to be heard.”
Cobb also barred Reserve Chair Jerome Powell or Fed officials from carrying out Trump’s wishes of firing Cook.
“This ruling recognizes and reaffirms the importance of safeguarding the independence of the Federal Reserve from illegal political interference,” Cook’s counsel Lowell said in a statement.
“Allowing the president to unlawfully remove Governor Cook on unsubstantiated and vague allegations would endanger the stability of our financial system and undermine the rule of law.”
He added, “Governor Cook will continue to carry out her sworn duties as a Senate-confirmed Board Governor.”
Trump did not answer a reporter’s question about a court overruling his firing when he was leaving a seafood dinner on Tuesday.
However, White House deputy press secretary Kush Desai told Politico that Trump’s firing of Cook was “lawful” and boosted accountability for the body that sets interest rates.
“The president determined there was cause to remove a governor who was credibly accused of lying in financial documents from a highly sensitive position overseeing financial institutions,” Desai said.
“The removal of a governor for cause improves the Federal Reserve board’s accountability and credibility for both the markets and American people.”
Judge Cobb’s ruling said this was the first purported “for cause” removal of a governor in the 111-year history of the Federal Reserve.
In her finding, Cobb said Trump’s attempt to remove Cook “was done in violation” of the “for cause” provision.
She said the best reading of that provision was that it was limited to “actions relating to that governor’s ‘behavior in office.’” And because the allegations of mortgage fraud occurred before Cook’s role as governor, Cobb said that “for cause” did “not contemplate removing an individual purely for conduct that occurred before they began in office.”
Trump has also attempted to fire Powell this year, unhappy with his refusal to cut interest rates.
Trump Hit With Fresh Court Blow After Revenge Firing
The Federal Reserve governor’s job is safe for now.
https://www.thedailybeast.com/trump-hit-with-fresh-court-blow-after-revenge-firing
MSNBC: Lawrence: One honest thing Trump said about Epstein’s survivors is ‘I haven’t thought about it’ [Video]
MSNBC’s Lawrence O’Donnell details how “Donald Trump wants you to believe he was the only close friend of Jeffrey Epstein’s who did not contribute to his birthday book” as Donald Trump dehumanized the survivors of Jeffrey Epstein when he said he hadn’t thought about meeting with them.
Fox News: ICE retreats from job site in upstate New York after being confronted by over 100 protesters [Video]
Workers stayed on a roof in Rochester as agents left with slashed tires following a four-hour ICE standoff.
Fox News: Federal agents forced to retreat on slashed tires after immigration raid confrontation in sanctuary city
More than 100 demonstrators surround ICE vehicles as roofers refuse to come down from rooftop
A dramatic standoff in upstate New York between immigration agents, roofers and protesters ended with officials leaving the scene with slashed tires Tuesday.
The confrontation happened at a residential job site where one worker was detained and others refused to come down from a rooftop in Rochester’s Park Avenue area.
Immigration and Customs Enforcement (ICE) agents, Customs and Border Protection (CBP) and other federal agencies arrived at the sanctuary city home to carry out a removal operation of the suspected illegal immigrants.
One roofer was taken into custody, while others stayed on the rooftop, WXXI News reported.
The incident escalated quickly when more than 100 protesters gathered at the scene, according to the NPR radio station.
Some were heard chanting “shame” and called the agents “gestapo,” according to the outlet.
At one point, a CBP vehicle, the station reported, was allegedly forced to retreat on four slashed tires as the crowd clapped. A few blocks away from the scene, the SUV was towed, WHAM reported.
The four-hour standoff saw federal agents abandon their attempts to detain other workers.
Late last month, the Rochester City Council voted unanimously to codify the city’s sanctuary policy.
The Western New York Coalition of Farmworker Serving Agencies helped mediate the standoff, according to WXXI.
“The coalition is committed to standing alongside farmworkers, immigrants, and migrants to ensure dignity, fairness, and access to justice,” coalition Executive Director Irene Sanchez said in a news release.
The incident came as the Trump administration has increased immigration enforcement across the country.
“President Trump’s been clear we’re going to prioritize public safety threats and national security threats, and data shows that’s exactly what we’re doing,” White House border czar Tom Homan told reporters Tuesday. “But if you want me to sit here and bless someone being here illegally, I’m not going to do that because they cheated the system.”
CBP and ICE did not immediately respond to Fox News Digital’s request for comment.
