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☆ Cleveland-Cliffs CEO: Stelco Holdings purchase extends geography into business-friendly Canada
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCleveland-Cliffs CEO: Stelco Holdings purchase extends geography into business-friendly CanadaCleveland-Cliffs CEO Lourenco Goncalves joins 'Money Movers' to discuss what the company's latest acquisition does for it, what to expect in tariffs if Trump becomes president, and much more.

Persons: Lourenco Goncalves, Trump Organizations: Cliffs, Stelco Holdings Locations: Cleveland, Canada Cleveland

☆ Trump selects JD Vance as his running mate
▼ + stars: | 2024-07-15 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump on Monday announced that he had selected Sen. JD Vance of Ohio as his running mate, adding a vocal ally to a ticket aimed at appealing to Trump's base. "As Vice President, J.D. Vance illustrates that Trump remains unencumbered by the concerns that would typically animate a nonincumbent when selecting a running mate. A once self-described "Never Trump Republican," Vance previously said that he considered voting for 2016's Democratic presidential nominee, Hillary Clinton. AdvertisementIf Trump wins a second term, Vance would be sworn in as one of the youngest vice presidents in the nation's history.

Persons: —, Donald Trump, Sen, JD Vance, Ohio, J.D, Trump, Vance, Biden, Trump's, Mike Pence, Sherrod Brown, Hillary Clinton, Peter Thiel . Thiel, Mitch McConnell Organizations: Service, Monday, Troops, Business, New York Times, Republican, Republicans, Democratic, Trump, Trump Republican, GOP, PAC, Senate, Reuters Locations: Butler , Pennsylvania, Ohio, Washington, Ukraine, Manhattan

☆ The marks of the failed Donald Trump assassination attempt are already all over the markets
▼ + stars: | 2024-07-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The failed assassination attempt on Donald Trump is likely to be on investors' minds this week. Bitcoin surged on haven trade following the event, while the dollar also rose as the "Trump trade" returned. AdvertisementThe failed assassination attempt on former President Donald Trump is expected to dominate markets this week as investors focus on the so-called "Trump trade." Even before the weekend events, economists and analysts were already debating what a Trump presidency would mean for the markets. "Judging by historical parallels, this event will galvanize the Trump vote, meaning the markets will gradually price in the so-called 'Trump trade,'" wrote Rodda.

Persons: Donald Trump, Bitcoin, Trump, —, Kyle Rodda, TMTG, Hong, Rong Organizations: Trump, Service, Investors Locations: United States, Tokyo, Paris, Frankfurt

☆ The world's most accurate economist shares his US economic and political outlook, as well as the secret behind his accuracy
▼ + stars: | 2024-07-14 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Whether it's the markets or the Federal Open Market Committee, no one seems to be getting their forecasts right. But if you want the closest thing to accuracy, French economist Christophe Barraud may be your best bet. One caveat is that Trump would need 60 seats in the Senate to implement policy changes smoothly, Barraud noted. Where uncertainty in a Trump presidency remains is on the geopolitical front, Barraud noted.

Persons: —, Christophe Barraud, haven't, Barraud, it's, Donald Trump, Joe Biden, Trump, He's Organizations: Service, Federal, Market, Market Securities Monaco, Bloomberg, Business, Trump, Republican, Fed Locations: China, delinquencies, France, Italy, Ukraine, Russia

☆ Trump's ready for his big moment, though he's been winning without one
▼ + stars: | 2024-07-13 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Donald Trump is on a winning streak, which is all the more remarkable because he's barely played the game. He's in the strongest position any Republican presidential hopeful has been in July since George W. Bush in 2000. AdvertisementSince the debate, Biden has faced almost daily onslaught of Democrats calling him to step aside. Even as he's refrained from rallies, he's still ranting on social media. Trump also handed Biden's campaign a major gift by offering one of his signature "I don't know them" denials about Project 2025.

Persons: Donald Trump, he's, Joe Biden's, Trump, Biden, George W, Bush, Doug Sosnik, Kevin Dietsch, Jen O'Malley Dillon, Julie Chavez Rodriguez, Matt Gaetz, Marjorie Taylor Greene, He's, George Clooney, a5OhK8tKYL — David Weigel, Amber Rose, Kanye, Dana White, Mike Pence Organizations: Service, CNN, Trump, Republican, Electoral College, The New York Times, NATO, The Associated Press, Business, Democratic, Republicans, National Weather Service, Supreme Court, Capitol, New, GOP, Republican National Convention, Wall Street Journal, UFC Locations: Trump, New York, Milwaukee, New Hampshire, Minnesota, Virginia, New Mexico, Florida, Georgia

☆ Jon Stewart is angry the Democratic Party 'wasn't honest' about Biden and landed the US in a 'rock and a hard place' position
▼ + stars: | 2024-07-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Jon Stewart is upset that the Democratic Party failed to prepare for threats like Biden appearing weak. "I don't know if it was complacency, or deceit, or whatever it is," Stewart said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementComedian Jon Stewart accused the Democratic Party of putting its voters between a "rock and a hard place" by failing to prepare them for any doubts about President Joe Biden's health before the 2024 election. "What do I do with my anger at a Democratic Party that honestly has put us in this rock and a hard place position?"

Persons: Jon Stewart, Biden, Stewart, Biden's, —, Joe Biden's, Kamala Harris Organizations: Democratic Party, Trump, Service

☆ Big youth climate group calls for Biden to exit election race against Trump
▼ + stars: | 2024-07-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Sunrise Movement protesters gather near VP Harris' Brentwood home calling on her to urge President Biden to declare a climate emergency. The Sunrise Movement, a major youth climate group that strongly supported President Joe Biden in the 2020 election, urged him on Friday to exit the 2024 race against former President Donald Trump. We can't afford to ignore the warning signs in front of us," Sunrise Movement Executive Director Aru Shiney-Ajay said in a statement. "Joe Biden's next climate legacy-defining act must be to pass the torch to a new nominee," Shiney-Ajay said. "If Trump wins, he will demolish President Biden's historic climate achievements, such as the Inflation Reduction Act and American Climate Corps.

Persons: Harris, Biden, Simon Aron, Josiah Edwards, Joe Biden, Donald Trump, Aru Shiney, Ajay, Joe Biden's Organizations: Sunrise Movement, Brentwood, Sunrise, Movement, Democratic, Democrats, Trump, Climate Corps

☆ Volatile yen keeps markets on edge as intervention risks swirl
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: +4 min

A sheet of newly-designed Japanese 10,000 yen banknotes at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 28, 2023. The Japanese currency swung between gains and losses in early trading before trading slightly weaker. It spiked nearly 3% to as high as 157.40 immediately after the consumer inflation report on Thursday. "Currency interventions should certainty be rare in a floating rate market, but we'll need to respond appropriately to excessive volatility or disorderly moves," Kanda said. Tokyo intervened at the end of April and in early May, spending roughly 9.8 trillion yen ($61.55 billion) to support the currency.

Persons: Masato Kanda, Kanda, It's, Siong Sim, Charu Chanana, Matt Simpson, Menon, Donald Trump, Sterling Organizations: National Printing Bureau, Asahi, Nikkei, Bank of Singapore, U.S, CPI, Saxo, Federal Reserve, City, Traders, Presidential, Trump Locations: National Printing Bureau Tokyo, Tokyo, Japan, U.S

☆ Meta lifts Trump's Facebook and Instagram restrictions ahead of election
▼ + stars: | 2024-07-12 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Former President Donald Trump speaks during his campaign rally at the Trump National Doral Golf Club on July 09, 2024 in Doral, Florida. Meta said Friday it's removing any previously imposed penalties and restrictions on former President Donald Trump's Facebook and Instagram accounts, as the upcoming 2024 U.S. presidential election nears. In January 2023, Meta said it would reinstate Trump on its platform, and he regained access to his accounts the following month. But Trump was still subject to remaining penalties and restrictions that could have led to his social media accounts facing long suspensions. A Meta spokesperson characterized the update as "simply bringing presumptive GOP nominee Trump to parity with President Biden."

Persons: Donald Trump, Meta, Donald Trump's, Trump, Nick Clegg, Clegg, Biden Organizations: Trump National Doral, Club, Donald Trump's Facebook, Meta, Capitol, Trump, Republican, GOP Locations: Doral , Florida, Washington ,, United States

☆ Trump's promise of tariffs and deportations could pop the stock market bubble if he wins a 2nd term, Capital Economics says
▼ + stars: | 2024-07-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

An AI-driven stock market bubble could burst early if Trump wins the 2024 election, according to Capital Economics. Trump's proposed policies on tariffs and immigration could slow economic growth and spark higher inflation, the firm said. Higher inflation would restrict the Federal Reserve's ability to cut interest rates. AdvertisementThe ongoing stock market bubble that has been inflated by a strong rally in AI stocks could pop prematurely if former President Donald Trump wins the 2024 election. A second Trump Presidency "could potentially result in the imposition of universal tariffs and reductions in immigration," Higgins said.

Persons: Trump's, —, Donald Trump, John Higgins, Higgins, Trump Organizations: Trump, Capital Economics, Service, Trump Presidency, Federal Reserve

☆ Tesla could benefit if Trump returns to the White House
▼ + stars: | 2024-07-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Wedbush analysts note a Trump presidency may hurt the EV sector but benefit Tesla. Higher Chinese tariffs could limit competition, giving Tesla an edge in the US EV Market. Overall, Wedbush writes that Trump's presidency would be an overall negative for the industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to a note to investors from Wedbush analysts, Trump's possible return to the White House could be a good thing for Tesla.

Persons: Trump, Tesla, Wedbush, Trump's, — Organizations: Market, Service, Elon, Business

☆ As NATO meets, leaders look to 'Trump-proof' the military alliance
▼ + stars: | 2024-07-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

US President Donald Trump arrives for the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019. U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky speak during a meeting in New York on September 25, 2019. Hanno Pevkur, Estonia's defense minister, emphasized that NATO allies did not interfere in each other's domestic politics and democratic processes. So when, when the choice of American people is Donald Trump, then it's Donald Trump. Then all the countries in the world, including Estonia, including the NATO allies, have to talk with this administration who will be put in place."

Persons: Donald Trump, Christian Hartmann, Trump, Recep Tayyip Erdogan, Peter Nicholls, Jens Stoltenberg, Stoltenberg, Joe Biden's, —, Volodymyr Zelensky, Saul Loeb, Donald Trump's, Keir Starmer, Starmer, we've, that's, Radosław Sikorski, CNBC's Steve Sedgwick, Hanno Pevkur, It's, France —, Balázs Orbán, Viktor Orbán Organizations: NATO, AFP, Getty, Republican, Ukraine, Eurasia Group, Trump, Ukrainian, Independent, CNBC, Hungary's Locations: Grove, Watford, London, Washington, Ukraine, China, North Korea, Iran, Britain, New York, Europe, Russia, Estonia, United States, Germany, Canada, France, Poland

☆ Opinion | Trump Now Has ‘Carte Blanche to Do Unspeakable Things’
▼ + stars: | 2024-07-10 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +1 min

The combination of recent Supreme Court rulings on presidential power with the Democratic Party’s nomination crisis in the wake of Joe Biden’s disastrous debate performance has significantly improved Donald Trump’s prospects — not only his odds of once again becoming president, but also of enacting a sweeping authoritarian agenda. Trump’s debt to the six-member conservative majority on the Supreme Court is twofold. First, their delay. By waiting until the last day of the court’s term to issue their decision on Trump’s immunity claims, the justices effectively prevented prosecution of federal criminal charges against him before the election. “By shielding Donald Trump from standing trial before a jury in two of his felony cases,” Michael Podhorzer, a former political director of the AFL-CIO, writes in a post on his Substack, Tipping the Scales, “Trump’s three appointments to the Supreme Court, along with the even more MAGA Justices Alito and Thomas and Judge Aileen Cannon, have already irreparably interfered in the 2024 election.”Second, the substance of the July 1 ruling in Trump v. United States has convinced Trump and his allies that they will face few legal obstacles if they pursue a radical reconstruction of government — a “second American Revolution,” in the words of one loyalist — if Trump regains the White House on Nov. 5.

Persons: Joe Biden’s, Donald Trump’s, —, Donald Trump, ” Michael Podhorzer, “, MAGA, Alito, Thomas, Aileen Cannon, ”, Trump Organizations: Democratic, AFL, Trump v . United, Trump Locations: Trump v, Trump v . United States

☆ Democrats go public with fears of GOP ‘landslide’ that could jeopardize US democracy
▼ + stars: | 2024-07-10 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —President Joe Biden and his advisers keep issuing unequivocal declarations that he’s staying in the 2024 race, but Democrats aren’t hearing it. “Speaker Pelosi fully supports whatever President Biden decides to do,” a spokesperson said in a subsequent statement. “Donald Trump is on track, I think, to win this election, and maybe win it by a landslide, and take with him the Senate and the House,” he told CNN’s Kaitlan Collins. Trump is currently aheadCNN’s Road to 270 assessment of the electoral map shows Trump in position to win the election. “Donald Trump and the Republicans have loved every minute of watching this discussion,” Rep. Debbie Dingell, who represents the battleground state of Michigan, told CNN’s Jessica Dean.

Persons: Joe Biden, “, Nancy Pelosi, ”, Biden, Pelosi, Vermont Sen, Peter Welch, —, Colorado Sen, Michael Bennet, “ Donald Trump, CNN’s Kaitlan Collins, Adam Smith, ” Smith, Trump, CNN’s Wolf, Ritchie Torres —, Biden —, Clooney, George Clooney, cohosted, “ Joe Biden, ” Clooney, He’s, Rob Reiner, Michael Douglas, ABC’s George Stephanopoulos, doesn’t, Lester Holt, ’ Bennet, Sens, Sherrod Brown, Jon Tester, ” Bennet, Donald Trump, CNN’s, Ronald Brownstein, Clarence Thomas, Samuel Alito, Harry Enten, CNN’s Jim Acosta, Hakeem Jeffries, Annie Grayer, Manu Raju, Jeffries, Debbie Dingell, CNN’s Jessica Dean Organizations: CNN, Democratic, Democrat, New York Rep, Congressional Black Caucus, The New York Times, Democrats, Trump, Biden, Hollywood, Democratic National Convention, NATO, NBC, Colorado Democrat, Senate, Republicans, White, House Democratic Caucus, ” Locations: Vermont, Washington, Los Angeles, California, Chicago, Russia, New York City, Georgia , Michigan, Nevada, Michigan

☆ Biden needs to show he's 'with it' at 'extraordinarily important' NATO summit, former diplomat says
▼ + stars: | 2024-07-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

watch nowThe stakes are high for the NATO alliance as the organization's 75th anniversary summit gets underway in Washington this week. "I think this NATO summit in Washington is an important moment for Joe Biden, he really has to show that he is with it, he's ready to continue to lead not only the United States of America but the NATO alliance," she told CNBC's Dan Murphy. Asked if the summit could be make-or-break for the transatlantic alliance, Gottemoeller replied: "I think it is an extraordinarily important summit for the NATO alliance; I wouldn't say it is a make-or-break. US President Joe Biden participates in the US-Nordic Leaders' Summit at the presidential palace in Helsinki, Finland, on July 13, 2023. US President Joe Biden travelled to Britain on July 9, 2023, to a NATO summit in Lithuania and will end the trip to Europe on July 13, 2023 in Finland.

Persons: Joe Biden, Donald Trump, Rose Gottemoeller, CNBC's Dan Murphy, Gottemoeller, Andrew Caballero, Reynolds, Trump, Vladimir Putin, Defence Lloyd J, Austin III, Rustem Umerov, Jens Stoltenberg, Charles Q, Brown Jr, Omar Havana Organizations: NATO, CNBC's, Nordic, AFP, Getty, Trump, Kyiv, Defence, Ukrainian Defence, United, Joint Chiefs Locations: Washington, U.S, United States, America, Helsinki, Finland, Britain, Lithuania, Europe, Ukraine, Russia, Brussels, Belgium

☆ A Nobel-winning economist told us 3 ways a Trump presidency could make inflation worse
▼ + stars: | 2024-07-09 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewNobel Prize-winning economist Joseph Stiglitz told Business Insider in a June interview the US economy is "remarkably strong." "I think general consensus, not just my view, but almost anybody modeling what is going on would say the Trump administration would be more inflationary," Stiglitz told BI. Related storiesStiglitz noted Trump's promise of large increases in tariffs as one of the things that could make inflation worse. A third factor that could juice inflation would be the "drastic reductions in immigration" that Trump has proposed, Stiglitz said. AdvertisementOutside of the risks to inflation, Stiglitz said a Trump presidency could also mean a slowing GDP.

Persons: —, Joseph Stiglitz, Stiglitz, Trump, Axios, Trump's, Karoline Leavitt Organizations: Service, Democratic, Republican, Business, Republican National Committee, Trump, U.S, Republicans, CNN Locations: U.S

☆ Iran's new president may be a reformist, but change remains distant
▼ + stars: | 2024-07-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Newly-elected Iranian President Masoud Pezeshkian visits to the shrine of the Islamic Republic's founder Ayatollah Ruhollah Khomeini in Tehran, Iran on July 06, 2024. Fatemeh Bahrami | Anadolu | Getty ImagesIran on Friday elected its first "reformist" president in 20 years, signaling many voters' rejection of hardline conservative policies amid low turnout of just 49%, according to official figures. Iran's sole reformist candidate Masoud Pezeshkian and ultraconservative Saeed Jalili are set to go to runoffs after securing the highest number of votes in Iran's presidential election, the interior ministry said. "This is why many Iranians have lost hope in bringing about change through the ballot boxes and are boycotting elections." "The core structure of Iran's theocratic regime, where a Supreme Leader's authority eclipses that of any president, will remain steadfastly intact… In essence, Iran's theocracy is designed to resist meaningful change."

Persons: Masoud Pezeshkian, Ruhollah Khomeini, Fatemeh, Masoud, Ibrahim Raisi, Sina, Toossi, Massoud Pezeshkian, Majid Saeedi, Mohammad Khatami, Ayatollah Ali Khamenei, Nader Itayim, Khamenei, Itayim, Mohammad Bagher Ghalibaf, Amirhossein Ghazizadeh, Hashemi Alireza Zakani, Saeed Jalili, Mostafa Pourmohammadi, Iran's, ultraconservative Saeed Jalili, Atta Kenare, Ben Taleblu, Pezeshkhian, Mahsa Amini, Amini, Mahsa, Ozan Kose, Pezeshkian's Organizations: Anadolu, Getty, Center for International, CNBC, Guardian Council, Argus Media, Vehicles, Afp, Foundation for Defense of Democracies, AFP, for Human Rights, Trump Locations: Tehran, Iran, Afrasiabi, Islamic Republic, Mideast, Washington, Pezeshkian, Kurdish Iranian, Iranian, Istanbul

☆ Opinion: Trump’s move to the center is stunningly transparent
▼ + stars: | 2024-07-09 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +7 min

Trump’s obvious posturing toward the center was evident on Monday, when the Republican National Committee’s platform committee approved a draft that included language apparently moderating the GOP stance on abortion and same-sex marriageJill Filipovic. That decision has proven disastrous on many levels— especially for women in Republican-run states who continue to suffer the consequences. If leaving abortion to the states was the plan, why have Republicans pushed for national bans in Congress? He backed a national 20-week ban and promised to appoint pro-life judges who he thought would overturn Roe. Earlier this year, he said a 15-week national ban sounded very reasonable; now he doesn’t seem to want to discuss it.

Persons: Jill Filipovic, Donald Trump, Republican Party’s, Jill Filipovic Trump, Trump, Roe, Wade, MAGA, Republicans don’t, “, ” Trump, Marjorie Dannenfelser, Susan B, Anthony Pro, Harris, they’re Organizations: Twitter, CNN, White, Republican, GOP, Republican National, Court, Republicans, New York Times, Heritage Foundation, Truth, Biden, Voters Locations: New York

☆ Live Election Updates: Biden Faces Eroding Support in House With Crucial Week Looming
▼ + stars: | 2024-07-08 | by ( Michael D. Shear | Maggie Astor | ) www.nytimes.com time to read: +3 min

A Biden campaign event on Sunday in Harrisburg, Pa. Democrats have made abortion a key issue in campaigns ever since the Supreme Court overturned Roe v. Wade. In his 2016 presidential campaign, Mr. Trump pledged that he would appoint multiple anti-abortion justices to the Supreme Court, with a goal of overturning Roe. When the court’s Dobbs v. Jackson decision in 2022 ended the constitutional right to an abortion, Mr. Trump took credit. “Ask yourself: Who do you want in the White House — the man proud to overturn Roe v. Wade, or the president fighting for your rights?” the ad’s narrator says. Mr. Biden’s campaign, under intense scrutiny after his debate performance, has sought to keep the focus on Mr. Trump.

Persons: Roe, Wade, Biden’s, Donald J, Trump, Dobbs, Jackson, Biden, ”, “, playbook, ” Lauren Hitt, Kamala Harris Organizations: Biden, The New York Times, Mr, Republican, Heritage Foundation, Trump Locations: Harrisburg, Pa

☆ Trump's hush-money sentencing will still happen in September despite his new immunity superpowers, New York legal experts predict
▼ + stars: | 2024-07-07 | by ( Laura Italiano | ) www.businessinsider.com time to read: +12 min

It could help former President Donald Trump's hush-money conviction survive the US Supreme Court immunity opinion. Trump's lawyers are about to file what's known as a 330.30 motion to set aside the verdict. The Supreme Court presidential immunity opinion bars official-act evidence. US Supreme Court/BITrump's lawyers now say there were at least four times that the judge improperly let Manhattan prosecutors show official-act evidence to the jury. Trump's hush-money conviction appeal will take years and could even lead back to the US Supreme Court.

Persons: —, Donald Trump's, SCOTUS, Juan Merchan, he'll, John Moscow, Lewis Baach Kaufmann Middlemiss, It's, Donald Trump, Michael Cohen, Stormy Daniels, Trump, Cohen, Carlos Barria Trump, Diana Florence, Florence, Donald J, Hope Hicks, Andrew Harnik Trump, Joshua Steinglass, he's, Hicks, Said Florence, Charles Solomon, Solomon, Thomas Franczyk, Merchan, Trump's, Moscow, Justice Clarence, Thomas, Cannon, Aileen Cannon Organizations: Service, Business, New, Trump, Trump Organization, Attorney's, BI Trump, White House, White House Communications, AP, Prosecutors, Manhattan, BI Locations: York, Manhattan, New York, Moscow, Florence, Buffalo, Erie County, Florida

☆ A second Trump term would be 'chaos' for student loan borrowers
▼ + stars: | 2024-07-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump has long regarded the student loan forgiveness measures rolled out under the Biden administration as a stunt to garner "publicity for the election." At a campaign event in late June, Trump called Biden-era student debt relief measures "vile," suggesting that student loan borrowers shouldn't count on forgiveness under a second Trump administration. A recent Supreme Court ruling striking down the Chevron doctrine has already weakened the Education Department. Biden-era student loan forgiveness measures, as well as his new income-driven SAVE repayment plan, are making their way through court challenges led by conservative groups, which are not likely to be resolved before 2025. Advertisement"Overall, I think a Biden administration is going to be more favorable for college affordability than a Trump administration," Kantrowitz said.

Persons: —, Donald Trump, Biden, he's, Trump, Pell Grant, Jan Miller, Mark Kantrowitz, Kantrowitz, Betsy Mayotte, who'd Organizations: Service, Biden, Business, of Education, Department of Education, US Department of Education, Education Department, Senate, Trump, The, Student Loan Advisors, Education Department's, Education Locations: Washington ,, Mayotte

☆ 5 takeaways from Biden's first interview following his disastrous debate performance
▼ + stars: | 2024-07-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewAll eyes were on ABC News on Friday when President Joe Biden appeared in his first interview since his catastrophic debate appearance last week. Democratic donors and supporters of Biden saw the interview as key to addressing criticisms of his poor debate showing — in which Biden repeatedly fumbled his words and appeared to lose his train of thought. Biden, currently 81-years-old, has long faced criticism over his age and fitness for office, which grew louder following the debate. "If I stopped now, I would go down in history as a pretty successful president," Biden said. The polls show I can win," Biden said.

Persons: —, Joe Biden, Biden, He's, Reed Hastings, Abigail Disney, George Stephanopoulos, George, Stephanopoulos, Camp David wasn't, — Biden, Chuck Schumer, Hakeem Jefferies, that's, he's Organizations: Service, ABC, Business, Netflix, Democrats, ABC News, Camp, Trump, Democratic Locations: France

☆ Analysis: Biden’s ABC interview does nothing to quell the existential crisis around his campaign
▼ + stars: | 2024-07-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Washington CNN —President Joe Biden’s struggle to prove he’s got the strength and cognitive capacity for a second term is becoming an excruciating personal and national ordeal. While his interview performance was far stronger than the president’s often incoherent showing at the CNN debate in Atlanta, that’s not saying much. He appeared more composed and fluent than at the CNN debate. But Democratic Rep. Brad Sherman of California told CNN that the president needed to do a prolonged and live television interview unlike the recorded one on ABC. But increasingly, it seems as though the fear of a Trump term may be overwhelming satisfaction with Biden’s achievements.

Persons: Joe Biden’s, he’s, Biden, –, that’s, Friday, Virginia Sen, Mark Warner, Hakeem Jeffries, I’m, ” Biden, “, Almighty, ‘ Joe, ’ I’d, Almighty’s, Donald Trump, he’d, ”, ’, Trump’s, Trump, Biden’s, George Stephanopoulos, Brad Sherman, George Washington’s, Seth Moulton, Mike Quigley, ” “, ” Quigley, Maura Healey Organizations: Washington CNN, CNN, Democratic, Democrats, ABC News, Trump, NATO, ABC, ”, Boston, Illinois, MSNBC, United, Affordable Locations: Atlanta, Wisconsin, Washington, California, ” Massachusetts, United States, Massachusetts, America

Yet those efforts are complicated by Trump’s extremely close relationship with many of the people who launched Project 2025 or helped contribute to it. Dans shared with the audience it was his intention to serve in a second Trump administration should the former president win in November. “As we’ve been saying for more than two years now, Project 2025 does not speak for any candidate or campaign. But it is ultimately up to that president, who we believe will be President Trump, to decide which recommendations to implement,” the statement reads. LaCivita doubled down further on Friday, tweeting: “Poke the Bear you are going to be bit” while sharing an article titled: “Trump torches Heritage Foundation’s Project 2025.”

Persons: Donald Trump, Trump, “, ” Trump, Kevin Roberts, ”, Joe Biden, Paul Dans, Ben Carson, Ken Cuccinelli, Rick Dearborn, John McEntee, Roberts, Dans, we’ve, Russ Vought, Trump’s, Mark Meadows, Sen, Jim Demint, Stephen Miller, Biden, ” Biden, Ammar Moussa, Susie Wiles, Chris LaCivita, LaCivita Organizations: CNN, Heritage Foundation, Trump loyalists, Trump, Affordable, Management, Urban, White, Republican, Biden, GOP, Republican National Convention, Conservative Partnership Institute, White House, America, RNC, Trump Administration, Heritage Locations: America

☆ What’s at stake for the climate if Trump wins? ‘A catastrophic outcome’
▼ + stars: | 2024-07-03 | by ( Ella Nilsen | ) edition.cnn.com time to read: +12 min

CNN —In the first week of a new Trump administration, President Joe Biden’s climate wins would get put through the shredder. “He has said he’s going to come back with a vengeance,” former US special climate envoy John Kerry told CNN. He has railed against Biden’s climate policies at rallies and derided clean energy, vowing to push America back to fossil fuels. He has openly courted the oil industry at fundraising events, the Washington Post reported, promising regulation rollbacks in exchange for campaign cash. It could happen “very fast,” said David Bernhardt, who served as Interior Secretary in the Trump administration.

Persons: Trump, Joe Biden’s, nix, ”, John Kerry, it’s, “, Joe Biden, ” Trump, Karoline Leavitt, Leavitt, Anna Moneymaker, ” Mandy Gunasekara, David Bernhardt, Bernhardt, Biden, Trump’s, Sarah Palin, ’ pocketbooks, Diana Furchtgott, Roth, Gavin Newsom, ” Newsom, “ We’re, Newsome, David Paul Morris, John Bozzella, Bozzella, ” Bozzella, he’s, ” Bob McNally, George W, Bush, Scott Olson, –, ” Bernhardt, McNally, ” McNally, ’ Trump, Nate Hultman, Frederic J . Brown, haven’t, Kerry, ” Kerry, CNN’s Alayna Treene, Bill Weir, Julian Quinones Organizations: CNN, Trump, Washington Post, White, Environmental, Agency, EVs, Environmental Protection Agency, Republicans, Treasury Department, Former Trump Department of Transportation, Heritage Foundation, California Gov, Bloomberg, Alliance, Automotive Innovation, Biden, Fox News, Energy, Rapidan Energy Group, Bush White House, US Energy Information Administration, Trump Interior, Trump’s, Center for Global Sustainability, University of Maryland, State Department, Getty, United Nations Locations: Alaska, Paris, United States, Philadelphia, California, Washington ,, San Francisco, CNN California, Montebello , California, AFP

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