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Tesla stock tumbles after Musk launches third party

Tesla’s stock tumbled 7 percent Monday morning after Elon Musk launched a third party and received an icy response from President Trump.  The tech billionaire announced Saturday he officially formed the America Party, a third party meant to challenge Republicans and Democrats, after weeks of floating the idea amid a feud with the president.  Musk…
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Bacon not ruling out bid for White House

Rep. Don Bacon (Neb.), a moderate Republican, said he is not ruling out the possibility of running for governor or president in the future. “I got asked the other day, ‘You say you’re interested in being an executive — is that governor or president?’ I go, ‘Yes,’” Bacon told NBC News in an interview last…
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Camp Mystic says it is mourning loss of 27 campers, counselors in Texas flooding

Camp Mystic in a statement posted on its website said 27 of its campers and counselors died in the catastrophic flooding in Kerr County, Texas, over the Fourth of July weekend. “Camp Mystic is grieving the loss of 27 campers and counselors following the catastrophic flooding on the Guadalupe river,” the camp said in the…
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BRICS group raises ‘serious concerns’ with increased tariffs

The BRICS bloc of developing nations adopted a declaration on Sunday condemning increased unilateral tariffs — but avoided mentioning the United States or President Trump by name. The group’s statement, issued at a two-day summit in Brazil, raised “serious concerns” with the tariffs, saying they are “inconsistent” with the rules of the WTO and threaten…
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Musk tweaks Trump with Jeffrey Epstein post

Tech billionaire Elon Musk trolled President Trump early Monday with a post knocking the administration for making no arrests related to the Jeffrey Epstein case. Musk, Trump’s former ally-turned-foe, posted an image to the social platform X of “The Official Jeffrey Epstein Pedophile Arrest Counter,” set to “0000.” “What’s the time? Oh look, it’s no-one-has-been-arrested-o’clock…
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Scott Bessent Claims More Trade Deals Are Coming Despite Limited Progress

The Trump administration has so far produced only three agreements on trade since April.

Canada’s walk back of digital services tax boosts Big Tech, spells trouble for similar efforts

Canada’s decision to rescind its digital services tax (DST) to restart trade negotiations with the U.S. represents a boon for major tech firms and could be a harbinger of what’s to come for similar measures in other countries, experts told The Hill.  The Canadian government announced late Sunday that it would scrap the tax on U.S. tech…
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Medicaid cuts could define midterms

Medicaid is set to become a key issue in the battle over control of Congress in next year’s midterm elections now that President Trump’s “big, beautiful bill” has passed.  Congress passed the largest Medicaid cuts in the program’s 60-year history through the GOP’s megabill right before the July 4th holiday, a $1 trillion reduction that’s projected…
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Donald Trump Admits He Misses Sports Team’s Old Racist Name

“It doesn’t have the same ring to me,” the president lamented.

Larry Summers Torches Donald Trump’s Bill With 2 Damning Questions

The former treasury secretary said he’s “never been as embarrassed for my country on July 4th.”

CNN Data Chief ‘Never Thought I’d See’ This Stunning Shift In Sentiment

“But that’s exactly where we are,” said Harry Enten.

Trump threatens additional tariffs on nations ‘aligning’ with ‘anti-American’ BRICS

President Trump threatened to impose an additional 10 percent tariff on countries “aligning” themselves with the BRICS bloc of developing nations. “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!” Trump…
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Trump Officials Are Doing Everything They Can To Obscure The Actual Fallout Of His Tax Bill

They’re trying to downplay Medicaid cuts — and the impact they’ll have on millions of people.

Trump’s Treasury Secretary Disses Elon Musk After He Announces Rival Political Party

Scott Bessent knocked the billionaire as unpopular during a Sunday appearance on CNN.

Scott on accusations that Trump is ‘too easy’ on Putin: ‘Hogwash’

Sen. Tim Scott (R-S.C.) rejected concerns that President Trump is going “too easy” on Russian President Vladimir Putin, as the White House works to broker a ceasefire between the Kremlin and Ukraine. In an interview on “Fox News Sunday,” anchor Shannon Bream asked the senator, who sits on the Foreign Relations Committee, about criticism from…
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Summers: No economist ‘without a strong political agenda’ says Trump bill good for economy 

Former Treasury Secretary Larry Summers railed against President Trump’s massive tax and spending bill, saying no objective economist would characterize the legislation as a boon to the economy. “There is no economist anywhere, without a strong political agenda, who is saying that this bill is a positive for the economy. And the overwhelming view is…
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Trump will ‘probably’ visit Texas on Friday after flash flooding

President Trump said on Sunday that he expects to travel to Texas on Friday to visit areas of the state hardest hit by the catastrophic flash flooding. “Probably on Friday,” Trump told reporters, when asked whether he plans to visit Texas. “We wanted to leave a little time,” he continued. “I would have done it…
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Gaza, Iran, trade: What to watch in Trump-Netanyahu meeting

Israeli Prime Minister Benjamin Netanyahu’s third visit to the White House this year marks a high point in his relationship with President Trump, coming on the heels of coordinated strikes on Iran that both have touted as setting back Tehran’s nuclear ambitions.  The Monday meeting also comes as Trump has called for Israel’s courts to…
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Bessent: Trump tariffs set to ‘boomerang back’ to higher rates if deals not reached

Treasury Secretary Scott Bessent said on Sunday that countries will see their respective tariff rates “boomerang back” on Aug. 1 to the higher levels announced three months ago, if they don’t strike a deal with the U.S. sooner. In Sunday show interviews, Bessent doubled down on President Trump’s comments Friday, in which the president told…
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Trump order calls for national park fee hikes for some: What to know

(NEXSTAR) — Just weeks after the Department of the Interior’s budget proposal for fiscal year 2026 suggested a surcharge for some national park visitors, President Donald Trump has signed an executive order calling for just that. The order, signed Thursday, directs Interior Secretary Doug Burgum to develop a “strategy” to boost revenue and improve recreational…
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Trump signs disaster declaration for Texas floods

President Trump said Sunday he has signed a disaster declaration for the recent deadly flooding in Texas. “I just signed a Major Disaster Declaration for Kerr County, Texas, to ensure that our Brave First Responders immediately have the resources they need,” Trump said in a Truth Social post Sunday morning. “These families are enduring an…
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Suozzi says Mamdani ‘tapped into the same thing’ as Trump

Rep. Tom Suozzi (D-N.Y.), a moderate Democrat, said President Trump and Democratic mayoral nominee Zohran Mamdani “tapped into the same thing” that catapulted their respective underdog campaigns to victory. In an interview on CBS News’s “Face the Nation,” Suozzi noted that both Trump and Mamdani, a democratic socialist who officially clinched the New York City…
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Beshear: Democrats will ‘have strong candidates’ in rural states

Kentucky Gov. Andy Beshear (D) said Sunday that Democrats “will have strong candidates” in governor’s races in rural states led by Republicans. “Your name frequently comes up as a contender for the 2028 Democratic primary for president. You said, ‘I’ll think about it after next year.’ What will make you decide that that’s going to…
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Bessent says DOGE principles ‘popular,’ Musk ‘was not’

Treasury Secretary Scott Bessent said Sunday that the principles of the Department of Government Efficiency (DOGE) were “popular,” but also said tech billionaire Elon Musk, formerly the leader of DOGE, “was not.” “He announced this weekend that he is starting a new political party,” CNN’s Dana Bash said of Musk on “State of the Union.”…
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House Democrat says climate change ‘obviously a part of’ Texas flooding

Rep. Joaquin Castro (D-Texas) said Sunday that climate change was “obviously a part of” the recent deadly flooding in Texas. “I think climate change is obviously a part of it. These floods are happening more often in more parts of the country, and really all over the world, and so we have to face that…
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