Just out from the U.S. Treasury and Secretary Yellen …
“After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1 …”
Treasury Secretary Janet Yellen sent a letter to House Speaker Kevin McCarthy (R-CA) on Monday, warning that debt ceiling armageddon may be only a month away.
Continue reading “Yellen Warns McCarthy That Treasury Could Run Out Of Money To Pay Country’s Debts ‘Early As June 1’”Montana state Rep. Zooey Zephyr (D) sued the state of Montana and the speaker of the Montana House on Monday after Republican lawmakers voted to censure and block her from speaking.
Continue reading “Montana Rep Zooey Zephyr Sues To Do Her Job”We’re now bearing down on crunch time in the debt-ceiling hostage-taking drama of 2023. Virtually all of the establishment press is playing to form and treating the situation as a more or less ordinary matter of legislative jockeying and negotiation. That’s a problem but not a surprise. We’ll discuss that in another post. But this morning I want to talk about something different, the story that most commentators aren’t grasping about where this situation is headed. It’s a set of assumptions that is leading most of D.C. — and, it would appear, most of Wall Street — to miss what’s coming.
Continue reading “It’s Gonna Be a Rough Ride”Texas Gov. Greg Abbott sparked outrage after he responded to a Friday mass shooting by highlighting the immigration status of the five victims – and getting it wrong, too.
Continue reading “Abbott Slammed For Highlighting Immigration Status Of Mass Shooting Victims”The Supreme Court opened a new front in its war against the administrative state Monday when it took up a case that asks it to consider overruling a doctrine that has long helped form the basis of executive branch agencies’ authority.
Continue reading “Supreme Court Takes Up Case That Existentially Threatens Agency Power “Senate Majority Leader Chuck Schumer (D-NY) said Monday morning that Democrats will use this week to launch a counteroffensive after House Republicans passed their debt ceiling bill last week.
Continue reading “Schumer Using House’s Absence To Launch Week Of Anti-GOP Debt Ceiling Bill Messaging”House Majority Whip Tom Emmer (R-MN) said on Sunday that President Joe Biden “doesn’t have to negotiate” over the debt ceiling because “Republicans in the House, led by Kevin McCarthy, have passed the solution.”
Continue reading “House GOP Whip Says He Has The Perfect Solution: Dems Should Give McCarthy Everything He Wants”A lot of things happened. Here are some of the things. This is TPM’s Morning Memo.
The cross examination of E. Jean Carroll in her rape and defamation case against Donald Trump is set to resume this morning in federal court in New York City. But a couple of odd developments over the weekend:
And now, Carroll’s lawyers have confirmed in a letter to the court that whatever they were discussing, it is ongoing & deserving of remaining under seal. 3/ pic.twitter.com/gPL2Bi9ywl
— Lisa Rubin (@lawofruby) May 1, 2023
The best part of all this, however, is the complaint by the Trump team that the judge understood a literary reference that they themselves did not:
To follow the Carroll trial in real time, this is your guy: @KlasfeldReports.
Here’s the key bit (emphasis mine):
But the Justice Department, with its ability to bring criminal charges, has been able to prompt more extensive cooperation from a number of witnesses. And prosecutors have developed more information than the House committee did, having targeted communications between Trump campaign aides and other Republican officials to determine if a barrage of fund-raising solicitations sent out after the election were knowingly misleading, according to the three people familiar with the matter.
Here’s the key bit (emphasis mine):
Former president Trump’s campaign quietly commissioned a second firm to study election fraud claims in the weeks after the 2020 election, and the founder of the firm was recently questioned by the Justice Department about his work disproving the claims.
The jury in the Proud Boys seditious conspiracy case continues to deliberate.
Gov. Greg Abbott (R) responded to a mass shooting over the weekend in southeast Texas by highlighting the immigration status of the victims (and getting that wrong, too):
A bill to eliminate tenure in the UNC and community college systems is on the move in the North Carolina General Assembly.
This isn’t a story about gerrymandering. It’s about the right wing seizing hold of the courts to undermine the rule of law. And it’s on full display in North Carolina right now, where the new right-wing majority on the state’s highest court is undoing its own precedent from last year.
Jason Zengerle, who has a book coming out on Tucker Carlson, assesses last week’s firing of the top Fox New host.
Immediate past White House Chief of Staff Ron Klain making sure DOJ hears him loud and clear:
First Republic Bank was seized overnight in the second largest bank failure in U.S. history, with its remnants sold to JP Morgan.
The WSJ obtained a trove of documents that includes the schedules of Jeffrey Epstein, showing him associating with a wider circle of influential and prominent people than previously known.
The President went full Dark Brandon to end his WHCA speech:
lmao Biden leaves the podium by putting on shades and making a Dark Brandon reference. amazing pic.twitter.com/bwNixDupTi
— Aaron Rupar (@atrupar) April 30, 2023
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