Why President Biden is doing a little happy dance in the White House residence: |
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President Biden, who has been struggling with his approval polling for months amid a declining economy and international crises, is now heading into this weekend with one of the best weeks of his presidency. Let's run through the week: |
IT'S FRIDAY! WE MADE IT. I'm Cate Martel with a quick recap of the morning and what's coming up. Did someone forward this newsletter to you? Sign up here. |
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Whoaaa — the jobs' numbers came in hot this morning: |
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The U.S. added an astounding 528,000 jobs in July, shattering expectations. Because that number probably doesn't mean much to you: Economists had predicted that roughly 250,000 jobs would be created in July. The other good news in the jobs' report: The unemployment rate fell to
3.5 percent, meaning it has officially returned to its pre-pandemic level. This is a 50-year low for unemployment. What does this mean for recession fears?: "The stunning July jobs gain will raise questions about how close the U.S. economy actually is to a recession after months of growing concern over a sharp slowdown. The resilience of the labor market also means the Federal Reserve may have more room — or at least feel more pressure — to rapidly raise interest rates and fight inflation without fears of triggering steep job losses." More on where the U.S. economy stands in terms of a recession, via The Hill's Sylvan Lane |
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Democrats got the big thumbs up they needed: |
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After a nerve-wracking week for Democrats waiting to hear whether moderate Sen. Kyrsten Sinema (D-Ariz.) would support or tank their reconciliation bill, Sinema announced last night that she will back the bill. But with her stamp on the bill: Her revised version of the bill no longer closes the carried interest loophole. OK, so now what?: Senators will vote on the motion to proceed sometime on Saturday afternoon, followed by up to 20 hours of floor debate. At this point, a vote-a-rama will happen, where Republicans can offer amendments to slow down the process. Once that is complete, senators will vote on the package's final passage. |
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➤ 'SINEMA HAD ONE REQUEST FOR THE BILL: PRESERVE A SO-CALLED CARRIED INTEREST TAX LOOPHOLE. WHAT DOES THAT DO?': |
The New York Times's Alan Rappeport and Emily Flitter explain. |
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➤ A PREVIEW OF THE WEEKEND, AS TOLD BY GOP SENATORS: |
CNN's Manu Raju tweeted, "'What will vote-a-rama be like? It will be hell' [Sen. Lindsey Graham (R-S.C.)] told me of the marathon voting session on reconciliation. [Sen. John Thune (R-S.D.)] promises 'hard' votes. Goal for Republicans: Try to win a vote on the floor that will change the bill and convince Manchin and Sinema to tank it." |
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Trump loves a TV celeb, but that may not be a good thing for his party: |
"[Former President Trump] has backed a host of candidates in party primaries who are famous or have a track record in television, or both. But many of his chosen stars are underperforming, complicating the GOP's electoral chances." This applied to Trump's administration, as well: "While president, Trump installed figures known at least in part for TV work, such as Omarosa Manigault Newman, Larry Kudlow and Anthony Scaramucci, into senior positions — often with tumultuous results. He also sought outside counsel from media figures including Sean Hannity and Lou Dobbs, to the frustration of some White House aides." An example in 2022: "The clearest recent example of Trump's seemingly misplaced ardor for celebrities is Mehmet Oz, better known as TV's 'Dr. Oz.'" Other examples in the midterms — and why it's leaving Republicans in an uncomfy position, via The Hill's Niall Stanage |
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➤ A WIN FOR TRUMP YESTERDAY: |
"Former television news anchor Kari Lake is projected to win Arizona's Republican gubernatorial nomination, handing a high-profile win to former President Trump." Quick primer on that race |
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Pluribus News's Reid Wilson tweeted, "Election-denying Colorado Sec/State candidate Tina Peters paid $250k to recount the Republican primary she lost. She needed 89,000 votes to change to win. She gained a total of 13 votes — and so did Pam Anderson, the primary's actual winner." |
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➤ MEANWHILE — A PROBLEM FOR DEMOCRATS: |
The Hill's Cheyanne M. Daniels writes that "Black voters' dissatisfaction could spell trouble for Democrats." The full story |
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Four people were struck by lightning outside the White House on Thursday when strong storms hit the area. Two of the injured have died, and the two others are in critical condition. The victims who died: 76-year-old James Mueller and 75-year-old Donna Mueller, both from Janesville, Wis. Reaction from the White House: "We are saddened by the tragic loss of life after the lightning strike in Lafayette Park. Our hearts are with the families who lost loved ones, and we are praying for those still fighting for their lives," press secretary Karine Jean-Pierre said in a statement. |
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➤ THE WEATHER FELT UNSTEADY LAST NIGHT: |
Check out this photo: @Conthescene tweeted, "Simultaneous sunbeams, rainbow, and lightning over Washington DC this evening." Photo
The radar was a bit too colorful for my liking: Watch the storms roll in last night, via The Capital Weather Gang. Watch last night's radar |
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Cases to date: 91.6 million Death toll: 1,027,370 Current hospitalizations: 37,113 |
| Shots administered: 604 million Fully vaccinated: 67.2 percent CDC data here. |
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After 19-year-old tennis start Emma Raducanu won her match in Washington, D.C.'s Citi Open yesterday, she met with British Ambassador Karen Pierce. Watch Keep in mind: This was a three-hour, two-set match in extreme heat. |
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The House and Senate are out. President Biden is at the White House. Vice President Harris is in Washington, D.C. - 10:30 a.m.: Biden received his daily briefing.
- Noon Saturday: The Senate meets to consider the Inflations Reduction Act of 2022.
All times Eastern. |
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- This morning: Senate Republicans held a briefing on Democratic spending. Watch
- 1 p.m.: Biden signs two bills to hold those who commit fraud under COVID-19 small business relief programs accountable. Small Business Administrator Isabella Casillas Guzman also attends. Livestream
- 2 p.m.: White House press secretary Karine Jean-Pierre holds a press briefing. Livestream
- 3 p.m.: Harris convenes Latina state legislators from Kansas, Arizona, Utah, Nevada, Illinois, New York and Texas to discuss reproductive rights. Livestream
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Today is National Oyster Day and International Beer Day! | |
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