The good news: Gas prices are down.
The bad news: Food prices are still rising.: |
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Despite gasoline prices dropping significantly, consumer prices rose 0.1 percent in August after remaining steady in July. What economists had predicted would happen: Economists thought there would be a 0.1 percent *decline* in inflation last month due to the dropping gas prices. What this increase means for the economy: "While the annual inflation rate still fell to 8.3 percent in August from 8.5 percent in July, sharp increases in prices for food and household staples will likely be a cause of concern for the Federal Reserve and other policymakers." Price increases by category, via The Hill's Sylvan Lane |
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➤ 'GET READY FOR A FOOD FIGHT: HIGH GROCERY COSTS ARE HERE TO STAY': |
Via Politico's Garrett Downs, "As inflationary pressure retreats in some areas, grocery bills have remained high. Republicans have seized on the opportunity, but culinary messaging is awash with pitfalls." The full read |
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➤ THE QUESTION WE ALL HAVE — 'HOW IS THE ECONOMY DOING?': |
It's Tuesday! We have nine days until the official start to fall, so enjoy these last few days of summer! 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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I'll have one slice of cake. And I'll eat another slice, please.: |
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"Former President Trump's legal team is trying to have it both ways — insinuating he declassified the documents stored at his Florida home without directly claiming he did so." What Trump's lawyers are saying: They are saying Trump had the power to declassify documents without explicitly saying that Trump did so. Some experts say that's actually worse — here's why: "Sitting presidents have broad power to declassify documents, but doing so sets off a chain of events, including notification of the many intelligence agencies that produce and manage that information. [Asha Rangappa, a lecturer at Yale University and a former FBI special agent] said a failure to alert the intelligence community shows Trump wanted the information he took to still have value — something that would be lost in the declassification process." Why did Trump want to keep roughly 300 classified docs?: It's unclear. "In court filings, the Department of Justice (DOJ) has noted that Trump's legal team has never offered an explanation for why he retained the records beyond arguing that he has a right to do so under executive privilege." What this could mean legally, via The Hill's Rebecca Beitsch |
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➤ THE DOJ LIKES ONE OF TRUMP'S PICKS TO REVIEW THE DOCS: |
"The Department of Justice (DOJ) on Monday said in a court filing it would support one of the special master nominees put forward by former President Trump's legal team to review documents seized during an FBI search of Mar-a-Lago." Details |
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Interesting read — lawmakers are *loving* remote work: |
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The Daily Beast's Sam Brodey reports that "since January, 370 members of Congress, roughly 83 percent of the chamber, have cast a remote vote. Combined, those members have voted remotely 23,154 times—greatly surpassing the 17,263 remote votes that were cast in 2021." And taking that one step further: "A sizable minority of the House has voted remotely on a regular basis. Seventy-seven lawmakers—overwhelmingly Democrats—have voted remotely on 100 or more of the year's 420 recorded roll call votes. That means roughly one in every six lawmakers has not been present in the U.S. Capitol for at least 25 percent of the roll call votes taken in the House this year." More from Brodey's review of the numbers |
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➤ 'DEMOCRATS WONDER IF THEY'RE MISSING HARRY REID IN NEVADA': |
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Ukraine has had quite the week: |
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"The Ukrainian military last week began a counteroffensive that quickly reclaimed territory and pushed Russian troops back to the northeastern border of the country in some places."
This is bad news for Russian President Vladimir Putin: "For Russia and Putin, it could force some very tough decisions on conscription and the future of a war that Moscow still insists is merely a special military operation."
Keep in mind: "The lightning advance forced thousands of Kremlin troops to make a quick retreat, leaving behind ammunition stockpiles and equipment." Stepping back — why this development is huge: "The Ukrainians' performance has amplified dissent in Russia, has strengthened President Biden's hand in rallying support for the country, has opened up new opportunities for Kyiv and is expected to make it harder for Russia to find support from its allies." Where the Russian invasion on Ukraine stands, via The Hill's Alex Gangitano and Ellen Mitchell |
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➤ 'THE STRATEGY BEHIND UKRAINE'S RAPID COUNTEROFFENSIVE WAS DEVISED BY U.S., UKRAINIAN AND BRITISH OFFICIALS.': |
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➤ 'PUTIN FACES RARE CRITICISM AT HOME AS UKRAINE'S TROOPS RECLAIM GROUND': |
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*Whisper whisper* *Murmur murmur murmur*: |
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Former President Trump was spotted by YouTuber Andrew Leyden landing at Dulles airport on Sunday. Which triggered swarms of media speculation over why he came unannounced: Some of the speculation, via Mediaite's Colby Hall Watch the video: Trump deplanes around the 3-minute, 44-second mark. He appears to be wearing golf shoes. |
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Business Insider's Rebecca Cohen reports that former President Trump was seen playing golf at his Virginia course on Monday. |
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➤ VIDEO OF TRUMP ON THE GOLF COURSE: |
NBC News's Kelly O'Donnell tweeted, "Former Pres. Trump at his Virginia golf property today but not appearing to play as he moved about with a large group. This video was shot at considerable distance."Watch |
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Tidbit from Pence — he was angry, not scared, on Jan. 6: |
Former Vice President Mike Pence is publishing a memoir in which he reveals how he was feeling as rioters on Jan. 6, 2021, chanted for him to be hanged. Excerpt from Axios's Mike Allen: "I was angry at what I saw, how it desecrated the seat of our democracy and dishonored the patriotism of millions of our supporters, who would never do such a thing here or anywhere else … I was not afraid, but I was angry." When will Pence's book be published?: On Nov. 15 |
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Cases to date: 95 million Death toll: 1,045,253 Current hospitalizations: 15,457 |
| Shots administered: 610 million Fully vaccinated: 67.6 percent CDC data here. |
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That view never gets old: |
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The House and Senate are in. President Biden and Vice President Harris are in Washington, D.C. - 9 a.m.: Biden received his daily briefing.
- 6:30 p.m.: First and last votes in the House. Today's House agenda
All times Eastern. |
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- 1:35 p.m.: White House press secretary Karine Jean-Pierre holds a press briefing. Livestream
- 3 p.m.: Biden hosts an event on the Inflation Reduction Act. First lady Jill Biden, Vice President Harris and second gentleman Doug Emhoff attend. Livestream
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Interested in exploring a new career? Visit The Hill Jobs Board to discover millions of roles worldwide, including: Manager, Financial Planning & Analysis — Betacom, Bellevue, Wash. Apply Director II, Data Science — Liberty Mutual Insurance, Seattle Apply Emergency Management Communications Specialist — Cherokee Federal, Washington, D.C. Apply Real Asset Investment Analyst — Washington Capital Management, Seattle Apply |
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Today is National Peanut Day. |
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Here's your official list of TV shows to watch if you haven't already: |
Emmy Awards were announced last night for the past year's best television shows. Vanity Fair compiled a full list of Emmy winners. |
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