The Bulletin July 5, 2025
Why it matters: At least 24 people were dead and many missing after torrential rains unleashed flash floods along the Guadalupe River in Texas on Friday. Among the missing are at least 23 girls from an all-girls summer camp located on the banks of the river.
Read more in-depth coverage:
Deadly Texas Flooding: Live Tracker Maps
TL/DR: Asked about the floods while speaking to reporters aboard Air Force One as he headed to his New Jersey golf club, Trump said: "It's terrible. The floods? It's shocking."
What happens now? Rescue operations remain underway. Asked if the government would be sending federal aid, the president said: "Oh yeah, we'll take care of them. We're working with the governor. We're working with the governor. It's a terrible thing."
Deeper reading Donald Trump Responds To Fatal Texas Flash Floods: 'Shocking'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Musk says he is forming new political party after fallout with Trump
Billionaire Elon Musk said Saturday he is forming a third political party, after a dramatic falling out with Donald Trump, indicating he will make good on threats he made if the president's domestic policy bill became law. 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' Trump's former 'first buddy' said on his social media platform, X. 'Today, the America Party is formed to give you back your freedom.' Musk, the largest individual donor to Trump's 2024 presidential campaign and, until recently, a close adviser to the president who spearheaded his administration's push to cut government waste, had criticized Trump's 'big beautiful bill' because of estimates that it would add trillions of dollars to the federal deficit. Musk's criticism of the bill was the catalyst for a major falling out between the two men last month. That feud seemingly cooled after Musk expressed regret and deleted the most incendiary social media posts he made about Trump, but it reignited in the last several days as the bill neared passage. Trump signed the bill into law on Friday. For his part, Trump called Musk's announcement of the new party 'ridiculous' and said it would sow confusion. 'I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party,' Trump said ahead of boarding Air Force One in New Jersey on Sunday. 'The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion.' 'Third parties have never worked, so he can have fun with it — but I think it's ridiculous,' the president added. In a late-night post on his Truth Social, Trump further attacked Musk, describing him as 'off the rails.' 'I am saddened to watch Elon Musk go completely 'off the rails,' essentially becoming a TRAIN WRECK over the past five weeks,' Trump wrote late Sunday. 'He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States.' It's unclear to what extent Musk has taken steps to legally form the party, which would be required to register with the Federal Election Commission. The most recent FEC filings showed no indication that has happened. The world's richest man has indicated he wants a party that is fiscally conservative and reins in spending but has offered few other details about what the party's platform would be. Musk and Trump hold similar views on contemporary social issues. But Musk has argued the Republican policy agenda will increase the debt, calling it 'debt slavery.' The two-party system in the United States has long been criticized by both registered Democrats and registered Republicans, but efforts in the last century to form a third party have shown little success. Billionaire Ross Perot ran for president as an independent in 1992, winning nearly a fifth of the popular vote, but carried no states in the election, which was won by Bill Clinton. As CNN previously reported, experts in campaign finance and political science say it is financially and legally difficult to create a new party, and voters and candidates are hesitant to join. Musk said in other posts to social media this week that his party would become an active political force during next year's midterm elections and that it would initially focus on supporting candidates in just a handful of House and Senate races. Trump, in turn, has made his own threats against the man who at one point was his most visible adviser. The president said earlier this week the government may reconsider its massive contracts with Musk's companies and described the Department of Government Efficiency, which the billionaire previously helmed, as a monster that may 'go back and eat Elon.' CNN's Hadas Gold and Samantha Waldenberg contributed to this report.
Yahoo
19 minutes ago
- Yahoo
BRICS tariff to be applied only if they adopt policies deemed 'anti-American', source says
By Andrea Shalal WASHINGTON (Reuters) -The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called "anti-American" policy actions, according to a source familiar with the matter. President Donald Trump said on Sunday that the United States will impose an additional 10% tariff on any countries aligning themselves with so-called "anti-American policies" of the BRICS group of developing nations, triggering sharp denials from its members that they were oriented against the United States. "A line is being drawn. If policy decisions are made that are anti-American, then the tariff will be charged," said the source, who requested anonymity because they are not authorized to speak on the matter. No executive order has been released by the White House. Trump's announcement, made on his Truth Social media platform, came as India, Indonesia and other countries within the BRICS group were negotiating last-minute trade deals with the U.S. government ahead of a July 9 deadline when tariff rates had been scheduled to go up. The effective date for those tariffs has now been postponed until August 1. Trade experts said the new tariff threat was aimed at maintaining and increasing pressure on countries seeking to avoid high tariffs proposed by Trump in April. Many BRICS members and partner countries are highly dependent on trade with the United States. Trump's posting came hours after BRICS leaders issued a 31-page statement in which they condemned attacks on Gaza and Iran, called for reforms to global institutions and warned that unilateral tariffs threatened global trade. The first BRICS summit in 2009 was attended by leaders from Brazil, China, India and Russia, with South Africa joining later. Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates were included last year, and Saudi Arabia, while accepted as a member, is participating as a partner country. Other partner countries include Bolivia, Nigeria, Cuba, Kazakhstan, Malaysia, Thailand, Vietnam and Uganda. Trump has close ties to leaders of some of those countries, such as Saudi Arabia and UAE, and has been touting the prospect of a trade deal with India for weeks. His administration concluded a framework trade deal with Vietnam last week, and has been in talks about a similar agreement with Thailand. In the BRICS leaders Sunday statement, they condemned attacks on Gaza and Iran by Israel, a U.S. ally, and called for reforms to global institutions, warning that the rise in "unilateral tariff and non-tariff measures" threatened global trade. It was not immediately clear if Trump's latest tariff threat would derail trade talks underway with India, Indonesia and other BRICS nations. South Africa insisted it was not "anti-American" and said its talks with the U.S. government remained constructive. Indonesia, keen to avert a threatened 32% tariff rate, is due to sign a $34 billion pact with U.S. partners this week and has offered to cut duties on key imports from the United States to "near zero" and to buy $500 million worth of U.S. wheat.
CNBC
22 minutes ago
- CNBC
The growth effects from GOP megabill will add to deficit long-term, says CRFB's Maya MacGuineas
Maya MacGuineas, Committee for a Responsible Federal Budget president, joins 'The Exchange' to discuss the cost of Trump's Big, Beautiful Bill.
