
U.S. Rep. Brad Schneider embraces higher House profile; ‘The future of our country depends on our success'
Since being elected chair of the 115-member New Democrat Coalition on Nov. 20, putting him in a leadership position in the Democratic Party, U.S. Rep Brad Schneider, D-Highland Park, has watched his role evolve in after the whirlwind executive orders and other actions of President Donald Trump began on Jan. 20.
Though the group's purpose remains the same since it was formed in 1997 — 'passing legislation and getting stuff done' — Schneider said leading the group through unprecedented times is a challenge he considers crucial for his colleagues and the country.
'There has never been a time like this,' he said. 'Trump is making an all-out attack on the Constitution, the rule of law and our democratic institutions. This is what I tell people at rallies, town halls, senior centers and schools. We have to fight for what America can be.'
Schneider plans to accelerate his efforts to build coalitions to pass legislation in Washington and communicate with constituents in northeast Illinois to counteract Trump's actions now and in building toward the 2026 midterm elections.
Joining the 'New Dems' when he was first elected to Congress in 2012, Schneider said there were 42 members at that time. It grew to 115 with the start of the current 119th Congress in January. He said they are new Democratic members who replaced retired nonmembers, or others who see it as a way to 'get things done.'
'We work across our caucus and reach across the aisle,' he said. 'Using Republicans is part of our mission. It is necessary to pass legislation and get stuff done.'
U.S Rep Suzan DelBene, D-Washington, came into Congress with Schneider in 2012. She was the previous chair of the New Dems. She entered Congress with Schneider and has watched him grow into his leadership role. They both serve on the Committee on Ways and Means.
'He shows results for our committee, the New Dems, the people he represents and our country,' DelBene said. 'He works very well with people in a group situation. He had had some of the best ideas for us.'
DelBene said Schneider is now in a position to help stop, 'the damage Elon Musk and Donald Trump are doing to the nation.'
Some New Dems members, like U.S. Rep. Nikki Budzinski, D-Springfield, joined before they became members. First elected in 2022, she said she contacted Schneider when she first became a candidate. He became a mentor.
'I reached out to Brad because his district is diverse like mine,' Budzinski said. 'He invited me as a special guest at his Women for Brad event. He has been a valuable counsel on a variety of issues.'
During a town hall Schneider held in March at the College of Lake County in Grayslake, Ashby Beasley of Highland Park asked Schneider to 'take the gloves off' when criticizing Trump and Musk, who heads the cost-cutting Department of Government Efficiency.
'Say something to give us hope,' Beasley said. 'Don't back down. We'll be right there with you.'
Beasley said last week she would like to see more young people like U.S. Rep. Alexandria Ocasio-Cortez, D-New York, and U.S. Rep. Maxwell Frost, R-Florida, in leadership roles.
Though she said she is a supporter of Schneider, Dana Gordon, also a Highland Park resident, said she wants to see a very strong response from Democratic leadership about Trump's attempts to, 'dissolve our democracy.'
'Congress has to respond, and they have to do it strongly,' Gordon said. 'They have the power of the purse, and they have to use it. They are in charge of that.'
Getting more vocal, Schneider is critical of Trump's attacks on free speech at universities, deportations without due process — be they migrants or students — and how the president is impacting the country's reputation around the world.
'He has surrendered to Vladimir Putin on Ukraine,' Schneider said. 'He has damaged America's leadership in the world. We have to persevere and be strong. The future of our country depends on our success.'
Looking to the 2026 election, Schneider said the New Dems, through its political arm the NewDem Action Fund, are looking for candidates to help the Democrats regain the majority in the House of Representatives and supporting incumbents in competitive districts.
'We're working to flip enough seats so the Democrats will have a majority,' Schneider said, 'We're working with our incumbents so they can hold their seats.'
With the Republicans now holding a slim majority in the House, Schneider said legislation can be passed by getting a few — four will do it — to vote for legislation supported by the Democratic caucus.
'We don't need them to leave the Republican Party,' he said. 'They just need to join us to preserve America's democracy.'
Though as his seniority grows, Schneider may have other leadership positions, such as chairing a committee — he sits on the House Foreign Affairs Committee as well as Ways and Means — he said he does not plan to run for the U.S. Senate. Sen. Dick Durbin said Wednesday he is not seeking reelection in 2026.
'I know every nook and cranny of the 10th District,' Schneider said. 'I really like representing the people here.'
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CBS News
16 minutes ago
- CBS News
Vance says Musk's attacks on Trump were a "huge mistake" but tries to downplay spat
Vice President JD Vance said Elon Musk was making a "huge mistake" going after President Trump in a storm of bitter and inflammatory social media posts after a falling out between the two men. But the vice president, in an interview released Friday after the very public blow-up between the world's richest man and arguably the world's most powerful, also tried to downplay Musk's blistering attacks as an "emotional guy" who got frustrated. Musk attacked Mr. Trump in a torrent of social media posts, first criticizing the president's spending package and then targeting him with more direct attacks. Mr. Trump then portrayed Musk as disgruntled and "CRAZY" and threatened to cut the government contracts held by Musk's businesses. Trump ally Steve Bannon called for an investigation into Musk's immigration status and alleged drug use. During an interview with comedian Theo Von, Vance said he hopes that "eventually Elon comes back into the fold," but said it might not be "possible now because he's gone so nuclear." The interview was taped on Thursday as Musk's posts were unfurling on X, the social media network the billionaire owns. "Look, it happens to everybody," Vance said in the interview. "I've flown off the handle way worse than Elon Musk did in the last 24 hours." Tesla and SpaceX CEO Elon Musk, President Donald Trump and Vice President JD Vance attend a campaign event, Oct. 5, 2024, in Butler, Pa. Alex Brandon / AP The vice president told Von that as Musk for days was calling on social media for Congress to kill Mr. Trump's "Big Beautiful Bill," the president was "getting a little frustrated, feeling like some of the criticisms were unfair coming from Elon, but I think has been very restrained because the president doesn't think that he needs to be in a blood feud with Elon Musk." "I actually think if Elon chilled out a little bit, everything would be fine," he added. Vance's comments come as other Republicans in recent days have urged the two men to mend fences. Just weeks ago, Mr. Trump and Musk were close allies, spending significant time together while the billionaire served as a special advisor to the president and led the "Department of Government Efficiency," or DOGE. Vance called Musk an "incredible entrepreneur," and said that DOGE, which sought to cut government spending and laid off or pushed out thousands of workers, was "really good." Vance defends Trump against Epstein allegations Musk, who runs electric vehicle maker Tesla, internet company Starlink and rocket company SpaceX, also claimed without evidence that the government was concealing information about the president's association with infamous pedophile Jeffrey Epstein. During the interview, Von showed the vice president Musk's claim that the Trump administration hasn't released all the records related to sex abuser Epstein because Mr. Trump is mentioned in them. Vance responded to that, saying, "Absolutely not. Donald Trump didn't do anything wrong with Jeffrey Epstein." Mr. Trump's name has been found in court documents related to Epstein's case, but his appearance in the documents is not evidence of wrongdoing. CBS News has previously covered Mr. Trump's presence in those documents. In February, the Department of Justice gave a group of right-wing influencers binders labeled "The Epstein Files: Phase 1," but the influencers later said that there was little new information in the files. Attorney General Pam Bondi later shared the documents widely and said the first phase "largely contains documents that have been previously leaked but never released in a formal capacity by the U.S. Government." She said more documents would be forthcoming, but there have been no other releases since. Musk appeared by Saturday morning to have deleted his posts about Epstein. "The president is doing a good job" Musk also shared a post calling for Mr. Trump to be impeached and replaced with Vance. He also called for the formation of a new political party. The vice president said comments like those were "just not helpful." "It's totally insane. The president is doing a good job," Vance told Von. The vice president also defended the bill that has drawn Musk's ire, and said its central goal was not to cut spending but to extend the 2017 tax cuts approved in Trump's first term. The bill would slash spending but also leave some 10.9 million more people without health insurance and spike deficits by $2.4 trillion over the decade, according to the nonpartisan Congressional Budget Office. Musk has warned that the bill will increase the federal deficit and called it a "disgusting abomination." Elon Musk and Vice President JD Vance listen as President Donald Trump speaks at a campaign rally, Oct. 5, 2024, in Butler, Pa. Evan Vucci / AP "It's a good bill," Vance said. "It's not a perfect bill." Vance also said it was ridiculous for some House Republicans who voted for the bill but later found parts objectionable to claim they hadn't had time to read it. The vice president said the text of the bill had been available for weeks. "The idea that people haven't had an opportunity to actually read it is ridiculous," Vance said.

Miami Herald
19 minutes ago
- Miami Herald
Veteran fund manager resets stock market forecast amid Musk, Trump fallout
Put two mercurial personalities in the room, add competing goals and a hefty dose of media pressure, and what do you get? Let's just say that the high-profile friend-to-foe saga isn't overly surprising. Elon Musk and Donald Trump are polarizing figures with a penchant for dropping verbal bombshells, and that was particularly evident this week as the two sparred over the Big Beautiful bill, electric vehicle credits, and debt. The rift may shock some, however, given how closely Musk and Trump worked together over the past year. Don't miss the move: Subscribe to TheStreet's free daily newsletter Musk spent hundreds of millions helping elect Donald Trump as president, and Trump rewarded Musk with a high-profile role in his administration as the head of the Department of Government Efficiency, or DOGE. Trump even went so far as to host a Tesla showroom on the White House lawn to support Musk after Musk's political activism caused a drop in Tesla's sales. One person who wasn't the least bit surprised by the high-profile dust-up was veteran hedge fund manager Doug Kass. Back in December, Kass picked the break-up as one of his top 15 surprises for 2025. It was far from the only correct forecast for Kass. He also predicted a stock market reckoning could cause the S&P 500 to fall 15%, and in April, he accurately forecast that stocks would find their footing after the brutal sell-off. Kass recently revisited his take on Musk and Trump, and how stocks may react to their fallout. His S&P 500 outlook may disappoint many, while his take on Trump and Musk might surprise most. After back-to-back 20% gains in the S&P 500 in 2023 and 2024, including an impressive 24% return last year, investors may have complacently expected more good times in 2025. Then reality set in. The stock market has whipsawed amid a series of shocks, many delivered by President Trump and Elon Musk, via his high-profile and much-debated cost-cutting at DOGE. Related: Elon Musk latest message sends Tesla stock surging Stocks came into 2025 arguably priced to perfection. Optimism for a friendly Federal Reserve shift in monetary policy to dovish interest rate cuts and a flood of artificial intelligence spending fueled big returns last year, pushing the S&P 500's price-to-earnings ratio north of 22. Historically, returns following high P/E ratios have been largely lackluster. That point wasn't lost on Kass, who correctly said in December that the S&P 500 could drop 15% in 2025. "Surprise #9: In 2025, the S&P Index falls by about 15%. The technology-laden Nasdaq drops by over 20%," wrote Kass. Kass beat the bearish drum continuously through February, when the S&P 500 reversed after hitting all-time highs. From mid-February through early April, bombshells in the form of shockingly high tariff announcements from President Trump and job losses stemming from Musk's DOGE efforts caused the benchmark index to plummet. At its worst, the S&P 500 fell 19%, while the tech-heavy Nasdaq fell about 24%. The sharp drop was painful, and many hit the sell button, worried that an endless stream of uncertainty would cause even greater losses. Kass, however, correctly reversed course, making bargain-basement buys on the indexes and tech leaders, including Amazon, near the lows. Since then, Trump's pause on tariffs and potential for trade deals that ease the tariffs' bite have helped fuel a dramatic recovery, lifting the S&P 500 by 20%. More Economic Analysis: Hedge-fund manager sees U.S. becoming GreeceA critical industry is slamming the economyReports may show whether the economy is toughing out the tariffs The result has been a nausea-inspiring roller coaster ride for buy-and-hold investors. That's been particularly true for Tesla (TSLA) shareholders. The EV company rallied after Trump's election amid hope that Musk's White House connections would pave the way to sales growth. Instead, Musk's DOGE efforts, and arguably controversial political comments, caused a mass exodus of left-leaning Tesla buyers. Sales cratered in key markets, including Europe and California, the largest U.S. auto market. In Europe, Tesla sales dropped 49% year-over-year in April to 7,261 vehicles, according to the European Automobile Manufacturers' Association. In California, Tesla registrations fell 21.5% year-over-year in the first quarter, while non-Tesla electric vehicle (EV) registrations grew 14%. Tesla's stock price got hammered as a result, falling 54% from mid-December highs to early April lows. It's since recovered alongside the broad market, jumping 35%, largely on news Elon Musk would step away from DOGE. Doug Kass has seen a thing or two. His career stretches back into the 1970s at money manager Putnam, including a stint as research director for billionaire Leon Cooperman's Omega Advisors. His deep experience navigating markets professionally means he had a front-row seat to his share of political, economic, and stock market surprises. He witnessed Richard Nixon's Watergate implosion, the inflation-riddled 70s, the Savings & Loan crisis, the Internet boom and bust, hanging chads, the housing-bubble-driven Great Financial Recession, Trump presidency version 1.0, Covid, and the recent inflation shock and recovery. Related: Veteran strategist unveils updated gold price forecast Every December, he tests that experience with his "surprises" list for the coming year. This year, in addition to predicting the S&P 500 sell-off, he forecast the unfriendly end of the Trump-Musk relationship. "Surprise #2: The 'other' romance, between Trump/Musk, doesn't make it past spring 2025," wrote Kass. "National protests and demonstrations emerge and demands from a wide array of members of both the Republican and Democratic parties (including conservatives and liberals) call for 'ousting' Elon Musk, an unelected official, from playing such a dominant role in the U.S. government." Kass's Musk prediction is a longer read, but the gist is simple: Musk and Trump will suffer a fallout, which may have consequences for investors. He revisited his outlook, offering a new take on the Trump-Musk situation. "Right in front of us, it is obvious that political positions of influence can easily be bought-sold by both parties (and that certainly includes the presidency)," wrote Kass. "I am not even sure where the performance ends and reality begins. In the end (probably sooner than later) - just like the president's opening salvos of ridiculously high tariff proposals - the two actors will likely have a detente (and kiss and make up) because the downside is certain for both of them, as no one will win. When that make-up happens, no one knows. It could happen today, next week or next month, but the parties' 'interests' are now so enmeshed that Musk and Trump recognize where their bread is buttered." A potential "easing" of tensions would be welcome, given that a long-term tit-for-tat would fuel market volatility. Still, Kass's view of what happens to the stock market next isn't encouraging. "Never in my investing career has there been so many possible social, political, geopolitical, economic, interest rates and fiscal policy outcomes (many of which are adverse). That is why I don't understand the uber confidence expressed by the Perma Bull cabal (led by Fundstrat's Tom Lee) and manifested in a near-vertical move higher for equities over the last two months," continued Kass. "With a forward PE of 22x, equities remain overvalued and, after covering my Index shorts yesterday, I plan to reshort any rally." If Kass is correct that instability will force stocks lower, how low could it go, and when might things improve? "I see seven lean months ahead for our markets. We estimate downside risk to be roughly 3x the upside reward," concludes Kass. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.


Boston Globe
25 minutes ago
- Boston Globe
It's a really bad time to be an expert in Washington
At the Pentagon, 14 advisory boards have been dismantled, with curt, thank-you-for-your-service notes sent to Democrats and Republicans alike. Some of the boards dealt with obscure matters. But others focused on vital issues, like rethinking the U.S. nuclear arsenal as China's nuclear buildup, Russian President Vladimir Putin's episodic nuclear threats and Trump's ambitious demand for a 'Golden Dome' missile defense system have changed the nature of nuclear strategy. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Also gone: the board of experts who were trying to learn lessons from China's astoundingly successful hack into the country's telecommunications networks -- where, by all accounts, the hackers remain to this day. Then came historians at the State Department and the climate specialists at the National Oceanic and Atmospheric Administration, which employed experts in weather, oceans, climate and biodiversity. Advertisement The National Weather Service lost so many people that the agency had to hire some back. No such luck for researchers relying on the National Science Foundation, where projects are disappearing every month. Advertisement No one killed off the expert advisory board at the Centers for Disease Control and Prevention as it deliberated whether healthy children should receive the COVID vaccine. They did not have to. While it weighed the pros and cons, Health Secretary Robert F. Kennedy Jr. and his colleagues announced that they had already made their decision. When the history of these tumultuous past four months is written, it will doubtless focus on the moments when teams from the Department of Government Efficiency shut down the U.S. Agency for International Development, when the president issued tariff threats to much of the world and when he went to war with Harvard. Less noticed, perhaps, may be the devastation of the expert class, which once dominated the city, moving between think tanks and government offices, generating alternative views in its best moments, engaging in groupthink at its worst. Today, the experts are swelling the ranks of Washington's suddenly unemployed. To the MAGA faithful, each one of these disbanded groups is a victory for a trimmer government that follows the president's wishes. To them, the National Security Council was the heart of the so-called deep state, whose members testified against Trump during his first impeachment inquiry. The raft of advisory committees mostly slowed down decision-making, they argued, when they were not undercutting policies they did not like. Worse yet, they were the source of leaks. So if an advisory committee of experts was not needed to help James K. Polk, the 11th president, figure out how to spread the United States to the West Coast, why do we need them to figure out the strategy for adding Greenland and Canada? (The expansionist Polk has been restored to a place of pride in the Oval Office -- his portrait now hangs just below and to the right of Thomas Jefferson's.) Advertisement Part of Trump's problem with experts is their portrayal as neutral arbiters, more interested in the data than presidential spin. That is what has led to the White House this week trying to discredit the Congressional Budget Office, which concluded that, yes, the new tax bill could really add $2.4 trillion to the national debt, no matter the spin. Lacking the authority to fire the budget experts there, the White House turned to casting them as politically biased. And while every new president replaces board members and demands some fealty to the new leader's ideology, what has happened in the past four months seems to some in the federal government more like China's cultural revolution, where the only good ideas are the ones that flow from the leader, and both research reports and intelligence findings should support the president's desires. And when they are not, trouble follows. Just ask the National Intelligence Council, a small subset of intelligence experts -- many drawn from academia -- what happened when it came to the conclusion that the Venezuelan government was not controlling a criminal gang, an argument that Trump had used to justify deportations. The experts were told to 'do some rewriting' so the material could not be used against the president and Tulsi Gabbard, the director of national intelligence. After the intelligence findings were left unchanged, the board's leadership resisted and was removed. The whole institution is being moved into Gabbard's organization, where its independent judgments can be better controlled. Advertisement At the Environmental Protection Agency, self-protective action has replaced scientific inquiry. 'We've taken the words 'climate' and 'green energy' off every project document,' one scientist still in the government's employ said recently, refusing to speak on the record for obvious reasons. Veterans of Trump's first term say these changes are a manifestation of the president's bitter memories. 'I think somebody convinced President Trump, based on his experience in his first administration, that his own staff would be the biggest obstructionists,' H.R. McMaster, Trump's second national security adviser, said at a conference on artificial intelligence and national security Wednesday. (Trump's current national security adviser, Secretary of State Marco Rubio, is one of around a half dozen across both terms.) While McMaster, now at Stanford, said he did not object to shrinking the National Security Council staff, he worried that also lost would be the capacity to run 'a deliberative process, which I think would be kind of nice on some of these issues, like tariffs, to clarify what you are trying to achieve.' 'Deliberative process' appears to be exactly what Trump is trying to avoid. And if that means eviscerating the expert class, so be it. It helps explain why the Department of Government Efficiency was given license to wipe out USAID. McMaster is hardly alone in concluding that some of the aid agency's programs had 'drifted.' Many Democrats say they agree, though almost never on the record. But McMaster gave voice to the question raised all over Washington when he asked, 'Should you just crush the entire organization or recognize there is a mission for that organization to advance American interests?' It was crushed, with foreign service officers, child health experts and others locked out of the offices. And that has led to both professional and personal angst. Advertisement 'If you work in the field of maternal and child health, you are in trouble,' said Jessica Harrison Fullerton, a managing director at the Global Development Incubator, a nonprofit that is trying to fill some of the gaps USAID's dismantlement left. 'Not only are you devastated by the impacts on the people you have been serving, but your expertise is now being questioned and your ability to use that expertise is limited because the jobs are gone.' In fact, what many of Washington's experts discovered was that crushing the organizations -- and putting their experts out on the street -- was the point of the exercise. It helped create a frisson of fear, and reinforced the message of who was in control. It has also led to warnings from more traditional Republicans that Trump's demand for loyalty over analysis is creating a trap for himself. 'Groupthink and a blinkered mindset are dangers for any administration,' said Richard Fontaine, the CEO of the Center for a New American Security, which, in the days of bipartisanship, described itself as a bipartisan think tank. 'Pulling from multiple sources in and outside of government to develop solid options for foreign policy decision makers is the way to go.' Well, maybe in the Washington of a previous era. Within a 200-yard radius of USAID, DOGE teams moved into the Wilson Center, a nonpartisan foreign policy think tank that had significant private funding and money from Congress. They shuttered it, from its Cold War archives to the Kennan Institute, one of the country's leading collections of scholars about Russia. At a moment when superpower conflict is back, it was the kind of place that presented alternative views. Advertisement DOGE was unimpressed. Like their USAID colleagues in another part of the Ronald Reagan Building, they were soon stuffing their notes into cartons and discovering their computer access had been shut down. (The Wilson Center also sponsored book writers, including some from The New York Times.) The war on expertise has raised some fundamental questions that may not be answerable until after the Trump administration is over. Will the experts stick around -- after hiding out in the private sector or changing professions -- only to reoccupy the 'swamp'? And more immediately, what damage is being done in what may be the country's defining challenge: the competition with China over artificial intelligence, autonomous weapons, electric vehicles, quantum computing? That is what many in the intelligence agencies worry about, not least because Europe is already openly recruiting disillusioned American scientists, and China's intelligence services are looking for the angry and abandoned. Graham Allison, a Harvard professor who writes often on the U.S.-China technological and military competitions, told an audience at the AI Summit on Wednesday that America is not acting like it understands that 'China has emerged as a full-spectrum competitor.' 'Our secret sauce,' he said, has been the American ability to 'recruit the most talented people in the world. Einstein didn't come from America.' 'The idea that we would be taking action that would undermine that makes no sense to any strategic thinker,' he said. Of course, those strategic thinkers rank among the suspect class of Washington experts. This article originally appeared in