Kayleigh McEnany predicts subpoenas 'will be necessary' for Biden's inner circle
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Yahoo
2 minutes ago
- Yahoo
S&P affirms U.S. credit rating, but warns of tariffs outcome
-- S&P Global Ratings has affirmed its "AA+" credit rating for the United States with a stable outlook, noting that revenue from President Donald Trump's tariffs could potentially offset the fiscal impact of his tax cuts and spending legislation. The rating agency, which was the first to downgrade the U.S. government's credit rating in 2011, made the announcement on Monday. Lisa Schineller, primary U.S. analyst at S&P Global Ratings, emphasized that future rating decisions would depend on policy outcomes rather than just intentions. "Outcomes are what's really going to weigh and inform the rating," Schineller said in an interview. "The outcomes of how you execute the budgetary legislation, how the tariff revenue comes, their combined impact on growth and investment that leads to either better or worse or similar fiscal out-turns, that's our focus." While the immediate rating remains unchanged, S&P indicated that questions about the economic effects of U.S. trade policies could influence the country's credit rating in the coming years. Related articles S&P affirms U.S. credit rating, but warns of tariffs outcome These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia Apollo economist warns: AI bubble now bigger than 1990s tech mania
The Hill
4 minutes ago
- The Hill
Bannon faults lack of GOP town halls, cites failure to sell Trump's ‘big beautiful bill'
Former Trump strategist Steve Bannon slammed House Republicans on Wednesday for not doing an effective job of selling the president's 'big, beautiful' law of tax and spending cuts over the summer recess. 'I haven't seen a massive effort to sell the big beautiful bill and actually what it stands for,' Bannon said during his Wednesday 'War Room' podcast. Bannon also criticized the lack of town halls held by Republicans to sell the bill, saying Republicans had gone home for the August recess but were not holding town hall events to sell the president's most important legislative package. Bannon described a 'paucity of town halls,' though he acknowledged that town halls have become difficult to hold this year as a series have been interrupted by constituents loudly highlighting their complaints. For example, Rep. Mike Flood (R-Neb.) recently heard boos and calls to tax the rich at a town hall in Lincoln, Neb., where he promoted the Trump legislation. Bannon said he believed Democrats were behind some of these interruptions, but nonetheless suggested Republicans needed to hold the events. He also said the GOP needed to reassess the way they talk about the legislation. 'For instance, we sell the big beautiful bill here in the supply side tax cut of it in a more sophisticated way, not just the Fox News talking points, in a more sophisticated way, with bright people than anybody,' Bannon told listeners. The former White House strategist said big, beautiful bill talking points need to land with voters ahead of the next election cycle. He urged House Speaker Mike Johnson (R-La.) and Senate Majority Leader John Thune (R-S.D.) to press GOP lawmakers to laud the bill in public forums. 'Johnson and Thune should cancel all overseas junkets for members and force them to have town halls, meet and greets, editorial board meetings — anything to get the word out on the BBB. The supply-side tax cut needs to be sold, and it ain't gonna sell itself,' Bannon told Politico. 'The 2026 midterms have started, and the Republicans are letting down the president.'
CBS News
5 minutes ago
- CBS News
Winnie Greco, former Adams campaign adviser, allegedly hands journalist cash stuffed in potato chip bag
Just when you think the New York City mayor's race can't get much stranger, it's now all that and a bag of chips - literally. Former City Hall adviser Winnie Greco allegedly handed journalist Katie Honan cash stuffed into a potato chip bag following an Eric Adams re-election campaign event Wednesday in Harlem. Greco, Adams' former director of Asian affairs, resigned from City Hall last year after the FBI raided her home during his corruption case. Honan is a journalist for the website The City. A spokesman for the mayor's reelection campaign said, in part, Greco "holds no position in this campaign and has been suspended from all volunteer campaign-related activities." According to Honan, a red envelope she found inside the bag of chips had at least one $100 bill and several $20 bills inside. Honan says she tried to return the cash and quickly notified the Adams campaign and the Department of Investigation. Greco's attorney, Steven Brill, told The Associated Press the situation was being "blown out of proportion." "This was not a bag of cash," Brill wrote in an email. "In the Chinese culture, money is often given to others in a gesture of friendship and gratitude. And that's all that was done here. Winnie's intention was born purely out of kindness." Asked why Greco wanted to make such a gesture to Honan, Brill said, "She knows the reporter and is fond of her." The City said it interviewed Greco later Wednesday and she apologized, saying she made "a mistake." "The fact that one of Mayor Adams' closest, longtime advisors would attempt to ingratiate herself to any reporter, much less Katie Honan, with a cash gift is deeply disturbing and speaks to a rampant and blatant disregard for the role of a free and fair press," The City's Editor in Chief Richard Kim said in a statement. "The choice of sour cream and onion chips is also questionable." Word of this incident comes as Adams' former top adviser and closest ally Ingrid Lewis-Martin is one of a handful of people facing new charges. Back in December, Lewis-Martin and her son were indicted for an alleged "long-running bribery, money laundering and conspiracy scheme by using her position and authority as the chief adviser to the New York City mayor, the second-highest position in city government, to illegally influence city decisions in exchange for in excess of $100,000 in cash and other benefits for herself and her son, Glenn Martin II."
