Trump Signs Executive Order on College Sports Targeting ‘Pay-for-Play' Agreements
The order, called 'Saving College Sports,' highlights a 2021 antitrust ruling from the Supreme Court that struck down restrictions on the National Collegiate Athletic Association's transfer and recruiting rules. Afterward, it updated its rules to allow players to be paid for their name, image, and likeness (NIL) from third parties.
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Yahoo
8 minutes ago
- Yahoo
Miran calls Fed independence 'paramount' but declines to elaborate
(Reuters) -President Donald Trump's nominee to the Federal Reserve Board of Governors on Tuesday said the U.S. central bank's independence was 'of paramount importance' but declined to elaborate further, citing his coming approval process in the Senate. "I've always been clear that the independence of the Fed is of paramount importance," Stephen Miran, who is currently chair of the White House Council of Economic Advisers and who last year laid out a case for increasing presidential control of the Fed Board, told CNBC. "But...I do have the nomination going in front of the Senate and I really can't speak about that and get ahead of the Senate process." Miran has called for a complete overhaul of the Fed's governance, making the case in a paper he co-authored last year for the Manhattan Institute for increasing presidential control of the Fed Board, including by shortening members' terms. He also wants to end the "revolving door" between the executive branch and the Fed, and nationalize the Fed's 12 regional banks. If confirmed by the Senate, he would take over from former Fed Governor Adriana Kugler following her surprise resignation earlier this month, as she returns to her tenured professorship at Georgetown University. He would become one of seven members on a Fed Board now helmed by Jerome Powell, against whom Trump repeatedly rails over the central bank's refusal to lower interest rates as Trump demands. Two other governors were appointed by Trump during his first term and the other three are Biden appointees. But the vacancy Miran would fill extends only to January 31. Trump said Miran would hold the seat while he and his advisers search for a successor to Powell, whose term as Fed chair expires next May. Miran, asked to respond to inflation data released earlier on Tuesday, said the president's tariff policies are not resulting in meaningful inflation. The Consumer Price Index advanced 2.7% year-on-year in July but an underlying measure was up 3.1% at the fastest since January. "I do think that inflation has been well behaved, particularly since the president took office," he said. The majority of Fed officials had until recently been concerned that tariffs would exacerbate inflation and that worry has been the main driver in their decision not to lower rates. But a weak jobs report for July has changed that narrative, and rate futures markets now expect rate cuts to start next month. Asked if he believed he would be confirmed by the Senate in time for the next Fed meeting in mid-September, Miran said: "That's up to the Senate, and...I can't speak for them." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
10 minutes ago
- Washington Post
How D.C. crime became a symbol — and a target — for MAGA and beyond
Moments after signing an executive order giving himself control of D.C.'s police force, President Donald Trump painted a dystopian picture of the city he wants to 'take back' from crime. Mobs of teenagers roam the streets, the president told the country from the White House briefing room on Monday. A 'band of roving thugs' beat a member of his own administration. Law-abiding residents and visitors alike agonize over trips to national monuments, the grocery store and even the mailbox, worried about becoming victims of rampant, random crime. 'Our capital city has been overtaken by violent gangs and bloodthirsty criminals, roving mobs of wild youth, drugged-out maniacs and homeless people,' Trump said after holding up a chart comparing D.C. 's murder rate to killings in South American countries plagued by drug-related violence. 'Entire neighborhoods are now under emergency curfews.' Monday's 80-minute news conference represented a culmination of Trump's campaign against D.C. crime — and of his supporters' embrace of his efforts to do something about it. The president's announcement drew accusations of overreach from his critics and many city officials and included exaggerated claims of the state of crime in the city. But it was embraced by supporters who echo his concern that murder and car jackings are unacceptably high even as they have declined in recent years — and his view that Democrats' soft policies have emboldened the criminal class in the nation's capital city. Trump has been talking about the country's violent urban areas for years, fueling his political ascent with dire and often exaggerated and inaccurate portraits of violent crime in big cities. He has scored political points about killings in Chicago and Baltimore and protests in Portland and Minneapolis. He has singled out policies such as cashless bail and court practices that advocates rehabilitating teen offenders rather than sending them off to prison — arguing that liberal politicians bear as much blame as remorseless killers. As a result, the MAGA movement has embraced the critique as a core tenet. 'The laws are weak,' said Jeanine Pirro, the former Fox News host now serving as Trump's U.S. attorney for D.C. 'I can't touch you if you're 14, 15, 16, 17 years old, and you have a gun.' Pirro is among many right-wing influencers who back up the president's assertion that D.C. is a city under almost-constant threat. The amplification has been especially acute over the last seven days, since Trump posted on his Truth Social account about a member of his administration who was 'left dripping with blood' after he was attacked by a group of youths near Dupont Circle. In that time period, discussion of crime in D.C. spiked nearly 300 percent among such influencers compared to the prior week, according to a Washington Post analysis of posts and podcasts from over 200 accounts. Trump himself has fanned interest in the topic with additional posts to Truth Social and X as well as in fundraising emails. The MAGA influencer Benny Johnson said his family had seen 'drug deals and arms deals constantly' outside their previous home in D.C., which he called 'a deadly war zone … [and] welfare narco-state.' Katie Miller, the wife of White House deputy chief of staff Stephen Miller, posted Monday on X that for years she hadn't felt safe enough to bring her children 'to museums and monuments without fear of being shot or car jacked.' And Kari Lake, the Arizona Republican politician tasked with overseeing the Trump administration's dismantling of Voice of America, posted a picture of a syringe that she said her dog stepped on during their morning walk. 'Just another day in Washington, D.C.,' she wrote, adding that her dog wasn't hurt. Others welcomed the idea of aggressive military action. Graham Allen, a right-wing podcaster who worked briefly this year as a digital media director for the Defense Department, shared a video captioned to say it showed federal agents making a stop in the 'DC hoods.' It was unclear when the video was taken or for what purpose. 'President Trump wasn't messing around,' Allen said on X. 'ARREST THEM ALL. SAVE THE CAPITAL.' Administration officials also fought attempts to put crime statistics into perspective. When critics cited data from the Metropolitan Police Department that the violent-crime rate had fallen to a multiyear low, the White House's rapid-response account on X asked, 'How much violent crime is good with you' and accused the D.C. police of 'cooking the books.' Highlighting perceptions of lawlessness in D.C. is a well-worn playbook for Republicans looking to appear tough on crime. More than half a century ago, Richard M. Nixon declared that the nation's capital was 'fast becoming the crime capital of the world' and vowed to make Washington 'an example of respect for law and freedom from fear.' In the turbulent 1960s, an era of rising crime and sporadic riots and protests in major cities, it was impossible to divorce this push from race. At the time, Washington was the only big city in the country where a majority of the population was Black. As president, Democrat Lyndon B. Johnson championed civil rights knowing it could cost his party the South. And he declared self-determination for the District to be a crucial step in the cause. At a bill-signing ceremony on Aug. 26, 1965, he warned: 'Those of you here in the District of Columbia, I want to warn you this morning, that the clock is ticking, time is moving,' Future president Gerald Ford (R-Michigan), then the House minority leader, accused the president of issuing 'an invitation to trigger terrorism in the streets.' Trump's most recent efforts capitalize on frustration that liberal policies are not yielding substantial results, said Andre Perry, director of the Center for Community Uplift at the Brookings Institution and author of a book on structural inequality. And the frustration extends across lines of party, race and economics. 'There is no question it resonates,' Perry said. 'It is a political tactic more so than anything else, to garner favor with their broader base and to peel off Black voters who are simply frustrated with the rate of change or the solutions or lack thereof from Democrats.' Untangling the root causes of crime, and who should face blame when crime rates balloon, is much more complex. Washington's hybrid and layered system of law enforcement has always been difficult to administer effectively. In the nation's capital, multiple federal and local agencies — as well as different elected officials — have control of various aspects of criminal justice, creating tangled lines of authority and accountability. Crime has at times spiked in D.C., even as it has fallen in other major cities. During the crack epidemic of the late 1980s and early 1990s, Washington became known as America's 'murder capital.' Violent crime in D.C. has declined since 2023, when a jump in killings made the district one of America's deadliest cities. The decrease since then is part of a nationwide drop over the past two years that in 2024 saw homicide rates hit their lowest level in decades. Across the country, homicides have decreased more than 30 percent, according to data that The Washington Post collected from more than 100 police departments in large U.S. cities. Reports of burglaries and robberies also dipped by double-digit percentages. In her first remarks after Trump's takeover announcement, Washington, D.C. Mayor Muriel E. Bowser said she believes the president's opinion of Washington is shaped by his experience in the city in the wake of the coronavirus pandemic, when crime rates surged. 'We haven't taken our foot off the gas,' Bowser said, adding that the city continues to look for ways to fight violent crime. Bowser called Washington a 'beautiful city' that welcomes tourists and visitors from around the globe annually. She said it was important for the public watching what's happening in D.C. right now to understand 'how proud we are of all we have accomplished here.' Trump suggested that if everyday Americans, particularly those from smaller towns and rural states, wanted to venture to the capital, they should do so, promising that it would be safer very soon. 'People come from Iowa, they come from Indiana, they come and then they get mugged,' he said. 'Keep coming because by the time you get your trip set, it's going to be safe again and it's going to be clean very quickly.' Tom Petek, 54, conceded in an interview that he was a little nervous about coming to Washington from his hometown of Medina, Ohio, which has a population just shy of 26,000 people. It's his first trip to D.C. in more than four years, when he joined protests outside the U.S. Capitol on Jan. 6, 2021. He remains a Trump supporter and has seen news reports about a rise in crime and a slew of homicides, he said. He joked that he and his wife would have to wear bulletproof vests when visiting historic sites. But on Monday, their first full day in the city, Petek and his wife went to the National Archives, Arlington National Cemetery, the Smithsonian and the Washington Monument without incident. They planned to go on tours of the White House, the FBI building and the Capitol on Tuesday and remained unwary. 'You hear the news, and the stuff about the murder rates and things, and you think, 'Man, you've got to dodge bullets when you're at the sites,' but it's safe,' Petek said. 'You feel safe. You feel welcome.'
CNN
10 minutes ago
- CNN
Trump's pick for BLS commissioner suggests suspending the monthly jobs report
Job market Trump appointments Donald TrumpFacebookTweetLink Follow EJ Antoni, nominated by President Donald Trump Monday to become the next commissioner for the Bureau of Labor Statistics, suggested that the agency should suspend its monthly jobs report until it is 'corrected.' Antoni, in an interview with Fox Business News published Tuesday, said the BLS should instead publish quarterly data after it had been revised until BLS can ensure its monthly jobs data is more accurate. 'Until it is corrected, the BLS should suspend issuing the monthly job reports but keep publishing the more accurate, though less timely, quarterly data,' he told Fox Business. 'Major decision-makers from Wall Street to D.C. rely on these numbers, and a lack of confidence in the data has far-reaching consequences.' The July report, issued Friday, included revisions for May and June that were historically large, but they were not unprecedented. May's jobs total was revised lower to 19,000, down from an initial estimate of 139,000 – a total revision of 120,000 jobs. For the June jobs total, the BLS on Friday said the US economy added just 14,000 jobs, down from a preliminary estimate of 147,000 – a revision of 133,000 jobs. The BLS tracks each month's revisions dating back to 1979, but the BLS introduced a new probability-based sample design for revisions in 2003. Between 1979 and 2003, the average monthly revision was 61,000 jobs. Since 2003, the average monthly revision is only a slightly more accurate 51,000 jobs. This is a developing story and will be updated.
