Trump maintains influence over GOP and keeps potential successors vying for his favor
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
26 minutes ago
- Toronto Star
Guinea-Bissau's president appoints new prime minister months ahead of a key election
BISSAU, Guinea-Bissau (AP) — The president of Guinea-Bissau on Thursday sacked the West African country's prime minister and appointed his successor, the latest move to position President Umaro Sissoco Embalo for a likely second term after elections due in November. According to a presidential decree, Rui Duarte de Barros, who served as prime minister since December 2023, was replaced by Braima Camara, a former coordinator of the Madem G15 opposition party.
Winnipeg Free Press
26 minutes ago
- Winnipeg Free Press
Trump defends the US economy with charts after job reports showed warning signs
WASHINGTON (AP) — President Donald Trump unexpectedly summoned reporters to the Oval Office on Thursday to present them with charts that he says show the U.S. economy is solid following a jobs report last week that raised red flags and led to the Republican firing the head of the Bureau of Labor Statistics. Joining Trump to talk about the economy was Stephen Moore, a senior visiting fellow in economics at the Heritage Foundation, a conservative think tank, and the co-author of the 2018 book ' Trumponomics.' Flipping through a series of charts on an easel, Moore sought to elevate Trump's performance as president and diminish the economic track record of former President Joe Biden. Trump stood next to Moore and interjected with approvals. The moment in the Oval Office spoke to the president's hopes to reset the narrative of the U.S. economy. While the stock market has been solid, job growth has turned sluggish and inflationary pressures have risen in the wake of Trump imposing a vast set of new tariffs, which are taxes on imports. Moore said he phoned Trump because he put together some data that shows he was correct to dismiss Erika McEntarfer as the head of the BLS. He noted that's because reports from the BLS had overestimated the number of jobs created during the last two years of Biden's term by 1.5 million. 'I think they did it purposely,' said Trump, who has yet to offer statistical evidence backing his theory. Revisions are a standard component of jobs reports and tend to be larger during periods of economic disruption. The economy has seldom conformed to the whims of any president, often presenting pictures that are far more mixed and nuanced than what can easily be sold to voters. Through the first seven months of this year, employers have added 597,000 jobs, down roughly 44% from the gains during the same period in 2024. The July jobs report showed that just 73,000 jobs were added last month, while the May and June totals were revised downward by 258,000. While Biden did face downward revisions on his job numbers, the economy added 2 million jobs in 2024 and 2.6 million in 2023. Monday Mornings The latest local business news and a lookahead to the coming week. The fundamental challenge in Biden's economy was the jolt of inflation as the annual rate of the consumer price index hit a four-decade high in June 2022. That level of inflation left many households feeling as though groceries, gasoline, housing and other essentials were unaffordable, a sentiment that helped to return Trump to the White House in the 2024 election. There are signs of inflation heating back up under Trump because of his tariffs. On Thursday, Goldman Sachs estimated that the upcoming inflation report for July will show that consumer prices rose 3% over the past 12 months, which would be up from a 2.3% reading in April. Trump promised that he could galvanize a boom. And when nonpartisan data has indicated something closer to a muddle, he found an advocate in Moore, whom he nominated to serve as a Federal Reserve governor during his first term. Moore withdrew his name after facing pushback in the Senate. Moore said that through the first five months of Trump's second term in office that 'the average median household income adjusted for inflation and for the average family in America, is already up $1,174.' Moore said his numbers are based on unpublished Census Bureau data, which can make them difficult to independently verify. 'That's an incredible number,' Trump said. 'If I would have said this, nobody would have believed it.'
Winnipeg Free Press
26 minutes ago
- Winnipeg Free Press
Guinea-Bissau's president appoints new prime minister months ahead of a key election
BISSAU, Guinea-Bissau (AP) — The president of Guinea-Bissau on Thursday sacked the West African country's prime minister and appointed his successor, the latest move to position President Umaro Sissoco Embalo for a likely second term after elections due in November. According to a presidential decree, Rui Duarte de Barros, who served as prime minister since December 2023, was replaced by Braima Camara, a former coordinator of the Madem G15 opposition party. There has been much controversy over Embalo's term ahead of the November general elections. The small West African nation has endured multiple coups since gaining independence from Portugal more than 50 years ago. Guinea-Bissau's constitution sets the presidential term at five years, with maximum two terms. The opposition says Embalo's term should have ended on Feb. 27 but the nation's Supreme Court has ruled that it should run until Sept. 4. However, Embalo earlier this year set the election date for Nov. 30 and said that his first term will run until then, further heightening tensions. Over the past months, the opposition has refused to recognize Embalo as president. A mission by a West African regional bloc sent to Guinea-Bissau in March to help resolve the crisis left abruptly after what it said were threats of expulsion from Embalo.
