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Behind the Curtain: Unprecedented new precedents

Behind the Curtain: Unprecedented new precedents

Axios11 hours ago

Through silence or vocal support, House and Senate Republicans are backing an extraordinary set of new precedents for presidential power they may come to regret if and when Democrats seize those same powers.
Why it matters: New precedents are exhilarating when you're in power — and excruciating when you're not.
Here are 10 new precedents, all set with minimal GOP dissent:
Presidents can limit the classified information they share with lawmakers after bombing a foreign country without the approval of Congress.
Presidents can usurp Congress's power to levy tariffs, provided they declare a national emergency.
Presidents can unilaterally freeze spending approved by Congress, and dismantle or fire the heads of independent agencies established by law.
Presidents can take control of a state's National Guard, even if the governor opposes it, and occupy the state for as long as said president wants.
Presidents can accept gifts from foreign nations, as large as a $200 million plane, even if it's unclear whether said president gets to keep the plane at the end of the term.
Presidents can actively profit from their time in office, including creating new currencies structured to allow foreign nationals to invest anonymously, benefiting said president.
Presidents can try to browbeat the Federal Reserve into cutting interest rates, including by floating replacements for the Fed chair before their term is up.
Presidents can direct the Justice Department to prosecute their political opponents and punish critics. These punishments can include stripping Secret Service protections, suing them and threatening imprisonment.
Presidents can punish media companies, law firms and universities that don't share their viewpoints or values.
Presidents can aggressively pardon supporters, including those who made large political donations as part of their bid for freedom. The strength of the case in said pardons is irrelevant.
Between the lines: Friday's Supreme Court ruling limiting nationwide injunctions — a decision widely celebrated by Republicans — underscores the risks of partisan precedent-setting.
Conservatives sped to the courts to block many of President Biden's signature policies — and succeeded.
But taking those broad injunctions off the table now means they'll also be unavailable the next time a Democratic president pushes an aggressive agenda.
That future president will be able to keep implementing even legally shaky policies — just as Trump now can.
What to watch: Trump previewed some of those policies at a celebratory press conference on Friday, saying the Supreme Court's ruling cleared the way for executive actions that had been "wrongly enjoined on a nationwide basis."
They include ending birthright citizenship for the children of undocumented immigrants, terminating funding for "sanctuary cities," suspending refugee resettlement, and blocking the use of federal funds for gender-affirming care.
Axios Zachary Basu contributed reporting.

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Biden, Harris, and Walz attend funeral for former Minnesota House Speaker Melissa Hortman
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Biden, Harris, and Walz attend funeral for former Minnesota House Speaker Melissa Hortman

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With 53% ownership, Universal Store Holdings Limited (ASX:UNI) boasts of strong institutional backing

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For example, we've discovered 3 warning signs for Universal Store Holdings that you should be aware of before investing here. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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