The US envoy Steve Witkoff rejects a claim by Hamas that it has accepted an American plan for a Gaza truce. Also: car drives into Liverpool football fans, and the Blue Danube waltz is to be broadcast to deep space.
The US honoring those who've given the ultimate sacrifice in Memorial Day ceremonies around the country. At least 27 injured after police say a 53-year-old British man plowed a minivan into a crowd of soccer fans in Liverpool. Russia launches its biggest air attacks on Ukraine to date, killing at least 12 people. CBS News Correspondent Jennifer Keiper with tonight's World News Roundup.
It's a classic Washington power move — the late-on-Friday news dump.
This past Friday, at 4:30pm, start of a long holiday weekend, about half the staff of the National Security Council got emails asking them to leave by 5pm. Dozens of people abruptly dismissed.
The restructuring of the NSC as Secretary of State and National Security advisor Marco Rubio has characterized it — continues a trend in this second term for President Trump, of radical downsizing.
The Trump administration plans to cut thousands of intelligence and national security jobs across the government.
The US Government has long relied on scores of intelligence officials across the government to keep America safe. Trump wants many of them gone – what could that mean for security at home and abroad?
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When “vibecession” became a word in 2022, it referred to consumers grappling with higher prices despite a strong economy. This year, consumers are feeling similar. In this episode, what makes today’s sour economic mood, driven by trade war anxiety, different from the last one. Plus: Two big economic indicators come out later this week, we explain the inner workings of online travel agents, and “This is Uncomfortable” host Reema Khrais helps a couple solve a financial disagreement.
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Donald Trump is the first U.S. President in over 30 years who is seriously talking about reducing the country’s budget deficit, trade deficit and yes, the national debt, which has ballooned to over $37 trillion.
However, he must follow a specific formula, otherwise, it will end in tragedy, argues Victor Davis Hanson on today’s edition of “Victor Davis Hanson: In His Own Words:”
“Jermone Powell, the head of the Fed, will not lower interest rates even though there's been a good jobs report, a good inflation report, a good corporate profits report. GDP is gonna be evaluated, apparently, upward and there's been low energy cost. That mortgage is still 4.25% Fed rate to 4.5%. And that means mortgages are still 6.5%, 7%. And that housing market is slowing as a result.
“So, you've got to get that down. And the way Trump has to do it is just two ways: Either cut the budget or raise taxes—which will strangle the economy—or continue the tax cuts. And hope two things: that the tax cuts—the extension—will prime the economy, along with cheap interest rates.
And the question that we all have now: Is cutting taxes on tips, is cutting taxes on Social Security, is cutting taxes on first responder, etc.—all of which Trump has mentioned—is that really stimulus as opposed to, say, accelerated depreciation investment for businesses? I don't know the answer. But I do know, as a historian, that if you do not cut the deficit and the national debt and you have bond raters like Moody's or the Fed that will not lower interest rates, you're going to be in a crisis.”
👉He’s also the host of “The Victor Davis Hanson Show,” available wherever you prefer to watch or listen. Links to the show and exclusive content are available on his website: https://victorhanson.com
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Political theorist and author of Legitimacy in Liberal Democracies and The Chronic Crisis of American Democracy Benjamin Studebaker returns to Bad Faithwith a wakeup call for the left: You've learned nothing from the Bernie 2020/2024 cycles. He criticizes the "Jacobin left" for not recognizing the need to overcome a key divide separating the erstwhile left coalition: The divide between college educated and not college educated voters. Can a Bernie-style candidate ever succeed in a world where about half of the electorate is susceptible to MSM critiques of the left as non-diverse because of their academic socialization? Will their more elite priorities (eg student loan debt cancellation, minority rights) ever alight with the economic priorities of working class voters? This became a healthy debate that gets to the core of what's next for the left.