Biden calls rate cut ‘an important day for the country’
President Joe Biden speaks at a reception in celebration of Hispanic Heritage Month at the White House in Washington, D.C., on Sept. 18, 2024. (Jim Watson/AFP via Getty Images)
(WASHINGTON) — President Joe Biden on Thursday called the Federal Reserve’s rate cut the day before an “important signal” from the Fed to Americans that inflation is cooling, but he cautioned that it “doesn’t mean the work is done” to improve the economy.
In remarks on Thursday at the Economic Club of Washington, D.C., Biden said, “Yesterday was an important day for the country.”
“Two and a half years after the Federal Reserve began raising interest rates, it announced that it began lowering interest rates,” Biden said. “I think it’s good news for consumers, and that means the cost of buying a home, a car, and so much more would be going down. And it’s good news in my view, for the overall economy.”
The president in his remarks discussed how far the U.S. has come since the COVID-19 pandemic, including supply chain issues, high costs of food and goods, and baby formula shortages. He also checked through all of his legislative achievements such as the American Rescue Plan, Inflation Reduction Act, Chips and Science Act and the Bipartisan Infrastructure Law.
“At its peak, as you all know, inflation was 9.1% in the United States. Today it’s much closer to 2%,” Biden said. “It doesn’t mean our work is done. Far from it. Far from it, no one should confused why I’m here. I’m not here to take a victory lap. I’m not here to say, ‘A job well done.’ I’m not here to say ‘We don’t have a hell of a lot more work to do.’ We do have more work to do.”
White House Chief of Staff Jeff Zients told reporters on a call previewing Biden’s remarks that president and Vice President Kamala Harris are still looking ahead to the work that is not finished, pointing to the cost of child care and housing as two of the biggest areas.
One White House official on the call was asked about whether the administration was concerned about rising unemployment in response to today’s rate cut, but the official brushed off the concern, saying that the Fed’s data today shows “the labor market remaining solid,” and adding that unemployment has “remained the lowest on average of any administration in 50 years.”
A reporter also asked whether rising tensions in the Middle East could be a setback in the fight against rising inflation. The different White House official said that it is one of the “geopolitical risks that we consistently monitor.”
“But our assessment, you know, right now is that the economy is in a healthy place, and that the kind of range of risks, while we continue to monitor them are do not pose a significant risk to the to the outlook,” the White House official added.
In his remarks Thursday, Biden also falsely claimed that he has “never once spoken to the chairman of the Fed since I became president.” He actually met with Jerome Powell in the Oval Office in May 2022.
(WASHINGTON) — With 70 days before Election Day as of Tuesday, both Vice President Kamala Harris and former President Donald Trump get back to campaigning with Harris in Georgia on Wednesday and Trump in Wisconsin on Thursday.
Trump’s running mate, Ohio Sen. JD Vance, campaigned in Michigan while Minnesota Gov. Tim Walz picks up the trail on Wednesday in Boston.
Here’s how the news is developing…
Harris continues Georgia bus tour, Walz heads to North Carolina
Harris is continuing her tour with two stops at local businesses in Chatham County in Georgia. She will be joined by Georgia Rep. Nikema Williams.
Later Thursday, Harris will deliver remarks at a rally in Savannah.
Her running mate, Gov. Tim Walz, will head to North Carolina for a “local political event” and a campaign reception.
-ABC News’ Will McDuffie
Harris, Walz make campaign stop at Georgia high school
Vice President Kamala Harris and Gov. Tim Walz stopped by Liberty County High School in Georgia as part of their bus tour and were greeted by the school’s principal and superintendent and met with the school marching band during rehearsal.
Harris and Walz delivered brief remarks to band members, football players and faculty. After welcoming the class to the “role model club,” Harris told the class that as “leaders” the nation is “counting” on them.
“You are showing what hard work can achieve, what discipline, what teamwork. And that’s the stuff of greatness,” she said.
She continued with a music metaphor that encouraged them to keep up their hard work.
“I will tell you I was in band when I was your age,” she said. “And all that you all are doing, it requires a whole lot of rehearsal, a whole lot of practice, long hours, right? Sometimes you hit the note, sometimes you don’t, right? All that practice makes for beautiful music.”
-ABC News’ Gabriella Abdul-Hakim, Fritz Farrow and Will McDuffie
Harris spokesman defends joint interview
A spokesman for the Harris-Walz campaign defended Wednesday the decision to make the vice president’s first televised interview as the Democratic presidential nominee a joint interview with her running mate Gov. Tim Walz.
Ian Sams responded on X to a post by journalist Mark Knoller who questioned if CNN should have “insisted on a one-on-one interview,” by saying that “The joint ticket interview is an election year summer tradition going back 20 years.”
“Kerry/Edwards, Obama/Biden, Romney/Ryan, Trump/Pence, Clinton/Kaine, Biden/Harris all did them. Almost always right around the conventions. Harris/Walz join this rich tradition on CNN tomorrow,” he said.
-ABC News’ Will McDuffie, Gabriella Abdul-Hakim and Fritz Garrow
Vance claims he doesn’t need to prepare for a debate
Vance told reporters he’s preparing for the October vice presidential debate by talking to people on the campaign trail, contending he doesn’t need other preparation against Minnesota Gov. Tim Walz.
“Look, the way I’m doing debate prep is by spending time with these fine people. This is how I do debate prep is to get out there. You get out there, you talk to people, you talk about the issues that matter,” Vance said.
“We don’t need to prepare for a debate with Tim Walz. We need to get out there and talk. We need to get out there. Look, we need to get out there and talk to the American people. That’s the biggest way that we’re going to prepare for that debate on October the first,” he added.
-ABC News’ Soo Rin Kim and Hannah Demissie
Vance says Harris ‘can go to hell’ for criticizing Trump for Arlington Cemetery visit
Sen. JD Vance continued to defend Trump’s visit to Arlington Cemetery during a campaign event Wednesday in Erie, Pennsylvania, and went on the attack against Harris, blaming her for the deaths of 13 soldiers three years ago.
“Look, sometimes mistakes happen. That’s just the nature of government, the nature of military service. But to have those 13 Americans lose their lives and not fire a single person is disgraceful. Kamala Harris is disgraceful,” Vance said.
“We’re gonna talk about a story out of those 13 brave innocent Americans who lost their lives, it’s that Kamala Harris is so asleep at the wheel that she won’t even do an investigation into what happened, and she wants to yell at Donald Trump because he showed up. She can, go to hell,” he continued.
The federal government conducted a probe into the final days of the war and American withdrawal and the Pentagon’s Central Command concluded in 2022 that the attack was not preventable despite others’ assertions that it was preventable.
The Pentagon has conducted multiple rounds of reviews, including the latest review published in April that reaffirmed the initial investigation’s findings that the attack was not preventable.
Congress has also scrutinized the attack and heard from many military leaders, including former Marine Sgt. Tyler Vargas-Andrews, who told lawmakers last year that he was thwarted in an attempt to stop the suicide bombing.
Harris, who was campaigning in Georgia Wednesday, did not bring up “incident” at Arlington National Cemetery. Harris-Walz communications director Michael Tyler told CNN on Wednesday that the “incident” at Arlington National Cemetery with former President Trump was “pretty sad,” but what “we’ve come to expect” from the former president.
-ABC News’ Soo Rin Kim, Cindy Smith and Hannah Demissie
Biden to travel to Wisconsin next week to tout economy
President Joe Biden will travel to the battleground state of Wisconsin on Sept. 5 to highlight his economic agenda, according to the White House.
Exact details of the trip, including the locations in the state, weren’t immediately revealed.
-ABC News’ Justin Gomez
Walz promises to fight for labor freedoms at International Association of Fire Fighters
Gov. Tim Walz addressed the International Association of Fire Fighters (IAFF) convention on Wednesday in Boston, making the case that the Democratic ticket was the one that would fight for their freedoms, including labor protections.
“People tell me, look, I’m really not that into politics. My response to that is, too damn bad — politics is into you,” Walz said to what he acknowledged as a bipartisan audience.
Walz said that Harris “is proudly part of the most pro-labor administration in history,” and that when they “win this election, we’ll have your back like you’ve had ours.”
“We believe that you, not politicians, should be made free to make your own health care choices,” Walz concluded. “We believe that workers deserve to collectively bargain for fair wages and safe working conditions.”
-ABC News’ Isabella Murray
Harris-Walz campaign responds to superseding indictment
Quentin Fulks, the Harris-Walz campaign’s principal deputy campaign manager, reacted to the news of the superseding indictment against Donald Trump Tuesday afternoon on MSNBC and avoided remarking on “ongoing legal cases” but characterized Trump as a danger.
“They saw it with their own eyes, and so we’re going to continue to take the fight directly to Donald Trump on the issues that matter. But American voters aren’t stupid. They know who Donald Trump is, and they know what he will do if he gets more time in the White House,” Fulks told MSNBC.
-ABC News’ Isabella Murray, Gabriella Abdul-Hakim, Fritz Farrow and Will McDuffie
Harris-Walz campaign responds to superseding indictment
Quentin Fulks, the Harris-Walz campaign’s principal deputy campaign manager, reacted to the news of the superseding indictment against Donald Trump Tuesday afternoon on MSNBC and avoided remarking on “ongoing legal cases” but characterized Trump as a danger.
“They saw it with their own eyes, and so we’re going to continue to take the fight directly to Donald Trump on the issues that matter. But American voters aren’t stupid. They know who Donald Trump is, and they know what he will do if he gets more time in the White House,” Fulks told MSNBC.
JD Vance responds to new special counsel indictment
Sen. JD Vance, asked by ABC News on the tarmac in Nashville about the superseding indictment in former President Donald Trump’s federal election interference case, framed the special counsel’s actions as an effort to influence the election.
“I haven’t read the whole thing, but it looks like Jack Smith doing more of what he does, which is filing these absurd lawsuits in an effort to influence the election,” the GOP vice presidential candidate said.
The new indictment adjusts the charges to the Supreme Court’s immunity ruling.
Vance pushed back against the Harris-Walz campaign’s assertion that the Supreme Court ruling goes too far and grants the former president too much immunity, arguing that the president needs some immunity in order to do the job.
“If the president doesn’t have some level of immunity in how he conducts his office, in the same way that judges have to have immunity, police officers have to have immunity. There has to be some recognition that people can’t be sued for doing their job,” Vance said.
(ATLANTA) — The Fulton County judge overseeing Donald Trump’s Georgia election interference case on Thursday tossed out three more counts in the indictment, two of which the former president was facing.
The judge, Scott McAfee, previously threw out six counts in the indictment, three of which were against Trump.
“President Trump and his legal team in Georgia have prevailed once again,” Trump attorney Steve Sadow said in a statement following Thursday’s order. The trial court has decided that counts 15 and 27 in the indictment must be quashed/dismissed.”
Trump still faces eight counts in the case. He originally was charged with 13.
In his ruling Thursday, Judge McAfee dismissed three counts that related to the filing of false documents in federal court — essentially finding that the state did not have the authority to bring charges for alleged crimes committed against the federal government.
McAfee wrote that those three counts “lie beyond this State’s jurisdiction and must be quashed.”
The three counts include attempt to commit filing false documents, conspiracy to commit filing false documents, and filing false documents.
The motion to dismiss was brought by two of Trump’s codefendants, John Eastman and Shawn Still, on grounds related to the supremacy clause.
In a separate order Thursday, McAfee declined a motion to throw out the top racketeering — or RICO — charge in the indictment, writing that it is “facially sound and constitutionally sufficient as alleged.”
ABC News contributor Chris Timmons, a former Georgia prosecutor, said that Thursday’s ruling dismissing the charges “is definitely a win for the defense” but that “it’s not a significant victory” because the overall RICO charge remains in place.
“The actions in federal court can and likely will be brought in at trial as ‘acts in furtherance of the RICO conspiracy’ which don’t need to be crimes,” Timmons said.
A spokesperson for the Fulton County district attorney’s office told ABC News they were reviewing the order and had no further comment.
Trump and 18 others pleaded not guilty last year to all charges in a sweeping racketeering indictment for alleged efforts to overturn the results of the 2020 presidential election in the state of Georgia.
Four defendants subsequently took plea deals in exchange for agreeing to testify against other defendants.
A Georgia court of appeals paused the case in June pending the resolution of an appeal of the disqualification ruling that allowed District Attorney Fani Willis to stay on the case.
Oral arguments in that appeal are currently scheduled for Dec. 5, a month after the presidential election.
The former president has blasted the district attorney’s investigation as being politically motivated.
(WASHINGTON) — When former President Donald Trump was shot in the ear at a campaign rally in July, he made an initial pitch for unity. It didn’t last long.
And he’s taken a decidedly different tack after a second apparent assassination attempt Sunday at his Florida golf club.
Less than 24 hours later, Trump laid blame for the political violence on Democrats, telling Fox News Digital the rhetoric of President Joe Biden and Vice President Kamala Harris was “causing me to be shot at” while also asserting they are “destroying the country — both from the inside and out.”
Harris, he posted on social media, “has taken politics in our Country to a whole new level of Hatred, Abuse, and Distrust. Because of this Communist Left Rhetoric, the bullets are flying, and it will only get worse!”
He also claimed, without evidence, that the suspects in both cases were “radical left” despite their motives not having been publicly determined. (Investigators are currently examining Florida suspect Ryan Wesley Routh’s frustration with Trump’s position on Ukraine, sources told ABC News. In the Pennsylvania rally shooting, the suspected gunman, Thomas Mathew Crooks, was a registered Republican but had also made a small donation to a progressive group in 2021.)
Regardless, Trump’s running mate, Sen. JD Vance, doubled down on the “blame Democrats” strategy at a campaign stop in Michigan on Tuesday.
“I think that it’s time to say to the Democrats, to the media, to everybody that has been attacking this man and trying to censor this man for going on 10 years, cut it out or you’re going to get somebody killed,” Vance said.
Susan Benesch, founding director of the Dangerous Speech Project, said Trump’s statements are “impossible not to put it in the context of his relentless use of violent rhetoric.”
“So, he’s a pot calling the kettle black,” Benesch said. “At the same time, that doesn’t mean that it is false when he says his political opponents are describing him as a threat to democracy.”
Harris and Biden condemned Sunday’s incident and shared their relief that Trump was safe. Biden called Trump and they had a “nice” conversation, the former president told ABC News. Harris said she also checked in with Trump and “told him what I have said publicly, I said there is no place for political violence in our country.”
“We can and should have healthy debates and discussion and disagreements, but not resort to violence to resolve those issues,” Harris said.
Still, Trump’s campaign has shared a list of over 50 quotes from Democrats they suggested lead to the second assassination attempt. Most of them include language from Biden, Harris and other party leaders that cast Trump as a “threat to democracy.”
The statements were often made when the lawmakers were discussing Trump’s false claims about the 2020 election, what unfolded on Jan. 6, 2021, or Trump’s pledges to take political retribution if elected in November.
Republican leaders are also pointing to a 2023 comment from Democratic Rep. Dan Goldman in which he said Trump was “destructive to democracy” and should be “eliminated” — which Goldman apologized for, saying while he believed Trump should be defeated in the election he “certainly wish no harm to him and do not condone political violence.”
White House press secretary Karine Jean-Pierre was asked on Tuesday if President Biden would stop calling Trump a “threat to democracy” given recent developments. Jean-Pierre suggested he would not, saying he had a responsibility to “be honest with the American people” about the possible dangers posed by the former president.
Others have also noted a contrast between Democrats’ criticism of Trump and Trump’s more inflammatory — and sometimes patently false — statements on everything from election integrity to immigration to his targeting of perceived political enemies.
In one more extreme example, Trump appeared to defend the Jan. 6 Capitol rioters who were chanting “Hang Mike Pence,” telling ABC News Chief Washington Correspondent Jonathan Karl “the people were very angry.” Though Trump has adamantly denied claims from former White House aide Cassidy Hutchinson that she heard Trump say “hang” repeatedly while watching the attack unfold on television, and she did not provide further evidence for the assertion.
“He has used rhetoric to attack the peaceful transition of power. He has used rhetoric to attack his opposition. No president has ever done that before. It’s not normal and it’s not democratic,” said Jennifer Mercieca, a historian of political rhetoric at Texas A&M University.
“So, when Democrats point that out, those are true facts, right?” she told ABC News.
Benesch, whose independent research team working on rhetoric that inspires violence, agreed there “is no question that the bounds of mainstream American political discourse shifted” since Trump entered politics.
“I think it is really important to recognize that he and his supporters are not the only ones who now speak in ways that normalize or even encourage violence, but he and his supporters have been doing it and are doing it much more than anybody else on the American political scene,” Benesch said.
Former Trump White House aide Alyssa Farah Griffin, who is now a co-host of “The View,” wrote on X that everyone has “a duty to take the temperature down” but that it was “simply dishonest for Trump [and] his allies to say his opponents shouldn’t use the very language he regularly uses: fascist, enemy within, vermin, traitors, you won’t have a country.”
The Trump campaign, in response to experts who say his own history of inflammatory rhetoric plays a large role in what’s become a heightened threat environment, told ABC News: “Only one candidate in this election has been shot at twice, and it’s not Kamala Harris.”
“The violence is coming from the political left and it’s the responsibility of Kamala Harris, as the Democrat Party nominee, to condemn the false inflammatory lie that President Trump is an alleged threat to democracy,” said campaign spokesperson Karoline Leavitt. “He is not, and she knows it.”
Benesch said the solution to deescalate the current atmosphere would be for leaders or influencers to convincingly condemn their own party’s language. But she expressed little confidence that would happen before the election.
“Unfortunately, nobody has a political incentive to denounce such rhetoric on their own side or in their own group, but that’s what it’s going to take,” she said. “Or such severe violence that it frightens leaders and influencers into demanding that their own supporters tone it down.”
