Weekend Edition: Interest Rates, Dr. Fauci Hearing and the Iran War

This weekend, three segments from this past week's Washington Journal. First, Punchbowl News Senior Financial Services Reporter Brendan Pedersen reacts to the week's economic news and the Federal Reserve's decision to hold interest rates steady this week. Then, a conversation with White House trade adviser Peter Navarro ahead of Dr. Anthony Fauci's contentious senate hearing earlier this week. Finally, Former NATO Ambassador Kurt Volker gives us his take on where we are in the nearly 5-month war with Iran and the U.S. role in the ongoing Russia-Ukraine conflict. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump holds a Cabinet meeting at the presidential retreat Camp David in Frederick County, Maryland, where he acknowledges a $1.8 billion anti-weaponization fund designed to pay defendants in the January 6th attack at the U.S. Capitol and others who he says were unfairly targeted by the government is 'dead,' but he adds, 'I wish it weren't'; President also says, 'This has nothing to do with Todd,' referring to Attorney General nominee Todd Blanche, whose confirmation has been held up by a few Republican Senators opposed the fund; President Trump also claims 'Israel is very happy" with his Board of Peace reaching a deal with Hamas to disarm in exchange for Israel withdrawing troops from Gaza; Three potential 2028 Democratic Presidential candidates speak at the National Urban League conference in Nashville, Tennessee: former Vice President Kamala Harris, Kentucky Gov. Andy Beshear and former Transportation Secretary Pete Buttigieg; Democratic National Committee Chair Ken Martin is reportedly coming under fire from some donors not happy with his leadership. We will talk about it with Politico National Political Reporter Lisa Kashinsky (35); Discussion about what the rise of artificial intelligence means for people's jobs in the future with two governors: Wes Moore (D-MD) and Spencer Cox (R-UT). Learn more about your ad choices. Visit megaphone.fm/adchoices

Nomination of Todd Blanche to be Attorney General is still in limbo after Sen. John Cornyn (R-TX), whose vote is needed to report the nomination from committee, says the White House has not agreed to put in writing limits on tax audit immunity the President Donald Trump and his family received from a recent lawsuit settlement. President Trump says he may pull the nomination until after the midterm elections and let Todd Blanche remain Acting Attorney General; Senate Health Committee votes to approve CDC Director nominee Dr. Erica Schwartz and Assistant Health Secretary nominee Sean Kaufman, but not before committee chair Bill Cassidy (R-LA) gives a speech about the value of vaccines; Economic growth slowed in the 2nd quarter from 2.1% to 1.5%, and June inflation dipped to 3.7% from 4.1% in May; National Urban League releases its 50th annual State of Black America report; President Trump promotes a program to get more veterans into truck driving positions quicker, as the Administration has been cracking down on CDL's given to illegal immigrants or those with limited English proficiency; Sen. Minority Leader Chuck Schumer (D-NY) introduces a bill to create an Anti-Corruption Bureau to restrain presidents like President Trump whom he calls the "grifter-in-chief"; Senate defeats another Iran War Powers Act resolution introduced by Democrats aimed at requiring the president to withdraw U.S. forces absent Congressional authorization. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. Anthony Fauci called to testify before a Senate committee under subpoena about his handling of the COVID-19 pandemic invokes his Fifth Amendment right against self-incrimination over 100 times. Committee Chair Sen. Rand Paul (R-KY) accused Dr. Fauci of covering up evidence of the "lab leak" theory for coronavirus. Dr. Fauci calls Sen. Paul "unhinged" and trying to trap him in any lie before Congress to start a prosecution. And Sen. Paul is threatening to hold Dr. Fauci in contempt of Congress; President Donald Trump says the U.S. would be hitting Iran hard and "smacking them a little bit" after an attempted Iranian surprise missile attack on American targets in the Middle East; Federal Reserve Chair Kevin Warsh announced the Fed is keeping interest rates steady for a fifth consecutive meeting, but the Fed is still determined to bring down inflation; Senate Republicans block Senate Democrats' attempt to pass a bill to create a legal pathway for immigrants with Temporary Protected Status, as TPS for 300,000 Haitian immigrants in the U.S. expired this week and the Trump Administration said it will move to start deportations; President Trump and Transportation Secretary Sean Duffy unveil a $22 billion renovation plan for Dulles International Airport; We talk to AP reporter Bill Barrow about the Joe Biden tapes, the conversations he had with a ghostwriter in 2016 & 2017, released after a conservative group filed a Freedom of Information Act request. Learn more about your ad choices. Visit megaphone.fm/adchoices

Memorial services today for the late Sen. Lindsey Graham (R-SC) on Capitol Hill and at Washington National Cathedral. President Donald Trump calls Graham "a true American original" and "beloved friend" who "died doing the work he was born to do, serving the country he loved"; Lindsey Graham's funeral brings world leaders to Washington, including Israel Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelensky. Both met President Trump at the White House about the war with Iran and Russia's war with Ukraine, respectively; Very close U.S. Senate race in Ohio between incumbent republican Jon Husted and Democratic challenger, former Senator Sherrod Brown, is shaping up to be pivotal in helping decide which party controls the Senate after the midterm elections. We will hear from the candidates and talk with an Associated Press National Political Reporter in Ohio, Julie Carr Smyth (36); former Gov. Glenn Youngkin (R-VA) at a Reagan Foundation forum talks about why bipartisanship today is not like years ago; President Trump responds to critical diary entries by Dr. Anthony Fauci released ahead of his Senate testimony on the COVID-19 pandemic response this week. Learn more about your ad choices. Visit megaphone.fm/adchoices

The pause in the Iran war continues after two weeks of escalating strikes, as President Trump warns the U.S. is prepared to respond if Iran again threatens shipping in the Strait of Hormuz. The latest comes as senior U.S. officials raise concerns about dwindling munitions stockpiles. We'll hear the president's comments from earlier today before he traveled to Michigan. On Capitol Hill, the House has begun its August recess, but the Senate remains in Washington with a packed agenda. Lawmakers are expected to take up legislation to keep the government funded beyond the end of September, along with confirmation votes for a new Director of National Intelligence and attorney general. We'll have reaction from Senate leaders. And with fewer than 100 days until Election Day, the campaign trail is heating up. Maine Democrats have a new Senate nominee, candidates in Michigan are rallying supporters, and we'll have the latest developments in Georgia's closely watched Senate race. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this weekend's episode, three segments from this past week's Washington Journal. It was a big week in Congress with Iran war funding front and center. We talk to two lawmakers on BOTH sides of the aisle on the Pentagon's 60-billion dollar ask: California Republican Tom McClintock & Hawaii Democrat Jill Tokuda. And then a conversation with Dr. David Acheson, former chief medical officer at the FDA's Center for Food Safety and Applied Nutrition. He discusses the cyclospora outbreak and the federal government's role in food safety. Learn more about your ad choices. Visit megaphone.fm/adchoices

Trump administration puts in place new tariffs ranging from 10% to 12.5% on 60 major trading partners, covering nearly 100% of U.S. imports, under the rationale of combatting forced labor; President Trump is asked about his comment this week that he is considering a "massive attack" on Iran because that country has not yet received "enough pain" in the war so far; President is asked about his reported frustration with Senate Majority Leader John Thune (R-SD) over the Senate not passing a bill to require proof of U.S. citizenship to vote, and Sen. Thune firing back that the White House needs to work to round up votes needed for passage instead of criticizing; Democratic National Committee's rules committee recommends South Carolina hold the first presidential primary in 2028, and five other states be allowed to hold primaries earlier than the rest of the states: Nevada, New Hampshire, Michigan, New Mexico and Virginia;; Race for U.S. Senator from Michigan this year is being talked about as a bellwether for the future of the Democratic party. We will hear from the two major candidates: progressive Abdul El-Sayed and moderate Haley Stevens; Jewish leaders in New York City criticize Mayor Zohran Mamdani's position on Israel after a double stabbing of a suspect who reportedly yelled in Arabic 'God in great'; preview of tonight's rescheduled White House Correspondent Association dinner, featuring a speech by President Trump, after the original event was called off when a gunman burst in allegedly trying to assassinate the president and other government officials. Learn more about your ad choices. Visit megaphone.fm/adchoices

Both the House & Senate vote again on Iran War Powers Act resolutions sponsored by Democrats to force President Donald Trump to withdraw U.S. forces without Congressional approval. House resolution passes, Senate resolution fails; President Trump says the civilian nuclear agreement the U.S. signed with Saudi Arabia requires Saudi Arabia to join the Abraham Accords and recognize Israel, something that was not in the original agreement; President welcomes electricity companies and governors joining technology companies in signing a pledge that the expansion of data centers will not mean consumers have higher utility bills; Consumer Financial Protection Bureau Director nominee Brian Johnson goes before the Senate Banking Committee; House passes a bill to explore ways Social Security Disability recipients can earn more money without losing their benefits; Race for the Democratic nomination for U.S. Senator from Maine is now down to two candidates ahead of Saturday's convention; House Oversight Committee interviews former Barclays bank executive Jes Staley in the Jeffrey Epstein investigation; Rep. Jim Jordan (R-OH), Judiciary Committee chair, refers former special counsel Jack Smith to the Justice Department for prosecution for allegedly lying to Congress; Former James Woolsey, former CIA Director in the Bill Clinton Administration has died. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump says the American public supports the war against Iran, with the renewed fighting now on Day 12, as he travels to Dover Air Force Base in Delaware for a ceremony to receive four of the U.S. servicemembers killed by Iranian attacks on U.S. bases in the Middle East; President Trump approves a civilian nuclear agreement with Saudi Arabia that includes potentially a uranium-enrichment facility and does not include rigorous inspections from the International Atomic Energy Agency; New York City Mayor Zohran Mamdani (D) is asked about a video he posted explaining the city cannot arrest Israeli Prime Minister Benjamin Netanyahu on an International Criminal Court war crimes warrant when he next comes to town, but the federal government should; U.S. House passes the annual Pentagon program and policy bill known as the National Defense Authorization Act or NDAA, a budget resolution that starts the process for the next $95 billion budget reconciliation package, mostly defense spending, that can be passed with Republican votes only, and a bill that combines a ban on Members of Congress buying individual stocks with a requirement for photo ID to vote in federal elections; President Trump travels to Georgia to talk about his economic policies and promote Republican candidates ahead of the midterm elections in that battleground state; Secret Service Director Sean Curran answers questions about this Friday's White House Correspondents Association dinner, which was rescheduled after the first one was cut short after a gunman tried to burst in and allegedly assassinate President Trump and other government officials. Learn more about your ad choices. Visit megaphone.fm/adchoices