Good morning! Today is March 13th and here is your morning news rundown. We are going to do a paid subscriber Q&A on Saturday around 7:30 PM EST, so stay tuned for that! If you want to support my work, click the button below and become a paid subscriber today:
With that, here is your rundown:
Donald Trump has threatened 200% tariffs on all champagne, wine, and liquor made in the European Union in retaliation to a 50% tariff imposed by the European Union on American made whiskey. The tariff will go into effect if the European Union does not roll back its whiskey tariff.
As a result of Trump’s announcement this morning, the market opened lower than yesterday. Right now there is significant volatility within the stock market, and we will watch how it performs throughout the day.
NBC News reports that the Department of Education has shut down its offices in San Francisco, New York, Boston, Chicago, Dallas, and Cleveland. As a result, all employees in these locations have been affected by the workforce reduction, commonly referred to as a "RIF."
Democrats secured a victory in a Minnesota state House special election on Tuesday night, bringing the chamber to an even split and putting an end to a prolonged power struggle in the Legislature.
A group of Democratic state attorneys general has filed a lawsuit to prevent the Trump administration from dismantling the U.S. Department of Education and implementing widespread layoffs. The lawsuit, announced on Thursday, aims to halt the administration's plans to significantly reduce the department's workforce, which were disclosed earlier this week.
Pete Buttigieg is expected to announce that he will not enter the Michigan Senate race, potentially paving the way for a future presidential run, according to Politico.
Senate Republicans are proposing nearly $6 trillion in tax cuts, according to the Wall Street Journal.
A tele-town hall survey conducted by Rep. Tom Barrett (R-Mich.) found that 70% of participants in his swing district oppose DOGE.
See you this evening.
— Aaron
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