Also, Trump nominates a new Federal Reserve chief
| | | WHAT WE'RE WATCHING | | ✅ Trump taps Kevin Warsh to replace Powell at the Fed. Trump has grown increasingly frustrated with Federal Reserve Chairman Jerome Powell for not lowering interest rates, accusing him of slowing growth and driving up the cost of living. Warsh's nomination now heads to the Senate, where confirmation is uncertain amid bipartisan concerns about political pressure on the Fed. | ⏰ Trump and Schumer are trying to avoid an impending shutdown. The White House and Senate Minority Leader Chuck Schumer (D-NY) are negotiating a deal to separate Homeland Security funding from five other appropriations bills ahead of today's deadline. Democrats want a short-term DHS extension to negotiate ICE reforms, including ending roving patrols and requiring officers to wear body cameras. | 💥 Rubio and Rand Paul sparred over the Maduro capture. Secretary of State Marco Rubio argued with Sen. Rand Paul (R-KY) during a Senate hearing over whether the US operation to capture Venezuelan dictator Nicolas Maduro constituted an "act of war." Rubio maintained that the operation against someone the US doesn't recognize as a head of state "does not come anywhere close" to the constitutional definition of war. | 💸 Trump urges employers to match Trump Accounts. At a Washington event, President Trump called on companies to match contributions to children's Trump Accounts, which launch July 4. The program gives qualifying newborns $1,000 invested in an index fund, aiming to seed long-term savings. Bank of America and other firms have already pledged matches. | | Because the funding process is so complex, with the House having to approve all changes made in the Senate, a government shutdown remains a real possibility. Democrats are adamant about passing ICE reforms, some of which Republicans may even support, such as enhanced training and increased use of body cameras. — Brandon |
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| | | MEDIA BIAS SPOTTER | How left and right outlets frame Tom Homan vs. Kristi Noem | | | Behind the paywall: MS NOW and Politico on the left, and The New York Post and Daily Wire on the right. |
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| | | QUICK AND IMPORTANT | House Republicans introduce election security bill | |
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| | | THE MAIN STORY | Homan replaces Noem as deportations chief | | _WHAT'S HAPPENING_ | Trump sent Homan to Minneapolis to take direct control of ICE operations, removing Noem from the state's chain of command. The Minnesota crackdown exposed a long-simmering divide inside the administration between what some view as Noem's performative messaging versus Homan's operational discipline…
| | Behind the paywall: Why Trump sidelined Noem in favor of Homan, what the shakeup reveals about internal battles over deportation strategy, and how close Noem is to being pushed out. Plus, our thoughts on the story. |
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| | | Should President Trump continue to back Kristi Noem? | |
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| | | INSIDER RADAR | Tom Homan on ICE's new priorities | | Behind the paywall: Tom Homan, Scott Bessent, Susan Collins, and Ted Cruz. |
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| TODAY'S DEBATE | Which premium newsletter is your least favorite? | |
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| POLL RESULTS FROM YESTERDAY | What do you think is the main reason for a permanent CIA presence in Venezuela? | 🟨🟨🟨⬜️⬜️⬜️ 🇻🇪 Stabilizing the post-Maduro transition (381)
🟩🟩🟩🟩🟩🟩 🌏 Countering China, Russia, and Iran (746)
🟨🟨⬜️⬜️⬜️⬜️ 🇺🇸 Preparing for long-term US involvement (246)
⬜️⬜️⬜️⬜️⬜️⬜️ 🤔 Unsure (53) | 🇻🇪 Stabilizing the transition: "Venezuela needs to be stable in order for free elections to occur." — Anne 🌏 Countering America's enemies: "Hopefully it will inspire other socialistic countries that the US is willing to help them reconstruct a more democratic society." — Tim 🇺🇸 Preparing US involvement: "It's also about showing the world 'we're here, back off.'" — Matt | | | | 1,426 votes |
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| POP QUIZ | Who did Marco Rubio spar with over the Maduro capture? | |
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| Thanks for joining us today. We scoured 100s of sources to bring you stories and insights you won't find in the mainstream media—Ariel David and Brandon Goldman. | *Indicates content from our sponsors |
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