Latest / Washington Post / 4.14.26
Transcript
- 0:00Speaker 1: Welcome to the reading of the Washington Post for Tuesday,
- 0:03April fourteenth, twenty twenty six. As a reminder, Radio I
- 0:08is a reading service intended for people who are blind
- 0:12or have other disabilities that make it difficult to read
- 0:14printed material. Your reader for to day is Cindy Fraser.
- 0:19To day's frumpage headlines on the Washington Post are President's
- 0:23post appears to depict him as Jesus. Trump draws criticism,
- 0:28accusations of blasphemy before image is deleted. Next in battled
- 0:34members leaving Congress, Representative Swallwell Gonzales choose to leave a
- 0:39head of possible expulsion our Next headline stand off Tilts
- 0:44on nuclear arsenal. Trump demands aroun end program, u S
- 0:49naval blockade starts amidst stalled peace talks. Next, DOGE felt
- 0:55more like a club than an agency. Depositions reveal Musk
- 0:59and his charges worked with little oversight. Next or in
- 1:04Middle East dims dop's mid term prospects, follow out threatens
- 1:09to undercut Republicans economic pitch to voters, and the final
- 1:14headline from today's front page. Even with wealth, some in
- 1:18US feel middle class. Number of millionaires in US is
- 1:22at all time high, but next days feel lighter. In addition,
- 1:27there is a photo on the front page which is
- 1:30captioned celebrating change in Hungary. People gather in Budapest on
- 1:35Monday after Peter Magra and the opposition Tiza Party beat
- 1:39Hungarian Premier Viktor Orbon and ally of President Donald Trump
- 1:44in parliamentary elections Sunday. The photo shows a number of people.
- 1:49A young couple in the front is kissing. Behind them
- 1:52are people elevated on perhaps a stage. Now let's turn
- 1:57to our first item entitled Presson's post appears to depict
- 2:01him as Jesus. Trump draws criticism, accusations of blasphemy before
- 2:07image is deleted. Finalie Allison. President Donald Trump's posting of
- 2:12an image that appeared to depict him as Jesus drew
- 2:15rare criticism from the religious rite, prompting allegations of blasphemy
- 2:20and cause for him to take down the post before
- 2:22it was deleted. Shortly after posting a screed against Popelia
- 2:27the fourteenth on Sunday night, as he returned to Washington
- 2:30from Florida, Trump shared an image that appeared to be
- 2:34ai generated in the style of a painting depicting him
- 2:37in a long white robe with a red cloak draped
- 2:40around his shoulders. In one hand was an orb blowing
- 2:44with light. Trump's other hand rested on the forehead of
- 2:47a man in what resembled a hospital bed, light beaming
- 2:50from the man's head as Trump appeared to pray for
- 2:53his healing. Patriotic symbols, including an eagle, fireworks, and the
- 2:58Statue of Liberty filled the frame. Unlike the post criticizing Leo,
- 3:02whom Trump later said he didn't like and is too liberal,
- 3:06the image evoking Jesus drew swift criticism from some evangelical
- 3:10Christians and conservative Catholics, but otherwise expressed mere constant support
- 3:16for Trump's decisions. I don't know if the President thought
- 3:20he was being funny, or if he is under the
- 3:22influence of some substance, or what possible explanation he could
- 3:26have for this outrageous blasphemen, wrote Megambashion, a prominent conservative
- 3:32Protestant Christian writer and commentator. But he needs to take
- 3:35this down immediately and ask for forgiveness from the American
- 3:39people and then from God. The White House did not
- 3:43immediately respond to a request for comment. About Trump's intent
- 3:46in posting the image. Following the backlash and after appearing
- 3:50on the President's truth social account for more than twelve hours,
- 3:53the image was deleted. Asked about the post Monday afternoon,
- 3:58Trump said he posted it. I thought it was me
- 4:01as a doctor and had to do with the Red Cross,
- 4:04as a Red Cross worker, which we support. Trump said.
- 4:07In the photo, Trump's clothing is reminiscent of the clothing
- 4:10worn in Jesus time and does not appear to be
- 4:13an outfit a modern doctor would wear. There is no
- 4:16reference in the photo to the Red Cross. It supposed
- 4:19to be me as a doctor making people better, Trump continued,
- 4:23and I do make people better. I make people a
- 4:26lot better. Trump said, only the fake news could suggest
- 4:31he was depicting himself as Jesus, ignoring the criticism he
- 4:34received from his own religious supporters. The president last year
- 4:39posted an image of him as post that appeared to
- 4:41be a I generated. One administration official, speaking on the
- 4:45condition of anonymity to criticize the president's post, predicted that
- 4:49conservative Christian outrage would dissipate in a matter of days,
- 4:53as it often has, but the official said it was
- 4:56going too far for Trump to post such an image
- 4:59of himself, even though some of his most loyal MAGA
- 5:02supporters half cast him in quasi missianic turns. Other people
- 5:07at these Trump rallies do it for him, but when
- 5:10you do it yourself, it's sacrilegious at best, the official said.
- 5:14In the Christian faith, blasphemy, speech or action showing lack
- 5:19of reverence or outright disrespect to God is a sin. Trump,
- 5:23who identifies as a Christian but does not claim to
- 5:26regularly pray, read the Bible, or attend church, has enormous
- 5:31support from conservative Christians. Others, like Passion, publicly condemned the post.
- 5:37Isabel Brown, a Catholic podcaster with the Daily Wire outlet
- 5:40and a conservative influencer allied with the Trump White House,
- 5:44spoke out against it. The post is frankly disgusting and unacceptable,
- 5:49but also a profound misreading of the American people experiencing
- 5:53a true and beautiful revival of faith in Christ in
- 5:56the midst of our broken culture, Brown wrote. Michael Knowles,
- 6:01another conservative Catholic podcaster aligned with Trump, said online it
- 6:06behooves the present, both spiritually and politically to delete the picture,
- 6:10no matter the intent. Briley Gaines, a conservative podcaster, former
- 6:15collegiate swimmer and prominent critic of transgender participation in women's
- 6:19sports who spoke at Trump rallies and was recently a
- 6:21guest of the White House, also criticized the post. I
- 6:26cannot understand why he posts this. Is he looking for
- 6:29a response? Does he actually think this? Either way, two
- 6:33things are true, Gaines wrote on x, continuing to say
- 6:37that a little humility would serve him well and God
- 6:41shall not be mocked, a reference description the image and
- 6:45the subsequent reaction echoed of Two's social posts. Trump ultimately
- 6:49deleted earlier this year a video that at the end
- 6:52briefly showed Barack and Michelle Obama depicted as apes. The
- 6:56post was deleted after roughly twelve hours, but not for
- 7:00the White House Press Secretary dismissed criticism and urged the
- 7:04news media to stop the fake outrage. The latest post
- 7:08was taken down during the scheduled meeting of Trump's Religious
- 7:10Liberty Commission, which was set to feature several high profile
- 7:14Trump appointed Christian leaders. They include PAULA. White King, Trump's
- 7:19spiritual adviser, the Reverend Franklin Graham, Bishop Robert Baron and
- 7:23Cardinal Timothy Dolan. Trump formed the commission last year by
- 7:27executive order to advise the White House Faith Office. This
- 7:31island is accompanied by photos. One is captioned President Donald
- 7:35Trump posted to truth Social on Sunday, but appeared to
- 7:39be an AI generated image depicting him as Jesus Real
- 7:43Donald Trump truth Social. The image was described in detail
- 7:47in the article. The other is captioned President Donald Trump
- 7:52speaks on Monday after issuing a verbal attack on the
- 7:54Pope and drawing a rare rebuke from the Religious Ride.
- 7:58The photo show's President Trump standing in an open doorway.
- 8:02Next to him is a sign reading the Oval Office.
- 8:06Our next item is entitled in Battled Members leaving Congress
- 8:11represented to Swalwell Gonzalez choose to leave I had a
- 8:14possible expulsion by Marianna Alfaro and Amy b Wang, represented
- 8:20as Eric Swalwell, Democrat from California and Tony Gonzalez, Republican
- 8:25from Texas, separately announced plans to depart from Congress on
- 8:29Monday ahead of possible expulsion votes related to allegations of
- 8:33sexual misconduct. Swalwell, who was vehemently denied an accusation of
- 8:38sexual assault. But acknowledged some past quote mistakes and judgment,
- 8:42said he would resign because it was wrong for my
- 8:45constituents to have me distracted from my duties. I will
- 8:48fight this serious false allegation made against me, he said
- 8:52in the statement. However, I must take responsibility and ownership
- 8:56for the mistakes I did make. Shortly afterward, Gonzales released
- 9:00to statements, saying he would file my retirement from office
- 9:03on Tuesday. There is a season for everything, and God
- 9:07has a plan for us all, said Gonzalez, who has
- 9:09acknowledged an affair with a former member of his staff,
- 9:12a violation of House rules. The departure Swala and Gonzalez,
- 9:16one Democrat and one Republican, would mean the Republican's narrow
- 9:20majority in the House remains unchanged if they leave the chamber.
- 9:23At the same time, Swollwell faces accusations of sexual assault
- 9:28from a former staffer, first reported by the San Francisco
- 9:31Chronicle on Friday. Several other women also allowed sexual misconduct
- 9:36in interviews with The Washington Post, CIANN and other means outlets.
- 9:41Gonzalez is being investigated by the House Ethics Committee for
- 9:44having an affair with a staff member who later set
- 9:47herself on fire and died. He dropped his bid for
- 9:50reelection last month after acknowledging the affair with his former aid,
- 9:54but had said that he would serve out the rest
- 9:56of his term. Lawmakers, led by Represents and it Is
- 10:00Teresa Lega Fernandez, Democrat from New Mexico and Anna Paulina Luna,
- 10:05Republican from Florida, had planned to introduce a resolution to
- 10:09expel Swalow on Tuesday, alongside one to expel Gonzalez. The
- 10:14resolution could have triggered expulsion votes as earli as Wednesday,
- 10:18Swallow opted to step down rather than face a vote
- 10:21that could have ended his thirteen year House career. Gonzalez meanwhile,
- 10:26did not specify when he will retire, announcing only that
- 10:29when Congress returns on Tuesday, he will quote file his retirement.
- 10:34Lega Fernandez office said the congresswoman still plans on filing
- 10:38a resolution to expel Gonzales if he doesn't resign immediately.
- 10:42The earliest Lega Fernandez can file the motion is two
- 10:45pm Eastern on Tuesday. As news of gonzalez retirement broke, Luna,
- 10:51who had said she would support Lega Fernande's efforts to
- 10:54al Swalwell, and Gonzalez said on ex that we have
- 10:58successfully drained part of the swamp this week with a
- 11:01resignation of two very corrupt members of Congress. Thank you
- 11:04for your attention to this matter. Luna posted Swallow, who
- 11:09briefly ran in the twenty twenty Democratic presidential nomination and
- 11:13if his California gubernatorial bid on Sunday in the wake
- 11:16of the misconduct allegations. He was among the leading Democratic
- 11:19candidates in the crowded race. In a statement Monday, Swallow
- 11:24referenced his colleagues' efforts to expel him from the House
- 11:27and argued that expelling any one from Congress without due
- 11:30process within days of an allegation being made is wrong.
- 11:35The House Ethics Committee announced the launch of an investigation
- 11:38into the allegations against Swallow earlier Monday. Com Manee investigations
- 11:43can take months, if not days, and some House members
- 11:46had signaled that they were willing to expedite the expulsion
- 11:49process before the completion of an ethics investigation. A group
- 11:54of House Democrats also asked Monday that Speaker Mike Johnson,
- 11:58Republican from Louisiana, and House Minority Leader Hakim Jeffreys, Democrat
- 12:03from New York, expedite the House Ethics Committee investigations into
- 12:07Swalow and Gonzalez. One of those Democrats, Representative Christian MacDonald
- 12:12Rivett from Michigan, said on Acts that the allegedly criminal
- 12:16behavior and abuses of power by these members of Congress
- 12:19are disgusting and so obviously unacceptable. Being in Congress does
- 12:24not mean you get to play by a different set
- 12:26of rules, she said, If anything, we should be held
- 12:29to a higher standard. Representative Lauren Bobert, Republican from Colorado,
- 12:34who was pushing for Suala and Gonzalez to leave Congress,
- 12:38said Monday on Acts that nothing about this story brings
- 12:41me joy. No, I'm not happy this happened, Bobert said
- 12:45of Swala's resignation. I hate that women were victimized by him.
- 12:50I'm horrified his wife and children are having to go
- 12:53through this. Once Swallow leaves the House, California Governor GAVINUSM,
- 12:57a Democrat, will have fourteen days to call a special
- 13:01election to fill the seat under state law. Because he
- 13:04was running for governor. Swalwell did not mount a re
- 13:07election bid for his House seat. In Texas, Governor Greg Abbott, Republican,
- 13:12would also get to call a special election to replace Gonzalez.
- 13:16Brennan Herrera, a Republican gun rights activist who calls himself
- 13:20the a K Guide on a YouTube channel, is looking
- 13:23to replace a congressman in the general election in November.
- 13:27Herrera became the party's nominee after Gonzalez abandoned a runoff
- 13:31in the Republican primary last month. The Democratic nominee in
- 13:34their race is attorney and former school teacher Katy Padilla Stout,
- 13:38whom Democrats believe has a chance at flipping the district
- 13:42given some of Herrera's controversial positions on guns and other issues.
- 13:47As pushes to expel Swawa and Gonzales gain momentum over
- 13:50the weekend, some lawmakers also suggested forcing both to ask
- 13:55for presented Mishilasher Phyllis McCormick Democrats from Florida, and Corey
- 13:59mill Republican from Florida, who for months have been embroiled
- 14:03in controversy over different alleged ethics violations, which they both deny.
- 14:08Shephillis McCormick is the only member already officially found to
- 14:12have violated House ethics rules. The House Ethics Committee made
- 14:16the determination last month as a result of a year's
- 14:19long investigation into whether the congresswoman used coronavirus pandemic money
- 14:24to boost her congressional campaign. The Ethics Committee is expected
- 14:29to meet on April twenty first to determine whether Sheerphillis
- 14:32McCormick should be expelled, censured, or face some other form
- 14:35of discipline. Mills is also under active investigation by the
- 14:39Ethics Committee. The panel is looking into a wide array
- 14:43of allegations, including accusations of campaign finance violations, financial misconduct,
- 14:49and sexual misconduct. Representative Marked Saulnier California, the top Democrat
- 14:55on the Ethics Committee, said in a statement Monday that
- 14:58the panel retains Jersey over the ongoing investigation into Swalow,
- 15:03given that the California Democrat did not resign effective immediately
- 15:07and still remains a House member. This article is accompanied
- 15:11by a photo captioned Representative Tony Gonzales, Republican from Texas, left,
- 15:16and Representative Eric Swalow, Deemparant from California, right, are both
- 15:21set to vacate their seats in Congress. Rickey Karyote, the
- 15:24Washington Post and a moneymaker Getty Images. The photo shows
- 15:29headshots of each man. Next is an item en titled
- 15:34stand off tilts on nuclear arsenal Trump demands around end program.
- 15:39US naval blockade starts amidst stalled peace talks by Steve
- 15:44Hendrix and Susannah George from London. For the US naval
- 15:48blockade taking effect on Monday, oil prices again surging past
- 15:52one hundred dollars a barrel, and a fragile ceasefire set
- 15:55to expire in nine days. The United States and Iran
- 15:59began the week locked in a standoff after historic peace
- 16:03negotiations in Pakistan collapsed over the weekend. Washington, Tehran, and
- 16:09anxious capitals around the world are not sure how a
- 16:12cascade of urgent questions will resolve. Will the bombing resume
- 16:16when the truce runs out on April twenty second, what
- 16:19will US Navy operations in the Strait of Hormuz actually entail?
- 16:23And is there any conceivable path through an agreement on
- 16:26an Iranian nuclear program that has now survived not only
- 16:30two decades of international diplomacy seeking to curtail it, but
- 16:34also more than five weeks of the most intensive military
- 16:37assault ever launched against Iranian territory. Financial markets were not reassured.
- 16:44Oil futures jumped above one hundred three dollars a barrow
- 16:47as traders reacted to President Donald Trump's announcement that US
- 16:51warships would block traffic through the Strait of Hormuz, but
- 16:55just how tight a grip the Navy would impose remain unclear.
- 16:59US Central Command declined to comment on how the blockade
- 17:02will be implemented. Trump, in a truth social post Sunday,
- 17:06declared a sweeping embargo on any and all ships trying
- 17:10to enter or leave the Strait of Hormus, but US
- 17:14Central Command implied a more limited blockade, saying it would
- 17:17begin stopping all traffic entering and exiting Iranian ports starting
- 17:22at ten a m. Eastern time Monday. Early evening the
- 17:25Persian Gulf, he told reporters that the blockade had begun.
- 17:29Pakistani officials were determined to keep the sides talking even
- 17:34after their abrupt departure from Islamabad on Sunday. Mediators emphasized
- 17:38that before the collapse, progress had been made on many issues.
- 17:43During twenty one hours of negotiations led by Vice President J. D.
- 17:47Vance and Mohammed Bager, Galabat, speaker of Iran's parliament. Speaking
- 17:52at a cabinet meeting Monday, Pakistani Prime Minister Chebez Shari
- 17:56said full efforts were ongoing to resolve the war. I
- 18:01don't think the back channel communication will stop. I think
- 18:05it will carry on, maybe not as we speak, but
- 18:08I was told it will not cease, said Malia Lodi,
- 18:11when of Pakistan's most respected diplomats, who has served as
- 18:14ambassador to the United States, Britain and the United Nations.
- 18:20But it was not clear what channels remained open as
- 18:23both US and Iranian leaders quickly returned to their respective
- 18:27Maximili's corners. Trump expressed confidence that Iran's bombed out infrastructure
- 18:32and battered economy would still force its hand. I think
- 18:36Iran is in very bad shape. I think they're pretty desperate.
- 18:39Iran will not have in the three weapon, Trump told
- 18:42reporters Sunday. I don't care if they come back or not.
- 18:46If they don't come back, I'm fine. Iran, for its part,
- 18:50showed no signs of feeling boxed in. Commanders of the
- 18:54Islamic Revolutionary Guard Corps described the US naval operations as
- 18:58piracy and threats to target Gulf courts and retaliation. Officials
- 19:03projected the confidence of a regime that so far has
- 19:07whether the worst of the world's strongest military could deliver.
- 19:11That perception of survival despite widespread devastation and the assassination
- 19:16of many high level officials, has emboldened hardliners in Tehran
- 19:21who argue the attacks by US and Israeli warplanes have
- 19:25provided further proof of Iran's need to develop the deterrent
- 19:29of a potential nuclear threat. Israeli leaders, who publicly supported
- 19:34but privately regretted trump ceasefire leading to the negotiations, quickly
- 19:38seized on the collapse of the talks to threaten a
- 19:41return to pounding Iran. General Aila Zamir, the chief of
- 19:45staff of the Israel Defense Forces, instructed the idea to
- 19:49move to a heightened state of readiness and prepare for
- 19:52a possible resumption of hostilities. Israeli Prime Minister Benjamin that
- 19:57Nyahu consulted with security officials and teles on Sunday on
- 20:01the possibility of resuming the fighting in her According to
- 20:05a person familiar with the matter, who spoke on the
- 20:07condition of anonymity because they were not allowed to brief
- 20:10the media, Israel must be prepared for any development this
- 20:14person said. Lodi said Pakistan's diplomats feared the looming blockade
- 20:19could shatter the fragile truth. Trumpe may intend for the
- 20:23blockade to push Ran back to the negotiating table, but
- 20:26the operation also moves US forces into much closer proximity
- 20:31to Iran. It will push the conflict to its most
- 20:34dangerous phase because it will be up close and personal.
- 20:37She said. The Iranians are not going to just rush
- 20:40to the negotiating table since there is a blockade. They
- 20:43are going to respond militarily. They've said so. Annely was
- 20:48sworn of the planned US naval blockade. While well within
- 20:51the capabilities of the forces massed around the Persian Gulf,
- 20:55could face serious military obstacles. The narrow strait forces US
- 20:59war ships into a confined channel, where Iron's sea mines,
- 21:03shore based missiles, and swarms of cheap drones could diminish
- 21:07American military advantages depending on how the naving forces of blockade,
- 21:12The US could maintain a blockade in safer waters without
- 21:16deploying additional forces to the region, said Mark ken Kain,
- 21:20a senior adviser as a Center for strategic and international studies.
- 21:24The Navy won't have to intercept every ship, he said,
- 21:28just searching or seizing one in four would send a
- 21:31message to shippers that there's a chance that will lose
- 21:33their cargo. I think they'll do this outside the Gulf
- 21:37and straight and pick up ships as they come through.
- 21:39Kenkain said that's probably enough to stop the vessels. The
- 21:44logic of the blackade, however, is straightforward, cutting off Iran's
- 21:48oil exports with severe access to the hard currency, keeping
- 21:52its war economy afloat. So far, Iran's own blockade of
- 21:56the passage has inflicted more damage to the world economy
- 21:59than to its own, as Iraning tankers have been able
- 22:02to pass the strait more frequently. One of the u
- 22:06S assumptions going into the war appears to have been
- 22:08that a rod but almost handicapped itself by closing the
- 22:11Strait of Hormuz because a lot of its own hydrocarbons
- 22:15transit the same choke point. But that hasn't happened, said
- 22:18Sidharth Kashul, senior Research fell out for Sea Power at
- 22:22the Royal United Services Institute, a British military think tank.
- 22:27In fact, the rangings have exported more oil than they
- 22:30did before war, partially because the ringing oil is one
- 22:33of the few cargoes that have been able to safely
- 22:36transit the Strait. The US is looking to block i
- 22:39Ran and to keep it from establishing permanent control of
- 22:43the Strait, Kaushuld said, but the economic plowback could be
- 22:47double edged. With roughly seven million barrels of crude and
- 22:51four million barrels of refined product already trapped in the Gault,
- 22:55blocking raining oil threatens to push global prices even higher.
- 23:00The Strait is also a choke point for other supply
- 23:03chain commodities, including aluminium, helium and fertilizer. The effectiveness of
- 23:09the blockade has already been undercut by the United States
- 23:13lifting of sanctions last month on Ranian oil already at sea,
- 23:17a move the White House said was geared toward easing
- 23:20pressure on global crude markets. While the move was framed
- 23:24is providing little economic benefit to Iran, it has generated
- 23:28a windfall for the Uranian regime and is said to
- 23:31continue to do so with the blockade in place. Ship
- 23:35tracking data suggests there are roughly one hundred million barrels
- 23:39of Iranian oil remaining at sea that can still be
- 23:42sold sanct and free until Sunday. According to Brett Erickson,
- 23:46managing Principle and Obsidian Risk Advisors, which specializes in financial
- 23:51crime and regulatory issues, most of that oil has moved
- 23:55out of the Strait of Poor Moods since the sanctions
- 23:57were lifted, and thus would not be in peace by
- 24:00the blockade. As countries scrambled by as much oil as
- 24:04they can amid a supply crunch that will be tightened
- 24:07further by the blockade, that Iranian oil is likely to
- 24:11sell at a premium. It could result in Iran generating
- 24:14at least one billion dollars in revenue that would not
- 24:18have seen if sanctions were still in place and Iran
- 24:21had to sell the cargoes at a deep discount. The
- 24:25US will meanwhile be under pressure from allies in Asia
- 24:28to extend the sanction's pause, which is set to expire Sunday,
- 24:32as they desperately need the Iranian oil at a time
- 24:35when other shipments through the Strait of Hormons have been halted.
- 24:39Such an extension, though, would further undermine the blockade. This
- 24:44is a quagmi the US is in where the options
- 24:47are basically let Iran pillage energy markets or expose the
- 24:52entire Asian continent to an increasingly untenable energy crisis. Ericson
- 24:57said the clear lack of planning going into this conflict
- 25:01has left Washington with an impossible choice. In China, leaders
- 25:06worried that the US and Iran are getting ready for
- 25:09an escalation over hormones, threatening more instability in the global
- 25:14economy and possibly forcing Trump to delay his much anticipated
- 25:18summit with Chinese leader Xijinping next month. According to Chinese
- 25:23officials and scholars, in the hours before the blockade was
- 25:27set to begin, Gua jing Kun, a spokesperson for China's
- 25:31Foreign ministry, urged all relevant parties to remain calm and
- 25:36exercise restraint. The president's public views on the shipping lane
- 25:40have vacillated from his claim in a national address April first,
- 25:44that the strait of hormones did not matter to his
- 25:47threat to obliterate Iran's entire civilization if it didn't allow
- 25:51ships to pass to now his imposition of his own
- 25:54blockade on the already blockaded passage. Iran said it would
- 25:59strike back hard at the U S blockade if Iran's
- 26:03ports are threatened no port in the region will be saved,
- 26:06the Iranian military Central Commands said in a post on
- 26:10x on Monday, But some experts said the U S
- 26:13blockade could effectively push Iran and its oil dependent allies
- 26:18into a more conciliatory position and was preferable to deploying
- 26:22ground troops to disrupt Raigning exports by occupying key facilities
- 26:27such as the processing and shipment facilities on Iran's Krg Island.
- 26:31The bolcade always made more sense in seizing Karg Island,
- 26:35long time US diplomat Denise ra said in his social
- 26:39media post. It stops Iran's exports its revenues is a
- 26:43counterpoint to their closing the straits. They may attack Gulf
- 26:47oil facilities, but it puts greater pressure on Iran. It
- 26:51also puts greater pressure on China to pressure Iran. Still,
- 26:56a new petro blockade risks inflicting deeper pain on trent
- 27:00Asian allies than on China, partially thanks to the latter's
- 27:04aggressive push in electric vehicles, which reduces its vulnerability to
- 27:08oil shops, said Yu Zomgi, a researcher at the Shanghai
- 27:12Institutes for International Studies. A government affiliated think tank. Trump
- 27:18on Sunday threatened China with quote staggering fifty percent terrors
- 27:23over allegations that it has provided military assistance to Iran.
- 27:28Some China Hawks, including former U. S Ambassador to the
- 27:31Yuan Nicki Haley, called on Trump not to go to
- 27:34Beijing in May until China stops hopping Iran. Giuo, the
- 27:40Foreign Ministry spokesperson, dismissed the military assistance accusations as groundless,
- 27:45smearing and malicious association, saying that Beijing has always been
- 27:50cautious and responsible over arms exports. So far, neither side
- 27:55shows signs of budging from core positions, particularly on the
- 27:59issue of Iran's determination to maintain the nuclear research that
- 28:03it says is intended for legal civilian applications, but that
- 28:08Israel and the US insist is destined to provide Tehran
- 28:12with the nuclear weapon. The meeting went well, most points
- 28:16were agreed to, but the only point that really mattered,
- 28:19nuclear was not, Trump wrote in a post Sunday. In
- 28:24some ways, Trump now finds himself needing the same thing
- 28:27President Barack Obama needed in twenty thirteen when he and
- 28:31Iranian President Hassan Rohani started the long negotiations that yielded
- 28:36the twenty fifteen in a National Agreement on Iran's nuclear program.
- 28:41Trump discarded that agreement during his first presidential term, but
- 28:45now finds himself, like Obama, seeking to constrain nuclear ambitions
- 28:50that seemed to have proved impervious to sanctions and military force.
- 28:55In withdrawing from the agreement, Trump sided with net Yahoo's
- 28:59view that the Dear Ill was allowing Iran to make
- 29:01clandestine progress toward AVON. In his place, Trump instituted a
- 29:06program of maximum pressure, a slate of punishing sanctions meant
- 29:11to force Iran to give up its enrichment program. In
- 29:14twenty twenty five, the US and Israel launched military strikes
- 29:19that badly degraded Iran's deeply buried include facilities. Supporters of
- 29:24the negotiated deal say the military approach has only strengthened
- 29:28Iran's commitment to obtaining an atomic weapon. Meanwhile, the two
- 29:33military campaigns have left four hundred and forty kilograms about
- 29:36nine hundred seven pounds of highly enriched uranium in tunnels
- 29:40that remain at least partially intact, their exact location unknown
- 29:45even to international inspectors. The stockpile is now harder, not easier,
- 29:51to account for. Supporters of the twenty fifteen accord contend
- 29:55that Iran's nuclear program was largely contained and closely monitored
- 29:59when Trump inherited the nuclear file from Obama. It's rare
- 30:03that we're given in real time the historical counterfactuals that
- 30:07allow you to compare different methods of dealing with any problem,
- 30:11let alone one as difficult as a raw nuclear program,
- 30:15said Rob Malley, who was a lead negotiator on the
- 30:17twenty fifteen Iran nuclear deal. We had diplomacy, we had
- 30:22maximum precious sanctions, and we had the military. Of the three,
- 30:27I think it's hard to dispute that the first was
- 30:29the most successful. George reported from Islamabad, Pakistan. Shahik Hussain
- 30:35in Islamabad, Lyric Lee in Tokyo, Mohammed el Shama in Deirut,
- 30:40Bor Soroka in Tel Aviv, and Tera Copp, Emily Davies
- 30:44and Evan Halper in Washington contributed to this report. This
- 30:49article is accompanied by a photo which is captioned newspapers,
- 30:53including one featuring a cartoon of President Donald Trump drowning
- 30:56in the Strait of hooormuds with a headline marine bluff
- 31:00on sale at a newsstand in Tehran on Monday at
- 31:03a canari a f P getting images our next dtomus
- 31:08entitled war in Middle East dims GOP's mid term prospects
- 31:13file out threatens to undercut republicans economic pitch to voters.
- 31:17By Hannah Knowles, Republicans always expected the twenty twenty six
- 31:21elections would be taught. Then the US mental wars are
- 31:25on gas prices, one of President Donald Trump's favorite metrics,
- 31:30shot up, fanning economic anxiety just as Republicans were hoping
- 31:34to focus on Americans tax breaks and refunds. Annalysts say
- 31:38costs could stay elevated well into the year, even if
- 31:42the war ends soon. Consumer sentiment drops to lowest on record.
- 31:47A Friday email from the Democratic National Committee flaired. If
- 31:51Republicans lose one or both chambers of Congress in November,
- 31:55they may point to this period as a cross roads
- 31:58when an already daunting miniche got harder. The follow of
- 32:02the war threatens to undercut the GOP economic pitch for months,
- 32:06and Trump is struggling to control the conflict, alarming politicians
- 32:11in both parties, with its recent social media threat to
- 32:14wipe out a whole civilization in Iran. The President has
- 32:18suggested the war could wind down soon, and Republicans have
- 32:22cast it as a temporary disruption, but as a conflict
- 32:26enters its seventh week with the United States still trying
- 32:29to reopen a key shipping route for the oil, the
- 32:32ripple effects could prove hard to quickly reverse. Republicans are
- 32:37extremely concerned about how a longer war drags on and
- 32:41into the midterms. Republican strategist Matthew Bart had said the
- 32:46higher prices climbed the lower polls go, and that has
- 32:49a possibility to turn safe seats into battleground seats. Other
- 32:54Republicans said they're not panicking yet, hopeful that the war
- 32:58and its aftershocks were rest dedeed from the public consciousness
- 33:01by the time ters go to the polls. The Trump
- 33:04administration is trying to negotiate with Iran, and the president's
- 33:08approval rating has ticked down since the conflict started, but
- 33:11only slightly one to two percentage points. According to national
- 33:15pulling averages. Trump's approval ratings have declined over the course
- 33:20of his second term and averaged about thirty seven percent
- 33:23in recent weeks in poll's tracked by the Washington Post,
- 33:27close to the lowest mark of either of his presidencies,
- 33:30and to the lowest mark of his immediate predecessor, President
- 33:33Joe Biden. The uncertainty surrounding the war adds to a
- 33:38host of boording signs for Republicans. Historically, the party and
- 33:42power often loses seats in the mid terms, and many
- 33:45in the GOP are gloomy about their chances of holding
- 33:49on to control of the narrowly divided House. Democrats have
- 33:53a much harder path to retaking the Senate, where the
- 33:56GOP holds fifty three of one hundred seats, but operatives
- 34:00in both parties aren't ruling it out. White House Books
- 34:04for sin Taylor Rogers said Trump will not allow the
- 34:07Iranian terrorist regime to possess a nuclear weapon and remains
- 34:11committed to lowering costs. With a seaspire now in place
- 34:16and a long term peace plan being worked on, oil
- 34:19and gas prices will continue falling back to the multi
- 34:22year lows American drivers enjoyed before these short term disruptions,
- 34:26Rogers said in a statement last week. Oil prices, which
- 34:30had surged above one hundred dollars a barrel dropped sharply
- 34:33after Trump announced a seaspire last week, only to rise
- 34:37again as tensions persisted and around again closed the Strait
- 34:41of Horror Moons, a key oil route. Trump announced Sunday
- 34:45that the US would blockade the strait after weekend talks
- 34:48with Iran failed to produce a deal. Asked on Fox
- 34:52News whether he thought the price of gas would be
- 34:54lowered before the mid terms, Trump viewed that it could
- 34:58be the same or maybe a little bit higher. As
- 35:01of Monday morning, the price of a barrel of Brant crude,
- 35:04the global benchmark for oil prices, was up eight percent
- 35:08to about one hundred three dollars, and the average price
- 35:11of gas in the US was four dollars twelve cents
- 35:15flat from the previous day. The US Energy Information Administration
- 35:19suggested last week that energy prices could take months to
- 35:23return to normal even if the war concludes soon, forecasting
- 35:28that if the conflict ends before made, oil supply should
- 35:31return close to pre conflict levels. In late twenty twenty six,
- 35:36Senate Minority Leader Charles E. Schimmer, Democrat from New York,
- 35:40and besides that, prospect of extended economic trouble in a
- 35:43news conference last week, predicting months of high gas prices
- 35:47and saying that world oil markets will be unsettled for years.
- 35:52Republicans are eager for an off ramp. Gas prices need
- 35:56to revert to the mean in the next forty five
- 35:58days or I think voters are going to punish Republicans
- 36:01at the ballot box, said one major GOP donor, who,
- 36:05like some others, spoke on the condition of anonymity to
- 36:08be candid. A GOP strategist working on mid term elections said,
- 36:13Republicans hope the situation is at its thorniest now, there's
- 36:17an expectation. This is the lowest of guests, and we
- 36:20only have room to grow, the strategist said. Also speaking
- 36:24on the condition of anonymity, Jonathan Bridges, a Republican strategists
- 36:29in battleground North Carolina, echoed that there's time for prices
- 36:33to come down before November. This summer, people are going
- 36:37to be making travel plans, and if we continue to
- 36:40have four dollar gas, it's going to hurt a lot
- 36:42of consumers, he said, but a lot can happen. The
- 36:46GOP retains some advantages heading into the midterms, including a
- 36:51massive war chest that outstrips that of the Democrats, but
- 36:55Democrats say their reasons for optimisms are growing. On Tuesday,
- 37:00they saw their biggest overperformance yet and a House special
- 37:04election since Trump took office last year. Republican Clayfuller won
- 37:09the race to fill Marjorie Taylor Green's former US House
- 37:12seat in a deep red Georgia district, but his roughly
- 37:16twelve point margin in victory was much smaller than Trump's
- 37:19thirty seven point win there in twenty twenty four or
- 37:23Green's twenty seven point win the same year. Democrats also
- 37:28celebrated an unusually decisive victory last week in a Wisconsin
- 37:32Supreme Court race. The liberal candidate won with sixty percent
- 37:36of the vote, a striking margin in a battleground state
- 37:40where races are often decided by a point or two,
- 37:43though democrats big spending advantage in the contest this year
- 37:47could help explain it. Liberal candidates won with about fifty
- 37:51five percent of the vote in the last three Wisconsin
- 37:54Supreme Court races. To get to fifty five percent in
- 37:58these past elections is a huge deal. Democratic polster Jeff
- 38:02Howard said sixty is just a really well remarkable number.
- 38:07A nonpartisan election analysis site, the Cook Political Report recently
- 38:12revised its assessments of several races to favorite Democrat, citing
- 38:16an increasingly sour national environment for Republicans in battleground Georgia
- 38:22and North Carolina. Cook Political Report on Monday shifted its
- 38:26Senate contest rating from toss up to democratic women in
- 38:31red Ohio, a Senate race once deemed Republican leaning, moved
- 38:35to a toss up. Five House races also shifted to
- 38:39the left in its ratings. Cook Political Report said last week,
- 38:43while its assessment of the Iowa governor's race moved from
- 38:46lee republican to toss up. Trump's dropping approval rating makes
- 38:51it difficult for Republicans to both win independence and turn
- 38:55out their own base, said Dave Wasserman, a Cook Political
- 38:59Report and the only it puts the Senate in play,
- 39:02and it means Democrats are substantial favorites in the House.
- 39:06Kyle Kondick, an analyst for A. Sabado's Crystal Ball, a
- 39:10non partisan elections website and newsletter, said fallout from the
- 39:14war and Trump's approval ratings put the GOP in risky territory.
- 39:19If we get to the point where the Senate would
- 39:22actually flip the seats for that are being laid right now,
- 39:25Condic said. Scott Clement and Theodoric Meyer contributed to this report.
- 39:31This item is accompanied by photos. The first is captured
- 39:36a person botes early in the Virginia redistricting referendum on
- 39:40a referred at the Fairfax County Government Center in Fairfax, Virginia,
- 39:44Julie de Marie mckinson a p. The next photo is
- 39:49captioned tankers at the corps of a Khan Container terminal,
- 39:53the only natural deep sea port in the region, on
- 39:55June twenty three, twenty twenty five, along the street of
- 39:59Boormous Giuseppe Kacacchi a f P. Getty Images and the
- 40:04five of photo accompanying this item is captured Senator Chuck Schumer,
- 40:08Democrat from New York and Representative Hakim Jeffreys, Democrat from
- 40:12New York on March twenty fifth, at the Capitol House
- 40:15and Robert A. P. Next is an Ittoman titled DOGE
- 40:20felt more like a club than an agency. Depositions reveal
- 40:24Mosque and his charges worked with little oversight by Merrill Cornfield.
- 40:30Members of the U S Doge Service spoke regularly over Signal,
- 40:33the encrypted chat service that can autotolute messages. They were
- 40:37informally recruited by people they knew, and other government employees
- 40:41didn't know who was DOGE. When DOGE members were deposed
- 40:45in January as part of a lawsuit of her cuts
- 40:48to grants awarded to the National Endowment for Humanities, they
- 40:51described a vague network of similarly minded technologists and lawyers
- 40:55who had been tasked with a fast mandate to reduce
- 40:58federal spending. They also described a lack of structure that
- 41:02allowed them to operate with little oversight or understanding of
- 41:05what others might be doing. DOGE felt more like a
- 41:09club justin Fox, an investment banker turned DOGE staffer told
- 41:14attorneys in one of the video depositions released last month.
- 41:18A year after Elon Musk brought in a cohort of
- 41:20allies from Silicon Valley to remake the government through a
- 41:24newly established Department of Government Efficiency, lawsuits and public record
- 41:29releases have steadily begun shedding light on who was in
- 41:33DOEGE and how its members approached their roles. The depositions
- 41:37in a lawsuit over DOZE using chat GPT to propose
- 41:41cuts to about one thousand, four hundred humanity scrants have
- 41:45answered some questions about how the group, which is not
- 41:48part of the cabinet, formed and operated with little scrutiny.
- 41:52In one moment, they went viral. Fox was asked why
- 41:55he described a documentary about female Holocaust victims as quote
- 42:00inherently discriminatory and sought to cut off its federal funding,
- 42:04and another his colleague, Nathan Kavanaugh, acknowledged that DOEGE did
- 42:09not reduce the federal deficit. The disclosures have confirmed news
- 42:14coverage from last year about the extent of DOGE cuts
- 42:17and identified several key DOGE figures operating in federal agencies.
- 42:22For instance, in January, the Department of Energy responded to
- 42:26the liberal watchdog group American Oversight's requests from the names
- 42:30and titles of members of its DOGE team, acknowledging one
- 42:33previously unnamed member, Alexander Glovac, a former tech investor who
- 42:39has since launched an artificial intelligence start up. In response
- 42:43to one of the lawsuits, the government shared two lists
- 42:46of one hundred eighty eight people whom it identified as
- 42:49being part of DOGE, including career civil servants of the
- 42:52former U S Digital service and contractors at an HR firm.
- 42:57The list excluded at least nine Team DOGE members, whom
- 43:01The Washington Post previously identified. According to an analysis of records,
- 43:06thousands of pages of documents about Doge have recently been
- 43:10shared with groups that filed public records request last year.
- 43:14The Post reviewed a significant portion of these troths to
- 43:17better understand what new information has been revealed. Many of
- 43:21the pages had reductions, and the file still do not
- 43:24provide the full context of Doge's work in government. The
- 43:28Trump administration has fought to withhold information about what DOGE
- 43:33did and argued that the group is not subject to
- 43:36the Freedom of Information Act, asking the Supreme Court last
- 43:39month to overturn an order from the U. S. District
- 43:42Court for d C to provide records to citizens for
- 43:46Responsibility and Ethics in Washington or Crew. The administration has
- 43:51also argued that Musk and Amy Gleason, the person who
- 43:54the administration had said was leading DOGE, should not have
- 43:58to sit for depositions. Crewe's Chief Council Nichael Seuss, said
- 44:03the effort to shield DOMES from f o i A
- 44:06mandates is a delay tact to impede crew's ability to
- 44:09access records and hold up other cases. There's a domino effect,
- 44:14SEUs told the Post. These delayed tactics are impeding the
- 44:18ability to get answers in this case and other cases.
- 44:22White House Boatsman David Ingle did not directly respond to
- 44:26the Post's questions about the government's efforts to withhold information
- 44:30about dogs or the new details revealed by litigation and
- 44:33public records requests, but said the government has vote fully
- 44:37complied with discovery requests. President Trump was given a clear
- 44:42mandate to eliminate waste fraud interviews from the federal government,
- 44:46Ingle said in his statement, in just a year, he
- 44:48has made significant progress in making the federal government more
- 44:51efficient to better serve the American taxpayer. Asking chat g
- 44:56p T about d e I. The video depfis are
- 45:00the result of DOGE members actions and an arm of
- 45:03the federal government that normally doesn't receive much attention, the
- 45:07National Endowment for the Humanities. The lawsuits centers on a
- 45:11few weeks last spring, when DOGE targeted the NEH cutting
- 45:15federal funding for research grants the group deemed as related
- 45:19to diversity, equity and inclusion, part of the Trump administration's
- 45:23broad rollback of DEI initiatives across government. Cavanaugh and Fox
- 45:28led the mission to flag so called DEI grants. DOGE
- 45:32members use chat DVT giving the AI CHAT bought these instructions.
- 45:37Does the following relate it all to DEI? Respond factually
- 45:42in less than one hundred twenty characters begin with yes
- 45:45or no, followed by a brief explanation. The plaintiffs in
- 45:49the case, American Council of Learned Societies, the American Historical Association,
- 45:55and the Modern Language Association, have argued that determination violated
- 46:00the First Amendment and the equal Protection Clause for unfairly
- 46:03targeting grants for political reasons, noting that grant's awarded during
- 46:07the previous Democratic administration were the particular focus. The Trump
- 46:13administration has argued that the cancelations don't violate the First
- 46:17Amendment because a government is not obligated to subsidize projects
- 46:21it no longer believes to be in the public interest.
- 46:24The plaintifts have also argued that DOGE had unprecedented control,
- 46:28and they shared records received through discovery that showed how
- 46:32officials at the any age appeared to have capitulated to DOGE.
- 46:36Though members set into positions that their role was to advise.
- 46:40In one email last April, then any AGE acting chair
- 46:44Michael MacDonald, a long time any H official whom Trump
- 46:47placed in the top job after firing Biden appointing Shelley Low,
- 46:52wrote to Fox that he understood Doge wanted to move
- 46:55quickly and cancel grants even if they didn't relate tod
- 46:59Ei either way. As you've made clear, it's your decision
- 47:03on whether to discontinue funding any of the projects on
- 47:06this list, mc donald told Fox. Doge soon sent cancelation
- 47:11emails to hundreds of GRAT recipients, causing widespread confusion. Gratt Bodley,
- 47:17the n e h's chief information officer, wrote to Dartmouth
- 47:21College officials that same month that any H staff was
- 47:24unaware of what was happening. The canceled funding included grants
- 47:29for the replacement of aging HVAC systems at several federally
- 47:32funded museums, digitation of local historical newspapers and documentaries about
- 47:38subjects such as Jewish women in the Holocaust, black cultural icons,
- 47:43and the Civil Rights movement. When the Kabanat and Fox
- 47:46depositions were published online last month, the administration pushed to
- 47:51have them taken down, but a judge decided otherwise, noting
- 47:55that the videos concerned the conduct of public officials acting
- 47:59in their official capacities. A context in which the public
- 48:02interest in transparency and accountability is at its apex, possible
- 48:08someone will go public. Across the government, grant and contract
- 48:12cancelations occurred at an unprecedented pace and caused much confusion,
- 48:17according to records review by The Post. At the Department
- 48:21of Veterans Affairs, a flurry of emails from February twenty
- 48:24twenty five that were publicly disclosed last month showed that
- 48:28contract cancelations spread alarm among staff members. On February twelfth,
- 48:33Maria Kelly, executive director of the National Radiation Oncology Program,
- 48:38passed along awarding to all the chiefs of Radiation Oncology.
- 48:43Apparently medical physicist contracts are being flagged by DOGE. We
- 48:47need to be informed if this happens at your site.
- 48:49We will draft something tomorrow that you can use to
- 48:52support the need for a contract. VA officials also discussed
- 48:56trying to stop doge's termination of a contract that provide
- 49:00its technical help to the office assisting Homeless Veterans among
- 49:03about four dozen contracts of DOEGE. N VA Secretary Douglas A.
- 49:07Collins approved of cancelation. They will pull back on this decision.
- 49:12Acting day Under Secretary for Help Steve Lieberman told other
- 49:16officials on February thirteenth, hopefully should be all set O
- 49:21m G. I have no words. Monica Diez, executive director
- 49:25of the Department's Homeless Program's office, wrote back with a
- 49:29prayer hands emoji. Another official also celebrated the quote great news.
- 49:34The next day, Liberman warned others that this might become public.
- 49:39It sounds like she addressed their concerns, but it is
- 49:42always possible someone will go public about this, he wrote.
- 49:45In the same month, a person whose name was redacted
- 49:48wrote to Lieberman that Musk has moved into the FDA
- 49:52building and is sleeping there. Redacted is going nuts. Several
- 49:57groups requesting the records noted that f ol LIA offices
- 50:01have redacted significant portion, and litigation to get the office
- 50:05to turn over other records is ongoing in several court funds.
- 50:10The names of DOGE members have been withheld. Even within
- 50:13the government agency's targeting, it wasn't always clear who was
- 50:17DOGE and who wasn't, according to federal workers and records.
- 50:21In May, Donathan Mendelssohn, a former investor at San Francisco
- 50:26venture capital firm Excel, who was then embedded with the
- 50:29General Services Administration, email to Federal Communication Commissions leaders to
- 50:34quote discuss getting a DOGE team detailed over to the agency.
- 50:39SCC chief of Staff Scott Delacourt responded that DOGE members
- 50:43to Rock Nkeisha, Jordan Wick, and Jacob Altik had been
- 50:47working at the SEC since March. Mendelssohn said to disregard
- 50:51his email. In that case, that was easier than expected,
- 50:54Delacourt wrote to other SEC leaders. In other instances, DOGE
- 50:59was less a source of confusion and more a subject
- 51:02of jokes. After SEC Chairman Brendan Carr shared a request
- 51:06of format documents with single line spacing and two spaces
- 51:10after periods in February twenty twenty five, his chief of
- 51:14staff Greg Watson forwarded the style guidance with a warning
- 51:18those who fail to comply will be reported to DOGE.
- 51:21Aaron Shafer contributed to this report. This autumn is accompanied
- 51:26by photos. The first is caption Elon Musk oversaw the
- 51:30u S DOGE service, a government cost cutting operation for
- 51:33more than four months. Francis Chung, Politico, Lumberg News Getting Images.
- 51:39The photo shows mister Musk's head from the eyes up only.
- 51:43He's wearing a black cap which is imbordered in Blackdoge
- 51:48or Doge. The next photo is captioned Acting DOGE Administrator
- 51:53Amy Gleason with President Donald Trump and Setters for Medicare
- 51:57and Medicaid Services Administrator OZ on July thirtieth, Tom Brenner
- 52:02for The Washington Post. And the final photo accompanying this
- 52:06item is captured contract cancelations driven by DOGE spread along
- 52:11among the Department of Veterans Affairs staff members Demitrius Freeman
- 52:15the Washington Post. The photo shows two individuals walking in
- 52:19front of a building on which is a sign reading
- 52:22Department of Veterans Affairs and another sign which reads to
- 52:26care for him who shall have borne the battle, and
- 52:29for his widow and his orphans A Lincoln. And The
- 52:34final item in today's front page is entitled even with wealth,
- 52:39some in U s field middle class. Number of millionaires
- 52:42in US is at all time high, but nestings feel lighter.
- 52:47By Abba Blutari, Rachel Luhman and Frederica Coco. There are
- 52:51more American millionaires than ever before, but many of them
- 52:55don't feel rich. Average network in the United States is
- 52:59over one night million dollars per household, Federal Reserved data shows,
- 53:03with roughly one in six families surpassing the seven figure mark.
- 53:07Yet many of the country's newest millionaires say that even
- 53:11with such wealth, they still feel undeniably middle class. In
- 53:16many parts of the country, one million dollars has become
- 53:19a starting point in the American dream. The average entry
- 53:22level homes cost one million dollars or more in more
- 53:26than two hundred US cities, including parts of Kansas, Minnesota,
- 53:30and Georgia. According to a recent analysis by Zillah. It's
- 53:35a milestone, but half a million dollars doesn't mean you're
- 53:38super wealthy anymore, said Nathan Lincoln Plack, thirty six, financial
- 53:42advisor with Donaldson Capital Management near Indianapolis, who recently passed
- 53:47the millionaire threshold with his wife. It's not quite what
- 53:50it used to be in terms of rarefied status. Rising
- 53:54costs have chipped away the value of one million dollars.
- 53:57According to Bureau of Labor Statistics data, that amount stretches
- 54:01about as far as four hundred and eighty thousand dollars
- 54:03did thirty years ago. Next in this item is a
- 54:07graph entitled a million dollars buy half of what it
- 54:11did thirty years ago. If you have one million dollars
- 54:14in cash since nineteen ninety six, its buying power would
- 54:18have fallen to about four hundred and eighty thousand dollars.
- 54:22The graph shows buying power in nineteen ninety six dollars,
- 54:26with a fairly steady decline from one million dollars in
- 54:29nineteen ninety six to four hundred and eighty thousand dollars
- 54:32in twenty twenty five source bails and similar price index.
- 54:37Or put another way, two point one million dollars today
- 54:41is equivalent to what one million dollars was about thirty
- 54:44years ago, which helps explain why there are so many
- 54:47more millionaires than there were a generation or two ago.
- 54:51Even with the rising lengths of millionaires, it's a milestone
- 54:54that remains frustrating out of reach for most. Average wealth
- 54:59is pulled upwards significantly because the top ten percent hold
- 55:03two thirds of total household well and are worth an
- 55:06average of eight point one million dollars. The bottom half
- 55:10of households measured by wealth hold just two point five
- 55:14percent of the total and are worth sixty thousand dollars
- 55:17on average. The gap between the wealthiest Americans and everyone
- 55:21else has widened since the pandemic, as high income families
- 55:26reap the benefits of rising home values for loooning stock
- 55:29prices and outsize income gains. Lower and middle income Americans,
- 55:35by comparison, are increasingly struggling under the weight of rising
- 55:39costs and are falling behind on utility bills, car loans,
- 55:43credit card payments, and even the cost of filling up
- 55:46at the gas station. In interviews with nearly a dozen
- 55:49recently minted millionaires, not a single one said they felt
- 55:53wealthy in today's economy. Most said they felt financially stable
- 55:57and prepared for an emergency a job, say, or unexpected
- 56:01medical costs, but none said it felt like the kind
- 56:04of money that would allow them to live lavishly or
- 56:07retire early. Instead, they said they quietly marked the occasions
- 56:12by going out for ice cream or booking a weekend trip,
- 56:16then carried on for their everyday jobs and lives. The
- 56:19only thing that's different now is I buy organic strawberries
- 56:23every time I go to the Store. One millionaire in
- 56:26California said, for American millionaires, the truth of the achievement
- 56:30is less about cash and more about amassing assets that
- 56:35bump up their overall at worth. Only about four to
- 56:38six percent of millionaire's wealth is readily available as cash,
- 56:42According to data from the Survey of Consumer Finances, much
- 56:47of the nation's house of wealth sits in retirement accounts,
- 56:50and that share has grown dramatically. In nineteen eighty nine,
- 56:54retirement made up just seven percent of millionaire wealth. By
- 56:57twenty twenty two, that share had more tripled. Recent jumps
- 57:02in the stock market have padded americans retirement portfolios, creating
- 57:06a new crop of US millionaires. But economist stress that
- 57:09the financial structure of retirement has changed in the past
- 57:13couple of generations. Employee pensions that used to guarantee a
- 57:17certain amount of money every year have largely been replaced
- 57:20by four oh one ks and other plans that have
- 57:23put pressure on people to independently save and invest more
- 57:27their own money for retirement. As a result, Americans are
- 57:31increasingly on the hook for funding their own retirements. Keith Messinger,
- 57:36a retired civil engineer in Lexington, Kentucky, and his wife,
- 57:40a former teacher, recently became millionaires after twenty five years
- 57:44of aggressively putting money toward their retirement account. It was
- 57:47a bumpy road to get there, Messinger said, especially after
- 57:51he depleted his funds a few times to cover routine expenses.
- 57:55I looked up at forty two, and I've got zero
- 57:58dollars in my retirement plant, he called Messinger. Now sixty eight,
- 58:02I said, well, the million dollar both a sale that's
- 58:06no longer reachable. Still, he decided to invest heavily in
- 58:10the shares of his employee owned company. Messinger had calculated
- 58:14he'd denned up with a net worth of five hundred
- 58:16thousand dollars by the time he retired, but the recent
- 58:19run up in the stock market, which double the savings
- 58:22in five years, has helped him reach his original goal.
- 58:27Due to the constraints of time, we will be unable
- 58:29to complete this side on. This concludes reading of the
- 58:32Washington Post for to Day, Tuesday, April fourteenth, twenty twenty six.
- 58:37Your reader for to Day has been Cindy Fraser. If
- 58:40you have any questions, comments, or suggestions concerning this program,
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- 58:46four two two six three million zero. Thank you for listening,
- 58:51experts say