House Republicans Prepare For Debt Ceiling Showdown

“Some large hedge funds and money managers, sensing a potential shift in momentum, are getting behind trades that could pay out if Donald Trump beats Kamala Harris in the presidential election,” the Wall Street Journal reports. “While most polling still shows a tight race, that shift has rippled across markets in recent weeks, boosting assets seen as likely to benefit from a Republican victory.”

“Donald Trump is expected to record an interview with podcasting behemoth Joe Rogan on Friday,” Politico reports. “Rogan, who has more than 14 million followers on Spotify, has long occupied the top positions in national podcast ratings, and Trump’s appearance on his show continues the campaign’s push to win young male voters.”

A federal judge on Tuesday ordered Rudy Giuliani “to turn over all his valuable possessions and his Manhattan penthouse apartment to the control of Ruby Freeman and Shaye Moss, the Georgia election workers he defamed and to whom he now owes $150 million,” CNN reports. “Judge Lewis Liman of the federal court in Manhattan said Giuliani must turn over his interest in the property to the women in seven days, to a receivership they will control.

Reuters: “The Democratic National Committee estimates that 1.6 million U. S. voters abroad are eligible to vote in one of the seven battleground states: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin — that will likely determine the outcome of the election.” “The group is believed to favor Democrats. Among people who used Vote From Abroad, a nonpartisan voter support tool linked to the DNC, three-quarters of overseas voters in the 2020 election said they were Democrats.” “So for the first time in a presidential election the DNC has given Democrats Abroad funding – around $300,000 – to help register Americans overseas to vote and ramp up its mail-in voting operations and other efforts.”

“House Republicans are gearing up for an intra-party war early next year over the ability to defenestrate a speaker. While the majority of Republicans despise the tool, which has single-handedly caused repeated chaos this Congress, a number of conservatives are prepared to fight to keep it,” Politico reports. “Speaker Mike Johnson and other leadership allies have openly signaled that they want to raise the number of members required to force a vote on deposing a speaker; currently, a single lawmaker can call for a referendum.” “But that fight is inextricably tied to Johnson’s ambitions to remain speaker — the members who want to see the rule to remain as it is are some of the same ones who haven’t committed to supporting his bid for the gavel, and they’re not afraid to leverage that power.”

CNN: “In the past two years, Trump has called for every major American TV news network to be punished, according to a CNN review of his speeches and social media posts.” “He has imprecisely but repeatedly invoked the government’s licensing of broadcast TV airwaves and has said on at least 15 occasions that certain licenses should be revoked.