Ross sees U.S.-China trade deal eventually: Commerce Secretary Wilbur Ross said on Tuesday that he believes the U.S. and China ultimately will reach a trade deal, though he also advised investors to be patient.
“Eventually, this will end in negotiation,” Ross said in a CNBC interview. “Even shooting wars end in negotiations.”
Ross warned that trade deals are not made at summits, saying any talks between President Donald Trump and Chinese counterpart Xi Jinping at the upcoming G-20 summit would only lay the groundwork for an agreement. He also said people should “judge this administration by results,” rather than “by interim sound bites.”
Ocasio-Cortez defends raising Congressional pay: New York Democratic Rep. Alexandria Ocasio-Cortez is speaking in favor of raising the pay of U.S. lawmakers, as her party’s leaders in the House stop an effort to increase congressional pay following opposition.
“It’s not even like a raise,” the influential congresswoman said, according to a Fox News report. She called opposition to increasing pay “superficial,” adding that the issue has to do with keeping lawmakers from flocking to lobbying jobs. “This is why there’s so much pressure to turn to lobbying firms and to cash in on member service after people leave, because precisely of this issue,” she said.
House Democrats on Monday evening abruptly halted the push to raise pay for the first time since 2009, saying the proposal for a $4,500 hike would be reviewed carefully after several freshmen Democrats made efforts to block it, according to the report. Members of Congress generally make $174,000 per year, with senior leaders earning more.
Biden to dub Trump an existential threat: Former Vice President Joe Biden plans to call out Trump as an “existential threat” to the country, says a CBS News report citing his prepared remarks for a Tuesday speech.
The sharp words from the front-runner for the 2020 Democratic presidential nomination are expected to come as he and Trump travel throughout Iowa Tuesday trying to galvanize their supporters, the report added.
Pence backs banning pride flags at embassies: Vice President Mike Pence has said it was “the right decision” for the Trump administration to prohibit U.S. embassies from flying the rainbow pride flag on their flagpoles during LGBTQ Pride Month.
“When it comes to the American flagpole, and American embassies, and capitals around the world, one American flag flies,” he told NBC News. When pressed about what he would say to those who feel the move runs counter to Trump celebrating Pride Month in a tweet, Pence said: “As the president said on the night we were elected, we’re proud to be able to serve every American.”