What do Trump's immigration policies mean for the job market? They're taking a toll labor supply, but also on demand. Great on-the-ground look from @lydiadepillis.bsky.social in Florida: https://t.co/e0xV483uu8

We have a new @The_Budget_Lab report out today looking at the short-run effects of tariffs so far. Basically, we asked the questions, "What do we see in actual data to date, and how does it compare to our priors." In brief... 1/13

#WashingtonToday LIVE 5p ⭕ 20th Anniv of Hurricane Katrina hitting Gulf Coast ⭕ Pres. Trump cuts $4.9B in foreign aid by 'pocket rescission' bypassing Cong. vote ⭕ Transp Dept cuts nearly $700M for wind energy projects ☎️ @PeterJEavis @nytimes on repeal of tariff exemption

The number of purchases by American shoppers on Shein fell 12% in July, but shoppers spent 23% more, indicating that Shein lifted prices in response to the tariffs. (Data from Consumer Edge.) The piece: https://t.co/hlkgocy98k

De minimis is no more but Americans have not abandoned Shein, a big beneficiary of the loophole. Trump ended de minimis for shipments from China in May. Shein's dollar sales plunged initially, as tariffs began to apply, but then they recovered. They rose 9% in July. How?

Here's the story (free link): https://t.co/aIQYie2gtL

The truck makers say Mr. Trump ‘s action have undermined the pact. But those who were at the agency what forged the deal say, no, the deal was built to withstand Washington’s onslaught on California. “This is very much what it is for,” said one lawyer who worked for the state.

This year, Congress and President Trump took away the waivers for the truck rules, removing California’s authority.

In the deal, the truck makers said they’d follow the rules even if they were litigated -- and if California lost the authority to impose them.

California got waivers for the truck rules, and then took an extra step to protect them…the deal, known as the Clean Truck Partnership. The state wanted the deal in part because it had watched the first Trump admin go after environmental laws.

Well, many of California’s clean air rules are stricter than in the rest of the U.S. Over the years, the state has gotten many waivers from the federal government to have stricter anti-pollution regulations.

Two years ago, big truck makers like Daimler and Volvo signed a deal with California, saying they’d obey the state’s clean air rules. But why was the deal even needed? Aren’t companies just obliged to follow regulations?

I interviewed top execs at Union Pacific and Norfolk Southern about their proposed merger. They lay out their hopes for the deal and respond to its critics...here: https://t.co/gDfyLfyJzb

Will be interesting when Ursula von der Leyen has to face voters for the deal...

piece now has this gorg map:

Robber baron George Jay Gould tried to create a coast-to-coat railroad but he was undone by the 1907 financial panic. Now, Union Pacific and Norfolk Southern want to have another try: https://t.co/9D9NZKtDIK

Several years ago, Camp Mystic underwent a $5 million construction project. But instead of using that project to move at-risk cabins to higher ground, the camp built new cabins inside the 100-year flood zone. 7/9 https://t.co/taKThzAvdO

Here's a fun thing that a top donor to Andrew Cuomo's super PAC just told me.

The big problem with beef isn’t cow farts. It’s land. Cows use 10x as much as poultry or pigs. Americans eat 3 burgers a week—cutting to 2 would save a Massachusetts worth of land every year–and avoid a lot of deforestation. #WeAreEatingTheEarth: https://t.co/oov2naqsdi

RIP Dear Rod. Battle buddy, war zone housemate, mentor, friend, colleague. Rod Nordland motivated by the helplessness of his boyhood, reported on the lives of vulnerable people in conflicts around the world and later his own terminal brain cancer. 🖤🙏 https://t.co/5v8KoYGO5z