Nancy Cook
@nancook
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Senior national political correspondent for Bloomberg News (@business). Covered Biden + Trump White Houses. ❤️ economic news. Tips to [email protected]
Washington D.C.
Joined March 2009
NEW: As Biden weighs a student debt decision, Penn Wharton Budget Model has released its analysis of student loan forgiveness, estimating it will cost bet. $300-$980 billion, w/majority of relief going toward borrowers in top 60% of earners. More on the @TheTerminal.
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Trump was not tested every day for Covid and we still don't know when his last negative test was via @maggieNYT, @anniekarni:
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Trump just referred to House Intelligence Chairman @RepAdamSchiff as a "political hack who's trying to build a name for himself," per WH pooler, in a move that Trump said amounts to "presidential harassment.” Trump is speaking from a ceremony for the new head of the World Bank.
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West Virginia Democrat Joe Manchin said he does not support Biden's infrastructure bill as written. He does not support a 28% corporate tax rate and says that 25% is more appropriate, reports @elwasson. Manchin was appearing on the WVMetroNews' program, "Talkline.".
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"The videos again raised questions about the health of Mr. Trump, whose advisers have never fully explained his abrupt visit to Walter Reed National Military Medical Center in November." via @maggieNYT .
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BREAKING NEWS via @meridithmcgraw, @nahaltoosi: The State Dept. IG has been fired, the latest in a slew of watchdog firings by the Trump administration:
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White House press secretary Karine Jeanne-Pierre on Nov. 18: "They have decided to make this wedding private. It is a family event. It is -- and we are going to respect Naomi and Peter's wishes.".
For Vogue's special digital cover, Naomi Biden, the eldest granddaughter of President Biden and First Lady Dr. Jill Biden, opens up about planning a White House wedding, and the details—no matter how small—that made it a spectacular family affair.
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White House is considering extending its pause on student loan repayment, set to begin again on Jan 1, confirming @JStein_WaPo's reporting. There is no consensus on length of possible extension BUT Dems would love to see it happen before the Dec. 6 Georgia Senate runoff.
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NEWS: Senate Finance chair Ron Wyden will propose a 21% surtax on oil company profits considered excessive -- as Biden increasingly goes after oil companies like Exxon and WH aides consider a windfall tax, among other ideas, as a way to curb inflation. Story @TheTerminal now.
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BREAKING: The White House is planning to extend its pause on student loan repayment until June 30 or 60 days after a final disposition of the litigation, whichever is sooner, according to two ppl familiar with the plans. Announcement could come today- Story on @TheTerminal.
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NEW: With few to none GOP votes for Covid bill, Biden WH has been trying to build support outside of D.C. w/governors, mayors, tribal leaders and voters in key political states. Leaning on grassroots support will be a "fixture" of this WH w/@justinsink:
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He was a Mattis hand-picked guy and so begins the exodus of those staffers -->.
JUST IN: Rear Adm. Kevin Sweeney, USN (Ret.), has stepped down as chief of staff to the secretary of Defense. "After two years in the Pentagon, I've decided the time is right to return to the private sector." - @HansNichols.
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Good for the @washingtonpost for sticking by @seungminkim and highlighting some of the vile bullying POC and female reporters often receive online --.
Latest statement from Washington Post National Editor @stevenjay on the harassment of reporter Seung Min Kim
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Joint Base Andrews is still on lock down but all of the Cabinet members who traveled with VP today got off base safely. Waiting on official statements about what is going on there.
I have no information other than this, but I am told JBA is on lockdown right now due to reports of an active shooter. Another reporter and I are in a shuttle van that is being held due to situation. The VP had already left base on Marine 2.
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Switching venues for POTUS may not help if policy not fixed, critics say. “When there is some intractable problem, everyone decides it is a communications problem, but 99 percent of the time, it is not,” said Joe Lockhart. “The problem is they have not taken testing seriously.".
NEW: Hope Hicks initially helped Trump focus on the pandemic and not just delegate the response to the VP or Azar. Now that WH briefings have gone bust, she must help WH find a new message/venue for him to explain the corona response w/@meridithmcgraw:
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NEW: “It’s like an episode of ‘Maury,’” one former Trump aide observed to POLITICO as the spectacle unfolded. “The only thing that’s missing is a paternity test.” . Me + @ccadelago on the last 12 hours in the WH:
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Fighting voter fraud has been a Republican rallying cry for years. But the GOP now finds one of its own candidates at the center of the biggest alleged election fraud in recent memory. via @ec_schneider:
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Some of the news:.-- Trump said he would allow Powell to finish his term as Fed Chair if re-elected.-- No more TikTok ban.-- Cool to the idea of the US protecting Taiwan.-- Would love to lower corporate tax rate to 15%.-- He'd consider Jamie Dimon as Treasury Secretary.
NEW: We went to Mar-a-Lago in late June to talk to former President Trump about taxes, tariffs, the Federal Reserve, pardons, Taiwan and who could be Treasury Secretary. Have at it —
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Purdue Pharma, maker of OxyContin, filed for bankruptcy Sunday night. Now focus shifts to "new wrangling over how potential proceeds will be divvied up by communities reeling under the burden of addiction and overdose deaths." via @PostRowland: .
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"Mr. Trump is the first to turn the garden into a well-manicured mosh pit. Rather than telling his guests to watch their manners, the president scored the slugfest like a referee.". Here is @MarkLandler, dropping the mic as he exits the White House beat:
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“He talks up his properties every chance he gets with anyone — with staff, with members of Congress, with the press, with the public, with foreign leaders, with anyone,” said a former White House official. “That’s what he has done." via @anitakumar01:
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Good summary of Jay Powell's speech here by @NickTimiraos. Monetary policy can only do so much amid the uncertainty surrounding the WH's trade policy, Powell says, in his highly anticipated speech.
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NEW: Hope Hicks initially helped Trump focus on the pandemic and not just delegate the response to the VP or Azar. Now that WH briefings have gone bust, she must help WH find a new message/venue for him to explain the corona response w/@meridithmcgraw:
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Workplaces + bosses do not seem to realize this fact. Until schools + daycares + camps open 5 days a week for the full hours, parents cannot return to the offices for 40 hours a week.
The economy is recovering, but mothers of young children still aren't returning to the workforce. Why not? Because so many schools are daycare centers still aren't really open. They're open only some hours, some days or some weeks. 🧵
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“It’s just an unbelievable swing. He basically tripled Clinton’s numbers with white evangelicals,” said Michael Wear, a former faith adviser in the Obama administration. Read @GabbyOrr_ on how Trump's loss of religious voters hurt him:
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Good job on the q's, WH poolers, @JonLemire, @alexalper and others. Thanks for being there for all of us and pressing the docs for clear information.
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SCOOP: WH aides eyeing an an evaluation of the CDC to chart its missteps on coronavirus. Also thinking of putting more political appointees at agency and shrinking its mission, as Trump ppl look for a Covid-19 scapegoat w/@adamcancryn:
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"One lesson of Biden’s winning presidential campaign, they say, is that there’s little incentive to engage with Trump, and that his penchant for spectacle is wearing thin with the American people." Read @justinsink on Biden camp's plan to ignore Trump:
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Nice tick tock of the Trump loss and Biden win from a nice group of WaPo folks @AshleyRParker, @jdawsey1, @mviser:
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NEW: One of Biden's top econ advisers from campaign (and his chief economist as VP) Ben Harris is slated to join Treasury as a senior adviser to Yellen w/@SalehaMohsin. Looks like Treasury will be the power center of econ activity in Biden admin:
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"We're not going to measure our progress by the stock market," the White House's @econjared just said on CNN.
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