The Daily Signal - Trump Threats “Too Late Powell” With Lawsuit, Biden’s Got No Sea Legs & DOJ Target’s DC College Over Antisemitism | August 13

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Starting point is 00:00:25 We'd love to talk, business. President Donald Trump threatens Federal Reserve Chairman Jerome Powell with a lawsuit as inflation held steady in July. New documents reveal that the Biden administration canceled a tour of a ship in July of 2023 because it would have required former President Joe Biden to take too many steps. And the DOJ is taking immediate action against a D.C. university for its indifference towards anti-Semitism on campus. I'm Daily Signal Politics editor Bradley Devlin in for Tony Kinnett. The day is August 13th, 2025, and this is your top news in 10. Let's get into it. The war of words between President Donald Trump and Chairman of the Federal Reserve Jerome Powell

Starting point is 00:01:16 intensified majorly on Tuesday. The president took to Truth Social to say the following. Jerome, too late Powell must now lower the rate. Steve Manowichin, I don't know what that's supposed to mean, really gave me a beauty when he pushed this loser. The damage he has done by always being too late is incalculable. Fortunately, the economy is so good that we've blown through Powell and the complacent board.

Starting point is 00:01:46 I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible and grossly incompetent job he has done in managing the construction of the Fed buildings. $3 billion for a job that should have been a $50 million fix up. Not good. Trump has been warring with Powell throughout the first six months of his administration, demanding that the Fed should drop interest rates. The tension between the two is on full display in late July when Trump toured the ongoing

Starting point is 00:02:15 renovations of the two historic buildings in D.C. that make the Central Banks headquarters. During the visit, Trump expressed his disappointment that the renovation project was hundreds of millions of dollars over budget, which Powell denied. When Trump produced a document that showed the cost was over $3 billion, and not the $2.5 billion, dollars expected, Powell claimed that was because the president had included costs for a third building that was finished a few years back. The renovations Trump toured with Powell in late July are the same renovations Trump threatened suing Powell over in the Tuesday Truth Social Post. Trump nominated Powell to serve as the Federal Reserve Chair during his first administration in

Starting point is 00:02:55 November of 2017. Powell replaced Janet Yellen, who went on to be former President Joe Biden's Treasury Secretary. When Powell was tapped for the position, the left claimed Trump was politicizing the Fed and shows Powell to do his bidding. However, Powell did not lower rates, but increased them after his confirmation, and this started the chain of criticism from Trump against Powell, and clearly that criticism has not abated. Meanwhile, new economic data from the Labor Department shows that year-over-year inflation held steady in July. The Wall Street Journal reports that consumer prices were up 2.7% in July from a year earlier, unchanged from June's gain of 2.7% and below the 2.8% rise expected.

Starting point is 00:03:39 However, other inflation indicators that exclude energy and groceries show prices are up over 3% from the year prior, which has led some experts to say an interest rate cut in September is very much on the table. On Thursday, Fox News Digital reported that it had obtained documents via a Freedom of Information Act inquiry, or FOIA, for short, that revealed the Biden administration, canceled plans to tour a United States Maritime Administration ship in July of 2023 because it would have required Biden to take too many steps. The documents obtained by Fox originated with a FOIA submitted by Protect the Public's Trust, a nonpartisan government watchdog. The documents show that

Starting point is 00:04:21 the United States Maritime Administration ship Biden was originally planning to tour was a national security multi-mission vessel, or NSMV, for short, located at a shipyard in Philadelphia. In one of the emails obtained via FOIA, a United States Maritime Administration official emailed, quote, no visit to the NSMV vessel is planned after the WH White House realized how many steps were involved to get it on the ship. True, lots of steps on grading. An unnamed Biden official slammed the report. It is, quote, ironic that an organization called Protect the Public Trust is more interested in how many steps the former president took than the current president's cost-raising agenda

Starting point is 00:05:09 and close relationship with Jeffrey Epstein. The group is presenting a deceptive story with this don't look at Epstein bait based on a single email with no context and they know it. The Biden administration was already facing several questions about Biden's mental and physical capacities to perform the duties of the presidency when this visit was canceled in July of 2023. A year later, Biden would drop out of the presidential race after a disastrous debate performance against Trump in July of 2024. Now, Republicans in Congress are investigating whether or not Biden was capable of performing his presidential duties and if the president

Starting point is 00:05:46 was being circumvented in signing essential presidential documents through the use of an The Trump administration's efforts to bring universities into compliance with federal civil rights law continues apace. On Tuesday, the Department of Justice issued a warning to George Washington University located in the heart of Washington, D.C., that claimed the university is in violation of federal civil rights law through their deliberate indifference to anti-Semitism. The letter from the DOJ to George Washington University claimed that GW took no meaningful action to combat anti-Semitism, despite Jewish students feeling intimidated because of pro-Palestine anti-Israel protests and encampments on the campus grounds. Now, the DOJ will look for immediate remediation with the university.

Starting point is 00:06:36 Assistant Attorney General Hermit Dillon of the Justice Department's Civil Rights Division said the following about the DOJ's moves against GW. you. Every student has the right to equal educational opportunities without fear of harassment or abuse. No one is above the law. And universities that promulgate anti-Semitic discrimination will face legal consequences. That is your top news in 10 for August 13th, 2025. This is Bradley Devlin politics editor for The Daily Signal, signing off, and we will see you again tomorrow.

The Daily Signal - Trump Threats “Too Late Powell” With Lawsuit, Biden’s Got No Sea Legs & DOJ Target’s DC College Over Antisemitism | August 13

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