Morning Wire

Newsom Campaigns for 2028 & Education Dept Downsizes | 7.16.25

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Jul 16, 2025
California Governor Gavin Newsom is gearing up for a presidential run in 2028, critiquing conservative policies while navigating economic challenges in his state. Recent economic data indicates a slight rise in inflation, raising concerns for consumers. In a controversial ruling, the Supreme Court allows massive layoffs at the Department of Education, sparking debates about federal control versus state authority. Meanwhile, notable educational improvements in states like Louisiana and Mississippi are shining a light on effective reforms, despite criticism of federal efforts.
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INSIGHT

Newsom's 2028 Run Strategy

  • Gavin Newsom is intensifying efforts toward a 2028 presidential run by engaging in red states like South Carolina.
  • He's moderating his views on healthcare and transgender issues to broaden appeal amid controversies like COVID lockdowns.
INSIGHT

Inflation Sees Minor Uptick

  • Inflation slightly increased to 2.7% last month, challenging earlier projections of consistent decline.
  • Despite slight rises in natural gas and beef prices, economists see this uptick as a minor blip, downplaying tariffs' impact.
ADVICE

Call to Cut Interest Rates

  • The Federal Reserve should consider lowering interest rates now that inflation is low.
  • This could stimulate economic growth, but Fed Chair Jerome Powell remains hesitant to act immediately.
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