First Pass

17 stories from 7 sources

Trump’s wars, trades, and alliances create mounting political exposure

Day’s Recap

Supporting Articles

Political scientist Stephen Walt argues that Trump’s Iran war has exposed the limits of his foreign policy. He says policies intended to strengthen the United States are instead weakening it.

2:15 PMAl Jazeera

House Speaker Mike Johnson says Republicans can still win the midterm elections despite the Iran war. He also acknowledges that ending the conflict before November would improve the party’s position.

1:53 PMAl Jazeera

President Donald Trump's financial disclosure reports more than 1,000 stock trades in June, involving millions of dollars in purchases and sales across numerous companies. The filing also records more than 21,000 trades in 2025, while the White House says the investments are managed independently.

11:45 PMEconomic Times

Donald Trump disclosed more than 1,000 financial transactions in June, with reported values ranging from $78.1 million to $263.1 million. The filings show him selling Vanguard ETF holdings and buying shares in Berkshire Hathaway, Visa, Mastercard, and defense companies.

1:53 AMEconomic Times

Jared Kushner, who has acted as a Trump administration envoy in talks with foreign adversaries, is now communicating with the House Democratic leader before the midterm elections. The outreach suggests the White House is preparing for the possibility that Democrats regain control of the House.

4:50 PMFortune

Trade talks between the United States and Canada have collapsed, raising the prospect of higher prices for Americans months before the midterm elections.

1:28 PMFinancial Times

Other Developments

A curated list of other prominent stories from this day.

Joshua Aviles, a sailor serving aboard the USS Abraham Lincoln, said his father was caught up in the Trump administration’s immigration crackdown. He described struggling to continue his demanding military duties while worrying that his father could be treated as a criminal.

4:39 PMFortune

A judge ruled that Trump's financial records can be examined in his defamation lawsuit against the BBC. Efforts to subpoena Ivanka Trump and Jared Kushner were complicated after Secret Service agents turned court servers away.

10:51 AMFortune

Nancy Kassebaum Baker, a former Kansas political figure and the daughter of a governor, has died at 94. She became one of the few Republicans to call for Trump's impeachment despite avoiding the political spotlight.

10:48 AMFortune

Elon Musk argues that even confiscating the wealth of the nation's billionaires would not eliminate the roughly $40 trillion national debt. Bernie Sanders counters that a 5% tax on billionaire wealth could still return about $3,000 to each person.

9:23 AMFortune

California gubernatorial candidate Xavier Becerra helped oversee a historically low uninsured rate as U.S. health secretary. He now faces voters as Trump administration policies have pushed some people off health insurance.

8:50 AMNPR Politics

President Trump has again nominated Cameron Hamilton to serve as FEMA administrator. The appointment raises questions about whether the administration is reconsidering its stance toward an agency it has repeatedly criticized.

8:25 AMNPR Politics

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