Today’s edition of quick hits:
* I don’t remember him previously saying this so explicitly: “President Donald Trump on Wednesday said he wanted a two-state solution to resolve the Israeli-Palestinian conflict, the clearest expression yet of his administration’s support for such an outcome.”
* Trade war: “Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor Co about $1 billion in profits, its chief executive officer said on Wednesday, while Honda Motor Co said higher steel prices have brought ‘hundreds of millions of dollars’ in new costs.”
* Jerome Powell continues to ignore Trump: “The Federal Reserve approved its third rate increase this year, hiking the short-term interest rate on Wednesday to a range of 2 to 2.25 percent. The move indicates that the nation’s central bank may soon be able to take a back seat for the first time since the 2008 financial crisis and allow the economy to steer itself.”
* House Republicans “have initiated the process to issue a subpoena to the Justice Department for memos drafted by former FBI Deputy Director Andrew McCabe, according to a Judiciary Committee source.”
* Trump’s deal-making skills are faltering: “The Trump administration appears virtually certain to miss its self-imposed weekend deadline for reaching an agreement with Canada on a new North American trade deal, according to U.S. officials and people close to the talks.”
* Trump’s HHS announced it is “terminating a contract that Advanced Bioscience Resources Inc. had with the Food and Drug Administration for supplying fetal tissue for research purposes.”








