Good morning. Here’s your Early Warning for Friday, 01 February 2019.
The President is scheduled to discuss human trafficking on the southern border, have lunch with Secretary Pompeo, and then spend the weekend in Mar-a-Lago.
14: The number of days that the Trump administration and the Congress have to reach a border wall funding agreement before a potential shutdown or national emergency declaration.
Secretary Pompeo is scheduled to give a statement to the press and then have lunch with President Trump.
Acting Defense Secretary Patrick Shanahan has no publicly scheduled events.
These are the last publicly reported locations of deployed carrier groups. Conflict requiring an aircraft carrier/carrier strike group does not appear imminent.
The Abraham Lincoln (CVN-72) is off the coast of Virginia for pre-deployment training. The Lincoln will rejoin the Indo-Pacific Command once it re-bases to San Diego, CA.
The John Stennis (CVN-74) was last reported as in the Indian Ocean.
The Ronald Reagan (CVN-76) is forward deployed to Yokosuka, Japan.
Significant House Activity:
- Nothing significant to report.
Significant Senate Activity:
- Nothing significant to report.
* Only events pertinent to national security are listed. Significant reporting will appear in this week’s Strategic and National Intelligence reports
According to a recent economic survey, fourth quarter GDP grew at a 2.6 percent annual rate, but first quarter 2019 projects are at 1.8 percent. “The economy is slowing but not enough to derail the expansion. The bad news is the straws on the camel’s back are really piling up and the back’s beginning to bend,” said the chief economist at Grant Thorton.
Far Left Daily
“I know that there are a lot of rumors… And I think we need to delve deeper into that and find out what is going on and whether or not money laundering has been involved and whether or not there are connections with the oligarchs of Russia. So, we think that in addition to what Mr. Mueller is doing and now what we are able to do with our subpoena power, we’ll find out more and we’ll be able to answer that question directly.” – Rep. Maxine Waters (D-CA) speaking on ongoing Trump investigations
“I want these billionaires to stop being freeloaders. I want them to pick up their fair share. That’s how we make a system that works not just for the rich and the powerful, but works for all of us… That is your obligation. That’s part of the social contract. That’s part of being a citizen of the United States of America.” – Sen. Elizabeth Warren (D-MA)
“All I’m asking for is a little slice from the tippy, tippy top. A slice that would raise… about $2.75 trillion over the next 10 years.” – Sen. Elizabeth Warren (D-MA)
“‘Everything stays on the table. You keep it all on the table. Don’t take anything off the table.” – Sen. Elizabeth Warren (D-MA) on removing the Senate’s supermajority requirement once the Democrats take back the majority
“The fairest way to reduce wealth inequality, invest in the disappearing middle class and preserve our democracy is to enact a progressive estate tax on the inherited wealth of multi-millionaires and billionaires… From a moral, economic and political perspective our nation will not thrive when so few have so much and so many have so little.” – Sen. Bernie Sanders (I-VT)
What I’m Looking at this Morning
“Although the U.S. government will remain solvent for the foreseeable future, it would be imprudent to allow the debt-to-GDP ratio to rise forever in an uncertain world. Trying to make this situation sustainable without adjusting fiscal policy or raising interest rates, as recommended by some advocates of modern monetary theory, is a recipe for hyperinflation.” – Jason Furman and Larry Summers, writing at Foreign Affairs [source]