memeorandum: Fed's Yellen warns: Don't forget lessons of financial crisis (Victoria Guida/Politico)

11:40 AM ET, August 25, 2017

Top Items:

Gary Cohn, Trump's Adviser, Said to Have Drafted Resignation Letter After Charlottesville — WASHINGTON — A prominent Jewish member of President Trump's administration said that the White House “can and must do better” in consistently condemning hate groups.

Discussion: Hot Air, Political Wire, Business Insider, Jewish Telegraphic Agency, Talking Points Memo, IJR and Mediaite

Financial Times:

Gary Cohn urges Trump team to do more to condemn neo-Nazis — Gary Cohn, the top White House economic official, said the Trump administration “must do better” in condemning neo-Nazis and white supremacists following the violent protests in Charlottesville this month that sparked …

Discussion: ThinkProgress, Politico, CNN, The Guardian, CNBC, The Week and Mediaite

Financial Times:

Transcript: Gary Cohn on tax reform and Charlottesville — This is an edited transcript of an interview with Gary Cohn, chief economic adviser to President Donald Trump, conducted on August 24 2017. — FINANCIAL TIMES: What is happening with tax reform? — GARY COHN: We are completely engaged in tax reform.

Discussion: Mother Jones, VICE News, Business Insider, The Daily Caller, Joe.My.God. and Political Wire

Damian Paletta / Washington Post:

Yellen rejects Trump approach to Wall Street regulation, says post-crisis banking rules make economy safer — Jackson Hole, Wyo. — Federal Reserve Chairwoman Janet L. Yellen offered a forceful defense of broad new banking regulations enacted after the 2008 financial crisis …

Discussion: Axios and New York Times

Politico:

White House moves goalposts on tax reform — GARY COHN SPEAKS TO THE FT — A FEW INTERESTING NUGGETS YOU SHOULD READ ... — THE WHITE HOUSE IS MOVING THE GOALPOSTS ON TAX REFORM ... AGAIN: Cohn now says he believes tax reform will be done by the end of 2017.

Discussion: Financial Times, Axios and Political Wire

Victoria Guida / Politico:

Fed's Yellen warns: Don't forget lessons of financial crisis — Her remarks are implicitly a pitch of how she would lead the central bank if President Donald Trump chose to keep her at the helm of the Fed. — Federal Reserve Chair Janet Yellen on Friday expressed openness to easing …

Discussion: Political Wire

Aaron Blake / Washington Post:
Trump's top economic adviser just delivered an unprecedented rebuke of his boss over Charlottesville

Discussion: Daily Kos and The Week

Jonathan Swan / Axios:
Gary Cohn criticizes Trump's Charlottesville response

Discussion: New York Magazine and The Daily Caller

Peter Jacobs / Business Insider:
Gary Cohn speaks out: Trump ‘must do better’ in condemning neo-Nazis and white supremacists after Charlottesville

Discussion: The Gateway Pundit

Wall Street Journal:

Trump Divorces the GOP Congress — Republicans need to think of Trump as a political independent. — Senate Majority Leader Mitch McConnell, President Donald Trump and Speaker of the House Paul Ryan. — A biographer says Donald Trump once told him that he informed second wife Marla Maples …

Discussion: Raw Story

Carl Hulse / New York Times:
Trump Fences Himself In With Border Wall Spending Threat

Discussion: Politico, The Resurgent and The Week

Bryce Covert / New York Times: Republicans Learn to Love Debt

Rachael Bade / Politico:
Ryan faces diciest stretch of his speakership

Discussion: Washington Post

Washington Post:
Trump distances himself from GOP lawmakers to avoid blame if agenda stalls

Discussion: Talking Points Memo, Politico, Bloomberg, New York Magazine, The Week and Political Wire

Andrew Degrandpre / Washington Post:

From space, ‘astounding’ Hurricane Harvey looks like it's about to swallow all of Texas — A brief-but-haunting video released by NASA on Thursday night shows Hurricane Harvey's powerful churn toward Central Texas, where the slow-moving storm is expected to throttle coastal communities with high winds and up to 25 inches of rain.

Discussion: Gizmodo, New Republic, Politicus USA, Daily Kos and robertscribbler

Jeremy Diamond / CNN:
The natural disaster test: Trump braces for Hurricane Harvey

Discussion: Daily Kos, Washington Post, Mother Jones, Bloomberg, The Week, Daily Wire, AOL, Business Insider and Gizmodo

Alan Blinder / New York Times:
Live: Hurricane Lurking in the Gulf Takes Aim at Texas

Discussion: JustOneMinute, Grist and CBS Dallas

Houston Chronicle:
Hurricane Harvey intensifies into Category 2 hurricane, zeroes in on Texas Coast

Discussion: The Week

CNN:
Outer bands of Hurricane Harvey swipe Texas as more residents flee

Discussion: Associated Press, The Daily Caller, FOX6Now.com, Joe.My.God., The Week, myfox8.com and FOX40

Julián Aguilar / The Texas Tribune:
Border Patrol says Texas checkpoints to remain open during Hurricane Harvey

Discussion: Shakesville, Shareblue, Raw Story, Splinter and CNN

Greg Miller / Washington Post:

At CIA, a watchful eye on Mike Pompeo, the president's ardent ally — As CIA director, Mike Pompeo has taken a special interest in an agency unit that is closely tied to the investigation into possible collusion between Russia and the Trump campaign, requiring the Counterintelligence Mission Center to report directly to him.

Discussion: Talking Points Memo, Political Wire, Raw Story and VICE

Washington Post:

Mnuchin viewed eclipse from roof of Fort Knox — Louise Linton, wife of U.S. Treasury Secretary Steven Mnuchin, drew accusations of elitism this week for an Instagram glamour shot of her stepping off a government jet — and for her mockery of an online critic as “adorably out of touch.”

Discussion: ThinkProgress, Axios, Talking Points Memo, CNN, Real Stories, AOL, Business Insider, Splinter and Balloon Juice

John C. Danforth / Washington Post:

The real reason Trump is not a Republican … John C. Danforth was a Republican U.S. senator from Missouri from 1976 to 1995. — Many have said that President Trump isn't a Republican. They are correct, but for a reason more fundamental than those usually given.

Discussion: Shareblue, ABC News, Raw Story, Just Security, Shakesville and Mediaite

Mike Allen / Axios:

Kasich, Hickenlooper eye joint 2020 bid — Ohio Gov. John Kasich (R) and Colorado Gov. John Hickenlooper (D) — “the Johns,” as insiders are calling them — have been making a flurry of joint appearances to talk about state-driven improvements to health care.

Discussion: Cincinnati.com, The Hill, Mediaite, The Daily Caller and Political Wire

Washington Post:

Interior secretary recommends Trump alter at least three national monuments, including Bears Ears … Interior Secretary Ryan Zinke recommended Thursday that President Trump alter at least three national monuments established by his immediate predecessors, including two in Utah …

Discussion: Associated Press, Axios, VICE News, New York Times, The Nevada Independent, New York Magazine and Washington Monthly

BuzzFeed:

Pro-Trump Media Bristles As John Kelly Limits What Gets To The President's Desk — The new White House chief of staff is on an info war, peeving some on the far right. — Pro-Trump media personalities and websites are worried they may be losing a dear reader: President Trump.

Discussion: Mediaite, Gizmodo, Little Green Footballs, New York Times, Business Insider and Infowars

The Hill:

Franken seen as reluctant 2020 candidate — say they believe the Minnesota senator could be talked into running for the White House if he believes he's the Democrat best positioned to defeat President Trump. — But they say Franken would need to be convinced, and argue that the former …

Discussion: Political Wire and The Daily Caller

Sarah Lyall / New York Times:

Spies Like Us: A Conversation With John le Carré and Ben Macintyre — BRISTOL, England — Their subject is spying. Their obsessions are secrecy and betrayal. They are Englishmen of a certain background, old friends and admirers of each other's work. One writes novels; the other, nonfiction.

Discussion: The Week

Margaret Talev / Bloomberg:

Trump Plans Missouri Trip to Launch Tax Overhaul Push — President not expected to detail his own plan, official says — An increasingly Republican state where Democrats face fight — President Donald Trump will kick off a campaign to overhaul U.S. tax policy next week with a visit to Missouri …

Discussion: Washington Free Beacon, The Gateway Pundit and FOX2now.com

Hadley Freeman / The Guardian:

James Cameron: 'The downside of being attracted to independent women is that they don't need you' — As the 3D version of Terminator 2 hits screens, he talks about how he will never reproduce the shock of the original film - and how he has learned to be nice on set

Discussion: EW.com, Daily Wire, Associated Press, AOL, IndieWire, IJR, Consequence of Sound, Mediaite, ABC News, Mashable and The Last Tradition

Seth Mandel / New York Post:

The obscene effort to shame 'Trump's Jews' — Allow me a moment of pride: The hot new criticism of my fellow Jews is that we don't complain enough. — SEE ALSO — Really. A host of pundits, concerned about President Trump's baffling unwillingness to single out neo-Nazis for criticism …

Discussion: New York Times

Rebecca Shapiro / HuffPost:

Trump Staffer Responsible For Finding Positive News Stories Resigns — As director of rapid response, Andy Hemming was tasked with recirculating positive news to journalists. — President Donald Trump's administration parted ways with yet another staffer this week.

Discussion: CNN and Politico

Frank Bruni / New York Times:

The Worst (and Best) Places to Be Gay in America … Dennis Williams with his son, Elan, considers his neighborhood in Brooklyn a welcoming haven for gay parents like him. — All my life I've loved Texas: those big skies, big steaks and big attitudes. I'm there several times a year.

Discussion: The Resurgent

Callum Borchers / Washington Post:

Is Sean Hannity's endorsement a kiss of death? — Kelli Ward was so excited to receive Sean Hannity's endorsement that upon learning of it on Wednesday, she reportedly interrupted a radio interview to announce the news to a crowd gathered for a campaign event in Sun Lakes, Ariz.

Discussion: Weekly Standard and RedState

Diamond Naga Siu / Politico:

Flake: Trump's border wall plan is ‘out there’ — Sen. Jeff Flake is throwing punches back at President Donald Trump, this time bashing his proposal for a massive wall along the U.S.-Mexico border. — “This notion of a 2,000-mile wall has always been just — for anybody who spends time on the border …

Discussion: ABC News and The Week

Kaila White / Arizona Republic:

Photos: President Trump holds Arizona rally, August 2017 … It started with a comment on Facebook for people looking to protest President Donald Trump's rally Tuesday in downtown Phoenix. — Among many posts about where to meet up and what to bring to the “Protest Trump Downtown Phoenix” …

Discussion: Raw Story and The Root