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11:30 AM ET, April 5, 2025

memeorandum

 Top Items: 
Erica Pandey / Axios:
Tariffs bring overnight economic chaos  —  In one 48-minute speech, President Trump scrambled every American's budget, every U.S. company's balance sheet and every global alliance.  — Tariffs, a sometimes obscure economic tool, have massive power, especially when enacted this expansively.
RELATED:
CNBC:
Buffett denies social media rumors after Trump shares wild claim that investor backs president crashing market
Heather Cox Richardson / Letters from an American:
April 4, 2025  —  The stock market rout continued today.  As expected, China announced …
Discussion: New York Times and The Mahablog
Associated Press:   Trump goes all in with bet that the heavy price of tariffs will pay off for Americans
Associated Press:
US consumers rush to buy big-ticket items before Trump's tariffs kick in
Discussion: Associated Press and The Hill
Sam Meredith / CNBC:
China says ‘market has spoken’ after Trump tariffs spark global stocks rout
Discussion: Wausau
Associated Press:
China hit brakes on TikTok deal after Trump announced wide-ranging tariffs, AP source says
Aaron Blake / Washington Post:
A scary quote for the GOP on Trump and tariffs  —  What if Trump is willing to go down with the tariff ship — and take his party with him?  —  Just now  —  Perhaps the most infamous quote Sen. Lindsey Graham (R-South Carolina) ever offered about Donald Trump came in May 2016.
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New York Times:
Senate Approves G.O.P. Budget Plan After Overnight Vote-a-Thon  —  Republicans pushed through their blueprint for tax and spending cuts after Democrats forced them to cast politically painful votes into the early morning on every element of President Trump's agenda.
Meredith Lee Hill / Politico:
House Republican moves to rein in tariff powers  —  Nebraska Rep. Don Bacon said he plans to introduce a companion bill to the bipartisan Senate legislation aimed at reclaiming Congress' authority over tariffs, becoming the first House Republican to openly challenge the powers President Donald Trump …
Washington Post:
Obama calls on citizens, colleges and law firms to resist Trump agenda  —  In a campus speech, the former president said universities should be prepared to lose federal funds to defend academic freedom, rather than be “intimidated.”  —  Just now  —  Former president Barack Obama called …
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Vimal Patel / New York Times:
Obama Calls for Universities to Stand Up for Core Values  —  As the Trump administration threatens universities, the former president suggested schools shouldn't be intimidated.  But he also offered a critique of campus culture, saying it had too often shut out opposing voices.
Charisma Madarang / Rolling Stone:
Trump Admin Dismisses Judge's Order to Bring Back Man Accidentally Sent to El Salvador  —  “We suggest the judge contact President Bukele,” said White House Press Secretary Karoline Leavitt … “We suggest the judge contact President Bukele because we are unaware of the judge having jurisdiction …
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Steve Vladeck / One First:
138. Abrego Garcia, Constructive Custody, and Federal Judicial Power  —  Federal courts don't have jurisdiction over foreign prisons.  That doesn't mean that they're powerless when the U.S. government wrongly removes someone from the United States.  —  Welcome back to “One First,” an …
Discussion: New York Times
Lindsay Ellis / Wall Street Journal:
Big Law Firms Struck a Truce With Trump—and Set Off a Clash With Recruits  —  Law students at top schools reconsider offers at Skadden and other firms while associates cancel interviews in protest  —  Campus recruiting is the newest front in the Trump-induced turmoil at some of the country's most prominent law firms.
Discussion: The Guardian
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Ella Lee / The Hill:
Hundreds of law firms, former judges sign onto briefs in support of Perkins Coie  —  Hundreds of law firms and former judges have signed onto friend-of-the-court briefs in support of Perkins Coie as the law firm challenges President Trump's executive order targeting it.
Discussion: Business Insider and Reuters
Jacob Bogage / Washington Post:
DHS officials ask IRS to use tax data to locate up to 7 million immigrants  —  The agencies have still not reached an agreement on sharing information.  But immigration officials now say they're seeking records on millions of people suspected of being in the United States without authorization.
Jenny Kleeman / The Guardian:
I was a British tourist trying to leave America.  Then I was detained, shackled and sent to an immigration detention centre  —  Graphic artist Rebecca Burke was on the trip of a lifetime.  But as she tried to leave the US she was stopped, interrogated and branded an illegal alien by ICE.
John Ismay / New York Times:
These Are the 381 Books Removed From the Naval Academy Library  —  The office of Defense Secretary Pete Hegseth ordered the college to adhere to an executive order from President Trump banning educational material related to diversity, equity and inclusion topics.
Discussion: Daily Nous
RELATED:
Troy Closson / New York Times:
New York Warns Trump It Will Not Comply With Public School D.E.I. Order
Discussion: Chicago Tribune
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Shannon Osaka / Washington Post:
A stunning number of electric vehicle, battery factories are being canceled  —  Billions of dollars in clean energy projects have been canceled since Donald Trump took office again.  —  Just now  —  Over the past few years, electric vehicle manufacturing facilities producing lithium batteries …
Discussion: Electrek and Heatmap News
New York Times:
Video Shows Aid Workers Killed in Gaza Under Gunfire Barrage, With Ambulance Lights On  —  The U.N. has said Israel killed the workers.  The video appears to contradict Israel's version of events, which said the vehicles were “advancing suspiciously” without headlights or emergency signals.
Kevin Corinth / American Enterprise Institute:
President Trump's Tariff Formula Makes No Economic Sense.  It's Also Based on an Error.  —  President Trump on Wednesday announced tariffs on practically every foreign country (and some non-countries), ranging from a 10 percent minimum all the way up to 50 percent.
Adam Cancryn / Politico:
RFK Jr. said HHS would rehire thousands of fired workers.  That wasn't true.  —  The health department has no plan to mass reinstate employees it cut earlier this week.  —  When HHS Secretary Robert F. Kennedy Jr. said Thursday that he planned to rehire 20 percent of the employees he'd just terminated …
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Alan Elrod / Liberal Currents:
You're Not Crazy.  America Has Gone Mad  —  American politics has become so insane that being reasonable feels like a malady, and MAGA agrees. … This is an oft-quoted passage from Hannah Arendt's The Origins of Totalitarianism.  And it's one that has proven especially popular …
Associated Press:
Prosecutors seek 7 years in prison for disgraced former Rep. George Santos in federal fraud case  —  The 87-month sentence proposed by prosecutors is on the high end of court guidelines for such cases.  A sentencing hearing is scheduled for April 25.  —  / Source: The Associated Press
RELATED:
Bloomberg:   George Santos Should Get Seven Years for Campaign Fraud, US Says
Associated Press:
‘Hands Off!’ protests against Trump and Musk are planned across the US  —  Opponents of President Donald Trump and billionaire Elon Musk plan to rally across the U.S. on Saturday to protest the administration's actions on government downsizing, the economy, human rights and other issues.
 
 
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 More Items: 
Greg Sargent / New Republic:
Obama's Blistering New Takedown of Trump Gives Dems a Way Forward
Discussion: HuffPost and Plain Dealer
Reuters:
Treasury's Bessent: Market drop a ‘Mag 7’ problem, not a MAGA one, he says in Tucker Carlson interview
Discussion: Reuters
Associated Press:
In the race to save lives after the Myanmar quake, US rescuers are notable by their absence
Discussion: Al Jazeera and Myanmar Now
KECI:
Montana GOP censures 9 Senate Republicans for working with Dems
James Rothwell / Telegraph:
Germany considers withdrawing 1,200-ton gold stockpile from US in riposte to Trump
Discussion: Bloomberg
 Earlier Items: 
Seth Borenstein / Associated Press:
Nearly half of National Weather Service offices are critically understaffed, experts warn
Discussion: WAGA-TV
Reuters:
U.S. Peace Corps says Musk's DOGE has arrived at its HQ
Discussion: CBS News, Fox Business and The Guardian
Anthony L. Fisher / MSNBC:
It's a terrifying time for free speech and civil liberties in Trump's America
Discussion: The Bulwark