
Zohran Mamdani, Brad Lander are cross-endorsing in race for New York City mayor
NEW YORK — After months of Andrew Cuomo topping the New York City mayor's race while the organized left scrambled, progressive candidates are finally using ranked-choice voting to fight back.
Whether there's enough time to capitalize on Cuomo's negatives remains to be seen — he continues to dominate most polls and is funded by a multimillion-dollar super PAC, with just 11 days until the Democratic primary.
Zohran Mamdani and Brad Lander, the highest-ranking progressive candidates in the race, endorsed each other Friday, one day after the final Democratic primary debate during which both attacked Cuomo. The former governor saved most of his fire for Mamdani, who is nipping at his heels in the final stretch of the race.
In backing each other, the two candidates each urged his supporters to rank the other second as they seek every advantage before early voting begins Saturday.
And it comes as the Working Families Party encourages its other endorsed candidates to formally combine forces — something the campaigns have avoided until now.
'Today's cross-endorsement is probably the most impactful,' Ana María Archila, New York Working Families Party co-director, told POLITICO in an interview Friday.
She sidestepped criticism of two other party-backed candidates — state Sen. Zellnor Myrie and City Council Speaker Adrienne Adams — for not joining in the cross-endorsement.
'I know that Zellnor really cares about how to guide his voters. I know that the speaker really cares about how to guide her voters,' Archila said. 'It's really a candidate-to-candidate conversation, and because of that, it's very particular to the dynamics between the candidates.'
When asked about the possibility of a cross-endorsement, Adams told PIX11 News this week, 'I am still considering all of the options available.'
Cuomo, until recently appeared locked in a two-person race with Mamdani, a democratic socialist state lawmaker. But Lander, the city comptroller, had a good week with a strong debate performance.
An internal poll conducted by the Working Families Party showed a majority of respondents said an endorsement from their first-choice candidate would greatly impact who they rank second. The party endorsed a four-person slate in March, and placed Mamdani first, Adams second, Lander third and Myrie fourth two weeks ago.
The process of getting candidates to more formally support each other has been tortured ahead of the June 24 primary to unseat Mayor Eric Adams, who is forgoing the primary to run as an independent in November. Questions about strategizing more forcefully against Cuomo have frustrated contenders behind the scenes, though they've said publicly voters are just beginning to tune in.
Time is running out.
This primary is New York City's second citywide use of ranked-choice voting, which allows New Yorkers to rank up to five candidates in order of preference, rather than rely on a plurality vote in a crowded field. The contenders with the fewest votes are eliminated round by round, with their support redistributed until one of them surpasses the 50 percent threshold.
Until the Mamdani-Lander cross-endorsement, the most consistent guidance among non-Cuomo candidates and their surrogates had been for voters to fill their ballots with five candidates and exclude the former governor entirely.
In the 2021 mayoral primary, Andrew Yang and Kathryn Garcia formed a partnership to boost each other, though Eric Adams ultimately won. Yang's one-way support of the political neophyte was viewed as a last-minute boost to her surprisingly strong candidacy.
'Four years ago, we wound up with one of the worst mayors in our history, largely because the two top alternatives in the race did not come together and join forces to cross-endorse each other,' Lander said Friday in a statement, referring to Garcia and Maya Wiley, who placed second in the first round that year. 'We can't afford to make that mistake again.'
The city comptroller has been lagging Mamdani in the polls for much of the race, but he was the top overall pick for a New York Times panel of experts and he stepped up his game at Thursday's debate. Still, Mamdani has been the surging candidate throughout the cycle and he's ranked No. 1 by the Working Families Party as well as Rep. Alexandria Ocasio-Cortez (D-N.Y.).
'As Brad and I exposed the ex-Governor's record of corruption and scandal on last night's debate stage, New Yorkers could see Cuomo for what he really is: a relic of the broken politics of the past,' Mamdani said in a statement. 'His campaign has always been a house of cards, and with Brad and I cross-endorsing on the eve of early voting, we will topple it together.'
The two are set to appear together Friday, as first reported by the Times.
'We have been encouraging this level of coalescence from the beginning,' Archila said. 'Honestly, it's been a year of showing candidates how other places that have ranked-choice voting organized, and how candidates themselves sort of deliver the final punch by doing precisely what Brad and Zohran have done today.'
Cuomo has campaigned as an experienced manager ready on Day 1, drawing a contrast with the 33-year-old Mamdani.
'No surprise here — the two have been attached at the hip for months, but it won't move the needle,' Cuomo spokesperson Rich Azzopardi said in a statement of Lander and Mamdani. 'The public is clamoring for leadership to take real action to make the city safer and more affordable and to protect New Yorkers from Trump.'
In a twist last Friday, long-shot left-leaning candidate state Sen. Jessica Ramos had endorsed Cuomo, though he made brutally clear he wasn't returning the favor. And at the Thursday debate, moderate candidate Whitney Tilson said he is ranking Cuomo second, though the governor didn't respond in kind.
Mamdani has tried publicly to nudge other candidates to cross-endorse.
'Don't just rank me — fill out the rest of your ballot. Here are three others you should rank,' he said in a video tutorial posted last week, pointing to graphics of Lander, Adams and Myrie. He delivered the guidance in Hindi and used glasses of mango lassi to demonstrate how votes are distributed in the city's ranked method.
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Chicago Tribune
31 minutes ago
- Chicago Tribune
Appeals court lets President Donald Trump keep control of National Guard troops deployed to Los Angeles
LOS ANGELES — An appeals court on Thursday allowed President Donald Trump to keep control of National Guard troops he deployed to Los Angeles following protests over immigration raids. The decision halts a ruling from a lower court judge who found Trump acted illegally when he activated the soldiers over opposition from California Gov. Gavin Newsom. The deployment was the first by a president of a state National Guard without the governor's permission since 1965. In its decision, a three-judge panel on the 9th U.S. Circuit Court of Appeals unanimously concluded it was likely Trump lawfully exercised his authority in federalizing control of the guard. It said that while presidents don't have unfettered power to seize control of a state's guard, the Trump administration had presented enough evidence to show it had a defensible rationale for doing so, citing violent acts by protesters. 'The undisputed facts demonstrate that before the deployment of the National Guard, protesters 'pinned down' several federal officers and threw 'concrete chunks, bottles of liquid, and other objects' at the officers. Protesters also damaged federal buildings and caused the closure of at least one federal building. And a federal van was attacked by protesters who smashed in the van's windows,' the court wrote. 'The federal government's interest in preventing incidents like these is significant.' It also found that even if the federal government failed to notify the governor of California before federalizing the National Guard as required by law, Newsom had no power to veto the president's order. Trump celebrated the decision on his Truth Social platform, calling it a 'BIG WIN.' He wrote that 'all over the United States, if our Cities, and our people, need protection, we are the ones to give it to them should State and Local Police be unable, for whatever reason, to get the job done.' Newsom issued a statement that expressed disappointment that the court is allowing Trump to retain control of the Guard. But he also welcomed one aspect of the decision. 'The court rightly rejected Trump's claim that he can do whatever he wants with the National Guard and not have to explain himself to a court,' Newsom said. 'The President is not a king and is not above the law. We will press forward with our challenge to President Trump's authoritarian use of U.S. military soldiers against citizens.' The court case could have wider implications on the president's power to deploy soldiers within the United States after Trump directed immigration officials to prioritize deportations from other Democratic-run cities. Trump, a Republican, argued that the troops were necessary to restore order. Newsom, a Democrat, said the move inflamed tensions, usurped local authority and wasted resources. The protests have since appeared to be winding down. Two judges on the appeals panel were appointed by Trump during his first term. During oral arguments Tuesday, all three judges suggested that presidents have wide latitude under the federal law at issue and that courts should be reluctant to step in. The case started when Newsom sued to block Trump's command, and he won an early victory from U.S. District Judge Charles Breyer in San Francisco. Breyer found that Trump had overstepped his legal authority, which he said only allows presidents can take control during times of 'rebellion or danger of a rebellion.' 'The protests in Los Angeles fall far short of 'rebellion,'' wrote Breyer, who was appointed by former President Bill Clinton and is brother to retired Supreme Court Justice Stephen Breyer. The Trump administration, though, argued that courts can't second guess the president's decisions and quickly secured a temporary halt from the appeals court. The ruling means control of the California National Guard will stay in federal hands as the lawsuit continues to unfold.


Politico
44 minutes ago
- Politico
Who Pritzker could pick for his No. 2
TGIF, Illinois. Stay safe this weekend. It's gonna be hot. TOP TALKER POLITICAL CHESS: With the state budget signed and the D.C. immigration hearing behind him, Gov. JB Pritzker is focusing on a few big decisions. Will he run for president? Will he seek a third term as governor? And who would his lieutenant governor running mate be if he runs again? Don't expect an answer anytime soon about a presidential run. But in the coming weeks, Pritzker will decide whether to seek re-election. What's next: Democratic candidates for statewide office in 2026 will ask for endorsements from the Cook County Democratic Party during its slating meetings July 17 and 18. As for his No. 2: Even if Pritzker announces he'll go for a third term — and all indications are that he will — we hear he wouldn't name a running mate right away. But that hasn't stopped the buzz about who might step up to the pos that Lt. Gov. Juliana Stratton has held since taking office with Pritzker in 2018. Now that she's running for U.S. Senate in 2026, she wouldn't be able to be on the governor's ticket, too. So, Pritzker would have to name a new running mate. Names that have popped up: Deputy Gov. Andy Manar, state Rep. Jehan Gordon-Booth, former Deputy Gov. Christian Mitchell and Chicago City Clerk Anna Valencia. They all bring something to the table: Manar is the budget maestro in the governor's office. And the central Illinois native is someone Pritzker trusts to carry out his vision for the state should he leave for D.C. Gordon-Booth was a House budgeteer. Mitchell is a former state lawmaker who served during Pritzker's first term, overseeing public safety, energy and infrastructure issues. And Valencia is a City Hall veteran who, like Stratton, is a good retail politician. RELATED Republican Congressman Darin LaHood doesn't rule out a run for governor, by Catrina Barker for The Center Square THE BUZZ La VETO Loca: The Chicago City Council approved a curfew ordinance to control 'teen takeovers,' but Mayor Brandon Johnson said he would veto the measure. 'It would create tensions between residents and law enforcement at a time when we have worked so hard to rebuild that trust,' he said after the vote, adding the measure 'is counterproductive to the progress we have made in reducing crime and violence in our city.' The veto would be the first by a Chicago mayor since 2006, according to WBEZ's Mariah Woelfel. The other side: Ald. Brian Hopkins spoke passionately ahead of the vote about his concern that more needs to be done to stop violent acts that have occurred in his downtown ward. The measure passed 27-22, short of the 34 needed to override a mayoral veto. The Tribune's Jake Sheridan reports Hopkins plans to keep making the case for his ordinance but added he won't be heavy-handed about it. RELATED — The next big battle in City Hall will be about the mayor's plan to raise the grocery tax: Ald. Brendan Reilly (42nd) had hoped to delay the measure this week, but before the Council realized it, the legislation was introduced without calling it a 'grocery tax,' by Crain's Justin Laurence. If you are Brendan Reilly, Playbook would like to hear from you! Email: skapos@ WHERE'S JB No official public events WHERE's BRANDON His schedule didn't make it to our inbox. Where's Toni At Idlewild Country Club in Flossmoor at 5:30 p.m. for the Southland Dinner with the South Suburban Mayors and Managers Association Have a tip, suggestion, birthday, new job or a (gasp!) complaint? Email skapos@ IN THE SPOTLIGHT — Former Illinois Congressman Rodney Davis survived political violence. Now he carries a gun 'to fire back:' The Illinois Republican has been both a victim of political violence and a key player in overseeing the protection of elected officials. 'A survivor of the 2017 congressional baseball shooting where Majority Leader Steve Scalise was badly wounded — Davis was at home plate when the gunman opened fire from behind third base — the former Illinois congressman [now head of government affairs for the U.S. Chamber of Commerce] later became the top Republican on the House Administration Committee, which oversees security arrangements for members of the House of Representatives,' by POLITICO's Ben Jacobs. — The Supreme Court decision to uphold Tennessee's ban on gender-affirming care for minors drew criticism from MWRD Commissioner Precious Brady-Davis, the first Black openly trans woman appointed and elected to public office in Cook County history. 'I am outraged,' she said in a statement. 'This ruling puts trans children at risk by allowing politics to overrule medical expertise. No court should come between a doctor and their patient. Stripping doctors of their ability to provide life-saving, affirming care is not just bad policy, it's a direct threat to our community's health, safety, and dignity.' BUSINESS OF POLITICS — More confirmation: Rahm Emanuel says 'of course' he's looking at a presidential bid, by Crain's Greg Hinz — FIRST IN POLITICO: The Congressional Black Caucus PAC — which operates with the goal of increasing the number of Black members in Congress — is jumping into the race to replace retiring Illinois Sen. Dick Durbin with an endorsement for Congresswoman Robin Kelly. 'We're excited to continue to grow our representation in the Senate with one of our own,' New York Rep. Gregory Meeks, who chairs the PAC, said in a statement. He added that Kelly is a 'fierce advocate on gun violence prevention, maternal health and health care.' Kelly is locked in a crowded race for the Senate seat along with fellow Congressman Raja Krishnamoorthi and Lt. Gov. Juliana Stratton. — In IL-02: Cook County Commissioner Donna Miller's formation of an exploratory committee to run for Congress in the 2nd District has been getting support from elected officials. Here's a list. — Pastor Anthony Williams of south suburban Dolton is gathering support for a 2026 U.S. Senate bid as a Democrat. Williams, who is a trustee at South Suburban College, is a familiar name to the political scene, having run for U.S. Senate in 2022 as a Republican. He says his priorities are to 'bring needed resources to the state of Illinois and address the issue of violence [through] the tools of civility.' — Erin Chan Ding, a twice-elected Barrington school board member, is running for state representative as a Democrat in Illinois' 52nd District. The seat is held by veteran Republican state Rep. Martin McLaughlin. Chan Ding wants to 'invest in public education, make child care affordable, fight for livable wages, protect the environment and steward taxpayer dollars responsibly in Springfield,' according to a campaign statement. — Sports betting powerhouse DraftKings is jumping into electoral politics with a new corporate PAC, by POLITICO's Caitlin Oprysko in our Influence newsletter THE STATEWIDES — Plano, the first Illinois town to recognize Juneteenth, had to move this year's party to Yorkville due to low turnout and social media criticism, by the Tribune's Rebecca Johnson and the Aurora Beacon-News' Molly Morrow — University of Illinois soybean lab took a big hit from Trump cuts, by Miles MacClure for The Hechinger Report — Largest air-supported sports dome in the world is inflated in Springfield, by the State Journal-Register's Claire Grant — 'Starved Rock killer' loses bid to overturn 1961 conviction,: by the Sun-Times' Frank Main CHICAGO — Mayor Brandon Johnson didn't conduct formal national search for CTA head despite claiming otherwise, records show, by the Tribune's Talia Soglin — Gale Street Inn, a Jefferson Park institution, closes for good without any advance word to customers, by Bob Chiarito for the Sun-Times COOK COUNTY AND COLLARS — Chicago Heights crematory shuts down permanently after accusations of mishandling bodies: 'Illinois Comptroller Susana Mendoza, who regulates crematories, announced Tuesday she has permanently revoked Heights Crematory's license through a consent order,' by the Sun-Times' Cindy Hernandez. — East Dundee allows golf carts on village streets, by the Daily Herald's Alicia Fabbre TAKING NAMES — WBBM Newsradio political reporter Craig Dellimore is retiring: His last day in City Hall is today. 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Ed Mazur: 'Deviled eggs, paper plates and cups, and cold liquid refreshments including 'bug juice.'' Kathy Posner: 'A large suite at the St. Regis, George Clooney and Diet Coke.' Jaimey Sexton: 'Wine. A wine bottle opener. Non-breakable wine glasses. The End.' Patricia Ann Watson: 'Chilled melons, sandwiches, ice teas.' Jennifer Welch: 'Rose' wine, farmers market produce and free movie, music, or theater at a Chicago park.' NEXT QUESTION: What skills make a good lieutenant governor? KEEPING UP WITH THE DELEGATION — ICE imposes new rules on congressional visits: The policy says that ICE field offices are not subject to a federal law that allows members of Congress to make unannounced oversight visits to immigration facilities that 'detain or otherwise house aliens.' The news comes after four Illinois lawmakers tried in vain to enter an immigration processing facility near Chicago, by The New York Times' Michael Gold. — Congressman Brad Schneider said leaders he met with in Middle East don't want Iran to have a nuclear weapon, by the Lake County News-Sun's Steve Sadin THE NATIONAL TAKE — Trump says everything is coming 'in two weeks,' video via Bloomberg — Appeals court blocks Newsom's bid to reclaim control of National Guard from Trump, by POLITICO's Josh Gerstein and Kyle Cheney — Megabill could derail hundreds of planned clean energy projects, by POLITICO's Kelsey Tamborrino and Jessie Blaeser — Black church leaders pressure companies over Trump's anti-DEI push, by POLITICO's Cheyanne Daniels IN MEMORIAM — Former Des Plaines civic leader Rosemary Argus has died: She was a former member of the Mount Prospect Park District board and the Des Plaines City Council, by the Daily Herald's Russell Lissau. EVENTS — Sunday: Lt. Gov. Juliana Stratton headlines the Lake County Women Democratic Women gala where Anna Williams will receive the 'Insist Resist Persist Award.' Details here TRIVIA WEDNESDAY's ANSWER: Congrats to Roger Flahaven for correctly answering that Eugene Debs formed the American Railway Union on June 20, 1892, and within a year, it had 150,000 members. Also: Playbooker and author Richard Joyce has details in his book, 'Spring Valley Is a Mining Town.' TODAY's QUESTION: What Illinois town's name was inspired by the writings of Washington Irving? Email skapos@ HAPPY BIRTHDAY Today: State Rep. Sonya Harper, state Rep. Maurice West, Cook County Circuit Court Judge James Shapiro, communications consultant David Prosperi, former U.S. Secret Service Agent Timothy McCarthy and Benjamin Marshall Society's Jane Lepauw Saturday: Deputy Director of External Relations for DCEO Dan McManus, Acacia Consulting Group President Morgan Harris, Portal Innovations VP of Operations Mike Faulman, government relations pro Chris Kane, Agency H5 CEO Kathleen Sarpy, gallery owner Monique Meloche and former Homeland Security official Timothy Thomas Sunday: Former state Sen. Chuck Weaver, Aileron Communications Account Exec Carlie Hansen, restaurateur Michael Kornick -30-


Politico
an hour ago
- Politico
How the Israel-Iran conflict could hit the economy
Presented by As the U.S. weighs intervention in Israel's conflict with Iran, Wall Street has been skittish, eyeing the potential fallout for oil prices and inflation. To get a better sense of what's driving the oil market and what economic risks might lie ahead, MM caught up with Rory Johnston, an oil market analyst at research service Commodity Context who's been following all of this closely. A takeaway from that conversation: The price jump has been notably large for a market that has become desensitized to political risks after safely weathering multiple shocks over the last few years, including Covid and the Russia-Ukraine war. Now, 'even a numb cynical oil market sees Israel bombing Tehran and says, 'OK, maybe worry a bit here,'' he said. Conflict with Iran is the 'No. 1 risk scenario that people talk about, and now we're living in it,' he added. A worst-case scenario would be if Tehran is driven to close off the Strait of Hormuz, a channel through which about a fifth of the world's oil passes. Experts including Johnston say it's unlikely Iran would do that unless pushed to the brink — such a move would run the risk of hurting its own economic lifeline, as well as antagonizing its neighbors in the region — but the shockwaves would be significant. For now, what struck your host is that this conflict is helping prop up prices at a time when they'd really started to drop, and that could help boost U.S. oil production, which had previously been forecast to contract in 2026. But the exact trajectory of all this is highly unclear. 'This is usually the lead-up to summer driving season, so gasoline prices were set to rise anyway,' POLITICO's resident oil market expert Ben Lefebvre told MM. 'Because of the current Middle East situation, they'll rise further than they might have when oil was still around $60 a barrel. But when compared to what U.S. drivers experienced even last year, it won't be too far off recent norms … if there is such a thing as 'recent norms.'' 'The interesting thing is whether this spurs U.S. oil companies to drill more,' he added. 'They might just see this as a temporary boost and not something they want to get too far ahead of.' Rewind to before the current Israel-Iran conflict escalated. OPEC, the cartel of major oil-exporting countries, had been holding back production but then ramped up output earlier this year. That move was taken, in part, to get ahead of the effects of President Donald Trump's tariffs, which had raised fears that demand for oil would crater amid a global slowdown. That was leading to forecasts of oversupply later this year, Johnston said, reducing incentives for oil companies to produce. Now, Israel's attacks on Iran have likely led to fear-buying, as well as speculative trading, that has pushed up prices as much as 15 percent. Fighting so far has spared infrastructure that would significantly crimp the outflow of crude. 'While theoretically on its face, nothing that's happened so far has changed anything physical about supply and demand, part of the way … price formation has occurred is you have physical participants — a refinery, whatever — that's all of a sudden worried they're not going to be able to get cargos next month or the month after,' Johnston said. For prices to stay high or go higher, there likely would have to be some actual damage to key oil infrastructure, he said. But in the meantime, the scope for economic disruption is still significant. The largest price increases have been for diesel, a key input for shipping and therefore a potential risk to inflation in many sectors. 'It might not seem as harsh at the pump, but your shipping and your route delivery is going to feel the pinch of diesel far more,' Johnston said. More broadly, John Fagan, co-founder of Markets Policy Partners and the former markets head at the Treasury Department, said this oil price shock feeds the narrative that the U.S. is going to have slower growth and higher prices: stagflation. 'Demand is not collapsing, and oil prices are not unbelievably high, so you don't have that pop and drop kind of dynamic' when prices rise above where the market can support, he said. 'And if the dollar can't rally, that's supportive of [higher] oil prices.' HAPPY FRIDAY — Hope many of you got to have a restful day off yesterday. Send thoughts about the economic outlook to vguida@ and as always, send MM tips and pitches to Sam Sutton, who is back next week: ssutton@ Driving the day Deputy Treasury Secretary Michael Faulkender speaks at the Council on Foreign Relations at 12:30 p.m. Debt warnings fall on deaf ears — Republicans are largely ignoring a host of reports warning that their bill would worsen the nation's fiscal trajectory in a serious way, our Ben Guggenheim reports. The Congressional Budget Office estimates Tuesday led to an unusual finding. Usually tax cuts tend to cost less under so-called dynamic scores that include economic effects. Not so here: The $2.8 trillion figure released Tuesday outstripped the CBO's prior $2.4 trillion estimate that did not include economic analysis — mostly because the bill would increase interest rates. But the GOP is relying instead on estimates from the White House that Kyle Pomerleau of the American Enterprise Institute called 'outrageous' and 'way higher than everyone else's.' Your MM host chatted last week with Joe Lavorgna, who joined the Treasury Department this month as a counselor to Secretary Scott Bessent, and he had thoughts on CBO's projection that the economy would grow at an average rate of 1.8 percent over the next 10 years. 'Once the One Big Beautiful Bill passes, it's going to lock in the gains that we saw in the first Trump administration, when we were growing at nearly 3 percent,' he told your MM host. 'Then, you could make a case because of AI,' productivity growth will be much higher. 'The trailing 10-year growth rate of GDP is 2.5 percent. Why aren't we using that? .. 1.8 is unbelievably pathetically slow.' On the pods: Hear from CBO Director Phillip Swagel himself on Bloomberg's Big Take podcast. Sober news on entitlements — The longterm financial health of Social Security and Medicare worsened last year, our Michael Stratford reports. 'Annual reports released by the Treasury Department on Monday show that Social Security's reserve funds, if combined, would run out of money to fully pay beneficiaries in 2034 — a year sooner than projected last year,' Stratford writes. 'And the trust fund that pays Medicare's hospital bills would be depleted in 2033 — three years earlier than expected.' Trump calls for 'clean' Senate crypto bill to pass — Late Wednesday, Trump called on House Republicans to move 'LIGHTNING FAST' to send Senate-passed stablecoin legislation to his desk, dialing up pressure on GOP lawmakers in the lower chamber to adopt the measure without any changes, our Jasper Goodman reports. The Economy ICYMI: Fed holds rates steady — Federal Reserve officials announced Wednesday that they will hold interest rates steady, ignoring repeated calls from President Donald Trump to dramatically lower borrowing costs. In fact, projections from the central bank's policymakers suggest they're less confident they will be able to significantly decrease rates than they were in March. Vibe check: Here was Trump's response on Truth Social Thursday morning: ''Too Late' Jerome Powell is costing our Country Hundreds of Billions of Dollars. He is truly one of the dumbest, and most destructive, people in Government, and the Fed Board is complicit. Europe has had 10 cuts, we have had none. We should be 2.5 Points lower, and save $BILLIONS on all of Biden's Short Term Debt. We have LOW inflation! TOO LATE's an American Disgrace!' Jobs report Carolyn Davis is now director of comms at Better Markets. She previously was director of external comms at Leadership for Educational Equity. Mike Spratt has joined the ICI as an associate general counsel. He previously was assistant director in the Division of Investment Management Disclosure Review office at the SEC. He also served as counsel to former SEC Commissioners Kara Stein and Elisse Walter.