WTF Just Happened Today?

Day 597: "Until the job is done."


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1/ The Justice Department appealed a federal judge’s decision to grant a special master to review documents seized from Trump’s Mar-a-Lago home. Earlier this week, U.S. District Judge Aileen Cannon ordered the appointment of an independent attorney “to review the seized property for personal items and documents and potentially privileged material subject to claims of attorney-client and/or executive privilege.” Prosecutors asked Cannon to exclude all documents with classification markings from any special master review and to put on hold her directive blocking the Justice Department from using the seized records for investigative purposes while they appeal her decision to the 11th Circuit Court of Appeals. In the filing, prosecutors wrote that allowing a special master to review the classified material would “cause the most immediate and serious harms to the government and the public.” (Washington Post / Axios / Wall Street Journal / Bloomberg / Politico / New York Times / Associated Press)

2/ A federal grand jury issued subpoenas seeking information about Trump’s Save America PAC, which was formed after his 2020 election loss. The Justice Department is investigating the activities leading up the Jan. 6 attack on the Capitol and efforts by Trump and his allies to overturn the election. Trump’s Save America PAC raised more than $135 million after the election by baselessly asserting claims of voter fraud they knew were false while consistently pushing supporters to donate. (ABC News / New York Times)

3/ Federal Reserve Chair Jerome Powell reiterated that he is “strongly committed” to fighting inflation “until the job is done.” The central bank has raised interest rates four times this year from near zero in March to a range between 2.25% and 2.5% in July. Fed officials next meets Sept. 20-21, and Powell has kept the option open for a third consecutive 0.75-percentage-point rate rise. The average 30-year mortgage rate, meanwhile, climbed to 5.89% – the highest level since 2008. Last year at this time, the average mortgage rate was 2.88%. (CNBC / Bloomberg / New York Times / NBC News / CNN /

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WTF Just Happened Today?By Matt Kiser

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