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    Dean Phillips Floats a No Labels Bid if 2024 Is Trump vs. Biden

    Representative Dean Phillips of Minnesota, a Democrat running a long-shot primary challenge to President Biden, said on Saturday that he would consider running on the ticket of No Labels, a centrist group exploring an independent bid, if it appeared the general election would be a rematch between Mr. Biden and Donald J. Trump.In an interview, Mr. Phillips publicly articulated for the first time the circumstances in which he would accept the No Labels presidential nomination, and said he was in regular communication with Nancy Jacobson, the group’s chief executive. Democratic allies of Mr. Biden have been alarmed by No Labels, worrying that any candidate it runs could siphon votes from him.“People are criticizing them because they believe whomever they offer on their ticket will hurt Joe Biden,” Mr. Phillips said after a town-hall event at a senior center in Nashua, N.H. “That’s false. If they put someone at the top of the ticket who could actually drive votes from Donald Trump, every Democrat in the United States of America should be celebrating it. They haven’t made that determination.”Mr. Phillips has a long relationship with Ms. Jacobson and No Labels from his tenure in the group’s congressional Problem Solvers Caucus, an organization that promotes policies with bipartisan support. He said he had told Ms. Jacobson he would not discuss running as the No Labels candidate “at this time.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Biden Campaign Sharpens Its Post-Roe Message: Abortion Is About Freedom

    In events next week, the president and vice president will argue that abortion access is crucial to personal freedoms, and warn of what is at stake if Donald J. Trump is re-elected.President Biden and Vice President Kamala Harris will headline events next week centered around protecting abortion rights, throwing more heft behind an issue that has galvanized voters in the 18 months since the Supreme Court struck down Roe v. Wade.On Monday, Ms. Harris will visit Wisconsin to begin a national tour focused on preserving access to reproductive health care as Republicans call for more restrictions. Then on Tuesday, she will join Mr. Biden at a rally for abortion rights in Virginia, where Democrats recently took control of the state legislature and have proposed to enshrine abortion protections in the state constitution.Ms. Harris offered a preview of the administration’s election-year messaging to Americans when she visited “The View,” the most popular daytime talk show in the country.“We are not asking anyone to abandon their personal beliefs,” she said during an appearance on Wednesday, adding that “the government should not be telling women what to do with their bodies.”The idea that preserving access to abortion is tantamount to preserving personal freedoms has been embraced by Biden administration officials, lawmakers and activists who hope it will energize a flagging base and draw independent voters into the fold. They also want to contrast the administration’s policies with the political peril that the Republican Party faces by embracing hard-line measures.“I start from the place that most Americans believe that women should have the freedom to make their own decisions about health care, including abortion, without government interference,” Senator Tina Smith, Democrat of Minnesota, who traveled to the Iowa caucuses as a surrogate for Mr. Biden, said in an interview. (About 69 percent of voters think abortion should be legal in the first three months of pregnancy, according to a Gallup poll last year.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Why Americans Are (Still) Mad About Inflation

    The United States has seen a steady decline in the rate of inflation, and yet many American voters are still upset over the cost of daily life. To understand this perception gap, Paul Donovan, the chief economist of UBS Global Wealth Management, argues, we should consider the cost of a Snickers Bar. In this audio essay, he explains that frequent smaller purchases — like candy bars — shape our experience of the economy.(A full transcript of this audio essay will be available midday on the Times website.)Illustration by Akshita Chandra/The New York Times; Photograph by Matt Cardy/Getty ImagesThe Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow the New York Times Opinion section on Facebook, X (@NYTOpinion) and Instagram.This episode of “The Opinions” was produced by Jillian Weinberger. It was edited by Kaari Pitkin and Annie-Rose Strasser. Mixing by Sonia Herrero and Pat McCusker. Original music by Carole Sabouraud. Fact-checking by Kate Sinclair. Audience strategy by Kristina Samulewski. More

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    La disputa migratoria amenaza el legado de Biden en política exterior

    El debate sobre la inmigración en Estados Unidos está salpicando otras áreas de la agenda del presidente, en particular la guerra en Ucrania.El creciente número de personas que cruzan a Estados Unidos desde México ha sido una vulnerabilidad política para el presidente Joe Biden durante los últimos tres años porque, poco a poco, ha socavado su índice de aprobación y lo ha expuesto a ataques políticos.No obstante, ahora, la crisis amenaza con afectar el apoyo de Estados Unidos a la guerra en Ucrania, lo que pone en riesgo el eje de la política exterior de Biden.Tras reunirse con Biden en la Casa Blanca el miércoles, el presidente de la Cámara de Representantes, Mike Johnson, insistió en que la Cámara Baja, de mayoría republicana, no aprobaría la legislación para enviar ayuda a Ucrania, a menos que los demócratas aceptaran restricciones nuevas y amplias en la frontera de Estados Unidos con México.Incluso si ambos bandos llegan a algún tipo de acuerdo, muchos republicanos, en especial en la Cámara Baja, estarían poco dispuestos a concederle una victoria a Biden en un año electoral en un tema que les ha dado poderosos motivos para criticar a la Casa Blanca. El asunto también se ubica en el centro de la candidatura del posible rival de Biden en el otoño, el expresidente Donald Trump.Esta situación muestra cómo el debate sobre migración en Estados Unidos ya no solo se trata de la frontera. El tema se está filtrando a otras secciones de la agenda de Biden y cobra cada vez más influencia porque los republicanos lo utilizan para bloquear las principales prioridades del presidente en materia de política exterior.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    With Deal Close on Border and Ukraine, Republican Rifts Threaten to Kill Both

    A divided G.O.P. coalesced behind a bit of legislative extortion: No Ukraine aid without a border crackdown. Now they are split over how large a price to demand, imperiling both initiatives.Senator James Lankford, the Oklahoma Republican and staunch conservative, this week trumpeted the immigration compromise he has been negotiating with Senate Democrats and White House officials as one shaping up to be “by far, the most conservative border security bill in four decades.”Speaker Mike Johnson, in contrast, sent out a fund-raising message on Friday denouncing the forthcoming deal as a Democratic con. “My answer is NO. Absolutely NOT,” his message said, adding, “This is the hill I’ll die on.”The Republican disconnect explains why, with an elusive bipartisan bargain on immigration seemingly as close as it has been in years on Capitol Hill, the prospects for enactment are grim. It is also why hopes for breaking the logjam over sending more U.S. aid to Ukraine are likely to be dashed by hard-line House Republicans.The situation encapsulates the divide cleaving the Republican Party. On one side are the right-wing MAGA allies of former President Donald J. Trump, an America First isolationist who instituted draconian immigration policies while in office. On the other is a dwindling group of more mainstream traditionalists who believe the United States should play an assertive role defending democracy on the world stage.The two wings coalesced last fall around a bit of legislative extortion: They would only agree to President Biden’s request to send about $60 billion more to Ukraine for its fight against Russian aggression if he agreed to their demands to clamp down on migration at the United States border with Mexico. But now, they are at odds about how large of a price to demand.Hard-right House Republicans, who are far more dug in against aid to Ukraine, have argued that the bipartisan border compromise brokered by their counterparts in the Senate is unacceptable. And they bluntly say they do not want to give Mr. Biden the opportunity in an election year to claim credit for cracking down on unauthorized immigration.Instead, with Mr. Trump agitating against the deal from the campaign trail, they are demanding a return to more severe immigration policies that he imposed, which stand no chance of passing the Democrat-controlled Senate. Those include a revival of the Remain in Mexico policy, under which migrants seeking to enter the United States were blocked and made to stay elsewhere while they waited to appear in immigration court to plead their cases.While Senate G.O.P. leaders have touted the emerging agreement as a once-in-a-generation opportunity for a breakthrough on the border, hard-right House members have dismissed it as the work of establishment Republicans out of touch with the G.O.P. base.“Let’s talk about Mitch McConnell — he has a 6 percent approval rating,” Representative Marjorie Taylor Greene, Republican of Georgia, said of the Senate minority leader. “He wouldn’t be the one to be listening to, making deals on the border.”She said that after Mr. Trump’s decisive win in the Iowa caucuses, “It’s time for all Republicans, Senate and the House, to get behind his policies.”As for the proposed aid to Ukraine, Ms. Greene is threatening to oust Mr. Johnson from the speakership if he brings it to the floor.“My red line is Ukraine,” she said, expressing confidence that the speaker would heed her threat. “I’m making it very clear to him. We will not see it on the House floor — that is my expectation.”House Republicans have opposed sending money to Ukraine without a deal on immigration.Emile Ducke for The New York TimesThe situation is particularly fraught for Mr. Johnson, the novice House speaker whose own sympathies lie with the far right but who is facing immense institutional pressures — from Mr. Biden, Democrats in Congress and his fellow Republicans in the Senate — to embrace a deal pairing border policy changes with aid to Ukraine.Mr. Johnson has positioned himself as a Trump loyalist, quickly endorsing the former president after winning the gavel, and said that he has spoken regularly to the former president about the Senate immigration deal and everything else. After infuriating hard-right Republicans on Thursday by pushing through a short-term government funding bill to avert a shutdown, the speaker has little incentive to enrage them again and defy the wishes of Mr. Trump, who has disparaged the Senate compromise.“I do not think we should do a Border Deal, at all, unless we get EVERYTHING needed to shut down the INVASION,” Mr. Trump wrote on social media this week.Democrats already have agreed to substantial concessions in the talks, including making it more difficult for migrants to claim asylum; expanding detention and expulsion authorities; and shutting down the intake of migrants when attempted crossings reach a level that would overwhelm detention facilities — around 5,000 migrants a day.But far-right Republicans have dismissed the compromise out of hand, saying the changes would still allow many immigrants to enter the country each year without authorization.Election-year politics is playing a big role. Representative Bob Good, Republican of Virginia and the chairman of the hard-right House Freedom Caucus, said passing the Senate bill would give “political cover” to Mr. Biden for his failures at the border.“Democrats want to look like they care about the border, then run out the clock so Biden wins re-election,” Mr. Good said. “It would be terrible for the country to give political cover to the facilitators of the border invasion.”Representative Tim Burchett, Republican of Tennessee, said that while Mr. Johnson broke with the right on federal spending because he feared a government shutdown, “I think on the immigration issue, there’s more unity.”Senator John Thune of South Dakota, the No. 2 Senate Republican, warned that the immigration compromise was a “unique opportunity” that would not be available to Republicans next year, even if they were to win majorities in both chambers of Congress and win back the White House.“The Democrats will not give us anything close to this if we have to get 60 votes in the U.S. Senate in a Republican majority,” he said.Speaker Mike Johnson has positioned himself as a Trump loyalist. Kenny Holston/The New York TimesMany mainstream House Republicans believe that Mr. Johnson would be making a terrible mistake if he heeded the advice of the most far-right voices and refused to embrace an immigration deal. They argue that doing so would squander an opportunity to win important policy changes and the political boost that would come with showing that Republicans can govern.“Big city mayors are talking about the same thing that Texas conservatives are talking about,” said Representative Patrick T. McHenry, Republican of North Carolina, a close ally of former Speaker Kevin McCarthy. “Take the moment, man. Take the policy win, bank it, and go back for more. That is always the goal.”But for some Republicans, taking the policy win is less important than continuing to have a political issue to rail against in an election year.“It’s worse than doing nothing to give political cover for a sham border security bill that does nothing to actually secure the border,” Mr. Good said.Mr. Burchett, one of the eight Republicans who voted to oust Mr. McCarthy, rolled his eyes when asked about Mr. McHenry’s entreaties not to make the perfect the enemy of the good.“McHenry’s leaving,” he said of the congressman, who has announced he will not run for re-election next year. More

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    The Davos Consensus: Donald Trump Will Win Re-Election

    In private, many business and political leaders at the World Economic Forum say they expect Donald Trump to return to the White House. Many business leaders at the World Economic Forum in Switzerland say Donald Trump will win the race for the White House.Denis Balibouse/ReutersThe Davos consensus on the presidential election Publicly, the global business leaders who gathered at the World Economic Forum in Davos, Switzerland, haven’t wanted to predict the winner of the upcoming U.S. presidential election. The closest they’ve come? Referring to it as a “geopolitical risk.”But talk to executives privately, and they’re more explicit: They expect Donald Trump to win and while many are worried about that, they are also resigned to it.The predictions of a Trump victory came in different forms. Many pointed to the headlines and the mood in the U.S. One senior banker told DealBook that you only had to look at the polls to figure out that Trump was on track to win.Jamie Dimon of JPMorgan Chase also got a lot of attention for his comments. In an interview with Andrew on CNBC, he didn’t predict that Trump would win, but suggested that dismissing the former president and his supporters would be a mistake.“Just take a step back and be honest,” Dimon said, listing the things that he thought Trump got at least partially right: NATO, immigration, the economy, China and more. “He wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” he said.“I think this negative talk about MAGA will hurt [President] Biden’s campaign,” he added.That said, the Davos crowd often gets things wrong. A common critique of those who attend the forum is that they are a contra-indicator of what’s to come, so their expectations could bode well for Biden or for Trump’s Republican rivals. “Trump is already the president at Davos — which is a good thing because the Davos consensus is usually wrong,” Alex Soros, the son of George Soros, said on a panel.A little history: The Davos consensus was that Hillary Clinton would beat Trump in 2016. And in 2020, the prevailing view was that there were few risks to the economy … as the pandemic began to explode.Seen and heard:Perhaps the biggest complaint among attendees was about the long lines everywhere, especially at the Grandhotel Belvédère. Many complained that the process of entering the building — with wait times sometimes reaching an hour — was worse than ever and it didn’t matter whether you were a business titan or a less famous guest. One executive complained to DealBook that the security was more restrictive than at U.S. airports because he had to take off his Apple Watch every time. At previous gatherings, executives wanted a room at the Belvédère because the hotel was considered the best in town and was closest to the main venue — but many told DealBook that they no longer do.Despite the rigid class system — people are assigned different colored badges that grant various levels of access — the event has odd ways of leveling the playing field, at least a little. At last night’s Salesforce party, the hottest ticket of the week, even billionaires had to wait outside with everyone else to get in to watch Sting perform.HERE’S WHAT’S HAPPENING Congress approved a stopgap spending bill to avert a government shutdown. President Biden is expected to sign the bill into law on Friday to keep the federal government operating through to early March. It’s the third such stopgap bill since October.Jamie Dimon gets a big bump in pay. JPMorgan Chase’s board granted its C.E.O. $36 million in compensation for 2023, a year in which the bank weathered a banking crisis and rising interest rates, and generated record profit. The 67-year-old, the longest tenured chief of a large American bank, has not given any indication on when he might retire.Reddit reportedly considers a March public listing. The social media platform is said to be moving forward with a long-held plan to file for an I.P.O. in the first quarter, according to Reuters. The market for new listings has been a bumpy one and the outlook looks little improved this year.Macy’s will cut thousands of jobs. The country’s biggest department store operator will lay off 2,350 employees, about 3.5 percent of the work force. The cuts come as Tony Spring, a veteran retail executive, prepares to take over as C.E.O. next month. Macy’s has been struggling with slowing sales since the pandemic-inspired shop-from-home boom shook up the retail sector.BYD doubles down on overseas expansion. The Warren Buffett-backed Chinese maker of electric vehicles plans to invest $1.3 billion in a new Indonesian factory as it continues its aggressive push beyond its home market. Indonesia is home to the world’s largest reserves of nickel, a crucial mineral in production of E.V.s.The E.S.G. exodus intensifies The money flowing out of E.S.G. funds has gone from a trickle to a torrent as investors sour on a sector hit by greenwashing concerns, red-state boycotts and boardroom debates.The investing strategy has become increasingly politicized after being used by companies to address environmental, social, and governance issues among their employees, customers and other stakeholders. In a sign of the times, the phrase has been scrubbed from the World Economic Forum’s official program in Davos, after being on the agenda in previous years.Investors pulled $5 billion out of E.S.G.-focused “sustainable” investment funds last quarter, according to a new report by Morningstar. The withdrawals occurred despite a wider market rally at the end of 2023.E.S.G. funds saw outflows of $13 billion for the full year. All in all, it was the “worst calendar year on record,” wrote Alyssa Stankiewicz, Morningstar’s director of sustainability research.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    How Biden’s Immigration Fight Threatens His Biggest Foreign Policy Win

    The debate over immigration in the United States is spilling over into other parts of President Biden’s agenda, particularly the war in Ukraine.The soaring number of people crossing into the United States from Mexico has been a political vulnerability for President Biden for the past three years, chipping away at his approval rating and opening him up to political attacks.But now, the crisis is threatening to upend America’s support for the war in Ukraine, throwing the centerpiece of Mr. Biden’s foreign policy into jeopardy.After a meeting with Mr. Biden at the White House on Wednesday, Speaker Mike Johnson insisted that the Republican-led House would not pass legislation to send aid to Ukraine unless Democrats agreed to sweeping new restrictions at the U.S.-Mexico border.And even if the two sides do come to some sort of agreement, many Republicans, especially in the House, would be loath to give an election-year win to Mr. Biden on an issue that has given them a powerful line of criticism toward the White House. The issue is also at the center of the candidacy of Mr. Biden’s likely opponent this fall, former President Donald J. Trump.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Iowa Caucus Recap: Trump’s Win, the Weather, and a Look Toward New Hampshire

    Listen to and follow ‘The Run-Up’Apple Podcasts | Spotify | AmazonAnna Foley and Lanny Van Daele casting his presidential preference vote in Coralville, Iowa, on Monday.Jim Slosiarek/The Gazette, via Associated PressGoing into the Iowa caucuses, there were a handful of key things we were watching for: Would the frigid weather hamper turnout? Would his overwhelming dominance in the polls translate to a decisive victory for Donald Trump? And finally, could the other candidates muster enough of a showing to keep the race alive?Today: Through conversations with Iowa caucus goers — especially those who preferred another candidate to Trump — we get answers to our questions. And we check in with our colleague Nick Corasaniti in New Hampshire about how the state’s independents are approaching the primary next week — and how confident Trump is of a second early state victory.About ‘The Run-Up’“The Run-Up” is your guide to understanding the 2024 election. Through on-the-ground reporting and conversations with colleagues from The New York Times, newsmakers and voters across the country, our host, Astead W. Herndon, takes us beyond the horse race to explore how we came to this unprecedented moment in American politics. New episodes on Thursdays.Credits“The Run-Up” is hosted by More