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      Harris and Trump Offer a Clear Contrast on the Economy

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      Both candidates embrace expansions of government power to steer economic outcomes — but in vastly different areas.Vice President Kamala Harris and former President Donald J. Trump flew to North Carolina this week to deliver what were billed as major speeches on the economy. Neither laid out a comprehensive policy plan — not Ms. Harris in her half-hour focus on housing, groceries and prescription drugs, nor Mr. Trump in 80 minutes of sprinkling various proposals among musings about dangerous immigrants.But in their own ways, both candidates sent voters clear and important messages about their economic visions. Each embraced a vision of a powerful federal government, using its muscle to intervene in markets in pursuit of a stronger and more prosperous economy.They just disagreed, almost entirely, on when and how that power should be used.In Raleigh on Friday, Ms. Harris began to put her own stamp on the brand of progressive economics that has come to dominate Democratic politics over the last decade. That economic thinking embraces the idea that the federal government must act aggressively to foster competition and correct distortions in private markets.The approach seeks large tax increases on corporations and high earners, to fund assistance for low-income and middle-class workers who are struggling to build wealth for themselves and their children. At the same time, it provides big tax breaks to companies engaged in what Ms. Harris and other progressives see as delivering great economic benefit — like manufacturing technologies needed to fight global warming, or building affordable housing.That philosophy animated the policy agenda that Ms. Harris unveiled on Friday. She pledged to send up to $25,000 in down-payment assistance to every first-time home buyer over four years, while directing $40 billion to construction companies that build starter homes. She said she would permanently reinstate an expanded child tax credit that President Biden temporarily established with his 2021 stimulus law, while offering even more assistance to parents of newborns.She called for a federal ban on corporate price gouging on groceries and for new federal enforcement tools to punish companies that unfairly push up food prices. “My plan will include new penalties for opportunistic companies that exploit crises and break the rules,” she said, adding: “We will help the food industry become more competitive, because I believe competition is the lifeblood of our economy.”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? Log in.Want all of The Times? Subscribe. More

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      Trump Transition Team to Include Howard Lutnick and Linda McMahon

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      Former President Donald J. Trump has appointed two of his friends and financial backers to oversee a transition team preparing for his potential return to power.The move comes as polls show that his once-commanding lead evaporated after President Biden dropped out and Vice President Kamala Harris became the Democratic nominee.The two co-chairs of a Trump transition, Linda E. McMahon and Howard Lutnick, will oversee efforts to identify and vet potential political appointees and draft executive orders and other plans to implement Mr. Trump’s policy proposals on matters ranging from a sweeping crackdown on immigration to hiking tariffs on imported goods.The selection of the two, which the Trump campaign announced on Friday, was notable for several reasons. As a matter of timing, it came months after presidential campaigns normally start working on contingency planning to ensure a smooth transition should their candidate win the election.It was also striking that neither Ms. McMahon nor Mr. Lutnick has been associated with Project 2025, an effort by a consortium of conservative think tanks to develop personnel and policy transition planning for the next Republican president. While Mr. Trump has close ties to leaders of that effort, he has recently tried to distance himself from it as Democrats have seized on some of its more radical proposals.“I have absolute confidence the Trump-Vance administration will be ready to govern effectively on day one,” Mr. Trump said in a statement accompanying the announcement of his 2024 transition team.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? Log in.Want all of The Times? Subscribe. More

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      Secret Service Pulls From Biden’s Protective Team to Guard Trump

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      In the aftermath of an assassination attempt last month, the agency has shifted members of President Biden’s protective team to the Trump campaign.The Secret Service has bolstered former President Donald J. Trump’s security in a variety of ways since the assassination attempt on him last month, several people familiar with the matter said on Thursday, including by temporarily shifting part of President Biden’s protective team to Mr. Trump.The Secret Service has also secured ballistic glass, which is designed to repel bullets, to provide enhanced protection for Mr. Trump at future outdoor campaign rallies, those people added, speaking on the condition of anonymity to discuss confidential methods.The reassignment of members of a president’s team to a candidate is unusual, said a Secret Service official, who spoke on the condition of anonymity to discuss confidential policy matters. But the increased threat of violence against Mr. Trump, combined with Mr. Biden’s recent reduced travel schedule, made the step both necessary and feasible, the official added.A White House spokesman had no immediate comment, and a Trump campaign spokeswoman declined to comment.The Secret Service has been under a cloud since July 13, when a gunman was able to fire, unimpeded, on Mr. Trump at an outdoor campaign rally in Butler, Pa. The attack grazed Mr. Trump’s ear, killed a spectator and seriously wounded two others. The F.B.I. is investigating, and congressional leaders have also opened inquiries.The Secret Service has taken responsibility for the security lapses that made the shooting possible. Kimberly A. Cheatle resigned as the agency’s director and has been replaced. But even as it reels from its worst presidential security breach in more than four decades, the agency has had to continue its mission of protecting three dozen current and former officials, and their families, through what is proving to be a challenging and intense presidential campaign 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? Log in.Want all of The Times? Subscribe. More

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      Trump Made $300,000 for Endorsing Bible, Financial Disclosure Shows

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      Donald J. Trump also listed $100 million in liabilities over judgments he owes in civil cases, and over $1 million in crypto holdings as he courts the industry for his campaign.Donald J. Trump’s latest financial disclosure lists more than $100 million in liabilities stemming from three civil lawsuits he lost in New York that required him to obtain bonds to pay the judgments — but also profits from licensing fees at Trump-branded properties in Dubai and Oman, as well as income that he made from his post-presidential books, including a Trump-endorsed Bible.The former president also holds more than $1 million in cryptocurrency as he courts the industry for financial support in his 2024 campaign. A related industry, NFT collectibles, is also a source of income.The disclosure, filed on Thursday and required annually for federal candidates and officeholders, often describes assets, investments, sources of income and liabilities in broad ranges, though some figures are provided in greater detail.The three new liabilities that appear on Mr. Trump’s form are all related to his legal troubles, including a line item of more than $50 million to cover his bond in a civil fraud case brought by the New York attorney general, Letitia James.The two judgments against him in the sexual abuse case involving E. Jean Carroll are listed as “litigation; stayed pending appeal; bonded.” The larger of the two is listed in the largest category for liabilities: $50 million or more. The actual judgment was for $83.3 million.The book “Letters to Trump,” a compendium of personal notes that various celebrities have written to Mr. Trump over many decades, with short blurbs about the people in question, brought in $4.5 million, according to the filing. (The book includes a letter from Willie Brown, the former mayor of San Francisco with whom Mr. Trump claims he was traveling when they experienced an emergency helicopter landing. Mr. Trump included that anecdote in the book, but Mr. Brown says it did not take place, and another Black politician from California, Nate Holden, says it was actually him on that helicopter ride.)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? Log in.Want all of The Times? Subscribe. More

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      2026 Prices for Drugs That Are Subject to Negotiations

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      The prices were made possible by the Inflation Reduction Act, which granted the health secretary the authority to negotiate on behalf of Medicare.The Biden administration on Thursday announced the results of negotiations between Medicare and pharmaceutical companies over the prices of 10 costly or common medications. The new prices, which will take effect in 2026, are the maximum Medicare Part D plans and patients will pay for a one-month supply.1. Eliquis, for preventing strokes and blood clots, from Bristol Myers Squibb and Pfizer, $2312. Jardiance, for diabetes and heart failure, from Boehringer Ingelheim and Eli Lilly, $1973. Xarelto, for preventing strokes and blood clots, from Johnson & Johnson, $1974. Januvia, for diabetes, from Merck, $1135. Farxiga, for diabetes, heart failure and chronic kidney disease, from AstraZeneca $1786. Entresto, for heart failure, from Novartis, $2957. Enbrel, for autoimmune conditions, from Amgen, $2,3558. Imbruvica, for blood cancers, from AbbVie and Johnson & Johnson, $9,3199. Stelara, for autoimmune conditions, from Johnson & Johnson, $4,69510. Fiasp and NovoLog insulin products, for diabetes, from Novo Nordisk, $119 More

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      RFK Jr. Sought a Meeting With Kamala Harris to Discuss a Cabinet Post

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      Robert F. Kennedy Jr., the independent presidential candidate whose standing has dropped in the polls, sought a meeting with Vice President Kamala Harris to discuss endorsing her in exchange for a promise of a cabinet post, according to two people briefed on the outreach who insisted on anonymity to discuss private conversations.His effort has been unsuccessful. The news was first reported by The Washington Post.“We’ve reached out repeatedly through the highest level intermediaries,” Mr. Kennedy wrote in a text message on Wednesday night. “We’ve been told that they have no interest in talking with me.”There was little chance the Harris campaign would engage with Mr. Kennedy. Public and private polling has found that as he spent the summer attacking President Biden, he began to draw more support from voters otherwise predisposed to back former President Donald J. Trump. Now Ms. Harris does better in some surveys when Mr. Kennedy is included than when she is tested in a head-to-head matchup with Mr. Trump.Mr. Kennedy, long seen as a potential spoiler in the race, has slipped in polls and struggled to raise money, and he has appeared to consider potential off ramps as speculation has grown about whether he might drop out and, if so, whether he would endorse Ms. Harris or Mr. Trump.On Wednesday night, Mr. Kennedy wrote: “I’ve always argued that we should be willing to talk with each other across party lines. I’m willing to meet with leaders of both parties to discuss the possibility of a unity government.”The Post reported last month that Mr. Kennedy had held talks with Mr. Trump about a possible cabinet job, proposing a role in public health leadership, in exchange for his support. And in a leaked video of a phone call between the two men, Mr. Trump tried to cajole Mr. Kennedy to exit the race and endorse him.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? Log in.Want all of The Times? Subscribe. More

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      Gwen Walz, la esposa calmada y ultracompetente de Tim Walz

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      [Estamos en WhatsApp. Empieza a seguirnos ahora]En 2006, durante su primera campaña para el Congreso, Tim Walz tenía previsto hablar en una cena de recaudación de fondos en Mankato, su ciudad natal en Minnesota. En ese momento, era un político desconocido que participaba en una campaña muy reñida contra un candidato titular que había ocupado el cargo durante seis mandatos. La cena le brindaba la oportunidad de hacer campaña en su distrito local del Partido Demócrata-Agrario-Laborista de Minnesota y aumentar los fondos de su campaña.Solo había un problema: Walz tenía laringitis.Mientras los invitados se servían la comida, se sorprendieron al ver que otra persona subía al escenario: Gwen Walz, la esposa de Walz.Estaba acostumbrada a hablar ante grandes grupos: al igual que su marido, Gwen Walz había sido profesora de una escuela pública durante más de una década. Los asistentes quedaron impresionados por su seguridad y claridad.“Hubo otros candidatos que hablaron, y ella fue la más elocuente del grupo”, dijo John Klaber, un residente de North Mankato que asistió a la recaudación de fondos hace casi dos décadas. “Todos miramos a nuestro alrededor y dijimos: ‘¿Por qué ella no se postula?”.La mayor parte del público estadounidense pudo ver por primera vez al gobernador Tim Walz la semana pasada en un mitin en Filadelfia junto a la vicepresidenta Kamala Harris, quien ese mismo día había anunciado que era su compañero de fórmula. Al final de su discurso, el país también pudo ver por primera vez a la mujer con la que ha estado casado durante 30 años.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? Log in.Want all of The Times? Subscribe. More

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      Inflation Progress Cheers Biden and Democrats

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      After more than two years of being politically battered over soaring prices, Wednesday’s inflation report left many Democrats feeling victorious.Consumer prices rose 2.9 percent in the year through July, falling below 3 percent for the first time since 2021. The report keeps the Federal Reserve on track to cut interest rates next month, a move that could lift economic sentiment in the United States ahead of the November election.“We’ve won the battle against inflation,” Bharat Ramamurti, former deputy director of the National Economic Council, wrote on X. “It’s time for the Fed to begin cutting rates.”Congressional Democrats were also using the report to push the Fed to cut aggressively.“Inflation is down,” Senator Martin Heinrich of New Mexico, the chairman of the Joint Economic Committee, said in a news release. “The price of gas or a new car have fallen over the last year. And many families can now breathe a bit easier. Now, we need to make sure that this relief is reaching all Americans.”Republicans have been hammering Democrats over inflation and are unlikely to let them off the hook. They continue to note that prices are up nearly 20 percent since President Biden took office and note that the labor market is showing signs of slowing.“Despite a small improvement in the rate of price increases, the damage from the Biden-Harris administration’s philosophy of ‘tax it, regulate it, and spend it’ is done and continues to plague the economy,” said Representative Jodey Arrington of Texas, the chairman of the House Budget Committee. “It’s hard to fathom how hardworking American families can survive another four years of the Biden-Harris failed economic agenda.”Vice President Kamala Harris, the Democratic presidential nominee, has pledged to crack down on corporate price gouging and is expected to lay out additional plans for lowering costs in a speech this week.Former President Donald J. Trump, her Republican opponent, will hold a rally in Pennsylvania this weekend with a focus on inflation, according to his campaign. He has claimed that the Biden administration’s spending policies have fueled record levels of inflation.“Under Kamala Harris, everything costs 20 percent more than it did under President Trump,” said Karoline Leavitt, the Trump campaign’s national press secretary. “America cannot afford another four years of Kamala’s failed economic policies.”While Mr. Biden cheered the inflation figures, he cautioned that the cost of living remained too expensive. He said large corporations had been sitting on record profits and failing to do enough to help.“We have more work to do to lower costs for hardworking Americans, but we are making real progress,” Mr. Biden said, while noting that wages have outpaced price increases for 17 months running. “Prices are still too high.” More