Washington Today (8-1-25): Wall Street falls, Pres. Trump fires BLS head, after weak jobs report
August 1, 2025
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46:55Now PlayingWashington Today (8-1-25): Wall Street falls, Pres. Trump fires BLS head, after weak jobs report
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as posted by the channelWall Street falls after a weak July jobs report, combined with a downward revision to the jobs numbers for May and June and concerns about President Donald Trump's tariff schedule, finalized overnight with rates ranging from 10% to 50% for dozens of countries'.
President Trump fires the head of the Bureau of Labor Statistics, citing the jobs numbers revisions, calling her a "Biden Political Appointee" and saying, "She will be replaced with someone much more competent and qualified".
President again calls on the Senate to cancel August recess and stay in session to confirm a large backlog of his nominations. Senate Republicans have asked the Democrats to bundle some nominations and approve them with a voice vote, but the Democrats have refused.
Texas House Committee on Congressional Redistricting holds its first hearing since the Republicans put forth a proposed new district map designed by their own admission to give them an advantage in five more U.S. House seats.
Former President Joe Biden warns the country is facing 'dark days' under President Trump.
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