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2:15 PM ET, July 2, 2025

memeorandum

 Top Items: 
New York Times:
Paramount to Pay Trump $16 Million to Settle ‘60 Minutes’ Lawsuit  —  President Trump sued Paramount over a “60 Minutes” interview with his opponent, former Vice President Kamala Harris.  —  Paramount has agreed to pay President Trump $16 million to settle his lawsuit over the editing …
RELATED:
Fox News:
Paramount, CBS forced to pay eight figures, change editorial policy in settlement with President Trump  —  Result of the agreement on lawsuit could reach north of $30 million with $16 million upfront  —  FIRST ON FOX - Paramount Global and CBS agreed on Tuesday to pay President Donald Trump …
Reuters:
Paramount settles with Trump over ‘60 Minutes’ interview for $16 million  —  CBS parent company Paramount (PARA.O) on Wednesday settled a lawsuit filed by U.S. President Donald Trump over an interview broadcast in October, the latest concession by a media company to a president who has targeted outlets …
Meg James / Los Angeles Times:
Paramount agrees to pay $16 million to settle Trump's CBS ‘60 Minutes’ lawsuit
David Bauder / Associated Press:
Paramount will pay $16 million in settlement with Trump over ‘60 Minutes’ interview
CBS News:
Paramount, President Trump reach $16 million settlement over “60 Minutes” lawsuit
Bloomberg:
Trump Meets GOP Hardliners as Tax Bill Hits Resistance in House  —  President Donald Trump is meeting with a faction of conservative lawmakers at the White House who have threatened to sink his signature tax legislation over its $3.4 trillion price tag as lawmakers cast doubt on whether it can pass by July 4.
RELATED:
Ezra Klein / New York Times:
The Disaster That Just Passed the Senate
Hans Nichols / Axios:
Thune's big, bold bill has rattled House Republicans
Jennifer Rubin / The Contrarian:
The bottom line: The bill is cruel.
Discussion: New Republic, PennLive and Politico
New York Times:
Trump Says U.S. Has Reached Trade Deal With Vietnam  —  The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.  —  President Trump said on Wednesday that the United States had reached …
RELATED:
Josh Boak / Associated Press:
Analysis shows Trump's tariffs would cost US employers $82.3 billion  —  An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump's current tariff plans, a sum that could potentially be managed through price hikes, layoffs, hiring freezes or lower profit margins.
Alex Gangitano / The Hill:
Trump announces trade deal with Vietnam
Todd Richmond / Associated Press:
Wisconsin Supreme Court's liberal majority strikes down 176-year-old abortion ban  —  The Wisconsin Supreme Court's liberal majority struck down the state's 176-year-old abortion ban on Wednesday, ruling 4-3 that it was superseded by a newer state law that criminalizes abortions only after a fetus can survive outside the womb.
RELATED:
Alex Harring / CNBC:
The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says … Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP said Wednesday, in a possible sign that the economy may not be as sturdy as investors believe …
RELATED:
Bloomberg:   US Private Payrolls Fall for First Time in Two Years in ADP Data
Kara Carlson / Bloomberg:
Tesla Sales Fall 13%, Putting Carmaker on Course for Annual Drop  —  Tesla Inc. shares jumped after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared.  —  The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier.
RELATED:
Melissa Gira Grant / New Republic:
The Grand Opening of an American Concentration Camp  —  What were you doing the day the president attended the opening of an American concentration camp in the Everglades?  Dubbed “Alligator Alcatraz” by Republican officials because of the predators living in the surrounding swampland …
RELATED:
William Kristol / The Bulwark:
How to Turn the U.S. Into an Immigration Police State in One Big Bill
Emily Peck / Axios:
Immigration crackdown ripples through economy  —  President Trump's immigration crackdown is hitting key pockets of the economy, disrupting workplaces and communities around the country. … - There will be fewer workers to produce goods and services, slowing down growth and putting pressure on wages.
RELATED:
Brittany Gibson / Axios:
Local officials grow wary of helping ICE detain immigrants
Discussion: KTOO
Politico:
Megabill hits an unexpected procedural snag  —  Republican leaders aren't only scrambling to find the votes to push their megabill through the House, they're also dealing with an unexpected procedural issue that could complicate floor consideration of the “big, beautiful bill.”
Discussion: Raw Story
RELATED:
Mychael Schnell / The Hill:
House Rules Committee advances Trump megabill as potential GOP revolt looms
Russ Buettner / New York Times:
Trump's Finances Were Shaky.  Then He Began to Capitalize on His Comeback. … An attendee posed with a cutout of President Trump at a Bitcoin conference in Las Vegas at the end of May.Gabriela Bhaskar/The New York Times  —  Last spring, even as Donald J. Trump's march back toward …
Discussion: The Independent and Raw Story
Reuters:
Iran enacts law suspending cooperation with UN nuclear watchdog  —  Iranian President Masoud Pezeshkian put into effect on Wednesday a law passed by parliament last week to suspend cooperation with the U.N. nuclear watchdog, the IAEA, Iranian state media reported.
RELATED:
Aaron Krolik / New York Times:
Lack of New U.S. Sanctions Allows Restricted Goods and Funds Into Russia  —  President Trump has issued no new restrictions on Russia this year, in effect allowing Moscow to acquire the money and materials it needs in its conflict with Ukraine.  —  Since President Trump returned to office in January …
CNN:
Trump pick to run federal watchdog: A 30-year-old who once shared a 9/11 conspiracy video and has ties to a Holocaust denier  —  The man President Donald Trump wants to put in charge of protecting whistleblowers - and rooting out government corruption - is a 30-year-old lawyer with barely …
Emma Epperly / Idaho Education News:
Attorney general: ‘Everyone is Welcome Here’ sign cannot be displayed in Idaho schools  —  (UPDATED, 3:30 p.m., Monday, with comments from Sarah Inama.)  —  The “Everyone is Welcome Here” sign that sparked a viral nationwide controversy can no longer be displayed in Idaho schools …
Discussion: East Bay Times
Financial Times:
Ukraine summons top US diplomat after Washington halts some arms supplies  —  Reduction in weapons shipments makes Kyiv more vulnerable to Russia's escalating attacks  —  Christopher Miller and Fabrice Deprez in Kyiv and James Politi in Washington  —  Ukraine summoned a top diplomat …
Nahal Toosi / Politico:
Inside the Dysfunction at Rubio's Shrunken National Security Council  —  Fewer meetings, more top-down demands and worries some officials may go rogue are upending the system.  —  When the Pentagon recently launched a review of a landmark security pact with Australia and the United Kingdom …
Discussion: Drezner's World and Raw Story
NBC News:
Fox News, MAGA hats and cookies: Inside Trump's West Wing  —  Trump likes to see whom he wants and call whom he chooses, and in the new term, he presides over a White House that mirrors the man, current and former aides say.  —  WASHINGTON — The military leaders who came to the Oval Office …
New York Times:
Pardoned Jan. 6 Rioter Who Threatened Police Joins Justice Dept.  —  The pardoned rioter, a former F.B.I. agent who was charged with encouraging the mob that stormed the Capitol, is a counselor to Ed Martin, the director of the so-called weaponization committee.
Josh Kovensky / Talking Points Memo:
DOJ Opens Door To Stripping Citizenship Over Politics  —  It's the latest example of the Trump administration's assault on citizenship.  —  Throughout the campaign, Republicans teased an idea: the next Trump government would start to remove the citizenship of naturalized Americans.
 
 
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 More Items: 
CIA:
CIA Director John Ratcliffe Declassifies Internal Tradecraft Review of 2016 Election ICA to Promote Analytic Objectivity and Transparency
New York Times:
How Immigration Could Muddy the Jobs Numbers
Megan Messerly / Politico:
Trump is ‘working the phones’ to get megabill over the finish line
Discussion: The Hill and Roll Call
Evlondo Cooper / Media Matters for America:
National TV news largely failed to connect the record-breaking eastern U.S. heat dome to climate change
Discussion: Truthout
Mackenzie Knight-Boyle / Washington Post:
How a nuclear attack on the U.S. might unfold, step by step
 Earlier Items: 
Wendy Edelberg / American Enterprise Institute:
Immigration Policy and Its Macroeconomic Effects in the Second Trump Administration
Discussion: Scripps News
Rich Lowry / New York Post:
Trump's racking up wins — and rewriting the book on diplomacy
Liz Dye / Public Notice:
Abrego Garcia is a fake gangster. Trump and Bukele are not.
Paul Krugman:
Muskenfreude  —  When an oligarch confronts an autocrat, guess who wins?
New York Times:
Trump Withholds Nearly $7 Billion for Schools, With Little Explanation
 

 
From Mediagazer:

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal
 
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