Washington Edition
What's ahead after arrest of Kirk's killer
View in browser
Bloomberg
by Hadriana Lowenkron

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Every Friday, White House correspondent Hadriana Lowenkron delivers a roundup of the key news and events in politics, policy and economics that you need to know. Sign up here and follow us at @bpolitics. Email our editors here.

Anger and Blame

With the arrest of a suspect in the killing of conservative activist Charlie Kirk, the question before the nation now is, what comes next.

A trail of blame and vitriol from the left and right spread across social media in the wake of the killing. Among elected officials, there were calls for unity mixed with finger-pointing from some of Kirk’s allies at what they called leftist extremists.

In an interview this morning on Fox News, President Donald Trump acknowledged there are radicals on the right but suggested they are motivated by concerns about crime and immigration. “The radicals on the left are the problem,” he said, calling them “vicious.” 

But he also said that Americans shouldn’t live in fear of political violence and said his supporters should seek “revenge at the voter box.”

Read More: 

The increasingly polarized nature of society has resulted in members of both political parties blaming the other for extremist attacks, which could exacerbate the problem, according to Riley McCabe, an associate fellow of warfare, irregular threats and terrorism at the Center for Strategic and International Studies.

McCabe authored a study published by CSIS last October that found the number of domestic terrorist attacks and plots against government targets motivated by partisan political beliefs in the past five years is nearly triple the number of such incidents in the previous 25 years combined, though they remain rare.

“In our response to flashpoint events, these extremists should not be used to characterize entire political movements,” McCabe told me. “Lots of people hold extremist views, what some may consider extremist views; a tiny, tiny fraction of those people actually act on them.

Republican strategist Maura Gillespie said the nation needs to hear a unifying message like then-President George W. Bush delivered after the Sept. 11, 2001, terrorist attacks “to remind us that we are all Americans.” 

Utah Governor Spencer Cox, a Republican, said it’s imperative for the nation to find a way past anger and blame.

“We can return violence with violence, we can return hate with hate,” he said at a news conference where the arrest of 22-year-old Tyler Robinson was announced. “And that’s the problem with political violence, is it metastasizes, because we can always point the finger at the other side, and at some point we have to find an off ramp, or it’s going to get much, much worse.”

Don’t Miss

Trump said he plans to deploy the National Guard to Memphis in the latest escalation of his administration’s efforts to crack down on what it casts as rampant crime in Democratic-run cities.

The president suggested his administration may pursue a racketeering investigation against George Soros or his family, accusing the Democratic megadonor of funding protests.

BlackRock executive Rick Rieder is rising up the list of contenders to serve as the next chair of the Federal Reserve after Jerome Powell’s term expires in May, according to an administration official.

The EPA plans to end standards that compel power plants, industrial facilities, oil refineries and other major polluters to collect and report data on their emissions.

Consumer sentiment fell in September to the lowest since May and long-term inflation expectations rose for the second straight month, as concerns about jobs and prices weighed on the economic outlook.

An appeals court asked for written arguments over the weekend in Trump’s effort to fire Fed Governor Lisa Cook before the central bank’s upcoming vote on interest rates, suggesting a decision as soon as Sunday.

The US will urge its allies in the Group of Seven to impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to pressure President Vladimir Putin to end his war in Ukraine.

Union Pacific’s chief executive officer discussed the railroad’s proposed $72 billion acquisition of rival Norfolk Southern with Trump as the company seeks regulatory approval for the deal.

The Justice Department charged two men for allegedly bilking US investors out of millions of dollars by inflating the price of US shares in a China-based company.

Watch & Listen

Today on Bloomberg Television’s Balance of Power early edition at 1 p.m., host Joe Mathieu interviewed Mara Rudman, professor at the University of Virginia's Miller Center and a former US diplomat, about possible new sanctions on Russia and the administration’s response to Israel’s strike in Qatar.

On the program at 5 p.m., he talks with Utah Attorney General Derek Brown about the arrest of a suspect in Kirk’s killing and what comes next.

On the Big Take podcast, Bloomberg White House reporter Josh Wingrove joins host Sarah Holder to discuss Kirk’s death, the political legacy he leaves behind and how the political world is reacting to his death. Listen on iHeart, Apple Podcasts and Spotify.

Chart of the Day

The weak labor market appears to be giving employers the upper hand right now on wages. The proportion of workers who haven't seen raises has been ticking up from the low seen in mid-2023, according to the Federal Reserve Bank of Atlanta. The Fed's Wage Growth Tracker measures median nominal wage growth of individuals year over year. The overall median is generally the most watched series. But that midpoint can hide some interesting details because it leaves out the wide range of employee experiences. In August, around one quarter of individuals got a wage bump of more than 14% from a year earlier. That's about the same share that received no raise. Millions of workers saw only marginal raises. The increase in flat wages is an indication of a faltering labor market, as wage freezes become more prevalent when the economy slows down. — Alex Tanzi

What’s Next

Retail sales for August will be reported on Tuesday.

The import price index also will be reported on Tuesday.

Trump is scheduled to depart Tuesday for a state visit to the UK.

Housing starts in August will be released Wednesday.

The Fed announces a decision on its benchmark interest rate Wednesday.

Existing home sales for August will be reported Sept. 23.

The deadline for Congress to approve funding for government operations in the new fiscal year is Sept. 30.

Seen Elsewhere

  • The growing number of publicly financed school voucher programs is reshaping private school education, with small, religious schools getting many of the student transfers, the New York Times reports.
  • A midshipman at the US Naval Academy was shot and wounded by a law enforcement officer amid confusion while authorities responded to what turned out to be a hoax report of a shooting, NBC Washington reports.

More From Bloomberg

Like Washington Edition? Check out these newsletters:

  • Breaking News Alerts for the biggest stories from around the world, delivered to your inbox as they happen
  • California Edition for a weekly newsletter on one of the world’s biggest economies and its global influence
  • FOIA Files for Jason Leopold’s weekly newsletter uncovering government documents never seen before
  • Morning Briefing Americas for catching up on everything you need to know
  • Balance of Power for the latest political news and analysis from around the globe

Explore all newsletters at Bloomberg.com.

Follow Us
You received this message because you are subscribed to Bloomberg's Washington Edition newsletter. If a friend forwarded you this message, sign up here to get it in your inbox.
Unsubscribe
Bloomberg.com
Contact Us
Bloomberg L.P.
731 Lexington Avenue,
New York, NY 10022
Ads Powered By Liveintent Ad Choices