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July 5, 2022
Presented by The Electronic Payments Coalition
Millions of Americans love using their credit cards and rely on them for rewards that help cover gas, groceries, and travel. The Durbin-Marshall Credit Card Bill puts these rewards in jeopardy. Congress: oppose the Durbin-Marshall Credit Card Bill!
PRESENTED BY
THE TOP
It’s Tuesday morning.
We begin today in a familiar place. In a nation awash in guns, this July 4th holiday saw more horrific gun violence. This time, two shootings marred celebrations of the country’s 246th birthday.
| → | Six people died and two dozen were injured in a mass shooting in another American city. This time it was Highland Park, Ill., a Chicago suburb. Videos from the incident, including from our friend Lynn Sweet, a longtime Chicago Sun-Times reporter, showed a chaotic scene as the panicked crowd fled from a shooter atop a building. A “person of interest” was later arrested. |
Here’s the Chicago Tribune describing the nightmarish scene:
Pritzker is in the middle of a re-election campaign. His GOP gubernatorial opponent, Darren Bailey, made a brief reference to the Highland Park massacre in a Facebook video, then declared “Let’s move on and let’s celebrate.”
Here’s more from the Chicago Tribune:
Bailey, a state senator, later apologized. “I apologize if in any way we diminished the pain being felt across our state today,” Bailey said in a statement.
Over the holiday weekend – and this isn’t including the terrible Highland Park massacre – nine people were shot to death in Chicago with another 52 wounded.
| → | In Philadelphia, two police officers were shot during that city’s July 4th fireworks show and free concert. Like Highland Park, videos from the scene showed a terrified crowd fleeing the scene. |
The officers were later released from the hospital. One officer had a bullet lodged in his hat but miraculously survived the incident.
From the Philadelphia Inquirer:
So here we are, the day after Independence Day.
– Jake Sherman and John Bresnahan
New: Join us on Wednesday, July 20 at 7:45 a.m. ET for our interview with Sens. Marco Rubio (R-Fla.) and Ben Cardin (D-Md.) at Goldman Sachs 10,000 Small Businesses Advocacy Day at Nationals Park. We’ll be talking to Rubio and Cardin about the challenges facing small business owners coming out of the pandemic. Cardin is the chair of the Senate Small Business Committee and Rubio is the second-ranking Republican on the panel. This event is the third in the four-part “Road to Recovery” series sponsored by Goldman Sachs 10,000 Small Businesses Voices. RSVP here!
MONEY GAME
Exclusive: Slotkin posts big Q2 numbers
News: Rep. Elissa Slotkin (D-Mich.) raised just over $1.5 million in the second quarter of 2022, according to fundraising numbers we got a sneak peak at.
Slotkin enters the four-month stretch before the midterms with a whopping $6.5 million cash on hand.
Make no mistake, Slotkin’s Lansing-area seat will be one of the toughest for Democrats to hold, particularly in an election year that heavily favors Republicans.
But the Frontline Democrat has two things going for her — she’s an incumbent with high name ID, and she has a huge cash advantage. Plus, the former CIA analyst has already won two battleground races in 2018 and 2020. Former President Donald Trump narrowly carried Slotkin’s district in 2020.
Slotkin’s GOP opponent, Tom Barrett, had $396,000 cash on hand at the end of the first quarter. Barrett is a Michigan state senator and Army veteran.
Yet Slotkin, like every vulnerable Democrat, will have to significantly outrun President Joe Biden’s abysmal poll numbers, which are hovering in the high thirties right now.
Also: Slotkin is going up with her first TV ad of the campaign, a 30-second spot touting her bipartisan bona fides and highlighting her defense background. The ad makes no mention of her opponent.
Watch the full ad here. A snippet:
Michigan’s 7th District, where Slotkin is running this cycle, includes multiple counties she doesn’t currently represent.
— Heather Caygle
PRESENTED BY IBM
The American Semiconductor Innovation Coalition (ASIC) and its 80+ members are dedicated to addressing the chip crisis and propelling U.S. semiconductor leadership.
We have more: It’s Canvass Week and we’re excited to share with you more data from our latest edition of The Canvass: K Street.
Punchbowl News and the independent polling firm Locust Street Group have put together an anonymous survey of downtown figures. Just like what we’ve done on Capitol Hill, we are the only media outlet getting a pulse of the top figures on K Street. Follow along in our AM newsletters this week as we share more data from our survey of top downtown leaders.
The midterm elections are just over four months away and Democrats are anxious to improve their standing with voters, but soaring inflation is a huge concern for the party.
We asked senior K Street leaders who or what they believe is most to blame for inflation or the rising costs of goods and services. 53% of respondents blamed the supply chain crisis for the rising inflation rates. 48% of respondents said it was due to the COVID-19 pandemic.
A huge majority of those we surveyed believe the Biden administration has been ineffective at communicating about reducing inflation. A whopping 90% of respondents held this view, including 86% of Democrats.
With inflation such a huge problem. Democrats have thrown many ideas at the wall searching for solutions – a gas tax holiday, rollbacks on Chinese tariffs, cracking down on gas price gouging — to name just a few.
Here’s what downtown influencers think President Joe Biden should do:
Concern about a potential recession is growing. More than half — 51% — of K Street leaders said their company is preparing for a recession.
Are you a senior aide on Capitol Hill and want to participate? Sign up here. Want to participate in The Canvass: K Street? Sign up here.
– Christian Hall
FRONTS
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And what senior aides and downtown figures believe will happen in 2023.
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Presented by The Electronic Payments Coalition
Millions of Americans love using their credit cards and rely on them for rewards that help cover gas, groceries, and travel. The Durbin-Marshall Credit Card Bill puts these rewards in jeopardy. Congress: oppose the Durbin-Marshall Credit Card Bill!