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Stipple portrait of Miguel Gonzalez

By Miguel Gonzalez

 

What We're Watching

Politics: FBI agents searched Former President Donald Trump's Mar-a-Lago home in Florida in a document investigation. 

Biden Administration: President Biden is scheduled at 10 a.m. ET to deliver remarks and sign into law a bill aimed at boosting the semiconductor industry. At 2 p.m. Mr. Biden is expected to sign the ratification of the addition of Finland and Sweden to NATO.

Economy: U.S. nonfarm labor productivity data due to be released at 8:30 a.m. is expected to have fallen for the second straight quarter.

 
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Politics

▶️Video​: Former President Donald Trump said FBI agents “raided” his Mar-a-Lago home in Florida on Monday and broke into a safe. PHOTO: TERRY RENNA/ASSOCIATED PRESS

Mr. Trump made the FBI's search public in a statement, saying it "was not necessary or appropriate."

People familiar with the matter said the search was part of an investigation into Mr. Trump’s handling of classified information. It marked an escalation of the Justice Department’s investigation into aspects of Mr. Trump’s final days in office and is expected to ripple through the run-up to November’s midterm elections, report Alex Leary, Sadie Gurman and Aruna Viswanatha.

"He didn’t even have anything in the safe."

— Eric Trump, the former president’s son, Monday evening on Fox News

Wisconsin's primary today offers the latest test of Mr. Trump’s push to relitigate 2020 election.

The former president is backing Tim Michels, the co-owner of the state’s largest construction company, for governor and trying to unseat Assembly Speaker Robin Vos, arguably the state’s most powerful GOP figure, reports John McCormick. Voters in Minnesota, Connecticut and Vermont also head to the polls today for primaries.

President Biden has had more personal travel and fewer formal interviews than Donald Trump or Barack Obama.

In his first 18 months in office, Mr. Biden conducted 17 formal press conferences and gave 20 sit-down interviews, according to former CBS News White House correspondent Mark Knoller, who tracks presidential data. The numbers underscore a media strategy that has relied more on prepared remarks and brief question-and-answer sessions with reporters than on formal press conferences and interviews, reports Catherine Lucey.

Frustrated residents in Uvalde, Texas, are turning to political advocacy.

About 180 people in the county have registered to vote since the school shooting that two months ago saw a gunman murder 19 children and two teachers, reports Elizabeth Findell. Guns have long been a way of life in the region surrounding Uvalde, but changes to gun policies are getting new interest in the district, which in just five years has been the site of or neighbored three of the 10 deadliest mass shootings in U.S. history.

In other politics news...

  • Tesla, EV Makers Stand to Get Billions for Factories From Senate Bill (Read)
  • Inflation Reduction Act Is a Win for Serial Green-Home Remodelers (Read)
  • Group Petitions to Ease Fines for Healthcare Workers in Student-Debt Programs (Read)
 

Economy

THE WALL STREET JOURNAL

Rapid wage growth threatens to keep inflation high.

Average hourly earnings grew 5.2% in July from a year earlier, and annual wage gains have exceeded 5% each month this year, the Labor Department said Friday. The rapid earnings growth adds to other evidence that employers are continuing to ramp up pay as they try to find and keep workers in a tight job market, reports Sarah Chaney Cambon.

6.2%

Respondents' median expectation in July for the annual inflation rate in one year, down from the 6.8% they expected in June, according to a survey by the Federal Reserve Bank of New York

In other economics news...

  • Gender Pay Gap Opens Early, Data Show (Read)
  • How Goldman Sachs Sees The Inflation Reduction Act Affecting Earnings (Read)
 

World

No reactors at Ukraine’s Zaporizhzhia nuclear plant have been damaged but officials say a missile landed near a dry spent-fuel storage facility. PHOTO: ALEXANDER ERMOCHENKO/REUTERS

The international crisis over the weekend shelling of Europe’s largest nuclear power plant deepened.

Russia and Ukraine traded blame for missile attacks and the United Nations secretary-general warned that an attack on a nuclear facility would be suicidal, report Matthew Luxmoore, Drew Hinshaw and Joe Parkinson.

  • Russia Says it Won’t Allow U.S. Inspection for Now of Its Nuclear Weapons (Read)
  • As Many as 80,000 Russian Troops Hurt or Killed in Ukraine, Pentagon Says (Read)
  • U.S. Won’t Ask African Nations to Pick Sides in Standoff With Russia, Blinken Says (Read)

China extended military exercises around Taiwan, as the island accused Beijing of carrying out cyberattacks.

The People’s Liberation Army said Monday that it would continue the exercises for an unspecified period of time after wrapping up four days of maneuvers (▶️Video​), report Joyu Wang and Newley Purnell. 

Exclusive icon.Exclusive icon. WSJ News Exclusive
  • U.S. Solar Shipments Are Hit by Import Ban on China’s Xinjiang Region (Read)

In other world news...

  • U.S. Sanctions Crypto Platform Tornado Cash, Says It Laundered Billions (Read)
  • EU Presents ‘Final Text’ to Iran for Reviving Nuclear Deal (Read)
  • Israel Reopens Gaza Crossing as Cease-Fire Holds (Read)
 

Business Regulation

Federal Trade Commission member Noah Phillips plans to resign, creating a vacancy for a Republican on the five-member panel.

Mr. Phillips said in an interview that he doesn’t have another job lined up but decided this fall is the right time to depart the agency, reports Dave Michaels. He has disagreed with FTC Chair Lina Khan’s agenda for ramping up antitrust enforcement, including regulations that would define certain conduct or business practices as anticompetitive.

In other regulatory news...

  • Deliveries of Boeing’s 787 Dreamliner Set to Resume in Coming Days Following FAA Review (Read)
 

Legal News

Prosecutors say the two men plotted to kidnap Gov. Gretchen Whitmer over her Covid-19 policies. PHOTO: BILL PUGLIANO/GETTY IMAGES

Federal prosecutors face a tough task in the retrial of two men accused of conspiring to kidnap Michigan Gov. Gretchen Whitmer.

A Grand Rapids, Mich., jury's failure to reach unanimous verdicts in the first trial in April was a blow to federal efforts to monitor and prosecute potential domestic terrorists, though it is unclear what made the jury reject the government’s argument, reports Joe Barrett. Jury selection for the retrial begins today.

In other legal news...

  • Two Georgia Men Sentenced to Second Life Terms for Ahmaud Arbery Murder (Read)
 

What We're Reading

  • Nebraska Gov. Pete Ricketts said Monday that he wouldn't call for a special session to debate stricter abortion restrictions in his state, citing a lack of votes in support of proposed legislation. (Omaha World-Herald)
  • Retired Gen. David Petraeus writes that the U.S. made significant mistakes in Afghanistan over 20 years, and that a withdrawal may have been avoided if enough of those errors had been corrected along the way. (The Atlantic)
  • Alexander Vindman writes that Washington has prioritzed its relationship with Moscow “at the expense of relations with more willing partners in Eastern Europe—Ukraine in particular.” (Foreign Affairs)
 

About Us

This newsletter is a production of the WSJ Washington bureau. Send feedback to capitaljournal@wsj.com. You can follow politics coverage on our Politics page and at @wsjpolitics on Twitter.

 
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