The Daily Brief
Today
Good morning. Timothy Noah in The New Republic reports that current and former National Economic Council directors Kevin Hassett and Larry Kudlow went on Fox News last week amid signals Trump wants to cut taxes for the rich yet again. Meanwhile, [Walmart says it is planning to use $2.9 billion in tariff refunds to lower prices as it reports its slowest sales growth in six years](https://www.cbsnews.com/video/walmart-using-billions-in-tariff-refunds-to-lower-prices-as-sales).
In northwestern Indiana, [more than 70,000 people have been without power for over a week after storms downed trees, knocked out power lines, and flooded neighborhoods](https://www.pbs.org/newshour/show/indiana-residents-frustrated-amid-10-day-power-outage-following-storms). Local officials are scrambling to restore electricity. At the same time, Providence's failed negotiations affect more than 64,000 Medicare Advantage members.
California state Senator Aisha Wahab won the special-election runoff to complete Eric Swalwell's House term in the 14th District, defeating fellow Democrat Melissa Hernandez after a vote count that stretched beyond election night. Swalwell resigned amid accusations of sexual misconduct; Wahab will serve the remaining months of the term.
The Navy is weighing whether to put Trump's name on an aircraft carrier currently named after Doris Miller. CNN reported the Navy has effectively stopped internally referring to the ship as the USS Doris Miller. Oil prices rose after Trump threatened “ECONOMIC D-DAY,” then again after Bessent vowed to “collapse” Iran’s government; Bessent says he does not understand the oil price spike.