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NYC Election Latest: Adams Considers Dropping Out of Race After Secret Meeting in Florida (New York Times)
The talks about Adams’s future have involved intermediaries for Donald Trump, including Steve Witkoff, a New York real estate investor who is one of Trump’s closest advisers. The mayor and Witkoff conferred in Florida this week in a previously undisclosed meeting, according to four people briefed on it.
Lower Manhattan News: Trump Is Exploring Ways to Take Over the Sept. 11 Memorial and Museum (New York Times)
As a candidate last year, Trump offered a preview of one potential option, pledging to designate the site of the Sept. 11 attacks a national monument. During a rally last September in Uniondale, N.Y., he said he wanted to ensure the “hallowed ground and the memory of those who perished there will be preserved for all time, preserved forever.”
The museum’s leadership rebuffed the idea. “At a time when the federal government is working to cut costs, assuming the full operating expenses for the site makes no sense,” Beth Hillman, the president and chief executive, said in a statement.
Another Executive Order: White House to Rebrand Pentagon the Department of War (Politico)
The renaming of a federal agency would likely require an act of Congress. But the White House is looking for other alternatives that would avoid a vote, according to another person familiar with the deliberations.
It would likely cost billions of dollars to change the names of hundreds of Pentagon agencies, their stationary, emblems, plaques and other signage at the Defense Department, along with bases around the world.
More Tariff Fallout: John Deere, a U.S. Icon, Is Undermined by Tariffs and Struggling Farmers (New York Times)
The tractor maker said that sales were down and that higher metal tariffs would cost it $600 million, while American farmers face dwindling overseas demand for some crops.
DC Fights Back: Trump Sued Over National Guard Troop Deployment in Washington (Bloomberg)
DC Attorney General Brian Schwalb contends that the mobilization of more than 2,200 troops since mid-August violates US laws meant to bar the US military from carrying out domestic law enforcement activities — a dynamic that DC officials described as an involuntary occupation. The lawsuit, filed in federal court on Thursday, also alleges Trump illegally called in National Guard units from other states.
War on Wind Latest: ‘It Makes No Sense’: Massachusetts Governor Maura Healey Urges Trump to Stop Wind Attacks (Bloomberg)
The federal government should be “working with states, not against states, in an effort to bring more power on board,” Healey said Wednesday in an interview with Bloomberg News in Boston. “That’s what I really urge the Trump administration to get back to. It makes no sense.”
Market Windfall: US Rule Shifts May Open $12 Trillion Private Market in 2026 (Bloomberg)
US regulatory changes could expand retail access to private markets for Blackstone, KKR, Carlyle and Ares. Opening retirement funds and broadening the accredited investor definition might unlock opportunities from the $12 trillion private market, driving incremental inflows and new fee revenue.
Investment News: Citi Hands BlackRock $80 Billion of Assets in Wealth Deal (Bloomberg)
French Government on the Brink? French Socialists Meet Premier With Goal of Replacing Him on Monday (Bloomberg)
Prime Minister Francois Bayrou is facing a confidence vote on Monday and needs the support of rival parties in the country’s National Assembly to avoid a forced resignation. The Socialists, however, have made clear he won’t get it from them. And the party’s leaders have been open about their desire to take his seat.
Breaking: Angela Rayner, UK Deputy Premier, Resigns After Underpaying Tax (New York Times)
Britain’s embattled prime minister, Keir Starmer, suffered another stinging setback on Friday, as his deputy prime minister, Angela Rayner, resigned after admitting that she had failed to pay adequate taxes on the purchase of a seaside apartment.
UK Travel Alert: London Underground Strike Set for Sunday through Thursday (BBC News)
There will be little to no service on the Tube starting Sunday through Thursday, while the Elizabeth Line and Overground will operate as normal.
Because of the strike, Coldplay rescheduled their concerts at Wembley Stadium saying "it's impossible to get 82,000 people to the concert and home again safely." The band moved the Sunday show to Saturday, Sept 6, and the Monday show moves to Friday, Sept 12.
US Labor Market Alert: Black Americans Are Losing Jobs in a Warning for the Economy (Wall Street Journal)
Unemployment for Black Americans has surged to 7.2%, the highest level since October 2021, when the job market was still recovering from the pandemic.
Weaponizing Justice: US Justice Department Probing Fed Governor Lisa Cook for Mortgage Fraud (Bloomberg)
Accountability Watch: Trump Is Accusing Foes With Multiple Mortgages of Fraud. Records Show 3 of His Cabinet Members Have Them. (ProPublica)
The White House has targeted opponents, including Fed Governor Lisa Cook, for having more than one primary residence on their loan papers. ProPublica found that, in one case, a Trump cabinet secretary got two such mortgages in quick succession.
Big Beautiful Bill Puts Women's Health At Risk: Medicaid Cuts Threaten Rural Hospitals — And Access to Maternity Care (Washington Post)
Trump’s massive tax and spending plan cuts Medicaid by almost $1 trillion over the next decade. The loss of revenue is expected to force scores of rural hospitals to curtail services or close, with the impact likely to be particularly severe for maternity care.
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NYC Sunday: A Free Concert of Broadway Hits Will Take Over Times Square to Celebrate NYC’s 400th Birthday (Time Out)
New York is turning 400 and instead of blowing out candles, the city is cranking up the show tunes. On Sunday, September 7, at 11 am, Broadway is storming Times Square for a one-day-only, free concert called “Founded By Broadway.”
More than 20 hit productions are sending cast members to belt it out in the middle of the square. Expect show-stopping numbers from Aladdin, Wicked, The Book of Mormon, The Lion King, MJ, Harry Potter and the Cursed Child, Mamma Mia!, & Juliet and many more, with 23 shows in total.
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