Free Republic

President Trump’s stop-and-start trade policy and uneven economic messaging have rattled some of his own allies, triggering a flood of calls from business executives, concerns from Republican lawmakers and tension in the White House. Senior officials, including White House chief of staff Susie Wiles, have received panicked calls from chief executives and lobbyists, who have urged the administration to calm jittery markets by outlining a more predictable tariff agenda, according to people familiar with the discussions. Many in the business community have abandoned efforts to get the president to reverse course on trade, instead pleading with the White House for...

Republican leaders and megadonors are warning Arizona GOP Senate candidate Blake Masters to improve his fundraising or else be doomed in his bid to unseat Democratic Sen. Mark Kelly in November's election, according to people familiar with the matter. Masters has received urgent private calls in recent weeks from GOP leaders like Sen. Rick Scott, R-Fla., the head of the National Republican Senatorial Committee, these people explained. The NRSC is the official campaign arm for the Senate GOP, and has spent over $6 million taking on Masters' rival Kelly, according to data from the nonpartisan OpenSecrets. Kelly's seat has long...

Democratic donors on Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle — or even back President Donald Trump — if Sen. Elizabeth Warren wins the party’s nomination. In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden in the 2020 race. “You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to...

The elite financiers attending Davos are worried about the 70 percent tax rate on earnings above $10 million proposed by freshman Rep. Alexandria Ocasio-Cortez, D-N.Y. "It's scary," Scott Minerd, global chief investment officer for $265 billion Guggenheim Partners, said in an interview on the sidelines of the World Economic Forum in Davos, Switzerland. "By the time we get to the presidential election this is going to gain more momentum," said Minerd, who added that he would probably be personally impacted by it. "And I think the likelihood that a 70 percent tax rate, or something like that, becomes policy is...