Hillary's Hybrid Student Loan Plan
Hillary Clinton's student loan draws from Democratic and Republican sources. The Atlantic's Tyler Bishop: "Clinton’s plan includes much of [Sen. Elizabeth] Warren’s refinancing proposal ... [Sen. Lamar Alexander's] plan would have streamlined the application, helped families understand the loan process, and decreased the bewildering array of options for repaying student loans. Clinton’s plan pursues much the same set of goals ... her campaign has put together a plan tailored to appeal to a variety of audiences, and designed not just for the campaign trail, but also for a legislative push."
Gov. John Kasich latest to try compassionate conservatism. NYT: "In an echo of the religious-based defense he has made of his Medicaid expansion ... Kasich said, 'I think conservatism is about giving everybody a chance, demanding personal responsibility, but allowing people to pursue their God-given purpose ... Hopefully in the course of all this, I’ll be able to change some of the thinking about what it means to be a conservative.'"
Gov. Scott Walker approves taxpayer funds for basketball stadium. NYT: "Gov. Scott Walker of Wisconsin approved $250 million in public financing for a new arena for the Milwaukee Bucks basketball team on Wednesday, a deal exposing him to charges of corporate welfare as he seeks the Republican nomination as a fiscal conservative."
Trump v. China
Democratic Rep. Debbie Dingell praises Trump on China. The Hill: "'Countries like China that cheat and don't play by the rules hurt good paying American jobs ...,' Dingell said in a statement. 'I am pleased Mr. Trump made this point loudly and clearly when he visited Michigan,' ... On a campaign stop in Michigan on Tuesday, Trump said the Chinese are 'just destroying us.' 'They keep devaluing their currency until they get it right,' he said."
Did China spark a currency war? NYT's Neil Irwin: "...if the sell-off continues the way it did Wednesday, the blowback to China’s actions and talk of 'currency wars' will only get louder, and the voices of praise for its move toward liberalization softer."
Breakfast Sides
Justice Dept. appeals AIG ruling. NYT: "The ruling in June involved a lawsuit by the former chief executive ofA.I.G., Maurice R. Greenberg, who charged that the government overstepped its bounds during the bailout in 2008, imposing unduly harsh terms ... In June, Judge Thomas C. Wheeler [said the] Federal Reserve had indeed crossed the line [but] awarded no damages ... The federal government [is] worried could set a dangerous precedent by declaring the Fed’s actions illegal."
WH warns conservative states on defunding Planned Parenthood. The Hill: "The Obama administration has warned Louisiana and Alabama that they could be violating federal law by cutting off Planned Parenthood from their states’ Medicaid programs ... federal law says Medicaid beneficiaries may obtain services from any qualified provider and that cutting Planned Parenthood out of the program restricts that choice."
