Lily Adams
@adamslily
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@USTreasury | fmr @KamalaHarris @HillaryClinton @TheDemocrats @timkaine @ted_strickland & @gupolitics fellow. Mom to Teddy (kiddo) and Harper (dog)
Joined August 2009
Spencer Cox: "Our nation is broken. We had political assassinations recently in Minnesota. We had an attempted assassination on the governor of Pennsylvania. And we had an attempted assassination on a presidential candidate and former president of the United States and now
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A lesson from Trump's first 6 months: the old silos of law, policy & comms no longer apply. To beat him, we need to leverage all three at once—just like Trump. Today we launched Evergreen Legal to help our clients do excatly that. @NickMerrill @DanSchwerin
axios.com
More litigation in the Trump era means more need for litigation comms to win in the court of public opinion.
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This was the most powerful moment I’ve experienced in 40 years of journalism.
elpasomatters.org
The judge wept and others in the courtroom sobbed as a woman who lost her brother in the 2019 El Paso Walmart mass shooting hugged the gunman after her emotional impact statement.
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It's $4700 because after we released the admin said it was 145 on China not 125.
A new estimate from Yale Budget Lab released Thursday said tariffs will cost households an average of $4,400 annually. The researchers also said consumers face an overall average effective tariff rate of 25.3%, the highest since 1909.
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YELLEN: TRUMP'S ECONOMIC POLICIES ARE 'WORST SELF-INFLICTED WOUND' BY AN ADMINISTRATION ON A WELL-FUNCTIONING ECONOMY
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9 of the top 10 largest single-day drops in the history of the stock market have happened while Donald Trump was president
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I've seen enough: Susan Crawford defeats Brad Schimel in the Wisconsin Supreme Court election, preserving liberals' 4-3 majority.
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Yeah, she was right.
Treasury Secretary Janet Yellen will warn in a speech that the type of tariffs planned by former President Donald Trump, if he were to retake the White House, would reignite inflation and harm the economy.
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Real GDP growth the last two years has already averaged 3%.
Indeed, it is essential to reduce the budget deficit to match economic growth! We will get the 2026 deficit to ~3% of GDP. Sensible deregulation will ensure that economic growth is ~3% or higher. That will both DEFEAT INFLATION and REDUCE INTEREST RATES for all Americans!
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"Ruh roh", to quote Scooby Doo, on how Americans view the economy. -Just 20% view it as excellent or good. Worse than at any pt during Trump's 1st term. -"Yikes": 59% say the economy is getting worse... Worse than at any pre-covid pt during Trump's 1st term. Danger territory.
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IRS funding ensures the rich pay their fair share in taxes. Trump’s attack on the IRS isn’t aimed at protecting ordinary Americans — it’s protecting rich Americans.
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NEW: Get ready for delayed tax refunds, long hold times + dropped calls with the IRS, thanks to Trump illegally firing more than 6,000 employees there today. *Unless you're a wealthy tax evader. You will now "feast" as the IRS strains to function.
huffpost.com
But wealthy tax evaders will enjoy “a feast” as the strained federal agency lacks the resources to hold them accountable, said one tax policy expert.
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A few further thoughts on DOGE accessing the IDRS database at the IRS: I led the Treasury Office of Tax Policy and have spoken to a number of former career and political appointees at Treasury and IRS. None can recall a political appointee ever having access to this database. 1/5
Breaking News: Musk’s DOGE seeks access to personal taxpayer financial data at IRS
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The IRS collects 96% of all federal revenue—crippling it will cost more than it saves and increase the audit share on middle-class people as all of the new high-end initiatives that have brought in $5 billion so far are halted.
Some 15,000 IRS employees have been identified for possible termination as early as next week as the White House seeks to find cost savings across the government, ABC News has learned. @AnneKFlaherty
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“Ford CEO says #Trump tariffs are causing a lot of cost and a lot of chaos” 🤦♂️ https://t.co/jbn0tIQq7b via @qz
qz.com
Ford CEO Jim Farley is not happy about Trump's tariffs, which he says aren't good for American automakers
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I join Treasury Secretaries Rubin, Geithner, Lew and Yellen in writing this @nytopinion guest essay because we are alarmed about the risks of arbitrary and capricious political control of federal payments, which would be unlawful and corrosive to our democracy.
nytimes.com
Former Secretaries Rubin, Summers, Geithner, Lew and Yellen argue that DOGE is a threat to America.
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Five former Treasury Secretaries: Our Democracy is Under Siege https://t.co/2WlzbXK4mF
nytimes.com
Former Secretaries Rubin, Summers, Geithner, Lew and Yellen argue that DOGE is a threat to America.
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Mitch McConnell objects to tariffs pushed by Trump: “It’ll be paid for by American consumers. I mean why would you want to get in a fight with your allies over this?”
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Dave is the consummate public servant. He’s universally respected by both sides and has deftly navigated many debt ceiling crises, making sure the federal government can manage its cash and pay the bills.
SCOOP: The highest-ranking Treasury official is expected to depart soon after a clash w/ Elon Musk allies over their demands for access to a sensitive internal government payment system, sources say Musk allies wanted access to the system responsible for disbursing trillions in
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