Damian Paletta Profile Banner
Damian Paletta Profile
Damian Paletta

@damianpaletta

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Washington Coverage Chief, @WSJ

Washington DC
Joined February 2010
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@damianpaletta
Damian Paletta
2 years
On Tuesday, I sat with my wife, my kids, and my mom (!) at the Hollywood premiere of “The Big Conn,” which comes out today. I wore a dark suit and white sneakers because I had no idea what to wear to a film that I am in. A film about the craziest story I have ever written. (1/15)
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@damianpaletta
Damian Paletta
7 years
Toyota has been making cars in the U.S. since 1987. Honda has at least 12 U.S. plants. Nissan has massive Mississippi plant.
@markknoller
Mark Knoller
7 years
Pres Trump asks Japanese auto makers if they could build their cars in the US and not just ship them over.
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@damianpaletta
Damian Paletta
6 years
MORE BREAKING: Rubio is now a NO on the tax bill unless Child Tax Credit is expanded. Lee is now an undecided. Hatch concerned.
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@damianpaletta
Damian Paletta
7 years
Important reminder that sometimes in a dual dual both sides go down. The @WSJ photo of Priebus & Scaramucci is somehow even more legendary.
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@damianpaletta
Damian Paletta
6 years
Trump has knocked the entire #G7Summit back on its heels. The schedule changes because of him. All the questions are about him. Every decision or lack of decision is due to him. He’s managed to transplant his disruptive approach to the world stage.
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@damianpaletta
Damian Paletta
3 years
Trump's time at Walter Reed could prove to be one of the most consequential weekends in U.S. history. His advisers hoped (one of them prayed) Trump would emerge a changed man. He didn't, and the virus began its third, horrifying march. w/ @yabutaleb7
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@damianpaletta
Damian Paletta
6 years
The Dow Jones Industrial Average just erased all of its gains since November 28, a month BEFORE the tax law passed.
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@damianpaletta
Damian Paletta
4 years
BREAKING: Top White House economist announces departure TWO days after other top White House economist announces departure in middle of economic crisis.
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@damianpaletta
Damian Paletta
4 years
TARP had an inspector general and two oversight boards. But Treasury's proposed $500 billion coronavirus loan program doesn't appear to have much built-in oversight, by @Jstein_Wapo
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@damianpaletta
Damian Paletta
6 years
White-collar crime prosecutions are at a 20-year low. IRS audits are at a 15-year low. These factors made it easier for Manafort and Cohen to commit their crimes.
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@damianpaletta
Damian Paletta
4 years
BREAKING: Some Senate Republicans express openness to quickly passing House Dems coronavirus bill, depending on what is in the final passage. Momentum has moved away from Trump payroll tax push and toward focus on paid family leave.
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@damianpaletta
Damian Paletta
4 years
NEW: Trump administration pushing to block new money for testing, tracing, and CDC in upcoming coronavirus relief bill, by @ericawerner @JStein_Wapo
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@damianpaletta
Damian Paletta
7 years
Notable. This is the first EVER Twitter post by the chief executive of Goldman Sachs.
@lloydblankfein
Lloyd Blankfein
7 years
Today's decision is a setback for the environment and for the U.S.'s leadership position in the world. #ParisAgreement
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@damianpaletta
Damian Paletta
6 years
Last year, the White House projected its budget would lead to a SURPLUS of $16 billion in 2027. This year, Trump's budget projects a $450 billion DEFICIT in 2027.
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@damianpaletta
Damian Paletta
6 years
No matter what happens, the tax cuts and the steel tariffs were tailor made for #pa18 . If that can’t get a GOP candidate easily over the hump in a conservative district, GOP will need fresh approach before November.
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@damianpaletta
Damian Paletta
6 years
Speaker Ryan, who gained fame as deficit warrior, leaves with deficit in the worst shape its ever been during a healthy economy.
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@damianpaletta
Damian Paletta
4 years
As expected...
@JeffBernthal
Jeff Bernthal
4 years
Timeline for individual who tested positive for Covid-19 and was at Lake of the Ozarks Memorial Day weekend.
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@damianpaletta
Damian Paletta
6 years
All Trump’s aides: There is no trade war. Trade “dispute,” maybe. Trump: capital T and capital W.
@realDonaldTrump
Donald J. Trump
6 years
When you’re almost 800 Billion Dollars a year down on Trade, you can’t lose a Trade War! The U.S. has been ripped off by other countries for years on Trade, time to get smart!
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@damianpaletta
Damian Paletta
4 years
LATEST: 1) Trump announces 6 pm news conference with CDC 2) Blames media, Democrats for stock market plunge 3) Misspells "caronavirus," says USA is in "great shape" after CDC officials say otherwise
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@damianpaletta
Damian Paletta
6 years
If you are confused about what is going on in Washington right now, so is everyone in Washington.
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@damianpaletta
Damian Paletta
9 years
Presidential vetoes: Obama: 3 GWB: 12 Clinton: 37 GHWB: 44 Reagan: 78 Carter: 31 Ford: 66 Nixon: 43 Johnson: 30 Kennedy: 21 Eisenhower: 181
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@damianpaletta
Damian Paletta
6 years
This is a really big development.
@sdonnan
Shawn Donnan
6 years
US companies are telling the Fed they are already putting capital spending plans on hold due to Trump trade threats.
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@damianpaletta
Damian Paletta
8 years
Jobless rate for Obama's #SOTU speeches: 2016: 5.0 2015: 5.7 2014: 6.6 2013: 7.7 2012: 8.3 2011: 9.1 2010: 9.8
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@damianpaletta
Damian Paletta
2 years
After George Floyd's 2020 murder, a number of companies vowed to do more to fight racism. But in recent months, those same companies have funded lawmakers who promote racist theories.
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@damianpaletta
Damian Paletta
6 years
This is the first time a president had ever sent a signal to investors about what the jobs numbers might look like an hour before they came out.
@realDonaldTrump
Donald J. Trump
6 years
Looking forward to seeing the employment numbers at 8:30 this morning.
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@damianpaletta
Damian Paletta
7 years
Elon Musk says he will depart White House advisory councils if Trump withdraws from Paris climate agreement...
@elonmusk
Elon Musk
7 years
@schneby Will have no choice but to depart councils in that case
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@damianpaletta
Damian Paletta
6 years
G7 so far: - Macron threatens to boot Trump, saying he’s isolating US - Merkel & May blast Trump on trade - Trump calls Trudeau indignant, says he might meet with Kim Jong Un at the White House - Trump is supposed to meet with Macron & Trudeau tomorrow
@realDonaldTrump
Donald J. Trump
6 years
Prime Minister Trudeau is being so indignant, bringing up the relationship that the U.S. and Canada had over the many years and all sorts of other things...but he doesn’t bring up the fact that they charge us up to 300% on dairy — hurting our Farmers, killing our Agriculture!
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@damianpaletta
Damian Paletta
5 years
The White House is directing every agency to find money that could be used to finance a border wall. But that's not so easy. Or legal.
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@damianpaletta
Damian Paletta
6 years
The yearlong staredown between Trump and Trudeau brings us to this point: The White House will attempt to kick Canada out of Nafta, ripping apart the world's largest trade agreement.
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@damianpaletta
Damian Paletta
6 years
Consider: the US government will spend almost as much on interest payments next year ($390 billion) as it will on the entire Medicaid program ($401 billion).
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@damianpaletta
Damian Paletta
6 years
With McCain absent and several Republicans saying they won't support the current CR, Senate leaders appear to be 12 to 14 votes short of what they need to avoid a shutdown. Those are big numbers.
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@damianpaletta
Damian Paletta
3 years
What a lede by @azamsahmed Wow wow wow.
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@damianpaletta
Damian Paletta
3 years
The White House was thrown into complete chaos when Trump became ill. Pence's aides were never briefed on a plan to swear the vice president in if Trump became incapacitated. And Trump was incapacitated. Twice. w/ @yabutaleb7
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@damianpaletta
Damian Paletta
6 years
Trump says one of the requirements he is imposing on ZTE is that it buy U.S. products. But it always has, and the Commerce Department's ban on ZTE buying U.S. products is what forced the company to near collapse in the first place.
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@damianpaletta
Damian Paletta
6 years
Trump is threatening to rapidly escalate his "trade war." Instead of just tariffs on steel and aluminum, now he is threatening a new tax on EVERY import from EVERY country that has an import duty of their own.
@realDonaldTrump
Donald J. Trump
6 years
When a country Taxes our products coming in at, say, 50%, and we Tax the same product coming into our country at ZERO, not fair or smart. We will soon be starting RECIPROCAL TAXES so that we will charge the same thing as they charge us. $800 Billion Trade Deficit-have no choice!
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@damianpaletta
Damian Paletta
6 years
Trump's decision to back down from campaign vow on Medicare drug prices continues trend of retreating from populist econ ideas (taxes, Wall Street) and bending in direction of big corporations & the wealthy.
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@damianpaletta
Damian Paletta
6 years
Romney brought Paul Ryan onto his 2012 presidential ticket, a sign that Ryan's brand of austerity had reached the GOP mainstream. Govt spending that year was $3.5 trillion. Ryan leaves the speakership with spending levels at $4.2 trillion.
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@damianpaletta
Damian Paletta
6 years
This is his playbook before big international summits. He did exact same thing before G7. Antagonistic tweet that puts everyone on their heels. Upends agenda. Makes it all about White House demands.
@realDonaldTrump
Donald J. Trump
6 years
The United States is spending far more on NATO than any other Country. This is not fair, nor is it acceptable. While these countries have been increasing their contributions since I took office, they must do much more. Germany is at 1%, the U.S. is at 4%, and NATO benefits.......
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@damianpaletta
Damian Paletta
7 years
Heller, a GOP senator up for reelection, says he's a NO on the health care bill, and here comes the avalanche against him...
@maggieNYT
Maggie Haberman
7 years
AMERICA FIRST POLICIES, the pro-Trump/Pence outside group that Pence has been raising for, is preparing a seven-figure ad buy against HELLER
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@damianpaletta
Damian Paletta
7 years
Trump told lawmakers today his tax plan could lead to 6% GDP growth. That's twice what his advisers have projected.
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@damianpaletta
Damian Paletta
6 years
Trump, on shutdowns: TUES: “I don’t like the idea of shutdowns,” WED: “If it happens, it happens.” THURS: “I don't want to do anything to hurt us or potentially hurt us.” FRI: “I would do it because I think it’s a great political issue.”
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@damianpaletta
Damian Paletta
7 years
White House offer to avoid shutdown appears to be $$ for border wall in exchange for Obamacare subsidy funding.
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@damianpaletta
Damian Paletta
6 years
Trump is now waging a multi-front trade war solely by using his Twitter feed. Zero policy details. Takes aim at Germany on Saturday. China and Canada are already spinning. U.K. furious.
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@damianpaletta
Damian Paletta
6 years
Seven years ago, I wrote an article for @WSJ about a flashy disability lawyer and his improper ties to a Social Security judge. The years that followed were painful for many. Today, Eric Conn was sentenced to 15 years in prison.
@heraldleader
Lexington Herald-Leader
6 years
Disbarred Kentucky disability attorney Eric Conn sentenced to 15 years
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@damianpaletta
Damian Paletta
6 years
Trump is in direct talks with lawmakers about changes to the Senate tax bill (pass thru provision) that could directly impact Trump Org (Mar a Lago, etc.).
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@damianpaletta
Damian Paletta
3 years
#NightmareScenario is published! ⁦ ⁦⁦ @yabutaleb7 ⁩ and I are so honored to share this book with you. The coronavirus pandemic will be remembered as one of the most catastrophic events in American history. People deserve to know what really happened.
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@damianpaletta
Damian Paletta
4 years
BREAKING: The SEC, which regulates the financial markets currently in turmoil, has asked all employees at its Washington headquarters to telework effective "immediately" amid concerns that one employee has coronavirus.
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@damianpaletta
Damian Paletta
6 years
NEWS: Treasury Secretary Mnuchin likely just broke with rest of Trump administration in response to Florida shooting by saying: "I urge Congress to look at these issues."
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@damianpaletta
Damian Paletta
6 years
Timing of Franken being thrown overboard isn't an accident. One week BEFORE Alabama election. One week AFTER Dems might have needed his vote on tax bill.
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@damianpaletta
Damian Paletta
6 years
It remains unclear what the $500 billion is referring to. The Us trade deficit with China isn’t even $400 billion. White House officials won’t clarify.
@realDonaldTrump
Donald J. Trump
6 years
When you’re already $500 Billion DOWN, you can’t lose!
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@damianpaletta
Damian Paletta
6 years
NEWS: In series of meetings over past year, Trump personally pushed the U.S. Postmaster General to double rates on Amazon, other firms. w/ @jdawsey1
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@damianpaletta
Damian Paletta
5 years
Sen. Leahy: "He gave his solemn word that taxpayers wouldn’t have to pay, the Mexicans would pay." Shutdown fight is getting ugly as Dems dig in and accuse White House of trying to hoodwink the public over who pays for the border wall.
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@damianpaletta
Damian Paletta
6 years
He’s sticking to the same script he used at G7. Antagonize counterparts ahead of key meetings so they are flustered and totally playing defense the whole time, then leave summit with global agenda in shambles.
@PhilipRucker
Philip Rucker
6 years
Just in: Trump will meet privately with Angela Merkel this afternoon in a pull-aside at NATO and plans to reiterate his morning assertion that Germany is captive to Russia, @PressSec told pooler @juliehdavis .
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@damianpaletta
Damian Paletta
6 years
It's a good time to be a banker. U.S. banking industry posts record quarterly profits as Congress prepares to roll back some of the post-crisis regulations from Dodd-Frank law.
@jesseahamilton
Jesse Hamilton
6 years
U.S. banks reported first quarter profit of $56 billion, according to FDIC today, absolutely smashing the record. Tax break went a long way, but even without it, agency said the industry would have had more than $49 billion in net income — also a record.
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@damianpaletta
Damian Paletta
6 years
Senate parliamentarian finds 3 provisions in tax bill that violate Byrd rule, meaning they must be stripped out. House will have to vote on the bill again, but not until Wednesday morning. Provisions are minor but GOP wanted this to be over today.
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@damianpaletta
Damian Paletta
6 years
China is latest that refused to blink under a threat from Trump. Others times he's made ultimatums that weren't met: 1) NAFTA 2) EU auto tariffs 3) Dems / border wall $$ 4) Family separations 4) Harley-Davidson moving jobs overseas 5) NATO 6) WTO
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@damianpaletta
Damian Paletta
4 years
NEW: The two-page White House "racial sensitivity" memo that became a flashpoint in Tuesday's debate has led to confusion, scrambling, and frustration inside numerous federal agencies. By @yjtorbati @eilperin @Reinlwapo @jdawsey1
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@damianpaletta
Damian Paletta
6 years
They are going to vote on this?
@SenatorDurbin
Senator Dick Durbin
6 years
Trying to review the #GOPTaxScam but they are making hand-written changes to brand new text as we speak – can anyone else read this?
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@damianpaletta
Damian Paletta
6 years
Government lawyers are wrestling with how to design Trump's tariffs because POTUS's public statements have suggested there is NO national security underpinning. This will make it easier for people to sue under the Administrative Procedures Act.
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@damianpaletta
Damian Paletta
6 years
Rubio is a YES. Republicans appear to have locked down the support they need to pass the $1.5 trillion tax bill into law. Votes next week. Would be huge win for Trump, GOP.
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@damianpaletta
Damian Paletta
4 years
BREAKING: White House hold on Ukraine aid violated federal law, GAO finds. The new report marks the first non-political entity to rule that the White House acted illegally in Ukraine matter.
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@damianpaletta
Damian Paletta
6 years
Trump has threatened to shutdown the government three times as president (May, Aug, and today). The first two times he backed down, but this time feels different.
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@damianpaletta
Damian Paletta
6 years
Trump has changed his mind multiple times in the past week about how these tariffs should be designed and who they should apply to. Lawyers are having a hard time designing them to fit Trump’s demands (and to make them legal). Hence, mass confusion.
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@damianpaletta
Damian Paletta
6 years
Dow Jones Industrial Average down almost 300 points. DJIA down 2300 points since January peak. Harley Davidson news upends WH narrative on tariffs & US jobs. That is the kind of news that gets POTUS's attention.
@stevenmnuchin1
Steven Mnuchin
6 years
On behalf of @realDonaldTrump , the stories on investment restrictions in Bloomberg & WSJ are false, fake news. The leaker either doesn’t exist or know the subject very well. Statement will be out not specific to China, but to all countries that are trying to steal our technology.
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@damianpaletta
Damian Paletta
5 years
As states scramble to deal with fallout from shutdown, New York has reached an agreement with the National Park Service to fund operations at the Statue of Liberty to stay open for visitors during the holiday.
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@damianpaletta
Damian Paletta
6 years
Already 45 votes against cloture (they can only afford 40) and 20 people haven’t voted yet. Shutdown coming in 90 minutes.
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@damianpaletta
Damian Paletta
6 years
In 1991, the USA waived import duties to incentivize Colombia to grow more flowers and get out of the cocaine business. Rose imports soared, US rose production plummeted (and the cocaine never stopped).
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@damianpaletta
Damian Paletta
3 years
Chilling drone footage. Haunting article. Piercing photographs. Striking graphics. A @washingtonpost all-hands-on-deck package about the terrifying state of hunger in America.
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@damianpaletta
Damian Paletta
4 years
NEW: Trump says he could impose tariffs against China and raise $1 trillion to punish Beijing for the coronavirus. He also says he has seen intelligence showing the virus came from the Wuhan lab, but that he's not "allowed" to disclose how he knows that.
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@damianpaletta
Damian Paletta
7 years
Treasury's inspector general has launched inquiry into hedge fund billionaire flying top Mnuchin aide on private jet
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@damianpaletta
Damian Paletta
7 years
He has young kids. This is pretty shameful.
@maggieNYT
Maggie Haberman
7 years
Reuters TV is running a live shot of the outside of Spicer's house. Whatta town.
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@damianpaletta
Damian Paletta
7 years
If his "source" also had to be cleared into WH grounds, Nunes just outed him because his/her name will be on visitor records.
@costareports
Robert Costa
7 years
Nunes to me just now: “I had to go to the White House to meet with a source. Can no one go to the White House anymore?”
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@damianpaletta
Damian Paletta
6 years
Trump said trade wars were "easy to win." Now he has one with Beijing. China vows retaliation and says it will impose tariffs on pork, fruit, and more than 100 other U.S. exports.
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@damianpaletta
Damian Paletta
6 years
Friday, the White House's Treasury Department issues exhaustive report, says China (and Russia) aren't cheating on their currency. Monday, Trump says on Twitter that China & Russia cheat, with no evidence.
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@damianpaletta
Damian Paletta
6 years
Senate won’t pass the tax bill tonight. GOP leaders are going back to regroup. Try again tomorrow. Still on the one-yard-line but probably second or third down at this point.
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@damianpaletta
Damian Paletta
7 years
Trump's move to suggest Assange is right and CIA is wrong triggers alarm on Hill and amongst intelligence officers.
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@damianpaletta
Damian Paletta
9 years
Hackers likely stole EVERY SINGLE background investigation form completed by OPM since 2000. Every single one.
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@damianpaletta
Damian Paletta
8 years
Rep. Schiff, who is always cautious, says Dept. of Homeland Security told him Orlando shooter made pledge of allegiance to Islamic State.
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@damianpaletta
Damian Paletta
6 years
Dynamic at White House right now. NSC director may be exiting. NEC director was just bulldozed on tariffs. Communications director leaving. Scaramucci unloading on Kelly. Trump called AG "DISGRACEFUL!" Mueller...
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@damianpaletta
Damian Paletta
5 years
1) Trump: China is removing auto tariffs. 2) Kudlow: Hopefully, but no agreement. 3) China: <crickets> 4) WH: 90-day clock starts Dec 1 5) Kudlow: Jan 1 6) WH: ahem, Dec 1 7) Toomey: USMCA won't pass Congress. 8) Lighthizer has to sort it all out.
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@damianpaletta
Damian Paletta
7 years
Mulvaney insisted last week it would be tax REFORM, not CUTS, after he was hammered for "double counting." POTUS torpedoes him.
@realDonaldTrump
Donald J. Trump
7 years
The U.S. Senate should switch to 51 votes, immediately, and get Healthcare and TAX CUTS approved, fast and easy. Dems would do it, no doubt!
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@damianpaletta
Damian Paletta
6 years
Obama was briefed on the jobs numbers the night before, so Trump might have been too...
@realDonaldTrump
Donald J. Trump
6 years
Looking forward to seeing the employment numbers at 8:30 this morning.
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@damianpaletta
Damian Paletta
5 years
SHUTDOWN IS OFFICIAL: Mulvaney formally notifies agencies to implement shutdown plans at midnight.
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@damianpaletta
Damian Paletta
5 years
Rep. Richard Neal, incoming Ways and Means Committee chairman, calls on Trump to voluntarily disclose taxes in @ericawerner interview. If Trump refuses, Neal will seek them from Treasury. Predicts whole things ends up in court.
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@damianpaletta
Damian Paletta
6 years
GOP no votes so far: Paul, Graham, Lee and Flake.
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@damianpaletta
Damian Paletta
7 years
Giuliani just said Bolton would be a good choice for Sec of State. Asked if anyone would be better, he said "Maybe me, I don't know."
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@damianpaletta
Damian Paletta
6 years
Durbin says Trump wanted a one-year appropriation of $20 billion to build 722 miles of wall along the U.S. / Mexico border. DHS chief does not dispute this figure. Durbin says this is Trump's demand in exchange for DACA.
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@damianpaletta
Damian Paletta
7 years
Becoming a trend. His staff forcefully deny news reports. Then he essentially confirms the reports hours later.
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@damianpaletta
Damian Paletta
4 years
NEW: Stephen Moore, FreedomWorks, Tea Party Patriots, ALEC, and others are launching a coalition to try and lobby Trump/GOP to reopen the economy despite warnings from health experts on coronavirus, by @JStein_Wapo
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@damianpaletta
Damian Paletta
8 years
That Turkey / Syria border is a HUGE focal point in the effort to stop the Islamic State. If there's a coup and the border opens...
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@damianpaletta
Damian Paletta
6 years
Looming shutdown raises fundamental question: with GOP in complete control of Washington, can they govern?
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@damianpaletta
Damian Paletta
4 years
Past 5 days: Saturday: Trump says they need a stimulus deal. Tuesday: Trump calls off the talks, then demands vote. Wednesday: Mnuchin and Pelosi begin airline aid talks. Thursday: Trump says broader talks are back on. @ericawerner @JStein_Wapo
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@damianpaletta
Damian Paletta
6 years
Senate Budget Committee approves tax bill 12-11, with Corker and Johnson supporting the measure. Now moves to Senate floor with prospects slightly improving.
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