A (3:46)

The Secretary of Commerce, billionaire Howard Lutnick, admitted to CNBC that Trump's policies have caused disruption but promised they would start to build the economy in 2026. Remember, he said, as you deport people, that's going to suppress private job numbers of small businesses, but they'll rebalance and they'll regrow. So I think this is just a near term event and you'll see as the numbers come through over the next couple of months, you'll see that all pass and next year the numbers are going to be fantastic.

A (4:23)

On the table more immediately are the rising costs of health insurance premiums. The Republicans budget reconciliation bill of July extended tax cuts for the wealthy and for corporations, but neglected to extend the premium tax credits that supported the purchase of health care insurance on the Affordable Care Act Insurance markets. The loss of those credits will throw at least 2 million people off health care insurance while driving up health care costs for millions more. This will undermine the Affordable Care Act, a goal many Republicans have held since the measure became law about 15 years ago. But in September, close to 80% of Americans wanted the credits extended. As the issue became politicized, some Republicans withdrew their support, so the number dropped to about 75%.

A (5:19)

In October, Senate Democrats refused to agree to vote in favor of a continuing resolution to fund the government unless the Republicans extended that premium tax credit. But after weeks of party members calling attention to the issue, seven Democrats and one independent voted in November to end the shutdown in exchange for a Senate vote on a measure to extend the tax credits. That bill is now coming due, trapping Republicans between their ideology, which calls for slashing all government programs, and voters who overwhelmingly want the credits extended. Trump said he was going to produce a health care plan that would extend the premium tax credit for two years, along with new restrictions on who could use the credits by last Monday, but postponed the announcement after Republican lawmakers demanded the extension include a nationwide abortion ban. The White House has not indicated when a new plan might appear. On Air Force One, Trump told reporters he doesn't actually want to extend the tax credits. I'd rather not extend them at all, he said. It may be some kind of an extension, may be necessary to get something else done because the Unaffordable Care act has been a disaster.

A (6:45)

Kia Hubbard of CBS News notes that any plan Senate Democrats come up with will need the support of 13 Republicans to pass the 60 vote Senate filibuster threshold. So far, though, Republican senators seem inclined not to extend the credits as they currently exist but to try to force through a partisan measure that Democrats will not support. Republican senators are proposing different options but say there is no point in figuring out their own position until Trump tells them what he is willing to sign.

A (7:21)

In the House. Republicans in safe districts don't want to extend the credits, saying that an end to support for the system will make it easier to kill. The law they insist is a disaster. According to Alice Miranda Olsteen and Robert King of Politico, some Republican strategists think that voters won't care about health care costs by the time of the midterm elections, especially if Republican policies bring down the costs of housing, energy, food and gas. They think voters will be angrier at support for the Affordable Care act than at higher health care costs. Vulnerable Republicans disagree. They are calling for a temporary extension of the credits to help lower costs again before the midterms.

A (8:10)

Meanwhile, House Democrats have announced they have 214 signatures on a discharge petition to force a vote on extending the tax credits and invited Republicans to join them to bring the measure to the floor today. Democratic Caucus Chair Pete Aguilar, a Democrat of California, told reporters, republicans have said that they want an extension, that they support the Affordable Care act tax credits. We're giving them an opportunity to do that. That's what this discharge petition is about. As Leader Hakeem Jeffries has said for months, Democrats will go anywhere and have any discussion with our Republican colleagues about addressing the Affordable Care act tax credits or the affordability crisis. If Republicans want to have a conversation about solutions, we're all ears.

A (9:04)

The declining fortunes of MAGA Republicans are widening the rifts in the party. Annie Carney of the New York Times reported today on House Republicans anger at Speaker Mike Johnson, a Republican of Louisiana who has defended the priorities of President Donald J. Trump at the expense of the interests of Republican lawmakers. Johnson's letting Trump call the shots means the House has accomplished very little apart from passing the budget reconciliation bill. Republicans call the One big beautiful Bill act a law the American people appear to hate. Although Republicans hold the majority in the House, Johnson has kept the members subservient to Trump's demands. He kept them out of session for almost eight weeks during the government shutdown, for example, to try to jam the Senate into either accepting the House version of a continuing resolution to fund the government or ending the filibuster to enable Trump to force through his unpopular policies. Now, angry that they will have to run in 2026 with little to show for their House majority, House members are talking to the media about their frustration with Johnson. The Republicans have other concerns as well. Today, House Judiciary Committee Chair Jim Jordan, a Republican of Ohio, subpoenaed former Special counsel Jackson Smith to testify in private, rejecting Smith's offer to testify in public. Smith wanted to testify in public to prevent committee members from leaking his comments selectively to the press, spinning them to mislead Trump loyalists. But public testimony could expose some of the evidence Smith gathered about President Trump's participation in the January 6, 2021 attack on the U.S. capitol and retention of classified documents. In a statement, Representative Jamie Raskin, a Democrat of Maryland, the top ranking Democrat on the Judiciary Committee, asked, what are our colleagues so afraid of that they won't let the American people hear directly from the special counsel? The American people deserve to hear the full, unvarnished truth about Special Counsel Smith's years long effort to investigate and prosecute the crimes committed by Donald Trump and his co conspirators. Also today, Senators Ben Ray Lujan, a Democrat of New Mexico, Jeffrey Merkley, a Democrat of Oregon, and Lisa Murkowski, a Republican of Alaska, along with Representatives Ro Khanna, a Democrat of California, and Thomas Massie, a Republican of Kentucky, wrote a letter to Attorney General Pam Bondi asking for a briefing no later than Friday on what she has claimed is new material in the Epstein Files that she said on November 14 had caused her to initiate investigations into connections between Jeffrey Epstein and former President Bill Clinton, former Treasury Secretary Larry Summers and investor Reid Hoffman. On July 7, an FBI memo said there was no new evidence to open new investigations against uncharged third parties.

A (12:36)

Now the bipartisan lead sponsors of the Epstein Files Transparency act from both chambers of Congress are calling out what looks to be Bondi's attempt to shield Trump, first by saying that there was no information in the files that would warrant an investigation of uncharged third parties, and then by opening such investigations on Democrats to muddy the waters and possibly claim that she could not release the files because of ongoing investigations.

A (13:10)

The lawmakers noted they are particularly focused on understanding the contents of any new evidence, information or procedural hurdles that could interfere with the department's ability to meet the statutory deadline of December 19 and express their interest in making sure the law is fully implemented.

B (13:42)

Letters from an American was written and read by Heather Cox Richardson. It was produced at Soundscape Productions, Dedham, Massachusetts, recorded with music composed by Michael Moss.