Shutdown Deal Divides Dems & Florida Probes JPMorgan | 11.11.25

Summary

Morning Wire — "Shutdown Deal Divides Dems & Florida Probes JPMorgan"

Episode Date: November 11, 2025
Hosts: John Bickley, Georgia Howe

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Episode Overview

This episode dives into three hot-button topics:

• The fallout among Democrats over a Senate deal to end the government shutdown
• Florida’s legal probe into JPMorgan Chase regarding alleged cooperation with the Biden Administration's "Arctic Frost" investigation targeting Trump
• How the shutdown and recent political developments are impacting U.S. veterans and active service members
  With reporting and analysis from Daily Wire journalists and exclusive interviews, the show seeks to "get the facts first" for listeners wanting a clear breakdown of complex stories.

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1. Government Shutdown Deal Fractures the Democratic Party

[02:36–06:50]

Key Points

• The Senate achieved a last-minute agreement to fund the government through January 30th, avoiding prolonged shutdown.
• Speaker Mike Johnson quickly recalled the House for a vote, expressing optimism that it would pass with support from President Trump.
• The markets responded positively: Nasdaq up 2%, Dow and S&P 500 near record highs.
• Significant discontent erupted among Democrats. Progressive figures and grassroots voices demanded changes in party leadership, focusing criticism on Senate Minority Leader Chuck Schumer.
• High-profile Democrats, including AOC (Alexandria Ocasio-Cortez) and California Governor Gavin Newsom, derided the deal as a "surrender" and demanded stronger resistance to Republican concessions.
• Party leadership defended the compromise. House Minority Leader Hakeem Jeffries praised Schumer’s efforts to wage a “valiant fight on behalf of the American people” ([04:25]).

Notable Quotes

• Amanda Presa Giacomo ([02:54]):
  "Cautious optimism is probably the best way to describe it. After the Senate reached a breakthrough Sunday night ... they passed a clean continuing resolution to keep the government funded through January 30th."
• Rep. Ro Khanna (via paraphrased tweet, [03:44]):
  "If you can't lead the fight to stop healthcare premiums from skyrocketing for Americans, what will you fight for?"
• Hakeem Jeffries ([04:25]):
  "Yesterday, Leader Schumer and Senate Democrats over the last seven weeks have waged a valiant fight on behalf of the American people."

Segment Highlights

• Schumer faces possible primary challenge from AOC.
• Several Democrat senators voted for the deal, none of whom are up for reelection in 2026, suggesting calculated political moves.
• New polling: 45% of Americans blame the GOP for the shutdown, but only 33% blame Democrats. Despite this, "Democrats blinked first" by agreeing to end the shutdown ([05:30]).

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2. Florida Launches Probe Into JPMorgan and "Arctic Frost"

[07:58–11:18]

Key Points

• Florida Attorney General James Uthmeyer opened an investigation into JPMorgan Chase for allegedly assisting the Biden administration's "Operation Arctic Frost" in targeting Donald Trump and his allies.
• The probe centers on claims that JPMorgan provided the DOJ with sensitive financial information about Trump Media and "debanked" the company before it went public.
• JPMorgan's response: they follow the law in responding to subpoenas, insist they do not discriminate based on politics, and criticized regulatory policies that make banks "overly cautious."

Notable Quotes

• Mary Margaret Olahan ([08:27]):
  "Usmeyer suspects that JP Morgan Chase was providing sensitive banking info to the Department of Justice and to Smith as part of the malicious prosecutions into the president."
• JPMorgan spokesperson (via Olahan, [08:54]):
  "JP Morgan doesn't discriminate against anyone based on politics ... it's terrible that people can lose their bank accounts because of broken policies that encouraged banks to be overly cautious, adding, it's not fair and it shouldn't happen."

Judicial Fallout

• Judge James Boasberg, who signed warrants for FBI access to phone records of Republican lawmakers, faces calls for impeachment.
• Sen. Eric Schmitt ([10:05]):
  "But Judge Boasberg, what he did to Senator Cruz and maybe other senators ... is worthy of impeachment proceedings. There has to be accountability."
• Rep. Byron Donalds ([10:17]):
  "You have a judge who has a responsibility to uphold the law, but what he participated in is the largest spying operation against your political rivals in American history. Everybody loves to talk about Watergate with Richard Nixon. Richard Nixon never even dreamed of something like this."

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3. Shutdown and Service: Veterans and Morale

[11:34–15:26]

Key Points

• Interview with Marine Corps Major (ret.) Chris Lovell, now CEO of Lovell Government Services, on the impact of the shutdown and politics on service members.
• Shutdown created uncertainty and delays in some veteran services, notably in VA outreach and transition programs. Anxiety about pay persisted, but the administration ensured active duty received pay.
• The Trump administration is credited with boosting military morale by ensuring timely pay and appointing former Marine (JD Vance) as Vice President.
• Lovell emphasized the importance of strong, supportive leadership and the morale boost from seeing fellow Marines in top government roles.
• On Veterans Day, Lovell advocates for civilians to attend ceremonies and reach out to veterans in their community.

Notable Quotes

• Chris Lovell ([12:05]):
  "There's been a little anxiety, John, with some veterans not sure whether you get paid or not. ... I think there's a backlog now of about 10,000 at last count [in VA programs]."
• Chris Lovell ([13:40]):
  "The Marine Corps has never been stronger in terms of morale. There's just the sense of missions."
• Chris Lovell, on Veterans Day ([14:18]):
  "Even if you're not a veteran, I would encourage you to go to a Veterans Day ceremony. ... If you have friends and family that served, reach out to them, ask them about their time in service."
• Chris Lovell on Major James Capers ([14:49]):
  "He did some superhuman things that I think are well deserving of the Medal of Honor. ... I didn't know his backstory. All I knew is that guy had something, he was tough and I wanted to be like him."

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Key Takeaways by Timestamp

• [02:36–06:50]: Senate deal to end shutdown divides Democrats; key Democratic voices call for new leadership, while House and Senate leaders try to hold the line against party fractures.
• [07:58–11:18]: Florida investigates JPMorgan over alleged cooperation with government probe into Trump. Judge Boasberg faces mounting GOP calls for impeachment tied to surveillance on Republican lawmakers.
• [11:34–15:26]: Veterans and active service members express mixed feelings; while anxieties over pay and services rose during the shutdown, new administration policies reportedly boost morale and support within the ranks.

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Memorable Moments

• AOC, Newsom, and other prominent Democrats openly rebuking party strategy, illustrating the depth of ideological fracture.
• GOP lawmakers drawing parallels between judicial actions under "Arctic Frost" and the Watergate scandal.
• Major Lovell’s heartfelt story about the impact of iconic Marines like James Capers and his call for Americans to honor veterans by learning their stories.

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The episode paints a vivid picture of a Democratic party at odds, a Republican coalition sensing momentum, and the ripple effects of Washington’s decisions on real Americans—especially those in uniform.

Transcript

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[John Bickley]

The deal to reopen the government drives a wedge between Democrats leading to calls for a change in leadership.

[Host/Advertiser]

This is the culmination of someone who just doesn't get it. Who doesn't get where the base of this party is.

[John Bickley]

I'm Georgia Howe with Daily Wire Executive editor John Bickley. It's Tuesday, November 11th, Veterans Day, and this is Morning Wire.

[Georgia Howe]

Florida launches a probe into JPMorgan Chase, accusing the banking giant of helping Biden's Operation Arctic Frost target Trump. It's come to our attention that JP Morgan debanked Trump Media Group, a Florida based company, right before the business went public.

[John Bickley]

And on this Veterans Day, we talked to a retired Marine Corps major about how the shutdown has affected veterans and service members and how the new administration has lifted morale for our troops.

[Georgia Howe]

Thanks for waking up with me, Morning Wire. Stay tuned. We have the news you need to know.

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[John Bickley]

After the Senate reached a deal to end the government shutdown, hard left Democrats are taking aim at those who worked toward a compromise.

[Georgia Howe]

Daily Wire reporter Amanda Presa Giacomo has the latest on the deal and the fracture it's caused within the Democratic base. Hey, Amanda. So let's start on Capitol Hill. What is the mood there?

[Amanda Presa Giacomo]

Yeah, well, cautious optimism is probably the best way to describe it. After the Senate reached a breakthrough Sunday night, they moved forward with a procedural vote and they convened again Monday after afternoon to wrap up the final details. And finally, they passed a clean continuing resolution to keep the government funded through January 30th. Obviously, the next step for this bill is to head back to the House. And Speaker Mike Johnson has already called his members back for a vote. And while it will be close, Johnson said it's expected to pass and that President Trump is on board. So that'll help push any Republicans who might still be on the fence. Overall, this progress was welcomed by federal workers, air travelers and especially investors. Markets jumped at the apparent agreement. The Nasdaq, for example, that surged a whopping 2%. And the Dow and the S&P 500, they each closed just off record highs. But not everyone is excited about this news. A number of high profile Democrats on Monday, they criticized the looming deal. Social media erupted yesterday with calls for Minority Leader Chuck Schumer to step down. Democrat House member Ro Khanna, for example, he tweeted that Schumer is no longer effective and should be replaced. Here's another quote. If you can't lead the fight to stop healthcare premiums from skyrocketing for Americans, what will you fight for? Obviously, you know that's very significant to see elected officials go on the record like that with that sort of criticism. For his part, House Minority Leader Hakeem Jeffries, he stood by Schumer. He said Schumer was effective and should keep his position. Here's Jeffries from the Capitol.

[Host/Advertiser]

Yesterday, Leader Schumer and Senate Democrats over the last seven weeks have waged a valiant fight on behalf of the American people. And I'm not going to explain what a handful of Senate Democrats have decided to do. That's their explanation to offer to the American people.

[Amanda Presa Giacomo]

Now, this saga puts Schumer in an Even more precarious position. He was already facing a possible primary challenge from Representative Alexandria Ocasio Cortez. She's obviously very far left. And it's worth noting he publicly opposed this deal to end the shutdown, and he ultimately voted against it. So that leaves two possible explanations. First, that Schumer supported it privately, and he allowed these eight Democrat senators to vote yes. By the way, none of those Democrats face reelection next year. So there was, you know, obviously some strategy behind that, or, you know, second, there's this possibility that Schumer really did oppose a compromise, and that could be even more concerning for Democrats because it would mean he doesn't have full control of his caucus.

[Georgia Howe]

Right. Either way, you cut it. The optics aren't great for him here. And we also heard from plenty of angry Democrats outside of Washington. Correct?

[Amanda Presa Giacomo]

Yeah. I mean, you can tell how the left wing base is feeling by looking at the party's 2028 hopefuls and how they responded. California Governor Gavin Newsom, for example, he called it Pathet. He said, this isn't a deal. It's a surrender. Don't bend the knee. AOC said that people want us to hold the line for a reason. This is not a matter of appealing to a base. It's about people's lives. And Illinois Governor J.B. pritzker, he said, this isn't a deal, but an empty promise. We heard similar condemnation from people like Pete Buttigieg, Amy Klobuchar, and Ruben Galleo. And, you know, the list goes on there. Behind closed doors. Many Democrats felt that a compromise just wasn't necessary here because they're winning the messaging battle, and polling does back that up. The latest numbers from a Washington Post and ABC poll showed that 45% of Americans blame the GOP for the shutdown, while 33% blame Democrats. And 63% of Americans say they disapproved of Trump's handling of the federal governments, while independents said Republicans deserve more blame by a 2 to 1 margin. Regardless, it appears that Democrats did blink first here, and Republicans and Donald Trump may come out of this shutdown with another political victory.

[Georgia Howe]

All right, so the GOP potentially pulling victory from the jaws of defeat here. Amanda, thanks for reporting.

[Amanda Presa Giacomo]

You're welcome.

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[Georgia Howe]

Florida's top prosecutor notified one of the world's largest banks on Monday that it's under investigation for its role in the Biden administration's controversial Arctic Frost probe.

[John Bickley]

Here to tell us more about the investigation is Daily Wire reporter Tim Pierce. So, Tim, Florida's Attorney General, James Uthmeyer, is going after JP Morgan. What are we know about the allegations?

[Tim Pierce]

So this was a story broken by our own Mary Margaret Olahan. She got the first look at the letter Uthmeyer sent to JP Morgan Chase. Here's what she said about it.

[Mary Margaret Olahan]

This investigation was prompted by information that was released by the Senate Judiciary Committee talking about how Special Counsel Jack Smith's Arctic Frost investigation into Trump had targeted hundreds of Republican individuals and entities with subpoenas. Now usmeyer suspects that JP Morgan Chase was providing sensitive banking info to the Department of Justice and to Smith as part of the malicious prosecutions into the president. That's how he phrased it. And he the attorney general told me that the bank was asking many questions of Trump Media, its client, questions that were seemingly unrelated to its business. Now, JP Morgan did not directly address the Monday letter when we reached out, but a spokeswoman told me that J.P. morgan follows the law in responding to subpoenas from the government and will continue to do so. She also stressed that JP Morgan doesn't discriminate against anyone based on politics, saying it's terrible that people can lose their bank accounts because of broken policies that encouraged banks to be overly cautious, adding, it's not fair and it shouldn't happen. And it's great that this administration is finally bringing needed regulatory change We've been requesting for years.

[Tim Pierce]

So a great scoop there by Mary.

[John Bickley]

Margaret and some aggressive action from Florida's ag it sounds like. Now, one individual who's facing a lot of the backlash from the Arctic Frost probe is Judge James Boasberg. Why is he in hot water?

[Tim Pierce]

Yeah, you're right. Boasberg was the judge who signed these warrants for the FBI to go after the phone records and essentially spy on about a dozen Republican lawmakers. That has sparked more than a few calls for Boasberg to face some sort of accountability over this. Here's GOP Senator Eric Schmidt.

[Host/Advertiser]

But Judge Boasberg, what he did to Senator Cruz and maybe other senators. Absolutely. And I don't say this lightly.

[Georgia Howe]

Absolutely.

[Host/Advertiser]

Is worthy of impeachment proceedings. There has to be accountability.

[Tim Pierce]

Here's Congressman Byron Donalds.

[Host/Advertiser]

I do want him impeached. He needs to go. Because you have a judge who has a responsibility to uphold the law, but what he participated in is the largest spying operation against your political rivals in American history. Everybody loves to talk about Watergate with Richard Nixon. Richard Nixon never even dreamed of something like this.

[Tim Pierce]

Now, Boasberg, as the chief justice of the D.C. district Court, was the one who had to review the applications for phone records and sign off on them, as well as the gag orders related to those applications. We still don't know what was in those applications. A lot of the material that Boseberg reviewed for them is classified and it's not open to the public. But because Boasberg has discretion in approving these applications, many Republicans think he needs to be looked into for possible violations of the Constitution. Specifically, they say he may have violated the speech and debate clause, which protects lawmakers from law enforcement actions based on their congressional work. So another potential investigation brewing there?

[John Bickley]

Well, we'll see if there's any momentum for that. Tim, thanks for reporting.

[Tim Pierce]

Good to be on.

[Amanda Presa Giacomo]

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[John Bickley]

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[Amanda Presa Giacomo]

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[John Bickley]

Veterans Day, we wanted to take a moment to look specifically at how the events of the last 40 days have impacted our veterans and service members.

[Georgia Howe]

Joining us now to discuss that and more is retired Marine Corps major and CEO of Lovell Government Services, Chris Lovell. Chris, first, thank you for your service and thank you so much for join.

[Chris Lovell]

Thanks, John. Thanks for having me.

[Georgia Howe]

So it looks like we have an end in sight for this government shutdown, but I wanted to ask you about how this has affected veterans and service members in particular. What kind of impact have we seen so far from the government shutdown on them?

[Chris Lovell]

There's been a little anxiety, John, with some veterans not sure whether you get paid or not. The active duty forces, you know, there was two paydays where that was in question. The administration did the right thing. They ensured they were paid. You know, in terms of the veterans post service, the VA suffered slightly with some outreach programs that would otherwise not have been affected if the shutdown was not an issue. Things like vocational and rehab for like transitioning services for when veterans are getting out. I think there's a backlog now of about 10,000 that last count. But yeah, by and large it's, you know, there's a little bit of anxiety overall, like, hey, is this going to, is this going to end and am I going to get the services that I earned?

[Georgia Howe]

Right? And we've covered here how that one time payment was possible, but going forward, it was really unclear if the Trump administration could keep that up. About the Trump administration, more broadly speaking, how has this new administration impacted the lives of military service members?

[Chris Lovell]

I think as the Commander in chief, from my perspective, from what I'm reading and hearing and talking to active duty members, it's encouraging that the Commander in chief has their back and has said as such, in terms of making sure that the active duty forces get their pay with without delay. You know, Lovell government services, my company, we hired tons of Marines and we had a cake cutting ceremony and we talked about J.D. vance. Right. The Vice President, the first Marine to be in the White House and for the troops. What a morale booster to see, you know, the Vice President, former enlisted Marine at the highest levels of government doing great work.

[Georgia Howe]

How do you feel the morale is in general with the Marines now?

[Chris Lovell]

The Marine Corps has never been stronger in terms of morale. There's just the sense of missions. JD Vance mentioned at a Marine Corps ball that it's the administration's desire that the Marines get clear guidance and the guidance would be that they're trained and equipped to be the most lethal fighting force and that, you know, when they're tasked to go somewhere, they go somewhere and they kick hind parts and then they, they have a clear objective and come home.

[Georgia Howe]

Final question, with this being Veterans Day, how do you think we can best preserve the legacy of our military service members?

[Chris Lovell]

Yeah, I think it's great. Even if you're not a veteran, I would encourage you to go to a Veterans Day ceremony. If you have friends and family that served. Reach out to them, ask them about their time in service, what was their favorite times, what did they do that they remember the most that brought them the most satisfaction? And I like to think of veterans that influenced me as a young man. And one of those people are Major James Capers. He's a Silver Star winner, served in Vietnam, and right now his Medal of Honor is pending at the highest levels of the secretary, you know, of war's office. He's 88 years old and he did some superhuman things that I think are well deserving of the Medal of Honor. In high school, I remember seeing his posters. He had a poster out there of him with, you know, this caption, ask a Marine. I didn't know who Major Capers was. I didn't know his backstory. All I knew is that guy had something, he was tough and I wanted to be like him. So it was one of the reasons why I joined the Marines. And so I think it would be fitting, you know, to mention Major Capers.

[Georgia Howe]

Well, happy Veterans Day and thank you again for joining us. We really appreciate it.

[Chris Lovell]

Thanks, John. Appreciate the time.

[John Bickley]

Thanks for waking up with us and for the veterans out there, thanks for your service. If you're listening, you can now also watch the show for free on Daily Wire. Plus, we'll be back later this evening with more news. You need to know.

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