A number of Texas Republicans in the U.S. House announced their decision to not seek re-election in 2020 including Reps. Will Hurd
(TX-23), Mike Conaway (TX-11), Pete Olson (TX-22), and Kenny Marchant (TX-24). Conaway’s seat is the only of the four that is not considered competitive for
the next election. A total of 11 House Republicans currently plan to retire or seek another office in 2020, while only three House Democrats have announced their decisions not to run.
Democrats flipped two TexasGOP House seats in 2018 with Freshman Members Colin Allred ousting Rep. Pete Sessions, and Lizzie Fletcher defeating Rep. John Culberson, and hope that they can make even more gains next year with Republicans forced to defend more open seats and President Trump, who remains unpopular in suburban areas, at the top of the ticket.
After Chinese and U.S. officials tried to restart trade talks earlier last week, President Trump announced Friday the U.S. would impose a 10 percent
tariff on $300 billion worth of Chinese imports. The tariff will take effect on Sept. 1 and will target retail, along with other consumer goods from companies
like Apple. The news pushed the S&P 500 to its worst weekly performance of the year, and stocks fell sharply today with the Dow Jones
Industrial Average plunging 524 points and the S&P 500 dropping 2%.
China also responded to the President’s announcement by letting its currency, the Chinese yuan, sink to the weakest level in over a decade, prompting President Trump to call the move currency manipulation and making Chinese goods cheaper for overseas buyers, and ordering state-owned companies to reportedly halt their purchases of U.S.
Reports indicate that the
U.S. Department of Labor Wage and Hour Division is reviewing public comments to finalize the “Big Three” rules that many businesses have labeled their top
labor policy priorities, aiming to complete the trio: overtime, regular rate, and “joint employer” before the end of the year.
Senate Republicans are also working to confirm the President’s new DOL Secretary nominee Gene Scalia as soon as October.