Kate Bullivant
speaker
258 appearances
13 recordings
1 series
first heard Mar 2025
last heard 9 Oct
Kate Bullivant’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.
Appearances
Meanwhile, President Trump has tossed cold water on the idea of raising tax rates on high-income Americans, calling the potential millionaire's tax very disruptive. Trump's comments end, for now, a Republican flirtation with higher taxes at the top to help pay for his broader agenda. The idea, which cuts against long-standing GOP views on taxes,
could have countered Democrats' argument that Republicans are simultaneously trying to take money from Medicaid and lower taxes for the richest Americans. Trump said he feared a millionaire's tax would mean wealthy Americans would leave the country. And speaking of the richest Americans, they now control a record slice of the nation's wealth.
New data from the Federal Reserve suggests $1 trillion of wealth was created for the 19 richest American households alone in 2024, more than the value of Switzerland's entire economy. The Journal's Juliet Chung says Americans have generally gotten richer, in part thanks to strong US growth. But the rise in wealth for the richest has far outpaced that of everyone else.
And that's it for What's News for this Thursday morning. Today's show was produced by Daniel Bark. Our supervising producer is Sandra Kilhoff. And I'm Kate Bullivant for The Wall Street Journal, filling in for Luke Vargas. We'll be back tonight with a new show. Until then, thanks for listening.
Owen, from your reporting, why are people who were all in on US stocks, why are they starting to look elsewhere for their investments?
We're four months roughly into a four-year Trump presidency. It's relatively early days. So why do you think people you spoke to are not wanting to ride out this period of volatility?
So if people are looking to move out of the U.S., where are they looking to invest their money now?
And what about those investors who aren't looking for the exit when it comes to American stocks?
Owen, thanks so much for bringing us this reporting.
In a blow to Elon Musk, a judge rules Doge's move to dismantle USAID was likely unconstitutional. Plus, how a decades-old chicken tax sheds light on the barrage of new tariffs being pursued by the Trump administration.
And Fitch Ratings adds its name to a slew of prominent forecasters downgrading the outlook for economic growth. It's Wednesday, March 19th. I'm Kate Bullivant for The Wall Street Journal, filling in for Luke Vargas. And here is the AM edition of What's News, the top headlines and business stories moving your world today.
A federal judge has blocked the Pentagon from implementing President Trump's executive order that excludes transgender individuals from serving openly in the military, marking a major legal setback for one of the administration's policy priorities.
Judge Ana Reyes ruled the order likely violated the constitutional guarantee of equal protection and issued a preliminary injunction that halted it while litigation continues.
The government defended the policy, saying that military leadership has the broad authority to decide medical criteria for service members, while current and prospective transgender service members challenged the executive order as discriminatory. Reyes' ruling is set to go into effect Friday. The White House didn't immediately respond to a request for comment.
Meanwhile, a federal judge in Maryland has similarly ruled that the Department of Government Efficiencies move to dismantle the U.S. Agency for International Development was likely unconstitutional on multiple fronts. The ruling directed Doge to halt its work in closing down USAID and ordered it to reinstate access to electronic systems for employees and contractors who were shut out.
The judge took particular issue with Elon Musk's role, saying the billionaire has acted as the de facto head of Doge without having been properly appointed with Senate approval, likely in violation of the appointments clause in the Constitution. The Trump administration's lawyers have maintained that Musk is a presidential advisor, giving recommendations with no binding legal effect.
Without comment on the specific ruling, Musk appeared on Fox News last night and again defended the need to cut government spending.
White House Deputy Press Secretary Anna Kelly called the ruling against Doge a, quote, miscarriage of justice and said the government plans to appeal the decision. And setting up yet another legal fight, President Trump has fired two Democratic commissioners from the Federal Trade Commission, countering Supreme Court precedent that says the FTC's commissioners can only be removed for cause.
is the latest move in Trump's campaign to exert more control over independent government agencies. The FTC has a bipartisan structure, but Tuesday's dismissals mean only two members remain, both of whom are Republican. FTC chief Andrew Ferguson maintains that any of the FTC's commissioners can be removed by the president.
Alvaro Bedoya and Rebecca Slaughter have both called their dismissal illegal, with Bedoya saying that he will challenge it. An FTC spokesman declined to comment. In market news today, it's all about the Fed, with policymakers widely expected to keep rates on hold.
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