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A quixotic push by Rep. Lauren Boebert (R-Colo.) to impeach President Biden was placed on the back-burner Thursday. But even some Republican insiders fear the damage might already have been done.

Boebert, one of the fiercest among the GOP’s right-wing firebrands, surprised many of her colleagues by introducing an impeachment resolution earlier this week. The move caused disarray in the House Republican conference and the furor was only defused with a deal to send the resolution for consideration by committees.

The move, passed in a 219-208 vote Thursday, places no obligation on the committees to do anything to advance Boebert’s proposal. But she is insistent that, if it becomes clear the gambit is solely about delay, she will bring up her resolution “every day for the rest of my time here in Congress.”

Meanwhile, more moderate Republicans are wincing at what they consider an unforced political error that will give Democrats ammunition to attack the GOP as extreme and out of touch.

Republican strategist Dan Judy described the move as “frankly stupid,” adding, “the party needs to be focused on the problems facing Americans rather than this sideshow.”

Most polls, to be sure, show American voters’ main concerns are the economy and inflation, as well as a host of other matters barely related to the effort to impeach the president.

But that doesn’t mean there will be an end to impeachment efforts, given that Rep. Marjorie Taylor Greene (R-Ga) has her own efforts to impeach not only Biden, but Attorney General Merrick Garland, Homeland Security Secretary Alejandro Mayorkas, FBI director Christopher Wray and Matthew Graves, the U.S. district attorney for the District of Columbia.

Adding to this week’s spectacle, Boebert and Greene got into a heated verbal exchange on the House floor on Wednesday. Several observers contended Greene called Boebert a “little bitch.” Greene also reportedly accused Boebert of copying her on impeachment. 

Boebert, for her part, has shot back that she doesn’t want to get involved in “middle school” antics.

Democrats are agog at disputes like that — but also convinced that the politics of the matter will play to their advantage.

Democratic strategist Mark Longabaugh declared himself amazed at “the degree to which the Republicans will figure out a way to self-destruct.”

He argued the specific danger was that performative efforts like a push to impeach Biden would turn off independent and moderate voters. 

While he acknowledged such voters have become fewer as the United States has become more polarized, he contended that “they still are a decisive part of winning any general election. And it’s very, very clear that those moderate, swing voters are just not interested in all these Republican shenanigans.”

Some Republicans shoot back that Democrats twice impeached then-President Trump — and they note that, separate from those moves, some Democratic members made solo runs aimed at the same goal.

Rep. Al Green (D-Texas) tried at least three times to impeach Trump, for example. Rep. Steve Cohen (D-Tenn.) introduced five articles of impeachment against Trump in November 2017, before the 45th president had even rung up a full year in office.

But Democrats note that such measures died swiftly, and further contend that the MAGA wing of the GOP has a firmer grip on today’s Republican Party than the progressive left has on Congressional Democrats.

They point not only to Boebert’s impeachment effort but to the mini-uprising that stalled normal business in the House recently, after hard-right members including Rep. Matt Gaetz (R-Fla.) balked at issues including the compromises Speaker Kevin McCarthy (R-Calif.) had made on spending in order to win a debt ceiling deal with Biden.

There is still the possibility that ultra-conservative unhappiness over those compromises could result in a government shutdown closer to the end of the year.

“It’s not just the impeachment but this whole pattern of things,” said Democratic strategist Robert Shrum. 

He included allegations of “Deep State” malfeasance, as well as attacks even on some judges and investigators appointed by former Trump, as evidence of this pattern.

Shrum added that any government shutdown would be “catastrophic for the Republican Party.”

Rep. James McGovern (D-Mass.), speaking in the House on Thursday, accused Republicans involved in bringing the impeachment resolution to the floor of “dishonoring this House and dishonoring themselves.”

According to the Associated Press, McGovern added that the House had “become a place where extreme, outlandish and nutty issues get debated passionately, and important ones not at all.”

Even some Republicans who are uneasy with Boebert’s actions argue that the political impact should not be exaggerated. They contend the episode might fade from voters’ minds fast enough.

But it’s notable that the effort was seen as causing severe discomfort for the 18 House Republicans who represent districts won by Biden in the 2020 presidential election.

And Boebert’s push also gives more fuel to the president’s argument about the supposed extremism of “ultra-MAGA Republicans” — a label that was effective during last year’s midterms. US has ‘downplayed’ the number of UFO sightings: Senator Hawley Senate, House Republicans on collision course over defense spending 

Still, there seems no chance of Boebert backing down. 

“Last Congress I watched my impeachment articles collect dust in Pelosi’s office,” she tweeted on Thursday afternoon. “This Congress, action had to be taken!”

The Memo is a reported column by Niall Stanage.

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Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings

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Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings

Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings

A newly unsealed complaint reveals DCG executives anticipated legal fallout and ignored risk warnings as Genesis spiraled toward collapse.

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CNBC Daily Open: A truce is to be celebrated — but it doesn’t promise peace

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CNBC Daily Open: A truce is to be celebrated — but it doesn't promise peace

U.S. President Donald Trump speaks to reporters onboard Air Force One en route to the NATO summit in The Hague, Netherlands, June 24, 2025.

Brian Snyder | Reuters

The ceasefire between Israel and Iran appears to be holding. In yesterday’s newsletter, we talked about how a blitzkrieg of missile-led diplomacy seemed to help de-escalate tensions.

The flipside of that strange path to a truce is that missiles are, well, fundamentally weapons. Mere hours after both countries agreed to the ceasefire, Israel said its longtime rival had fired missiles into its borders — an accusation which Tehran denied — and was preparing to “respond forcefully.” Probably with more missiles.

U.S. President Donald Trump — who reportedly brokered the ceasefire with Qatar’s Emir Sheikh Tamim bin Hamad Al Thani — expressed frustration with those developments.

“I’m not happy with them. I’m not happy with Iran either but I’m really unhappy if Israel is going out this morning,” Trump told a reporter pool en route to the NATO summit in the Netherlands.

His admonishments seemed to work. There is now a fragile armistice between the two countries.

Oil prices fell and U.S. stocks jumped.

Reuters uploaded a photo of Israeli residents playing frisbee at the beach on June 24. Flights at Israel’s Ben Gurion Airport are resuming, and Iran’s airspace is partially open, according to flight monitoring firm FlightRadar24, CNBC reported at around 3 a.m. Singapore time.

Three hours after that update, NBC News, citing three people familiar with the matter, reported that an initial assessment from the U.S. Defense Intelligence Agency found the American strikes on Iran’s nuclear sites on Saturday left “core pieces … still intact.”

Trump pushed backed on those accusations Tuesday night, writing that “THE NUCLEAR SITES IN IRAN ARE COMPLETELY DESTROYED!”

And so it goes.

What you need to know today

Israel-Iran ceasefire holds, for now
The fragile ceasefire between Israel and Iran,
announced by Trump on Monday, appears to be holding. Israel on Tuesday said it would honor the ceasefire so long as Iran does the same. Earlier in the day, both countries accused each other of violating the truce, and said they were ready to retaliate, prompting Trump to say he’s “not happy” with them. Stay updated on the Israel-Iran conflict with CNBC’s live blog here.

Markets jump as traders bet on truce
U.S. stocks jumped Tuesday on expectations that the Israel-Iran ceasefire would hold. The S&P 500 gained 1.11% to put it just 0.9% away from its 52-week high. The Dow Jones Industrial Average added 1.19% and the Nasdaq Composite climbed 1.43%. The Nasdaq-100 rose 1.53% to close at an all-time high. Asia-Pacific markets mostly rose Wednesday. China’s CSI 300 advanced 0.63% at 1:50 p.m. Singapore time. Tech stocks, such as NetEase and Tencent, were up on news that Beijing approved a large number of games in June.

Oil pares losses
Oil prices regained some ground during Asia trading hours Wednesday. Both U.S. crude oil and global benchmark Brent rose around 1.5%. On Tuesday stateside, oil prices tumbled roughly 6%. Earlier in the day, Trump said China can keep buying oil from Iran, in what seemed like a sign that the U.S. may soften its pressure campaign against Tehran.

Powell says Fed is ‘well positioned to wait’
At a U.S. congressional hearing Tuesday, Federal Reserve Chair Jerome Powell said the economy was still strong. But he noted that inflation is still above the central bank’s target of 2%, and the Fed has an “obligation” to prevent tariffs from becoming “an ongoing inflation problem.” In combination, those considerations make the Fed “well positioned to wait” before making a decision on interest rates.

Don’t make trade political: Chinese premier
“Globalization will not be reversed,” Chinese Premier Li Qiang said on Wednesday through an official English translation at the World Economic Forum’s annual conference in China, often dubbed “Summer Davos.” Li urged all sides not to turn trade into a political or security issue, and said engaging in the international economy is a way of “reshaping the rules and order.”

[PRO] Not ‘bullish enough’ on rally: HSBC
The S&P 500′s rally off its April lows has brought it back to roughly 1% off its record high in a very short time. It’s an advance that has perplexed many investors, who worry that another pullback is on the horizon. But Max Kettner, chief multi-asset strategist at HSBC, said he worries he’s not “bullish enough” on the current rally.

And finally…

Renminbi notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, Jan. 26, 2023.

Athit Perawongmetha | Reuters

China doubles down on promoting yuan as confidence in U.S. dollar takes a beating

China is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters.

In a sign of growing resolve in Beijing to lure the world away from the dollar, People’s Bank of China Governor Pan Gongsheng announced plans last week to set up a center for digital yuan internationalization in Shanghai and promote the trading of yuan foreign exchange futures. Beijing has already rolled out a digital version of its currency to replace some cash and coins in circulation.

— Lee Ying Shan and Evelyn Cheng

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Reds’ Burns fans 1st 5 hitters in his MLB debut

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Reds' Burns fans 1st 5 hitters in his MLB debut

CINCINNATI — Rookie Chase Burns became the first starting pitcher in the expansion era to strike out the first five batters he faced in his major league debut.

He was not able to carry the momentum through the rest of the game.

The 22-year old Cincinnati Reds right-hander, the second overall pick in last July’s amateur draft, allowed three runs over five innings Tuesday night in a 5-4, 11-inning win over the New York Yankees.

Burns struck out his first five batters before Jazz Chisholm Jr‘s single. He gave up six hits and struck out eight, the seventh Cincinnati starter to have at least that many in his first career start.

“We watched for everything,” Reds manager Terry Francona said of Burns. “He didn’t get too excited. I think he enjoyed the competition. There’s a lot to like.”

According to the Elias Sports Bureau, Burns also joined the Yankees’ Al Leiter and Tampa Bay’s Wade Davis as the only pitchers since 1961 whose first six outs in their debuts were strikeouts. Both gave up a run during the first two innings.

Burns struck out seven of the his first 10 hitters and allowed only one hit until Ben Rice led off the fourth by connecting on a hanging slider that went 413 feet and two-thirds of the way into the right field sun deck at Great American Ball Park.

Aaron Judge followed with a base hit. Burns retired the next two hitters, Chisholm got aboard with a single and Anthony Volpe hit a two-run triple when center fielder TJ Friedl made an ill-advised dive and the ball got by him.

“I think he’s a good pitcher,” Francona said. “I don’t think him giving up a couple runs is going to make somebody fold. If that was the case, we wouldn’t have brought him up.”

Burns averaged 98.1 mph with 48 fastballs, topping out with a pair at 100.1 mph in the first inning. He threw 24 sliders, eight changeups and one curveball. New York was 1-for-9 with six strikeouts in his first time through the order and 5-for-9 with a triple and home run the second time through.

Burns threw 53 of 81 pitches for strikes. His first big league pitch was a 98.4 mph fastball to Trent Grisham that just caught the inside corner of the plate. He got Judge to chase a 91.1 mile slider for the third out in the first inning.

“I guess you have to say Judge. I have watched him. He’s a big dude and one of the best hitters in the game,” Burns said when asked if any one strikeout stood out more than the others. “It was probably my favorite one.”

Burns fell behind 3-0 on three of the first 10 batters before ending up with strikeouts, and started 11 of 21 batters with strikes and induced 12 swing and misses. He is the fifth first-round selection from last year’s draft to reach the majors, joining Athletics first baseman Nick Kurtz, Royals outfielder Jac Caglianone, Angels second baseman Christian Moore and Astros outfielder Cam Smith, who was selected by the Cubs before going to Houston in the Kyle Tucker trade last December.

The Associated Press contributed to this report.

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