The pre-midterm defenestration of ACA enrollees looks like political madness – but the president appears to believe hitting poor people might work for him

There is a manic quality to Donald Trump’s desperate dash to do something, anything, ahead of November’s midterm elections to convince beleaguered Americans that he can make the pressures his policies have imposed on their livelihoods go away.

The US president offered to lower barriers against beef imports to limit surging meat prices, only to consider backtracking under pressure from the cow lobby. He offered to stop diesel exports, only to find oil companies were not interested. He weakened fuel efficiency standards, claiming this would trim the price of a new car (and forgetting to point out it will also raise spending on gas.) In early October he started mailing $500 checks to nearly a million people touting his healthcare “wins”. Oh, and he promised adult Americans a $5,000 check if Republicans maintain control of Congress. That, too, will go nowhere.

Analysts say fuel will take weeks to ship and quantity is too small to affect prices, while full deal is unlikely to be met given damage to Russian refineries

• Trump announces partial ceasefire but Zelenskyy says deal is ‘news to me’

Donald Trump’s deal with Vladimir Putin to temporarily lift sanctions on US imports of Russian diesel will have little “meaningful” effect on motorists and businesses in the US and overseas, energy and foreign policy analysts have predicted.

The US president infuriated Volodymyr Zelenskyy when he announced the deal on Friday, writing on Truth Social that the agreement with his Russia counterpart to supply millions of tonnes of diesel was essential to reduce fuel prices in the US, which have soared after his decision to go to war against Iran.

‘Even if AI supercharged the economy, its impact on the government’s finances would be muted’

Back through political history to the age of Ronald Reagan, Republicans have repeatedly promised the US public that tax cuts would pay for themselves, firing up economic growth and filling the government’s coffers.

The promise never really panned out. From the Gipper’s day on, the Republicans’ tax cuts inevitably increased the budget deficit. Despite its failure, though, the promise is back, coated in a fine new layer of artificial intelligence pixie dust. It will fail again.

US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutional

Donald Trump announced on Friday that he is establishing a committee to investigate Lisa Cook, the US Federal Reserve governor, over allegations that she committed mortgage fraud, renewing his efforts to oust her despite a June supreme court ruling that her earlier firing was unconstitutional.

Trump said a committee will consult with justice department officials to decide whether there is “cause” for her removal. The White House will hold an in-person hearing on 5 November to consider the allegations against Cook, which will be closed to the public but transcribed and published. Cook will be able to submit a written statement to present her own evidence and will be subject to examination from White House and her own legal counsel.