Megan Cassella Profile Banner
Megan Cassella Profile
Megan Cassella

@mmcassella

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D.C. correspondent for @CNBC , covering the intersection of Wall Street and Washington. MD born, @UNC bred. megan.cassella @nbcuni .com, Instagram: @megancnbc

Washington, DC
Joined April 2011
Don't wanna be here? Send us removal request.
@mmcassella
Megan Cassella
5 years
Peter Navarro, Trump's trade adviser and chief cheerleader of his China policy, has apparently been quoting staunch China hawk "Ron Vara" in his books for years. But: 1. Ron Vara is an anagram of Navarro. 2. Ron Vara doesn't exist. @tebartl digs in:
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@mmcassella
Megan Cassella
5 years
Your periodic reminder that the USMCA has yet to be ratified by any of the three countries and has not taken effect
@realDonaldTrump
Donald J. Trump
5 years
Congratulations @Toyota ! BIG NEWS for U.S. Auto Workers! The USMCA is already fixing the broken NAFTA deal.
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@mmcassella
Megan Cassella
3 years
White House @PressSec announces that as part of its accessibility and inclusion efforts, every White House briefing will now have a sign language interpreter. Today's joins virtually:
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@mmcassella
Megan Cassella
5 years
A former Trump aide to @jonathanvswan : There’s little hope in trying to convince the president that China does not, in fact, pay the tariffs, because Trump’s belief in them is “like theology.”
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@mmcassella
Megan Cassella
5 years
@tebartl 🧐🧐🧐
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@mmcassella
Megan Cassella
3 years
The Senate just voted 95-4 to confirm Cecilia Rouse to lead the Council of Economic Advisers, making her the first Black person, and only the fourth woman, to hold that role.
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@mmcassella
Megan Cassella
4 years
New: The Biden transition team is vetting a handful of Republicans for possible Cabinet slots in a potential administration. They’re not making any personnel decisions pre-election. But it’s a priority to have GOP options to consider. W/ @AliceOllstein
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@mmcassella
Megan Cassella
4 years
As ballot counting continues around the country, a Biden transition team website is now live: "The transition team will continue preparing at full speed so that the Biden‑Harris Administration can hit the ground running on Day One," it says.
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@mmcassella
Megan Cassella
5 years
@tebartl While you guys are here I happen to have more stories for you about Peter Navarro, such as that he once ran for office and showed up for the debate in a Speedo
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@mmcassella
Megan Cassella
6 years
"We'll try and catch you, okay? We'll try." — Trump re: narrowing the trade deficit with the EU. Showing once again that to him, it's all a competition.
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@mmcassella
Megan Cassella
3 years
Suburban + women voters support not only Biden's infrastructure plans but also the idea of government stepping in to help with problems, polls show. That has delighted the White House, which sees BBB as a way to expand the Dem coalition. Via @ccadelago :
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@mmcassella
Megan Cassella
3 years
I thought this was a glitch on my computer. U.S. added 266K jobs last month, when ~1 million had been expected
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@mmcassella
Megan Cassella
4 years
I think often about the debate when Elizabeth Warren pointed out that the only candidates on stage who had never lost a race were the women, her and Amy. And yet they were asked daily if they'd be able to win.
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@mmcassella
Megan Cassella
3 years
Biden economic adviser Jared Bernstein pushes back on the Larry Summers op-ed () warning that the $1.9T stimulus plan could be too big and carry its own economic risks: "I think he's wrong. I think he is wrong in a pretty profound way about that."
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@mmcassella
Megan Cassella
1 year
So does anybody else’s pup insist on stopping everything to rub her back in a different spot every time you take her for a walk or am I just lucky
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@mmcassella
Megan Cassella
4 years
This 1998 quote from Navarro, which I included in my 2017 profile, reads particularly interesting today in light of the Fauci feud. “I don’t have any concern at all about making stuff up about my opponent that isn’t exactly true..."
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@mmcassella
Megan Cassella
3 years
2020 might be starting to turn itself around 🥰
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@mmcassella
Megan Cassella
5 years
MORE on steel deal as we wait for a formal announcement: Agreement is done. Tariffs will be gone against Canada and Mexico within 48 hours. Trump and Trudeau discussed it today. "We're done," one official said. "It is a great day." Story is updating here:
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@mmcassella
Megan Cassella
3 years
Biden once again downplays the effects of the ongoing GSA delay. “I find this more embarrassing for the country than debilitating for my ability to get started," he says in Wilmington.
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@mmcassella
Megan Cassella
4 years
It's not uncommon to reach across the aisle for Cabinet picks: Clinton had Cohen, Bush had Mineta, Obama had LaHood, Gates, Hagel. The risk Biden would face this year is that a GOP pick could anger the left without winning any new support from the right.
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@mmcassella
Megan Cassella
6 years
Nothing quite says happy Easter like news tonight that Beijing, as retaliation for steel and aluminum tariffs, will levy duties on $3 billion in U.S. exports beginning tomorrow:
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@mmcassella
Megan Cassella
8 years
If you're like me & fascinated by #PodestaEmails but unsure where to start, this @politico liveblog is a good place:
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@mmcassella
Megan Cassella
5 years
What you missed before 9am: Trump at 6:40a: "China should not retaliate — will only get worse!" China, less than two hours later: We're retaliating on $60 billion in U.S. goods.
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@mmcassella
Megan Cassella
3 years
Below the +379K headline number: Permanent job losses, long-term unemployment and labor force dropouts are all staying elevated. Temporary layoffs are dropping, but these are the people who will be slowest to return to work.
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@mmcassella
Megan Cassella
5 months
Reviving this long-neglected Twitter feed with some personal news: I am *so* excited to join @CNBC early next year as a Washington correspondent, covering the intersection of business and D.C. There will be so much to cover, and I can’t wait to get to work.
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@mmcassella
Megan Cassella
7 years
Ever-optimistic Obama with a statement at the ready
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@mmcassella
Megan Cassella
3 years
She’s feeling camera shy but considering it
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@mmcassella
Megan Cassella
4 years
I once inadvertently blocked Kamala’s path in the Capitol tunnels while walking with another senator, and she looked at me and said “I’m walking here” in the same tone she just gave Pence an, “I’m speaking,” and I’m still thinking about it three years later so good luck Mike
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@mmcassella
Megan Cassella
3 years
NEWS: Confirming that Biden has now officially picked Tom Vilsack as Agriculture secretary, returning him to the role he held for the entirety of the Obama administration. Story TK w/ @tylerpager , @hbottemiller , @liz_crampton .
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@mmcassella
Megan Cassella
4 years
Wow: In the same month forecasters expected the unemployment rate to rise from 14.7% to ~20%, it dropped to 13.3% overall. It dropped for adult women, adult men, white workers, Hispanic workers. But it rose (slightly) for black workers, to 16.8%.
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@mmcassella
Megan Cassella
4 years
NJ's Murphy: "I cannot sit here right now and say New Jersey could afford to participate in this program." NY's Cuomo: "That’s just an impossibility." Ohio's DeWine: "The answer is, I don’t know yet." CA's Newsom: "We simply do not have the capacity."
@ESCochrane
Emily Cochrane
4 years
“Within the next week or two most of the states will be able to execute," Mnuchin says re: implementation of executive action on the UI benefits.
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@mmcassella
Megan Cassella
5 years
I asked Larry Kudlow for more details on this and to what level those tariffs are expected to drop. His answer: “We don’t yet have a specific agreement on that, but I will just tell you as an involved participant, we expect those tariffs to go to zero.”
@realDonaldTrump
Donald J. Trump
5 years
China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.
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@mmcassella
Megan Cassella
4 years
It's hard to square this 22 million jobless claims figure — meaning ~1 in 7 U.S. workers filed for unemployment benefits in the past month — with stories we're hearing daily from so many people who still aren't able to access the state systems.
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@mmcassella
Megan Cassella
3 years
NEWS: Biden is tapping longtime Obama aide Denis McDonough as secretary of Veterans Affairs, per two people with knowledge of the decision. Story coming w/ @AlxThomp
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@mmcassella
Megan Cassella
2 years
Some Friday afternoon ~personal news~: After five and a half years, I wrapped up my time at @politico last month. And now, after a couple of unplugged weeks off, I’ll be starting as an economics and policy writer with @barronsonline on Monday. I’m so excited to get to work.
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@mmcassella
Megan Cassella
3 years
I improved! Bringing in the puppy next time for a perfect 10
@ratemyskyperoom
Room Rater
3 years
Good plant work. Blue doors. Natural lighting. 9/10 @mmcassella
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@mmcassella
Megan Cassella
6 years
That's a v long grudge to hold
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@mmcassella
Megan Cassella
6 years
I know this picture/story combo is meant to show American whiskies for sale in Beijing.... but to me it just looks like Washington is dealing with the trade war news by heading to the liquor store ¯\_(ツ)_/¯
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@mmcassella
Megan Cassella
4 years
Biden’s transition team launched its website and social accounts this weekend at @Transition46 , but most of the real work can’t start until a Trump appointee at GSA declares Biden the president-elect. And we’re still waiting on that part Via @AlxThomp
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@mmcassella
Megan Cassella
8 years
Trump tonight: "Putin's not my best friend." Trump three years ago:
@realDonaldTrump
Donald J. Trump
11 years
Do you think Putin will be going to The Miss Universe Pageant in November in Moscow - if so, will he become my new best friend?
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Megan Cassella
6 years
We are so far from this agreement becoming law. From Sen. @BenSasse just now: "There is reason to worry that this might be a step backward."
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Megan Cassella
3 years
New: Biden’s team has quietly begun to address a new crisis he’ll face next year— a hollowed-out government that’s lost decades of expertise after four years of Trump. “I think they face real challenges implementing much of anything.” W/ @AliceOllstein :
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@mmcassella
Megan Cassella
4 years
Celebrating four years today at @politico . Here's hoping for fewer trade wars, unemployment crises and other unprecedented global disasters to cover in the next four 🥳
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@mmcassella
Megan Cassella
4 years
Think of the scrambled politics around USMCA: Democrats are backing a trade deal with a president they hate, with the coveted endorsement of Big Labor, and introducing it on the same day they're unveiling articles of impeachment. How did we get here?
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@mmcassella
Megan Cassella
5 years
A few choice quotes here from Trump but most interesting might be that the EU "wouldn't meet with the Obama administration (on trade). They're meeting with us." The U.S. and EU held 15 negotiating rounds to try to wrap up TTIP, a bilateral trade deal, from mid-2013 to late 2016.
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@mmcassella
Megan Cassella
3 years
. @MZanona : "There were members who were calling their loved ones. It was just a very scary few minutes there." @sarahnferris : "I cannot overstate how terrified we all were, not knowing what was coming next." The Capitol siege, from our reporters inside:
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@mmcassella
Megan Cassella
7 years
The wall — it always comes back to the wall. This story is astounding:
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@mmcassella
Megan Cassella
5 years
There’s an internet prank where millennials text their parents asking how long they should microwave a 25lb turkey for and I rly recommend trying it
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@mmcassella
Megan Cassella
1 year
what you saw vs what I saw
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@mmcassella
Megan Cassella
4 years
Things that are all true: - Nearly 5M Americans went back to work in June - Nearly 15M remain unemployed - The # of permanently unemployed is 3M and growing - Things have likely gotten worse since the June survey found an 11.1% unemployment rate
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@mmcassella
Megan Cassella
3 years
In April, I wrote w/ @Briannaehley about workers being forced to choose between going back to work under unsafe conditions or losing their unemployment insurance (). Today, Biden will sign an executive order to close that loophole:
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@mmcassella
Megan Cassella
4 years
While we’re all figuring out a new normal, I’m shifting for awhile into a new beat — covering unemployment in this unprecedented time. I want to hear about the job you lost or are worried you might lose; the unemp benefits you’re waiting on or trying to apply for. DMs open!
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@mmcassella
Megan Cassella
6 years
There's a lot to unpack from this, but here's the thing: Congress will say Trump didn't have a mandate to negotiate a separate deal with Mexico — he had one to renegotiate NAFTA. This is Trump pressuring Trudeau to agree to what's on the table, and quickly.
@JenniferJJacobs
Jennifer Jacobs
6 years
BREAKING: Trump says he’s terminating NAFTA and entering a different deal with Mexico, and possibly Canada if they want to negotiate “fairly.” If not, he says he put tariffs on Canada’s cars.
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@mmcassella
Megan Cassella
5 years
Hi NBC plz ask about trade tonight, it is important and also we have a newsletter to fill
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@mmcassella
Megan Cassella
4 years
USMCA news: US is asking to tighten the definition of what qualifies as N. American steel—a bid to win over labor that risks backlash in Mexico. Mex industry is furious. It’s part of what has made talks this week so difficult. And it further complicates the path to a compromise
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@mmcassella
Megan Cassella
2 years
Getting back in action over here today after an eventful few weeks off 🥰 Highly recommend both marriage and vacation. 📸 by my brother @briancassella
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@mmcassella
Megan Cassella
5 years
Easter Sunday finds at my parents’ house: A sixth-grade poster I made declaring I was going to go to UNC and become a journalist. “If I got paid to write about events happening in my city, I think that I would love it.”
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@mmcassella
Megan Cassella
6 years
Today felt light on news, so here's some more: The Trump administration has carved out time on the White House schedule on Thursday to formally announce a "handshake" NAFTA deal with Mexico, sources say:
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@mmcassella
Megan Cassella
6 years
"It's still pain, now, here, for us. But it will get better." Trump's trade policies are burning farmers across rural America — but even plummeting commodity prices and slashed incomes aren't enough to turn them away from the president or the GOP.
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@mmcassella
Megan Cassella
3 years
Biden aide Jen Psaki offers this on a press call today: "Rebuilding the institutions of government that have been hollowed by this administration, finding ways to engage with civil servants, the career officials who are frankly the heart and soul of government ... is a priority."
@mmcassella
Megan Cassella
3 years
New: Biden’s team has quietly begun to address a new crisis he’ll face next year— a hollowed-out government that’s lost decades of expertise after four years of Trump. “I think they face real challenges implementing much of anything.” W/ @AliceOllstein :
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Megan Cassella
3 years
Stopped by the @politico offices last night and it’s amazing how much it feels and looks like time just ... stopped
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@mmcassella
Megan Cassella
3 years
Breakdowns by race of the change in unemployment rate from January to February show signs of an uneven recovery: Overall: -0.1% White workers: -0.1% Asian workers: -1.5% Hispanic workers: -0.1% Black workers: +0.7%
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@mmcassella
Megan Cassella
4 years
I've been covering the path to a USMCA deal for two and a half years now and I can't wait for the part where Trump just tweets out that it's done
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@mmcassella
Megan Cassella
6 years
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@mmcassella
Megan Cassella
4 years
This Thanksgiving I am thankful for dedicated colleagues and a fully staffed trade team in an otherwise (mostly) empty newsroom 🙌🏼💪🏼
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@mmcassella
Megan Cassella
4 years
McConnell's latest pledge: The $600/week boost to unemployment aid, currently set to expire at the end of July, will not be renewed
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@mmcassella
Megan Cassella
9 years
"I am so tired of waiting, aren't you? For the world to become good and beautiful and kind?" --Langston Hughes. 1931.
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@mmcassella
Megan Cassella
7 years
The evolution of "hereby," as illustrated in one screenshot
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@mmcassella
Megan Cassella
7 years
This is a remarkable paragraph about the healthcare bill the House is set to pass today via @jdawsey1
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@mmcassella
Megan Cassella
4 years
So, Trump's big China deal: — leaves tariffs in place on roughly $370 billion in imports, duties borne "approximately 100 percent" by US consumers, according to new analysis — does not address the issues that led to the trade war
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@mmcassella
Megan Cassella
6 years
“I’m not making you fair trade deals,” Trump says in Murphysboro. “I’m making you unfair trade deals in our favor. ... About time.” So, that should go over well with Europe et al
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@mmcassella
Megan Cassella
5 years
Area Policy Reporter Fears Impeachment Inquiry Will Leave Her With Nothing To Write About
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@mmcassella
Megan Cassella
4 years
Big day tomorrow: Lighthizer and Kushner are headed to Mexico to sign a revised USMCA deal, per three sources familiar. It's likely a Canadian delegation will be there too. And AFL-CIO chief Trumka has given the nod for it all to move forward. Details:
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@mmcassella
Megan Cassella
4 years
My top professional accomplishment to date is persuading my friends and family to read trade policy news
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@mmcassella
Megan Cassella
6 years
How do voters feel about tariffs? 14 percent like when the administration focuses on imposing them (while 70 percent would rather they focus on new trade deals and markets)
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@mmcassella
Megan Cassella
7 years
Mocking the president of the United States' tweets is now a business opportunity
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@mmcassella
Megan Cassella
3 years
Calling all women! If you quit or lost your job during Covid and are debating whether to return to work, or are wondering if you'll be able to, or have decided not to, I'd love to talk to you for a story. mcassella @politico .com or DMs open!
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@mmcassella
Megan Cassella
4 years
Twelve weeks into the pandemic, new unemployment claims are still more than double the highest rate we'd ever seen in a single week before coronavirus. (That record: 695k in 1982)
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@mmcassella
Megan Cassella
4 years
Trump has vowed not to lower or remove his tariffs to help the struggling U.S. economy. Now some businesses are trying to figure out how they can afford to both pay the steep duties and keep workers on their payrolls. Via @ABehsudi :
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@mmcassella
Megan Cassella
4 years
Just Friday night dad things
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@mmcassella
Megan Cassella
5 years
When my editor asks why I missed my deadline
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@mmcassella
Megan Cassella
6 years
You guys John Oliver summarized everything I've spent the last two years writing about but he did it with fewer words and more jokes so I'm going to retire but I leave you with this:
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@mmcassella
Megan Cassella
4 years
We've been waiting at least since mid-October for this U.S.-China deal signing ceremony and it's mostly just Trump reciting the names of dozens of people in the audience
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@mmcassella
Megan Cassella
4 years
The last trade deal AFL-CIO *endorsed* (and didn't just stay neutral on) was the U.S.-Jordan FTA in 2001. So this is a big, big win for Democrats, signaling they got a lot of their demands fulfilled in USMCA.
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@mmcassella
Megan Cassella
3 years
Tap for a surprise
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@mmcassella
Megan Cassella
3 years
The U.S. labor market added 245k jobs last month when the country remains down 10 million from February. This is brutal 👇🏼
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@mmcassella
Megan Cassella
8 years
Went to an important campaign event tonight where I was expected to write in my ideal candidate for president
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@mmcassella
Megan Cassella
4 years
Three months into the unemployment beat and I just had a dream I slept through the jobs numbers!!! Is this a rite of passage for you all
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@mmcassella
Megan Cassella
3 years
Beneath the positive headline number in January, long-term unemployment ticked up again: *40%* of jobless Americans have now been out of work 6 months or more. That carries major implications for families — and for hopes of a quick recovery post-vaccine 👉
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@mmcassella
Megan Cassella
5 years
Spending today celebrating three years at @politico — which I think means I must be almost done with my bachelor’s degree in trade policy 🥳👩🏻‍🎓
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@mmcassella
Megan Cassella
4 years
One of my childhood goals was to become the first female president. Apparently, around 2002, I wrote down my platform.
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@mmcassella
Megan Cassella
4 years
It's a Biden v. Bernie primary (sorry Liz) and we've got two candidates with opposing worldviews on trade
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@mmcassella
Megan Cassella
4 years
🚨 Bernie Sanders is eyeing a role in a future Biden administration, and he's interested in the top job at the Labor Department. W/ @AliceOllstein & @hollyotterbein :
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@mmcassella
Megan Cassella
4 years
Striking graph from @ernietedeschi showing who is most deeply affected by the lack of childcare options. Helps flesh out what @eleanor_mueller and I wrote on this last week — all women are affected by this, but disproportionately women of color:
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@mmcassella
Megan Cassella
3 years
New: Biden is leaning toward Tom Vilsack to lead his Agriculture Dept, reprising the role he held for eight years under Obama. Other names remain on the shortlist, including a new one: former Mich Gov. Jennifer Granholm. W/ @liz_crampton & @tylerpager :
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@mmcassella
Megan Cassella
4 years
A good news press release in my inbox: Apparel brands including Hanes, Fruit of the Loom are teaming up to manufacture face masks for doctors. They say they expect to send their first shipments mid-week.
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@mmcassella
Megan Cassella
4 years
Trump on Senate Finance Chairman Chuck Grassley: "He's got this voice that scares people." Then he imitated it 👇🏼
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@mmcassella
Megan Cassella
3 years
A milestone for today: This week marks the 52nd straight week the Labor Department has reported more than 1 million Americans filing a new application for unemployment aid.
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