Morning Brief: Trump Accuses Obama Of Treason And Hunter Biden Interviews Make Everything Worse

President Donald Trump accuses former President Barack Obama of treason over the Russiagate scandal as the Department of Justice and Congress seek to question Ghislaine Maxwell. Hunter Biden lashes out at prominent Democrats in a series of interviews, creating new headaches for a party trying to move on from its 2024 loss. A surge in domestic business investment and a new trade deal with the Philippines signal continued economic strength under the Trump administration.

It’s Wednesday, July 23, 2025, and this is the news you need to know to start your day.

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Trump Accuses Obama Of ‘Treason’ As Maxwell Faces Subpoena

Topline: President Trump has accused former President Obama of treason based on newly released Russiagate documents, while both the Department of Justice and Congress are seeking to interview Jeffrey Epstein’s accomplice, Ghislaine Maxwell.

On Tuesday, President Trump claimed that documents recently declassified by Director of National Intelligence Tulsi Gabbard prove Obama’s guilt in orchestrating the scandal. “They have ’em stone cold, and it was President Obama,” Trump said. “The leader of the gang was President Obama. … He’s guilty. It’s not a question… This was treason. This was every word you can think of. They tried to steal the election.”

A statement from Obama’s office called the claims “ridiculous and a weak attempt at distraction.”

Meanwhile, the DOJ and Congress are intensifying efforts to obtain more information from Ghislaine Maxwell. Assistant Attorney General Todd Blanche said that while the DOJ stands by its findings that there is no Epstein “client list” and that he committed suicide, the department still wants to meet with Maxwell. In Congress, Rep. Tim Burchett (R-TN), who sits on the House Oversight Committee, is leading the push to subpoena Maxwell to seek justice for Epstein’s victims.

Transparency advocates are also pushing for the release of documents that remain sealed. Tom Fitton, President of Judicial Watch, told The Daily Wire that his organization is demanding the release of government records on Epstein through the Freedom of Information Act (FOIA). Fitton also said that President Trump should “intervene directly and direct the investigations himself” because the FBI and DOJ would otherwise be investigating their own handling of the case.

Hunter Biden’s Interview Fallout

Topline: Hunter Biden has made waves in a series of candid interviews, defending his past actions and lashing out at prominent Democrats and media figures whom he blames for forcing his father out of the 2024 presidential race.

In his first interviews in years, Hunter Biden, who received a full pardon from his father for firearms and tax convictions, dismissed his legal troubles and the controversy surrounding his laptop. He also defended his lucrative position on the board of Ukrainian gas company Burisma, for which he was paid an estimated $1 million annually, claiming he was “100% qualified” because of his wealth, connections, and education.

Hunter saved his harshest criticism for Democrats who he says betrayed his father, Joe Biden. He blamed former House Speaker Nancy Pelosi (D-CA) for pushing him out of the presidential race and claimed the Democrats lost in 2024 because they “did not remain loyal.” He directed profanity-laced tirades at actor George Clooney — saying, “F*** him and everybody around him” — and at political strategists James Carville and David Axelrod.

The interviews have caused a new headache for Democrats. According to the New York Post, leading party members want to move on from 2024 and view Hunter as a “personification of loss ‘that mainly helps Republicans.’” Carville published an op-ed calling for the party to unite behind a campaign to repeal Trump’s tax cuts. The hosts of the “Pod Save America” podcast, whom Hunter also targeted, fired back, stating, “You were a liability and you should be ashamed.”

Investment Surges In U.S. Economy

Topline: A significant spike in domestic business investment, coupled with a new trade deal and rising wages, indicates a strengthening American economy under President Trump’s “Big Beautiful Bill.”

A new report from the Federal Reserve shows that American businesses are investing near-record amounts in Capital Expenditures (CapEx), a positive sign for future growth. Last quarter saw an 11% increase in business equipment production, following a 23% spike in the previous quarter. Excluding the pandemic, this represents the strongest six-month period for such investment in nearly 30 years.

Joe Lavorgna, Counselor to Treasury Secretary Scott Bessent, told The Daily Wire that the growth is a result of Trump’s policies. The “Big Beautiful Bill” included retroactive expensing, faster permitting for energy projects, and made low tax rates permanent, all of which encourage businesses to invest in the U.S. This investment is contributing to a “blue collar boom,” with real wages for hourly workers rising nearly 2% in the last six months — the strongest growth for a president’s first six months in office in over 60 years.

The trend of domestic investment was further highlighted on Tuesday when European pharmaceutical giant AstraZeneca announced a $50 billion investment in U.S. manufacturing and research facilities, a move reportedly made to avoid Trump’s looming tariffs.

Additionally, President Trump announced a major trade breakthrough with the Philippines, stating the country is “going OPEN MARKET with the United States, and ZERO Tariffs” in exchange for military cooperation.