Late night hosts Stephen Colbert, Jimmy Fallon and Conan O'Brien recorded a joint sketch poking fun at President Trump and the digs he made against them at a South Carolina rally this week.

The backdrop: Trump called Colbert a "lowlife" and Fallon a "lost soul" at the rally, asking the crowd, "Honestly, are they even funny?"

In the video...

  • The bit started off as a video call between Colbert and Fallon.
  • Colbert and Fallon greeted each other, "Hey, lowlife" and "Hey, lost soul." At the end of the video, the two jokingly made lunch plans at Red Hen — the restaurant that asked Press Secretary Sarah Sanders to leave last week.
  • O'Brien joins in: "Donald Trump? The real estate guy who sells steaks? He’s president? Wow, how’s he doing? ... Well guys, give him time, okay? And remember, please be civil. If we’re not careful this thing could start to get ugly."

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A closely-watched CEO economic confidence index rose for the first time after declining for nine straight quarters, according to a survey of 150 chief executives of the biggest U.S. companies by trade group Business Roundtable.

Why it matters: The index, which still remains at a decade low, reflects corporate America's expectations for sales, hiring and spending — which plummeted amid uncertainty when the pandemic hit.

Official says White House political appointees "commandeered" Bolton book review

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A former career official at the National Security Council claims her pre-publication review of former national security adviser John Bolton's explosive book on President Trump was "commandeered by political appointees for a seemingly political purpose," according to a letter from her lawyers filed in court on Tuesday.

Why it matters: The White House fought against the publication of Bolton's book for most of the year on the grounds that it contained harmful and "significant amounts of classified information."

House Democrats unveil sweeping reforms package to curtail presidential abuses

House Speaker Nancy Pelosi. Photo by Stefani Reynolds/Getty Images

House Democrats on Wednesday unveiled sweeping legislation aimed at preventing presidential abuse and corruption, strengthening transparency and accountability, and protecting elections from foreign interference.

Why it matters: While the bill has practically no chance of becoming law while Trump is in office and Republicans hold the Senate, it's a pre-election message from Democrats on how they plan to govern should Trump lose in November. It also gives Democratic members an anti-corruption platform to run on in the weeks before the election.

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