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Cliff Owen / AP

John McCain, typically a supporter of a hawkish foreign policy, told KTAR radio Tuesday that President Trump's threat to rain "fire and fury" down on North Korea was a mistake:

"I take exception to the President's comments because you gotta be able to do what you say you're gonna do...In other words, the old walk softly but carry a big stick, Teddy Roosevelt's saying, which I think is something that should've applied because all it's going to do is bring us closer to a serious confrontation. I think this is very, very, very serious…The great leaders I've seen don't threaten unless they're ready to act and I'm not sure President Trump is ready to act...It's the classic Trump in that he overstates things."

That position was shared by Former Defense Secretary William J. Perry, who tweeted "Nuclear deterrence is only effective if threats are deemed credible, bluster hurts our national security posture."

Go deeper

Dan Primack, author of Pro Rata
32 mins ago - Economy & Business

The great venture capital resignation

Illustration: Rae Cook/Axios

A growing number of top VCs are calling it quits, long before typical retirement age.

Between the lines: Generational turnover isn't new for venture capital, but in the past it's been born of lean times. What we're seeing now is the byproduct of unprecedented success.

Top economic regulators stressed by vacancies

Illustration: Annelise Capossela/Axios

The boom times are all around us (from corporate deal sprees to the breakneck rise of cryptocurrency) — and the agencies in charge are stretched thin trying to police it.

Why it matters: Overwhelmed staff and a slew of vacant posts could set back President Biden's big regulatory agenda.

GOP Sen. Chuck Grassley announces run for re-election

Photo: Greg Nash/The Hill/Bloomberg via Getty Images

Sen. Chuck Grassley (R-Iowa), the longest-serving Senate Republican, announced on Friday that he's running for re-election in 2022.

Why it matters: The GOP is looking to regain control of both chambers of Congress in the upcoming midterm elections. Several Republicans had urged the 88-year-old senator to run to avoid another retirement after five incumbent senators said they wouldn't seek re-election.

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