• Turns out the top one percent of earners in America are even richer than we previously thought. Neat!
• Dorsey Shaw at Buzzfeed watches too much cable news, and he knows it.
• We may be one step closer to naming a winner in our #CantorsNextGig contest. From this morning’s Politico Playbook email:
Attendees tell us that at Lally Weymouth’s exclusive summer bash in the Hamptons, Eric Cantor was working the room as if he were running for something. In fact, he was auditioning. Weymouth’s party, which each year is one of the season’s most coveted invites, was studded with what one attendee called “the ‘Too Big to Fail’ crowd,” including Goldman chairman and CEO Lloyd Blankfein and investor Carl Icahn, ranked by Bloomberg as the world’s 32nd richest person. Aides say nothing is decided about Cantor’s future. But sources on Wall Street and in D.C. said they see a fairly clear path ahead. These sources say Cantor—who steps down as House majority leader July 31, and will remain in Congress through January—is expected to take a New York finance job as part of a lucrative new life.
We’ll keep monitoring this situation as it develops. Back to you in The Situation Room, Wolf.
