Rep. Ro Khanna on Monday outlined five policy priorities House Democrats would pursue if they regain control of the House of Representatives, including Medicare for All, a $25-an-hour living wage by 2032, stronger union protections, $10-a-day childcare and ending U.S. aid to Israel. The proposals were shared via a video posted on X, aiming to reshape the party's economic platform and address domestic costs.

The latest agenda expands on Khanna’s recent push to win back Trump-supporting Teamsters by embracing a “bold, aspirational platform of economic patriotism.” This platform focuses on good-paying jobs, lower costs, domestic manufacturing and national unity. Several of the proposals align with priorities long championed by progressive Democrats, including expanding universal healthcare and raising wages.

Economic Impact and Cost Estimates

A report by the Joint Economic Committee Minority estimated the nation’s child care crisis could cost the U.S. economy as much as $329 billion over the next decade. The report cited the crisis's impact on workforce participation and business productivity as key drivers of this economic loss.

Foreign Policy Shifts

Khanna’s call to end U.S. aid to Israel follows his recent trip to the West Bank. He alleged Israeli settlers carrying U.S.-made rifles detained him and other Americans, and that Israeli forces continued the detention after arriving. The Israel Defense Forces disputed this account, stating troops dispersed civilians blocking the delegation’s route and allowed the delegation to proceed.

The proposal emerges as debate over U.S. support for Israel broadens beyond traditional party lines. Rep. Thomas Massie said Rep. Mitch McConnell privately told him the U.S. should stop providing aid to Israel, though McConnell has not publicly confirmed Massie’s account. Khanna has also raised his national profile recently, stating he was “strongly considering” a 2028 presidential campaign.

JPMorgan Chase CEO Jamie Dimon has stated he would not buy long-dated government bonds, warning that elevated government debt and persistent fiscal deficits across major economies could eventually push interest rates higher and unsettle financial markets. Speaking on an episode of The Master Investor Podcast with Wilfred Frost released Monday, Dimon was asked whether he would buy long-dated government bonds at current levels. "Personally, no," he replied, before adding, "I would not be a buyer."

Deficits Will 'Become a Problem'

Dimon said debt-to-GDP ratios have climbed to around 100% in the U.S. and Europe, while government deficits remain historically elevated despite the absence of a major recession or war. He argued governments should address those imbalances before markets force action. "My view is it will become a problem," Dimon said. "It’s better we deal with it maturely… The other way is to wait for it to become a problem. My guess is that’s what’s going to happen."

His comments come days after publicly held U.S. federal debt surpassed 100% of gross domestic product for the first time since World War II, renewing debate over the country’s fiscal outlook. Rising debt and interest costs have fueled concerns that an increasing share of government spending will go toward servicing debt rather than productive investment. While some analysts argue that could prove deflationary, others warn persistent deficits could drive inflation and borrowing costs higher. Dimon’s warning aligns with the latter view, as he said unresolved fiscal imbalances could lead to higher interest rates, market volatility and renewed pressure from bond investors.

The comments also build on concerns the JPMorgan chief has expressed throughout the year. In May, he warned policymakers to tackle rising government borrowing before markets reacted, saying unchecked deficits could eventually trigger "some kind of bond crisis." Following the bank’s second-quarter earnings last week, Dimon described the U.S. economy as resilient while cautioning that persistent inflation, geopolitical tensions, elevated asset prices and large fiscal deficits remained key macroeconomic risks.

Inflation Still Clouds the Outlook

Dimon also said investors should avoid placing too much weight on individual inflation reports, arguing monthly data can be noisy. Even if inflation falls back to the Federal Reserve’s 2% target, he said he sees little upside in owning long-dated government bonds because yields already reflect much of that scenario. He added that as an "economic historian," he remains mindful of past periods when inflation accelerated despite improving economic conditions, making him cautious about assuming inflation risks have fully disappeared.