Newsletter Archive

September 2026

IRS Audit Revenue Plunges Under Trump

Happy Tuesday! Congress has averted the threat of a politically risky government shutdown at the end of the month, after the House voted overwhelmingly today to pass a stopgap bill funding federal agencies into December. Yet even as that…

August 2026

Supreme Court Allows Trump Ballroom Construction to Continue

Good Monday evening. The Supreme Court today allowed work to continue on President Trump's White House ballroom project while the legal case plays out - which might well take longer than the construction. We've got details on that and more…

Trump Slaps 50% Tariff on Canada, Threatens More

Good evening. Dispensing with hopes for a quiet final week of summer, the Trump administration ramped up conflicts with Iran and Canada today, as Treasury Secretary Scott Bessent announced a new financial offensive against Iran and…

Bessent Promises a New Fiscal Plan as His Market Move Fizzles

Good evening. The bond market today shrugged off the Treasury Department's attempt to rein in rising borrowing costs, as investors dismissed a move by Treasury Secretary Scott Bessent as just a Band-Aid on a much bigger problem. We've got…

US National Debt Tops $40 Trillion

The national debt hit another milestone mark today and the Treasury Department stepped in to calm some bond market unease. Here's what you need to know this Wednesday evening.

30-Year Treasury Yield Touches a 19-Year High

Happy Tuesday! Voters are going to the polls today to decide primary contests in Alaska, Florida and Wyoming and a special election to serve out the remaining term of former California Rep. Eric Swalwell, who resigned after multiple…

Trump Doesn't Need Congress to Approve His Ballroom, Blanche Says

Happy Monday! The Trump administration said today that it is temporarily pausing a controversial border construction project in Texas's Big Bend National Park after bipartisan backlash from critics who call the work expensive, unnecessary…

Prescription Drug Prices See Biggest Drop in 63 Years

Good evening! The Trump administration said today that exporters in China and other high-tariff countries are routing their goods through other countries to avoid U.S. levies. A report released by the White House and trade adviser Peter…

Trump Takes Aim at Mamdani’s NYC Pied-à-Terre Tax

Good evening. In a televised interview with Real America's Voice, President Trump coyly played along with the suggestion that he could declare a national security emergency to force the adoption of his desired election restrictions,…

Deficit Hits $1.8 Trillion in First 10 Months of Fiscal Year

Happy Monday! July was the hottest month ever recorded in the contiguous United States, according to the National Oceanic and Atmospheric Administration. Temperatures across the 48 states averaged 76.9 degrees Fahrenheit, topping a…

Shockingly Bad Jobs Report Raises Concerns About Labor Market

Happy Friday! Or maybe not so happy, given the shockingly weak July jobs report out this morning, which added to questions about the state of the economy. We've got details on that below, but first we've got updates about a court ruling on…

Government Watchdog Bites DOGE on Exaggerated Savings Claims

It's Thursday evening and the Senate hasn't left town yet! Senate Majority Leader John Thune had quipped to reporters yesterday morning that the week was turning out to be "kind of a train wreck." Republicans are still working to get…

Cost of Trump’s Battleships Soars to $275 Billion, CBO Says

Good evening! On this date 165 years ago, President Abraham Lincoln signed the Revenue Act of 1861, which imposed a flat 3% annual tax on individual incomes over $800 - the first federal income tax, introduced to help fund the Civil War…

Senate Leaders Strike Deal to Avert a Pre-Election Shutdown

Happy Monday! The Senate has plenty on its agenda this week before it heads out for a scheduled summer break. Senate Majority Leader John Thune is looking to tackle a list of legislative priorities, including a short-term government…