Hassett does have the president's ear these days
Bad policies and bad debt.
Fun discovery: on an apples-to-apples basis, Trump's tariff taxes are larger than the tax increases in the House-passed version of Build Back Better in 2021.
Of course, the distribution of Biden's tax hikes on corporations and millionaires are different from Trump's tariffs.
House now taking the first of two procedural votes which include language embedded by Republican leadership that would surrender congressional powers to block Trump’s tariffs until August. They’ve passed these measures several times over the past year; this extension expected to be a close vote
NEW: In January, the White House promised to crack down on fraud. Weeks later, it has become weaponized, as President Trump uses claims of taxpayer theft to penalize Democrats, all the while he pardons his allies connected to the loss of millions in federal benefits
www.nytimes.com/2026/02/03/u...
Amidst Trump's tariffs, goods inflation reached the highest levels since 2023 in data released today
While price increases are much lower than during the worst of the early pandemic, inflation for goods excluding food & energy is still higher than at any point during the 2010s
thank you Wendy!
Sorry I'm not following - do you mean we should be freaking out more? or that we should stop focusing on the bond yields? or both at the same time because bonds are missing it?
probably no relation
Like what can we even say? The president is threatening to harm our allies unless they agree to sell their land to us.
We're hiring at Third Way! Are you a health care wonk? Come be out newest Deputy Director for Health Care www.thirdway.org/careers#depu...
CBPP’s @gbenga-ajilore.bsky.social breaks down the latest economic data from the December #JobsReport, zooming in on how tariffs have impacted jobs in the manufacturing sector.
Great piece by @josephpolitano.bsky.social on job loss in manufacturing, construction, & utilities. A lot of drivers but current policy is playing a major role.
America is Losing Blue Collar Jobs, by @JosephPolitano open.substack.com/pub/apricita...
Exercise is a good thing, and I'm gonna be hooting and hollering like a dang fool if I see you out there getting after it in whatever capacity, but if you use your physique or fitness to demean others, get fucked, truly
There are no trade deals anymore. Any “deal” made by Trump can and will be arbitrarily broken at any moment. No country or corporation can know what happens tomorrow.
THEY KNOW THAT TARIFFS RAISE COSTS ON CONSUMERS www.bloomberg.com/news/article...
Mary Sheffield will become the first woman elected mayor of Detroit, CNN projects. Follow live updates. https://cnn.it/4oRiL7z
Jay Jones (D) wins the race for Virginia attorney general, NBC News projects.
BREAKING: Dem Rep. Mikie Sherrill has won the race for New Jersey governor.
She defeated Republican Jack Ciattarelli to retain Democratic control of the governor's office as Dems win both of the year's gubernatorial races.
Read more: politi.co/49xNGRV
The third woman in this photo is Rep. Chrissy Houlahan. She's also amazing and don't sleep on her political future either.
Imagine a D president were refusing to spend money Congress provided for priorities only important to Rs while also spending money on purposes he wanted that Congress didn’t even provide.
Would a funding bill that lets the president keep illegally ignoring the budget be “clean?” Of course not.
“If Congress lays down its arms on its most fundamental authority, I don’t know what leg they’re going to have to stand on,” said Brendan Buck, aide to former GOP House speakers Ryan and Boehner.
Agreed. It’s a baffling & frightening threat to the constitutional order.
wapo.st/4n5ksgv
Russ Vought has carried out his section of Project 2025 essentially word for word, illegally manipulating and controlling spending inside the White House, overriding enacted laws, the will of Congress, and agency discretion.
His section is very short, and I recommend anyone profiling him read it.
boo
Japan is just a few days away from running out of Asahi Super Dry as the producer of the nation’s most popular beer wrestles with a devastating cyber attack that has shut down its domestic breweries www.ft.com/content/bb86...
You know they made sure this wasn’t going to get shutdown.
I always wait until I get home at least.
I don’t expect markets, Congress, or the courts to come to the Fed’s rescue. My piece asks what can the Fed do now to try to protect itself from political control? www.bloomberg.com/opinion/arti...
It’s hard to overstate how big a deal this is - for the economy (ours and globally), for the rule of law, and for the proper and efficient function of government.
www.nytimes.com/live/2025/08...
