Washington Policy Brief

Key pressures on Warsh's monetary views ahead of Tuesday's Senate Banking hearing:

• Past hawkishness evolves: Tight-money stance shifted to lower...

Key tensions in federal Mythos rollout:

• Cybersecurity red flags: Mythos uncovers critical bugs hackers struggle with, risking weaponization; limited...

• Razor-thin edge narrows: After NJ special election, GOP at 217-214 (+1 ind caucusing GOP, 3 vacant); Johnson affords only 1 defection on party-line...

• Sweeping impacts since Jan 2025: Orders touch education, healthcare, manufacturing, energy, tech.
• EO Tracker live: Summaries of actions from Jan...

Trade-offs sharpen in Trump’s metal tariffs push:

• Security wins: Restored tariffs counter foreign cheating (e.g., Chinese aluminum via Mexico),...

Recent tax policies signal a trend toward stability and growth:

• OBBBA's tax certainty enables permanent changes, reducing uncertainty for...

Presidential war powers are vast under Article 2, with military contingency plans ready and NSC/Joint Chiefs advising—Trump ultimately decides.

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Massive 44% Pentagon hike to $1.5T in 2027 budget aims to shield military from economic downturns.

• Offset via 10% non-defense cuts, targeting HUD...

Key risks from Trump's moves to oust Fed Chair Powell:

• Direct threats to fire him post-May 15, 2026, if he stays without Senate-confirmed...

Key trade-offs as excise taxes grow to 2% of revenue ($101B FY2024):

• Regressive hit: Lower-income households bear disproportionate burden via...

Major escalation in U.S. naval interdiction: Pentagon shifting from Gulf blockade to boarding Iran-tied vessels anywhere at sea.

• Proven...

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