David Wessel

Patrick Henry expressed concern that the President “may easily become king,” James Madison replied that this would not occur because “[t]he purse is in the hands of the representatives of the people.” Full Henry quote on "you Senate" below: teachingamericanhistory.org/document/pat...

open.substack.com/pub/paulkrug... Paul Krugman replies to Scott Bessent’s diatribe against the Fed.

It's hard to keep up with Trump so we've compiled a list of websites tracking Trump’s actions on tariffs, regulations, the environment, immigration, and more. @brookings.edu Hutchins Center www.brookings.edu/articles/tra...

Trump's legacy: The Era of Free Seas Is Unraveling—and Now Everyone’s Going to Pay www.wsj.com/world/middle...

White House budget would slash NSF budget nearly 55%, cut funding for NSF division that funds research on social sciences & economics. At internal meeting, NSF leaders say they'll dissolve NSF Social, Behavioral and Economic Sciences directorate www.scientificamerican.com/article/trum...

Washington Post's Michael Kranish recalls the bipartisan spirit of 1990 that produced landmark legislation, much of which is now being dismantled. What happened? wapo.st/424t3ru

The long tail of PPP: Maryland's Woodholme Country Club got a $695k PPP loan even tho 501(c)7 social clubs weren't eligible. agrees to pay. In settlement with US attorney, club agreed to pay govt $1 million. Whistleblower gets $100k www.justice.gov/usao-dc/pr/m...

Hope the war is over by then The 2029 Annual Meetings of the World Bank Group and International Monetary Fund will take place in Abu Dhabi, United Arab Emirates, in October 2029, as decided in a vote by the Boards of Governors of the two institutions.

Punchbowl: News. The Senate Banking Committee is no longer planning to hold a hearing for Federal Reserve nominee Kevin Warsh next Thursday, according to two sources with knowledge of the planning

UPDATED. Federal, state & local fiscal policy subtracted 1.3 percentage point from U.S. GDP growth in the fourth quarter of 2025, according to the Hutchins Center Fiscal Impact Measure via @brookings.edu www.brookings.edu/articles/hut...

US fertility rate hit record lows in 2025 as childbearing continued to shift toward older women, according to new federal data www.wsj.com/us-news/why-...

FT says Iran will demand that shipping companies pay tolls in **cryptocurrency** for oil tankers passing through the Strait of Hormuz, as it seeks to retain control over passage through the key waterway during the two-week ceasefire. giftarticle.ft.com/giftarticle/...

Punchbowl has the latest on the Warsh confirmation saga. punchbowl.news/archive/4926...