“Defense Secretary Pete Hegseth arrived at the Pentagon in January with almost no government experience and huge ambitions to remake the way the military was being run,” the New York Times reports. “In just three months in office, Mr. Hegseth, a former Fox News host, has instead produced a run of

Paul Krugman: “What we’re seeing now is something familiar to those of us who have studied economic crises in other countries, usually but not always emerging markets. For this is looking more and more like a “sudden stop.” That’s what happens when a country that has relied on large inflows of

Punchbowl News: “Most estimates for the date when the federal government will reach its borrowing limit — known as the ‘X date’ — peg it at some point this summer or early fall. But Treasury is expected to give its most updated estimate next week as April tax receipts come in.” “This update will be

“I understand very well why it is wrong to compare Adolf Hitler’s Third Reich to any other movement. It was uniquely evil, full stop. I get it. But there are important lessons from the history of that emergent evil.” — Former Vice President Al Gore, quoted by Politico.

Jonathan Lemire: “All of last week, the White House had told staffers to hammer home its messaging about deportations, immigration, even Greenland — really, any issue that could distract from an economy left quaking by Trump’s trade war–inducing tariffs.” Playbook: “So did anyone tell the