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President Trump used the image above on May 3 to boast via his Truth Social network that he “holds all the cards” compared to Iran, apparently not realizing that in the game of Uno displayed in the image the one holding the most cards is losing. Even worse, this one-two punch of tariffs and war threatens to reset expectations for how bad inflation will get. Yesterday, for the first time since 2007, rates on new 30-year Treasury bonds surpassed 5 percent. And look, I realize that was possibly the most boring sentence you will read today.¹ So let me explain what it means, why it matters to the economy, and why it suggests Warsh is very, very cooked.
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The Trump administration has saved its most caustic criticism for allies in Europe and Canada, while approaching China more cautiously. And as Mr. Trump heads to Beijing this week for a summit with the Chinese leader Xi Jinping, expectations for its outcomes are limited. “I would think that there would be some reduction — it’s not clear that it would be in the exact amount” of the suspended tax, said Mr. Negron, who worked on economic policy in the Biden administration. State Republicans have tried to repeal the so-called blue dot system — named because Omaha is a blue dot in a sea of Republican red — but Democrats in the State Legislature have blocked them.
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- New York Times, Justices Hint at Strains as Supreme Court Comes Under Scrutiny, Ann E. Marimow and Aishvarya Kavi,.May 19, 2026 (print ed.).
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If they don’t even get to keep their jobs, were their final years in public life worth it? If they conclude they needlessly sold their souls, they might share their confession with voters, especially those who might reflect on the damage their votes for Trump have inflicted on others.Trump and Blanche during Trump’s 2024 trial. Republican losers in primaries do have a choice between now and January. (Even the general election losers have time in the lame duck session). However wildly popular Mr. Trump is with Republicans — he garnered 82 percent approval inside the party in a recent New York Times/Siena poll — he is just as unpopular with the independent voters who so often decide general elections.
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Federal agents raided the homes of several California immigration activists connected to VC Defensa, a grassroots group that monitors ICE activity and warns immigrant communities about raids. The activists say the raids were meant to intimidate them and suppress their organizing work, while the government claims it is investigating possible interference with federal law enforcement during earlier immigration protests. The group’s leader, Leonardo Martinez, described the operations as politically motivated retaliation tied to their efforts to disrupt ICE arrests and support undocumented families. The broader conflict reflects escalating tensions between the Trump administration’s immigration crackdown and local activist networks in California.
Local officials argue the facility would overwhelm the town’s infrastructure, potentially causing water shortages and sewage problems, and allege ICE violated state and federal laws during the project. The proposed detention center is part of a broader nationwide expansion of immigration detention facilities under the Trump administration, estimated to cost $38.3 billion. The plan has sparked opposition in several communities, while DHS says it aims to work with local leaders and ensure humane detention conditions.
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The new initiative is part of a wider DHS strategy that also includes denaturalization and refugee “revetting” programs. Acting Attorney General Todd Blanche is set to appear before senators Tuesday for questioning by a Senate subcommittee primarily focused on the Justice Department’s budget. However, lawmakers are also expected to press him about the controversy surrounding the handling and release of documents connected to Jeffrey Epstein.
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