"perfect fiscal policy storm" where tax reform efforts are colliding with budget debates and the debt-ceiling issue. The WSJ notes that the U.S. national debt is nearing $29 trillion with a significant annual budget deficit of $1.83 trillion in 2024 alone.

There’s not one Democrat, there’s not one Republican, that has a plan to pay off a dime’s worth of debt, not one of them.

Despite holding a majority in both the House and Senate, the Republican party is experiencing internal divisions, or "cracks,"

the Democratic party as "leaderless and message-less" and currently "irrelevant."

the bill still faces an uncertain future in the Senate, where some Republican senators have expressed opposition to certain provisions, like the proposed Medicaid changes.

financial markets are reacting negatively to the lack of fiscal responsibility and the potential for increased deficits. Moody's, a major credit rating agency, has stripped the U.S. of its perfect credit rating, signaling increased risk in U.S. Treasury bonds. This has led to higher interest rates on government borrowing, as evidenced by the "worrying results"

"we are about to find out what level of bond yields and the S&P 500 are necessary for Trump and Congress to course-correct on what is completely unsustainable fiscal policy."

significant changes and cuts to Medicaid. He warns that these cuts could impact even wealthy families who support elderly parents in long-term care situations.

Administration Defying Judicial Orders

President Trump seemingly ambushing foreign leaders

Ending Department of Justice Oversight of Police

The acceptance of a "palace in the sky" from Qatar

Crypto Ventures and Selling Access

House lawmakers are debating President Trump's tax cut legislation, the centerpiece of his economic agenda, aiming for approval by Thursday. The bill renews the 2017 tax cuts and includes new benefits like eliminating taxes on tips and overtime pay.

A Congressional Budget Office (CBO) analysis reportedly suggests Trump's proposed bill ("One Big Beautiful Bill Act") would be "More Beautiful for Top 10%" of households in terms of changes to household resources compared to the bottom 10%.

Legal Developments: Supreme Court Ruling on Alien Enemies Act, The Court did not rule on whether the government can invoke the AEA itself, but on the due process afforded to detainees.

Elon Musk's Stated Reduction in Political Spending

The Department of Justice settled a $30 million wrongful death lawsuit filed by the family of Ashli Babbitt, killed during the January 6th insurrection while breaching the Capitol, for $5 million.

Pittsburgh Mayoral Primary: A centrist Democrat, Bill Peduto (incumbent) was defeated by a more moderate candidate, O'Connor, by a 53% to 47% margin.

A centrist candidate, Nicușor Dan, won the runoff election with 53.6% of the vote, defeating a "far-right populist" George Simion (46.4%).

ICE Arrests of Public Officials: Newark Mayor Ras Baraka was arrested on May 9 outside an ICE detention center and charged with trespassing after attempting to inspect the facility with three Democratic members of Congress from New Jersey: Reps. Bonnie Watson Coleman, LaMonica McIver, and Rob Menendez.

Wisconsin Superior Court judge Hannah Dugan pleaded not guilty to charges of obstructing an official proceeding and concealing a person from arrest, stemming from allegedly helping a defendant leave the courthouse through a specific door.

John Yoo stated there is "no justification" for invoking the Alien Enemies Act without Congressional ratification and court approval.

Current Debt-to-GDP Ratio: As of May 2025, the U.S. debt-to-GDP ratio stands at 122%, a level last seen during the COVID-19 pandemic and approaching the World War II peak of 126% in 2020

Post-WWII: The ratio peaked at 106% in 1946 but significantly decreased to 32% by 1974 due to "economic growth and fiscal discipline."