On MS NOW’s Morning Joe, Steve Rattner breaks down how Trump’s failure to end the War and reopen the Strait of Hormuz is behind skyrocketing prices at the pump.  President Donald Trump can continue vacillating to his heart’s content about the conditions under which he is prepared to end the war against Iran, but […]

On MS NOW’s Morning Joe today, Steven Rattner details how deteriorating markets, oil prices, inflation, and a worsening Fed outlook may be forcing Trump to deescalate in the Middle East. On Saturday night, President Donald Trump threatened to intensify his bombing of Iran. Early Monday morning, he reversed course and announced that he was having […]

While the risks from President Donald Trump’s decision to attack Iran have rightly focused on the strategic and human risks, another important concern is the potential impact of the war on the world’s energy supplies, principally petroleum. We’ve known for decades that a war involving Iran could result in the closure of the Strait of […]

 As has become his norm, President Donald Trump laced his record-long State of the Union address with numerous falsehoods, exaggerations and distortions. It’s extraordinary that his speechwriters cannot manage to rein in at least some of his remarkable statements – like his claim that $18 trillion of new investments were secured in the first […]

 While Congress continues to wrangle over funding for the Department of Homeland Security, it has completed the rest of its budgetary work for the current fiscal year (which ends September 30) with President Trump getting almost none of the massive spending cuts that he proposed. But as a result, federal spending will continue to […]