It's a most sensitive subject in the White House.
| May 7, 2025 
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Good evening! Jess here. The Federal Reserve held interest rates steady amid growing uncertainty over how President Trump's tariffs could affect inflation. Meanwhile, House Speaker Mike Johnson has dropped one of the most aggressive options the G.O.P. was considering to cut Medicaid costs, underscoring the deep party divisions imperiling the plan to pay for the president's agenda. We're cooking up a new way to bring you stories like these in this newsletter. For now, I hope you'll take a look at our coverage below — and send me your questions about the Trump administration. — Jess Bidgood | MORE ON THE TRUMP ADMINISTRATION | | | | |
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