Episode notes
The "Battle of Los Angeles" and its Political Ramifications. The ongoing clashes in Los Angeles are a dominant news story, characterized by their manufactured nature and political exploitation by the Trump administration. Governor Gavin Newsom (D-CA) and California AG Rob Bonta's request for an emergency injunction against federal troop deployment was denied. Most Republican senators support Trump's actions.
Nationwide Anti-ICE Protests
The "One Big Beautiful Bill Act" (OBBBA) and U.S. Fiscal Health. The OBBBA is expected to cause "Huge Near-Term Deficit Hikes over Current Law," with significant net revenue loss and net outlay cuts leading to a substantial net effect on the deficit.
If budget changes are permanent (i.e., "Absent Sunsetting"), the "Deficit Hikes are Huge in All Years," suggesting temporary or illusory spending cu ...
Keywords
congresseconomicspolitics