Swamp Notes

• What a militaristic president means for democracy

  US President Donald Trump deployed federal troops to quell protests in Los Angeles the same week of a massive military parade in Washington, DC. How might this change the relationship between the country and its military? James Politi, the FT’s Washington bureau chief, and Chris Mirasola, law professor at the University of Houston, break down how the administration is defending its growing comfort with displays of armed force.Mentioned in this podcast:Donald Trump tests limits of presidential authority by sending troops into Los AngelesUS court halts order demanding Donald Trump return control of California’s National GuardSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Henry Larson, Katya Kumkova and Lauren Fedor. Kelly Garry mixed this episode. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• Trump’s big play to save steel production

  US President Donald Trump doubled tariffs on steel to 50 per cent this week. He’s also allowing Japan’s Nippon to buy the US Steel Corporation. The moves are meant to bring back manufacturing to America’s steel industry. But will they? FT senior trade writer Alan Beattie and Zehra Munir, the FT’s industrial reporter, discuss whether Trump can make good on a popular promise. Mentioned in this podcast:It’s always steel — tariffs provide Trump with a familiar trade weaponDonald Trump’s US Steel gamble: Pennsylvania workers warm to Nippon tie-upSign up for the FT’s Trade Secrets newsletter hereSign up for the FT’s Swamp Notes newsletter hereCredit: The White House YouTube channelSwamp Notes is produced by Katya Kumkova, Henry Larson and Lauren Fedor. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• Coming soon: The Wolf-Krugman Exchange

  In a special six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the economic events reshaping the world in the wake of US President Donald Trump’s election. Subscribe and listen to this series on The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. Episodes will also be available on the FT’s YouTube channel.If you’d like to get in touch and ask Martin and Paul a question, please email [email protected] Read Martin’s FT column hereSubscribe to Paul’s substack here Hosted on Acast. See acast.com/privacy for more information.

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• Do Republicans still care about debt?

  Republicans are often known as the party of fiscal responsibility. This week, Swamp Notes unravels the US House of Representatives’ “big, beautiful” bill and its uncertain path forward in the Senate. Edward Luce, US national editor and columnist, and James Politi, Washington bureau chief, explain what made congressional Republicans go all in on big spending, tax cuts and more debt. Subscribe to the new Swamp Notes feed here. Mentioned in this podcast:Read Edward Luce’s column on the new ‘moron premium’ for TreasuriesUS House passes Donald Trump’s showpiece tax billSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Lauren Fedor, Katya Kumkova and Henry Larson. Topher Forhecz is the acting co-head of audio. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• Trump’s next 100 days

  This week, Swamp Notes goes to London for a live recording. Katie Martin, host of the Unhedged podcast, and Chris Giles, author of the FT’s Central Banks newsletter, discuss what Trump’s next few months might be like. Have markets truly recovered from the “liberation day” shock? What happens after the 90-day tariff pause is over? Our guests weigh in. Mentioned in this podcast:Read the latest Chris Giles on Central Banks column hereListen to the Unhedged podcast hereSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Mischa Frankl-Duvall and Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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