“An unmistakable nudge to lawmakers that investors are … concerned about legislation that could pile trillions of dollars more onto an already staggering national debt.” — with Benjamin Guggenheim Meredith Lee Hill Jordain Carney and shepherded by Mike DeBonis politico.com/news/2025/05/1…

New from me —> Republican donors are wary of GOP’s tax hike on private foundations.

President Donald Trump will be having dinner tonight with a different type of crypto fanatic: his memecoin investors. "'Wouldn’t it be insane if I get to meet the president of the United States based on a memecoin competition?'" My latest: politico.com/news/2025/05/2…

Judge approves Treasury DOGE team’s access to sensitive data systems ow.ly/ZATU106acZc

The Trump administration is gearing up to deliver a major win to Wall Street banks, via Michael Stratford (Calling all SLR nerds) politico.com/news/2025/05/3…

NEW: Senate Banking Republicans are preparing to propose GOP megabill provisions that would change Federal Reserve employees’ pay scale and zero out CFPB funding. Committee Rs meeting tomorrow morning to discuss their reconciliation contributions. subscriber.politicopro.com/article/2025/0…

Federal Reserve Chair Jerome Powell has appointed the DOJ’s longtime watchdog to serve as the new inspector general for the Fed and CFPB. ow.ly/CFaT50W5LaZ

.Rodney E. Hood tells Michael Stratford that U.S. regulators recently told foreign counterparts at Basel Committee on Banking Supervision that they're "not retreating" from global standards. Will re-propose Basel III endgame, goal is something "capital neutral." subscriber.politicopro.com/article/2025/0…

Senate aides working on GOP tax bill tell Michael Stratford that the Office of Financial Research section is designed to limit funding to only what’s required to operate FSOC & allow the office to continue collecting data needed for a key interest rate benchmark politico.com/newsletters/mo…

NEW: A federal appeals court has cleared the way for the Trump administration to make deep cuts and restructuring at CFPB. w/ Michael Stratford politico.com/news/2025/08/1…

ICYMI from the weekend: Wall Street vs. Crypto The financial world is barreling toward a lobbying civil war in Washington w/ Michael Stratford & Declan Harty politico.com/news/2025/08/2…

🚨 Republican Sen. Thom Tillis said Wednesday he would not consider a nominee to replace ousted Fed Gov. Lisa Cook until the legality of President Donald Trump’s move to fire her has been determined in court, per Jasper Goodman and Jordain Carney politico.com/live-updates/2…

☕️☀️MORNING SCOOP: At a private dinner attended by dozens of admin officials & Trump allies last week, Treasury Sec Scott Bessent threatened to punch housing finance official Bill Pulte "in the f--ing face."😯 THE SCENE: The evening was supposed to be one of celebration: Trump

NEW: Republican lawmakers are privately fed up with Bill Pulte. “I think he’s a nut,” one House Republican said. w/ Meredith Lee Hill Katherine Hapgood politico.com/news/2025/09/0…

Sec Bessent, asked about this on CNBC: “Treasury secretaries dating back to Alexander Hamilton have a history of dueling ... Just like any great sports team, you can argue in the locker room, but we get out in the field and do the best for the president and the American people.”

Treasury could soon wade into a fight between crypto firms and banks over whether stablecoins can pay yield Michael Stratford subscriber.politicopro.com/article/2025/0…

BREAKING: #SCOTUS, 6-3, lets Trump sideline Biden appointee Rebecca Slaughter from Federal Trade Commission. #SCOTUS will also hear arguments in December on overruling Humphrey's Executor, case that upheld Congressional limits on firing FTC members Doc: documentcloud.org/documents/2610…

NEWS: NY’s top financial regulator, Adrienne Harris, is stepping down, & DFS’ Kaitlin Asrow will take over as acting superintendent on Oct. 18. I interviewed Harris about her tenure, & she also shared a bit of news about crypto guidance coming this week: subscriber.politicopro.com/article/2025/0…

Scoop from Michael Stratford: Trump administration officials are exploring options to sell off parts of the federal government’s $1.6 trillion student loan portfolio to the private market politico.com/news/2025/10/0…

The crypto industry has spent hundreds of millions of dollars to get its way in Washington But when it comes to the top item on their 2025 wish list, crypto CEOs are finding that they need one thing money can’t buy: more time Declan Harty Meredith Lee Hill politico.com/news/2025/10/2…