In a nutshell. 🇺🇸

Some of the news: -- Trump said he would allow Powell to finish his term as Fed Chair if re-elected -- No more TikTok ban -- Cool to the idea of the US protecting Taiwan -- Would love to lower corporate tax rate to 15% -- He'd consider Jamie Dimon as Treasury Secretary

VP Harris has just over 100 days to make her case to the American people. Join Penta leadership @StacyKerr Bryan DeAngelis @YlanMui as they discuss her policy priorities and implications for families and businesses in this week's #WhatsAtStake. eu1.hubs.ly/H0brCGz0

Small businesses owners do it all, but they might not have to. Entrepreneurs use AI to save time and boost creativity — but there are risks involved as well. Penta's Ylan Q. Mui discusses what AI means for SMBs with Imani Augustus from @AEEquity on #WhatsAtStake. tinyurl.com/eexrvjn5

Annual update on Jackson Lake Lodge lobby coffee stand prices (medium drip coffee, including tax but not tip): 2022 $5.57 2023 $5.83 (+4.7%) 2024 $6.10 (+4.6%) Not much disinflation here!

Harris rips “a Trump tax” that she said would raise prices on middle–class families by nearly $4,000 a year–a reference to Trump’s plans for massive new tariffs. Follow along for updates: bloom.bg/dnc2024

Hello my name is ...

Join Bryan DeAngelis, @Ylanmui, and special guest Alex Sternhell as they break down the key moments from last night's historic debate. What’s at stake as we near Election Day? What does Taylor Swift's endorsement mean? Tune in to find out! Listen now: bit.ly/3XDfdet

Thanks Jeff Lawson for buying the Onion so we could get this great zoom in on electoral coverage. No other news source has gone to this level of detail.

Jonathan Weisman Michael D. Shear Perry Bacon Dan Balz Anne Kornblut Dana Milbank scotusreporter Kevin Merida … and the shocker. Trump Triumphs. The amazing Karen Tumulty Philip Rucker Anne Rumsey Gearan crashed this lead A1 story in amazing fashion. Balz & Fisher for sweep. Ylan Q. Mui on global markets. And @wpjenna - more Trump rallies that year than anyone - nailed the moment. Onward. -30-

Split control of Congress takes fast-tracked TCJA extension off the table, and maybe even opens the door to TCJA expiration?

"There will be roadblocks. If the President wants to do anything enduring, he needs Congress, and you guys know Congress as well as I do, if not better. It's going to be hard." How much of President Trump’s agenda will come to fruition in his administration’s first 100 days? And

More on first piece of House GOP tax bill: Of note - 2017 tax cuts have adjustments so current policy baseline is workable in Senate. W&M worked closely with Finance Committee esp in recent weeks Plus, standard deduction boost & $2,500 max child tax credit through Trump’s term

This looks like over $6 trillion of tax cuts through 2035, if made permanent.

JCT provides revenue estimates of the tax provisions of the Budget Reconciliation Legislative Recommendations Related to Tax and estimates of the distribution of the tax burden: jct.gov/publications/2… jct.gov/publications/2…

House Budget Committee makes it official: They’ll meet to package the GOP reconciliation bill at 9 am Friday GOP leaders want floor vote next week

HOUSE PASSES GOP’S TAX AND SPENDING CUT BILL 215-214 vote. Two Republicans vote no - MASSIE and DAVIDSON. HFC Chair HARRIS votes present Now the “One Big Beautiful Bill Act” heads to the Senate

NEWS: Republicans plan to ENTIRELY DROP new limits on pass-through businesses’ SALT deductions as part of pending deal w/ blue-state House R’s, per multiple sources HUGE win for biz groups fighting the crackdown. It raised btwn $35B & $40B MORE in Midday from me & Jake Sherman

who told Thom Tillis to blow a kiss to the C-SPAN camera

🚨NEW INSTA-SCORE🚨 Looks like the final Senate bill will add over $4 trillion to the debt, and violate the House budget instructions by ~$650 billion. via CRFB.org