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Consumer Spending Is Under Strain

April 10, 2026 at 6:53 am EDT By Taegan Goddard Leave a Comment

New York Times: “The enduring strength of consumer spending, which powers two-thirds of America’s economic output, has been the main reason that the United States has evaded a recession through successive drubbings over five years: roaring inflation, a rapid run-up in interest rates and a barrage of tariffs.”

“But the war in the Middle East may prove one blow too many for even those hardy American consumers, who have also seen their balance sheets eroded by slowing wage increases, rising costs and a pullback in government safety net benefits. The personal savings rate is the lowest it has been since 2008, outside pandemic-era swings.”

Hearing for Trump’s Fed Pick Delayed

April 10, 2026 at 6:53 am EDT By Taegan Goddard Leave a Comment

An expected nomination hearing for Federal Reserve chair candidate Kevin Warsh has been delayed, CNBC reports.

Vance Faces Test of His Negotiating Skills

April 10, 2026 at 6:52 am EDT By Taegan Goddard Leave a Comment

New York Times: “Weeks after Vice President JD Vance privately warned President Trump of the costs of a full-scale U.S. war with Iran, he is now leading the charge to negotiate an end to the biggest foreign policy crisis that the president has faced during his time in office.”

“Mr. Vance, along with Steve Witkoff, the president’s special envoy, and Jared Kushner, Mr. Trump’s son-in-law, are expected to travel to Pakistan on Friday to hold talks with the Iranians, as a cease-fire between the United States and Iran is under strain. It would be the highest-level meeting between U.S. and Iranian officials since 1979.”

“The stakes are enormous for Mr. Trump and for Mr. Vance, whose most high-profile assignments from Mr. Trump have involved domestic politics, most recently as the president’s ‘fraud czar.’”

Quote of the Day

April 10, 2026 at 6:48 am EDT By Taegan Goddard Leave a Comment

“I don’t really know if I do consider myself one right now. I would say I’m definitely leaning more calling myself an independent… I haven’t changed yet. But I will probably think pretty deeply about doing that.”

— Former Rep. Marjorie Taylor Greene (R-GA), talking to Politico, on whether she’s still a Republican.

FAA Turns to Gamers for Air Traffic Control

April 10, 2026 at 6:10 am EDT By Taegan Goddard Leave a Comment

New York Times: “As the Trump administration seeks to fill a national shortage of air traffic controllers, officials are targeting a new talent pool: gamers.”

“The Federal Aviation Administration on Friday is making a recruiting push aimed at avid players of video games, as the agency strives to fill thousands of vacancies that lawmakers have said leave the traveling public less safe. In a new YouTube ad, the agency is using flashy graphics and the promise of six-figure salaries to convince video game enthusiasts to apply their trigger fingers in service of air safety.”

Who’s Happy Now?

April 10, 2026 at 6:00 am EDT By Taegan Goddard Leave a Comment

The latest episode of Trial Balloon is live.

Who is happy with the current state of the Iran War?

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Trump Calls His One-Time MAGA Allies ‘Losers’

April 9, 2026 at 6:15 pm EDT By Taegan Goddard Leave a Comment

President Trump called Tucker Carlson, Megyn Kelly, Candace Owens and Alex Jones — four conservative one-time allies of Trump who have been critical of his approach to the war in Iran — “losers” and “stupid people” in a nearly 500-word Truth Social post on Thursday, the Wall Street Journal reports.

He said they sought publicity and would “say anything necessary” to get it.

White House Staff Told to Stay Off Prediction Markets

April 9, 2026 at 6:13 pm EDT By Taegan Goddard Leave a Comment

“Just hours after President Trump announced a sudden pause of strikes against Iran last month, the White House warned staff against improperly leveraging their positions to place well-timed bets in futures markets,” the Wall Street Journal reports.

“The warning came in a staff-wide email from the White House Management Office on March 23… Earlier that morning, Trump had announced the pause via Truth Social. About 15 minutes before the sudden shift in policy, a mysterious flurry of activity kicked off in the futures markets.”

Iranians Fly Flags of Victory

April 9, 2026 at 6:10 pm EDT By Taegan Goddard Leave a Comment

“Shortly after President Donald Trump threatened to erase the “whole civilization” of Iran, all 6,000 years of it, the crowds came out into the streets of Tehran waving flags — and not white ones. They bore the green, white and red banners of the still-standing Islamic Republic,” the Washington Post reports.

“Some set fire to the star-spangled ones of the superpower that, according to state media, they had just ‘humiliated.’”

Strait of Hormuz Remains Closed

April 9, 2026 at 6:08 pm EDT By Taegan Goddard Leave a Comment

“President Trump on Thursday demanded Iran stop charging tolls for tankers to cross the Strait of Hormuz, as Iran’s supreme leader promised the country would control the crucial waterway,” Axios reports.

“The already shaky ceasefire between the two countries is getting more strained by the day, even as they prepare for peace talks in Islamabad on Saturday.”

CNN: Ships still aren’t going through the Strait of Hormuz.

CNBC: Trump says Iran “better stop now” if it’s charging oil tankers fees to go through Strait of Hormuz.

Trump Again Hits Out at NATO Over Iran War

April 9, 2026 at 6:06 pm EDT By Taegan Goddard Leave a Comment

“President Trump has hit out at NATO after a tense meeting with Mark Rutte, the secretary general of the military alliance, at the White House on Wednesday,” the New York Times reports.

“Mr. Rutte had traveled to Washington to try to assuage Mr. Trump’s anger that NATO members had refused to participate in the U.S.-Israeli war in Iran and help open up the Strait of Hormuz, a vital oil and gas shipping route. But Mr. Rutte conceded that it was not an easy meeting, calling it ‘very frank’ and ‘very open,’ despite clear disagreements.”

Politico: Trump vented at Rutte over NATO inaction on Iran during turbulent meeting.

Keir Starmer ‘Fed Up’ with Trump Impacting Energy Bills

April 9, 2026 at 4:48 pm EDT By Taegan Goddard Leave a Comment

British Prime Minister Keir Starmer said he is “fed up” seeing energy bills in the U.K. swing up and down because of actions taken by President Donald Trump and Russian President Vladimir Putin, CNBC reports.

DNC Rejects Resolution Condemning AIPAC

April 9, 2026 at 4:44 pm EDT By Taegan Goddard Leave a Comment

The Guardian: “The Democratic National Committee’s resolutions committee voted on Thursday to kill a measure targeting the pro-Israel lobby group AIPAC and deferred two further resolutions on Middle East policy to a working group that critics say exists mainly to avoid difficult decisions.”

Labor Secretary Faces Discrimination Complaints

April 9, 2026 at 4:18 pm EDT By Taegan Goddard Leave a Comment

At least three people have lodged formal workplace discrimination complaints against Labor Secretary Lori Chavez-DeRemer, alleging she created a toxic workplace and sought to retaliate against women who reported her husband for sexual misconduct in her office, MS NOW reports.

The Iran War’s Biggest Loser

April 9, 2026 at 3:34 pm EDT By Taegan Goddard Leave a Comment

Donald Trump has a way of turning extremes into contradictions.

One moment, he’s issuing apocalyptic threats about wiping out Iranian civilization.

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Melania Trump Denies Relationship with Jeffrey Epstein

April 9, 2026 at 2:51 pm EDT By Taegan Goddard Leave a Comment

First lady ​Melania Trump denied ‌ever having a relationship with disgraced financier Jeffrey Epstein and said ​the claims about it ​are defaming her, Reuters reports.

Said Trump: “The lies linking ⁠me with the disgraceful ​Jeffrey Epstein need to end today.”

She added: “I have never had any knowledge of Epstein’s abuse of his victims. I was never involved in any capacity. I was not a participant.”

Trump Says Iran’s Leaders Are ‘Reasonable’ in Private

April 9, 2026 at 2:36 pm EDT By Taegan Goddard Leave a Comment

President Trump told NBC News that he was “very optimistic” a peace deal with Iran was within reach as a diplomatic delegation led by Vice President JD Vance prepared to head to Pakistan for high-stakes talks aimed at ending the nearly six-week conflict.

He claimed Iran’s leaders “talk much differently when you’re at a meeting than they do to the press. They’re much more reasonable. They’re agreeing to all the things that they have to agree to. Remember, they’ve been conquered. They have no military.”

He added: “If they don’t make a deal, it’s going to be very painful.”

Trump Asked Israel to Scale Back Strikes in Lebanon

April 9, 2026 at 2:35 pm EDT By Taegan Goddard Leave a Comment

NBC News: “Trump asked Israeli Prime Minister Benjamin Netanyahu in a phone call yesterday to scale back Israel’s strikes in Lebanon to help ensure the success of the Iran negotiations.”

“While the Trump administration and Israel have both said Lebanon is not covered by the ceasefire, Israel agreed ‘to be a helpful partner.'”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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