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Even if Oil Prices Peak Soon, the Global Economy Will Slow

June 3, 2026 at 9:39 am EDT By Taegan Goddard Leave a Comment

New York Times: “The conflict in the Middle East, which is significantly disrupting the world’s supply of energy and other critical commodities like fertilizer, will slow economic growth this year and raise inflation through 2027, the Organization for Economic Cooperation and Development said on Wednesday.”

“The global economy’s growth will slow to 2.8 percent this year from 3.4 percent in 2025, before recovering to 3.1 percent next year, the organization said. Those projections assume energy prices have or will have peaked and then will gradually fall as energy production in the Persian Gulf recovers and air and shipping routes then become fully operational.”

Trump Says a Vance-Rubio Ticket Would Be ‘Unbeatable’

June 3, 2026 at 9:38 am EDT By Taegan Goddard Leave a Comment

President Trump said that Vice President JD Vance and U.S. Secretary of State Marco Rubio running together in 2028 would be “unbeatable,” The Guardian reports. 

Said Trump: “I would think that JD and Marco as a team would be very hard to beat.”

He added: “It’s interesting, human thing, the human equation. So I watch them together, they get along great.”

Republicans Urge Donald Trump to Stay Focused

June 3, 2026 at 9:35 am EDT By Taegan Goddard Leave a Comment

“Donald Trump is increasingly unrestrained. Republicans in Congress are increasingly unimpressed,” Bloomberg reports. 

“The two approaches, on vivid display over the past month, suggest their symbiotic yet often lopsided relationship is fraying under election year pressure.”

“And while the president brushes off midterm concerns, GOP lawmakers have a lot to lose in November. Their pushback the past few weeks suggests they’re fed up with being an afterthought.”

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Trump Blames Court for Abandoned ‘Weaponization’ Fund

June 3, 2026 at 9:34 am EDT By Taegan Goddard Leave a Comment

“President Donald Trump said his administration was dropping plans for a $1.8 billion fund to pay victims of alleged government ‘weaponization’ only because a federal court temporarily blocked the move, which had become a political lightning rod,” Bloomberg reports. 

Trump Suggests He’ll Make Todd Blanche ​Permanent

June 3, 2026 at 9:33 am EDT By Taegan Goddard Leave a Comment

“⁠Donald ​Trump said ‌he believed ‌he ⁠would make ⁠acting attorney general ​Todd Blanche ​permanent as the ⁠top US ⁠law ⁠enforcement officer,” The Guardian reports. 

Trump Has Given Up

June 3, 2026 at 8:05 am EDT By Taegan Goddard Leave a Comment

Paul Krugman: “Donald Trump will never admit that his gratuitous Iran war has been a total disaster. But the debacle has clearly broken him. So we are now saddled with a president who has given up governing, but will maintain his grip on power wherever he can. And his power will be exclusively focused on rage and revenge…”

“Trump appears to have given up on governing — even governing aimed at consolidating his own power and legacy. He wants to punish everyone he imagines has wronged him but has lost all interest in making the government work, even for nefarious purposes.”

Trump Claims Iran Agreed to Have No Nuclear Weapons

June 3, 2026 at 6:58 am EDT By Taegan Goddard Leave a Comment

President Trump said Iran has “already agreed” it will not have a nuclear weapon, CNBC reports.

Said Trump: “I mean, now they can change their mind, but that was one of the things they’ve had to agree, they’ve agreed to that. That was the big thing.”

Trump’s Intel Pick Endangers Spy Powers Bill

June 3, 2026 at 6:55 am EDT By Taegan Goddard Leave a Comment

“President Donald Trump’s pick of a political ally as acting director of national intelligence could jeopardize the passage of a key government spy powers renewal just as lawmakers were closing in on a deal,” Politico reports.

“Trump’s choice of Bill Pulte Tuesday evoked the outrage of Democrats and skepticism of some Republicans on Capitol Hill. Pulte has no intelligence background and has used his current perch as a housing finance regulator to push for investigations into Trump’s perceived political enemies.”

Thune Hits Breaking Point with Trump

June 3, 2026 at 6:45 am EDT By Taegan Goddard Leave a Comment

“The shift the past few weeks has been subtle but unmistakable: John Thune sounds like a man who’s had it with President Trump,” Axios reports.

“In a departure from the past 18 months, the Senate majority leader has publicly broken with the president on a string of recent controversies.”

“It’s a sign that Trump’s sway with congressional Republicans is waning as he approaches the back half of his term.”

Democrats Go Safe in Swing Seats, Hard Left In Blue Ones

June 3, 2026 at 6:43 am EDT By Taegan Goddard Leave a Comment

“Democrats didn’t take many chances in critical November battlegrounds on Tuesday,” Politico reports.

“Voters played it safe in picking establishment-backed Josh Turek to take on GOP Rep. Ashley Hinson for an open Senate seat in Iowa and putting up moderate military veteran Rebecca Bennett against Republican Rep. Tom Kean Jr. in one of the most competitive House districts in the country.”

“The results were more mixed in bluer territory. In Los Angeles, embattled Mayor Karen Bass advanced to a runoff early Wednesday morning. But in New Jersey, progressive Adam Hamawy, a U.S. Army veteran with a complicated personal history who has been sharply critical of Israel’s war in Gaza, emerged from a 12-candidate primary to succeed progressive retiring Rep. Bonnie Watson Coleman in a safe district.”

“It’s a split screen that shows Democrats are attempting to reconcile their desire for electability in tough races with the demands of a base that has shifted to the left on Israel and other key issues.”

Trump’s Endorsement Falls Flat in Iowa

June 3, 2026 at 6:36 am EDT By Taegan Goddard Leave a Comment

“Republican voters in Iowa dealt a shock defeat to President Trump on Tuesday, narrowly rejecting his chosen candidate for governor in favor of another conservative contender who ran as a political outsider,” the New York Times reports.

“The primary loss for Representative Randy Feenstra, whom the president endorsed on Friday afternoon, came at a time of mixed signals of Mr. Trump’s power over the Republican Party. He has won a series of dominant primary victories over Republican opponents, but has faced rising pushback from his party in Congress.”

Messy Primaries in California

June 3, 2026 at 6:33 am EDT By Taegan Goddard Leave a Comment

“Californians wrapped voting in their state’s primary elections Tuesday, but results for the messy gubernatorial and the Los Angeles mayor’s race could take a while to be finalized,” the Wall Street Journal reports.

“A drawn-out count would be a fitting end to two unpredictable primaries that have featured scandals and unconventional candidates.”

New York Times: “California has been using the top-two primary system for 15 years, but it has never caused as much consternation as it did this election.”

“Democratic fears that two Republicans could sweep the governor’s race — in one of the nation’s bluest states — triggered a new effort to repeal the system this spring.”

CNN: “Many of the results from California will take a while to learn, given the state’s late poll-closing time and slow vote-counting.”

Trump Aims New Tariffs at 59 Countries

June 3, 2026 at 6:19 am EDT By Taegan Goddard Leave a Comment

“President Trump has proposed tariffs of at least 10 percent tariffs on 60 American trading partners, its most aggressive effort yet to enact new import duties after the Supreme Court struck down his sweeping tariffs,” the New York Times reports.

“Jamieson Greer, the U.S. trade representative, said on Tuesday night that investigations found that the 59 countries, along with the 27-nation European Union, had failed to enact or effectively enforce laws prohibiting imports made with forced labor.”

Trump Library Says No Twitter Messages Found

June 3, 2026 at 6:13 am EDT By Taegan Goddard Leave a Comment

“The newly operational Trump Presidential Library, the entity responsible for preserving records from the White House, says that it cannot find a single Twitter direct message sent by a president who tweeted more than 25,000 times during his first administration,” the Washington Post reports.

CBS Fires Scott Pelley

June 2, 2026 at 9:47 pm EDT By Taegan Goddard Leave a Comment

“CBS News fired veteran ‘60 Minutes’ correspondent Scott Pelley on Tuesday, hours after a contentious meeting with management in response to his criticism of the newsmagazine’s new leadership,” CNN reports.

Supreme Court Allows New Alabama Map

June 2, 2026 at 9:45 pm EDT By Taegan Goddard Leave a Comment

“The Supreme Court on Tuesday cleared the way for Alabama Republicans to remove the state’s second majority-Black congressional district for the midterms, handing the party a pickup opportunity in an apparent 6-3 vote,” The Hill reports.

Iran Targets Neighbors as U.S. Condemns Strikes

June 2, 2026 at 9:38 pm EDT By Taegan Goddard Leave a Comment

“The U.S. military and Iran both reported a flurry of new strikes on Tuesday, as Trump administration officials painted a murky picture of where diplomatic efforts stood to end the war,” the New York Times reports.

“U.S. Centcom reported that Iran had launched missiles and drone strikes on two regional neighbors, Kuwait and Bahrain, and on civilian mariners transiting nearby waters.”

George Santos Under Investigation for Insider Trading

June 2, 2026 at 9:15 pm EDT By Taegan Goddard Leave a Comment

Former Rep. George Santos (R-NY), who went to prison last year on federal fraud charges after being ousted from Congress, is now under scrutiny for his trading on prediction markets, CNN reports.

The prediction site Kalshi identified suspicious activity in a market about whether the former Republican lawmaker would attend the State of the Union address this year

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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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