The Latest On The Redistricting Battles

The reaction to Joe Kent’s principled, patriotic resignation from the Office of National Intelligence—and the numerous MAGA obituaries that appeared shortly thereafter—seem to share in common the idea that Donald Trump’s decision to go to war on behalf of Israel is both (a) surprising and (b) will cause a fissure within the Republican Party from […]

Private Credit Bank Run Begins: Blue Owl Gates After Shocking 41% Of OTIC Investors Ask For Their Money A week ago, in an attempt to calm the market, Goldman's economists published a lengthy, if at times disjointed, report discussing why a crisis in private credit would not lead to another financial crisis. We are about to find out if they were right.  Recall that in mid-March, while attention was understandably focused on the Iran war, we explained why Blue Owl's February decision to commence liquidations of loans in its three core private...

Trump Fires Pam Bondi As Attorney General, Blanche To Be Acting AG Update (1315ET): President Donald Trump has ousted Attorney General Pam Bondi, multiple outlets report. Deputy Attorney General Todd Blanche is serving as acting AG in the interim. The move comes amid White House frustration with Bondi’s leadership at the Justice Department -  particularly her handling of the Jeffrey Epstein files and what Trump viewed as insufficient aggression in targeting his political opponents. Trump had privately discussed firing her and floated EPA Administrator Lee Zeldin (or Blanche) as a possible replacement. Bondi...