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Trump, Hegseth clashed at Camp David over Iran missile depletion concerns The Washington PostEXCLUSIVE: US has used 'virtually all' of its long-range precision missiles during Iran war, sources say ReutersPentagon holds crisis meeting on weapons shortfall after angry Trump call, sources say NBC News
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Stock Market Today: Dow Rally Continues; SpaceX Slides After Earnings — Live Updates WSJS&P 500 is flat as 4-day rally loses momentum; Dow boosted by Nvidia: Live updates: Live updates cnbc.comStrong Earnings Power Dow to Another Record WSJStock market today: Dow, S&P 500 climb as Trump says Hormuz deal is close, Nasdaq gives up gains Yahoo Finance
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Live Updates: Trump says Strait of Hormuz deal could happen soon amid Iran-Oman talks CBS NewsAn agreement on the Strait of Hormuz is taking shape - but not one Trump wants CNNProposed Hormuz deal would give Iran control of inbound traffic, sources say ReutersIran Says It Is Nearing Final Agreement With Oman on Strait of Hormuz The New York TimesTrump says Strait of Hormuz deal could come Wednesday as gas prices stay high Fox News
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THEY have been at this a long time. In 1994 Republicans, newly in charge of Congress, held hearings on what would come to be called 'dynamic scoring'. Bills, they said, should be evaluated using the predictive power of macroeconomic models. If the model predicts more GDP growth, then it could be inferred that the growth would produce more tax revenue. During the hearings, however, came an awkward moment. Alan Greenspan, then in charge of the Federal Reserve, told Congress that macroeconomic models were 'deficient'. That is, their predictive power, though interesting, was not good enough to rely on. Last year, after the election of Donald Trump, your blogger contacted Mr Greenspan to see whether the models were good enough yet. Mr Greenspan, his office responded, had not yet changed his opinion.Neither have Republicans. Over the past two decades, in and out of control of Congress, the party has nudged dynamic scoring successively closer to the official policy process until we arrived, yesterday evening, at as dramatic a moment as macroeconomic analysis ever gets. The Joint Committee on Taxation, the nonpartisan Congressional body responsible for evaluating tax proposals, hurried its study (PDF) out on a Thursday afternoon as the Senate was preparing to approve a tax cut. That cut, ...
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