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FT Swamp Notes

Twice weekly newsletter on the intersection of money and power in US politics

FT's senior US columnists Rana Foroohar and Edward Luce discuss the biggest themes driving US politics, business and markets from Washington, New York and beyond.

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  • Monday, 7 July, 2025
    Eurozone economy
    A chance for Europe to rise Premium content

    There is an opportunity for the continent as investors look to diversify away from the US dollar, but seizing it will be difficult

  • Friday, 4 July, 2025
    Donald Trump
    The US left’s glaring attention deficit Premium content

    America is heading in a lethal direction and nobody seems able to stop it

  • Monday, 30 June, 2025
    Supreme Court US
    A Supreme Court decision that strengthens presidential power Premium content

    Trump says last week’s ruling in the birthright citizenship case is a ‘monumental victory’ for his administration — he might be right

  • Friday, 27 June, 2025
    Zohran Mamdani
    Why Zohran Mamdani’s victory matters far beyond New York Premium content

    There are clear lessons for Democrats across the country

    Zohran Mamdani gestures as he speaks during a watch party for his primary election
  • Monday, 23 June, 2025
    Middle East war
    Trump vs Maga Premium content

    Steve Bannon and a large chunk of the president’s base oppose further attacks on Iran

    US President Donald Trump delivers an address to the nation alongside vice-president JD Vance, secretary of state Marco Rubio and secretary of defence Pete Hegseth
  • Friday, 20 June, 2025
    Russian politics
    Trump and Putin, episode 101 Premium content

    The US president resurfaced his belief the G7 should readmit Russia before his early exit from this week’s summit

    US President Donald Trump and Russian President Vladimir Putin reach to shake hands before a meeting in 2018
  • Monday, 16 June, 2025
    Donald Trump
    Will the courts rain on Trump’s parade? Premium content

    Judges, not protesters, have the best chance of reining in the US president’s authoritarian impulses

  • Friday, 13 June, 2025
    US politics & policy
    Farewell to a ‘nation of immigrants’? Premium content

    The Trump administration has empowered ICE to cast its net wider

    Stephen Miller, deputy White House chief of staff for policy, speaks to members of the media outside the White House
  • Monday, 9 June, 2025
    War in Ukraine
    The lesson for America from ‘Spiderweb’ and the drone wars

    Ukraine’s audacious strike this week should send a jolt through the Pentagon and other western military headquarters

  • Friday, 6 June, 2025
    Elon Musk
    Are Trump and Musk now enemies? Premium content

    The real cause of their falling out has little to do with the US fiscal deficit

    A montage of Elon Musk in a thoughtful pose with his hands, Donald Trump with his fist slightly raised, images of US dollar bills and the X logo
  • Monday, 2 June, 2025
    US politics & policy
    The post-neoliberal malaise Premium content

    Who will best react to the economic and geopolitical challenges facing the US?

  • Friday, 30 May, 2025
    King Charles III
    Trump is making the monarchy great again Premium content

    The US president has unwittingly turned King Charles into a symbol of Canadian sovereignty

    Canada’s head of state King Charles III delivers the opening speech for parliament in Ottawa on May 27 beside Prime Minister Mark Carney
  • Monday, 26 May, 2025
    Harvard University
    This is possibly Trump’s worst move yet Premium content

    The president’s fresh attack on Harvard is a disaster not just for the university but for America itself

  • Friday, 23 May, 2025
    Joe Biden
    America cannot afford to sweep Biden’s blunders under the carpet Premium content

    The Democratic party needs to accept its culpability

    On November 21 2024, then US President Joe Biden, alongside First Lady Jill Biden, speaks as they host a dinner to thank supporters on the South Lawn of the White House in Washington
  • Monday, 19 May, 2025
    Globalisation
    How will Trump’s trade deals reshape the world? Premium content

    Seismic forces have been unleashed that will transform the global economy

    Donald Trump points
  • Friday, 16 May, 2025
    Joseph Nye
    Farewell to Joseph Nye — and to US soft power too? Premium content

    As Trump withdraws aid from the neediest around the world, China is filling the vacuum

  • Monday, 12 May, 2025
    Trump tariffs
    Trump, trade and the special relationship Premium content

    The US president is trying to play Britain off against the EU

  • Friday, 9 May, 2025
    Zbigniew Brzezinski
    America’s past is prologue — even for Trump Premium content

    No president is immune to the tides of history

    Former US national security adviser Zbigniew Brzezinski in 2007
  • Monday, 5 May, 2025
    Trump tariffs
    Are we too pessimistic about America? Premium content

    There may be worries about tariffs and the rule of law but one cannot discount US resilience

    A US flag is seen as an Atlas V rocket of United Launch Alliance heads towards orbit after lifting off from Space Launch Complex 41 at the Kennedy Space Center in Cape Canaveral, Florida on April 28 2025
  • Friday, 2 May, 2025
    US politics & policy
    TDS is a real condition Premium content

    What does such sycophancy tell us about the state of US democracy?

    US President Donald Trump smiles during a Cabinet meeting at the White House
  • Monday, 28 April, 2025
    Newsletter
    Trump, tech and the transatlantic trade fight  Premium content

    Europe is moving away from a traditional view of antitrust policy to focus on platforms’ threat to democracy

    CEO of Meta Mark Zuckerberg, Lauren Sanchez, US businessman Jeff Bezos, CEO of Alphabet Inc and Google Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend Donald Trump’s inauguration ceremony
  • Friday, 25 April, 2025
    Pete Hegseth
    The nine lives of Pete Hegseth Premium content

    Despite the fiasco of ‘Signalgate’, Trump seems determined to keep the US defence secretary in place

    Pete Hegseth
  • Monday, 14 April, 2025
    US politics & policy
    Trump, Truss and the ‘moron premium’ Premium content

    The educational value of the former UK prime minister’s cautionary tale is timeless

    Former UK prime minister Liz Truss speaking at the Conservative Political Action Conference
  • Friday, 11 April, 2025
    Trump tariffs
    Democrats are taking the wrong lessons from Trump’s tariff chaos Premium content

    Going back to the 1990s is not going to fix what is broken globally

    A sign showing Trump’s Trade War behind Democratic senator Tim Kaine as he speaks to reporters following the weekly Democratic Senate policy luncheon
  • Monday, 7 April, 2025
    US politics & policy
    Are we finally seeing the fall of Elon Musk? Premium content

    Democrats have used Tesla to undermine the entrepreneur and to highlight oligarchs’ role in the Trump administration

    A man places a sign outside a Tesla dealership during a protest against Tesla and Elon Musk outside a Tesla dealership in Los Angeles
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