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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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  • Friday, 20 December, 2024
    US foreign policy
    Are ‘national security Republicans’ prepping for a Trump-sized fight? Premium content

    Mitch McConnell has broken cover. Will others soon follow?

    Then-President Donald Trump listened to Senate Majority Leader Mitch McConnell speak about legislation for  coronavirus aid in July 2020
  • Monday, 16 December, 2024
    US & Canadian companies
    Trump may not spare Big Tech after all Premium content

    It’s likely some companies are in for a bumpy ride despite Elon Musk’s influence in the White House

    Donald Trump, Elon Musk and JD Vance attending a football game
  • Friday, 13 December, 2024
    Newsletter
    What death of UnitedHealthcare’s CEO tells us about America Premium content

    The US is a powder-keg of emotion

    Police place bullet casing markers outside of a Hilton Hotel in Midtown Manhattan where United Healthcare CEO Brian Thompson was fatally shot
  • Monday, 9 December, 2024
    Newsletter
    What will come of the European project in a Trump presidency? Premium content

    It’s an eerie moment on the continent

    A skiier takes a photo as storm clouds gather in the Italian alps
  • Friday, 6 December, 2024
    US politics & policy
    Always follow the money with Trump Premium content

    Postmodern fascism may well be in our future but a new oligarchy is taking shape beneath our noses

    Donald Trump speaks during a press conference at his Mar-a-Lago estate
  • Monday, 25 November, 2024
    Newsletter
    Elon Musk’s vision for a libertarian utopia Premium content

    The Tesla chief and Donald Trump are setting up a global game of divide and conquer to avoid any kind of restraint

    Donald Trump and Elon Musk watch the  launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas
  • Friday, 22 November, 2024
    US politics & policy
    Will Musk and Trump fall out? Premium content

    The X owner may be flying too close to the sun

    President-elect Donald Trump greets Elon Musk as he arrives to attend a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19
  • Monday, 18 November, 2024
    Newsletter
    Should tech giants be treated like nation states? Premium content

    A UK minister said governments should show a ‘sense of humility’ when dealing with Big Tech

  • Friday, 15 November, 2024
    Climate change
    Trump’s climate fix: colonise Mars Premium content

    America believes it has made more than enough sacrifice on fossil fuels

    SpaceX’s Starship rocket launches from Starbase during its second test flight in Boca Chica, Texas, on November 18, 2023. SpaceX on November 18, 2023, carried out the second test launch of Starship, the largest rocket ever built that Elon Musk hopes will one day colonize Mars
  • Monday, 11 November, 2024
    US politics & policy
    Why Kamala Harris lost Premium content

    Her faux pas on trade and tariffs made her look as if she came from the usual neoliberal camp that sold out the working class

    Donald Trump and Kamala Harris shake hands as they attend a presidential debate in Philadelphia, Pennsylvania on September 10 2024
  • Friday, 8 November, 2024
    US presidential election 2024
    Time to close America’s bureau of wishful thinking Premium content

    Trump will not be stopped by legal niceties or moral outrage

  • Monday, 4 November, 2024
    US politics & policy
    Higher for longer no matter who’s in charge Premium content

    The reasons we aren’t going back to a cheap money environment are structural

    The Federal Reserve building is seen in Washington
  • Friday, 1 November, 2024
    US presidential election 2024
    Is Biden’s legacy dependent on a Trump defeat? Premium content

    For a one-term president, the incumbent has a substantial record — which could easily be unwound

    President Joe Biden signs the Inflation Reduction Act
  • Monday, 28 October, 2024
    US politics & policy
    Shrinks against Donald Trump Premium content

    US mental health professionals take out full-page ad to warn that former president ‘is an existential threat to democracy’

    Former US president Donald Trump opens his arms wide as he speaks at a campaign rally at the Greensboro Coliseum
  • Friday, 25 October, 2024
    Newsletter
    Larry Fink is so wrong about 2024 Premium content

    Donald Trump has radically market-relevant plans in his sights

    BlackRock chief executive Larry Fink
  • Monday, 21 October, 2024
    US politics & policy
    Three lessons from the US port crisis Premium content

    There’s a massive gap between the profits of the big global shipping groups relative to port workers’ wages

    Cargo cranes at the Dundalk Marine Terminal at the Port of Baltimore in Baltimore, Maryland
  • Friday, 18 October, 2024
    US politics & policy
    America must relearn diplomacy — the Eizenstat way Premium content

    The US is losing the art of serious statecraft

    Stuart Eizenstat, deputy secretary of state, meets reporters at the state department on June 2, 1998, to discuss a government report on Nazi gold in World War II
  • Monday, 14 October, 2024
    US presidential election 2024
    How Harris and Trump court Latino voters Premium content

    Succeeding politically with this demographic is crucial to winning the election

    A sign in Spanish that reads “Su voto es su voz”
  • Monday, 7 October, 2024
    Newsletter
    US campuses and the October 7 anniversary Premium content

    Students at the University of Michigan could make the difference on election day in a razor-close swing state

    Pro-Palestinian protesters
  • Friday, 4 October, 2024
    US foreign policy
    War, peace and the American presidency Premium content

    The Middle East has claimed as many US presidential campaigns as it has given birth to

    Projectiles above the Israeli city of Ashdod on October 1, 2024
  • Monday, 30 September, 2024
    US politics & policy
    What swing states want Premium content

    Kamala Harris is betting a somewhat vague, yet pragmatic approach on the economic front will work where it matters

    Kamala Harris speaks at an event in Pittsburgh
  • Friday, 27 September, 2024
    US politics & policy
    What we should learn from Jimmy Carter Premium content

    Lessons from the best ex-president as he approaches his centenary

  • Monday, 23 September, 2024
    US presidential election 2024
    Dear Kamala: a letter from Pennsylvania Premium content

    You can’t have reconciliation without truth

    Kamala Harris
  • Friday, 20 September, 2024
    Newsletter
    The Middle East threat to Kamala Harris Premium content

    Should Israel and Hizbollah get into a full-blown war, the turmoil could rapidly change the US political weather

  • Monday, 16 September, 2024
    Macroeconomics
    Why Harris is still at risk in swing states Premium content

    The vice-president is not saying enough about re-industrialisation and protecting factory jobs

    Democratic presidential nominee vice- president Kamala Harris speaks during a campaign event in North Carolina on Thursday, September 12
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