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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, 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
  • Friday, 4 April, 2025
    Newsletter
    Is Trump going into nosedive? Premium content

    When his back is to the wall, he is at his most dangerous

  • Monday, 31 March, 2025
    Trump tariffs
    Tariffs and their discontents Premium content

    If it’s about ‘fairness’ rather than ‘inflation’, views shift

  • Friday, 28 March, 2025
    Artificial intelligence
    Do AI companies really care about safety? Premium content

    Or are they kidding us into thinking they are looking out for our interests?

    Logos of DeepSeek, Meta, OpenAI and Google
  • Monday, 24 March, 2025
    Global trade
    Will Trump make ships great again? Premium content

    Every day brings a new drumbeat of maritime risk

    US Coast Guard Icebreaker Healy on a research cruise in the Chukchi Sea of the Arctic Ocean
  • Friday, 21 March, 2025
    US politics & policy
    Donald Trump’s war on America’s universities Premium content

    The administration has chosen Columbia University as the site of the first battle in a much wider conflict

    People walk in and out of the Broadway entrance of Columbia University before a rally calling for the release of Palestinian student activist Mahmoud Khalil
  • Monday, 17 March, 2025
    Trump tariffs
    What’s Trump’s strategy beyond tariffs? Premium content

    A shoot from the hip approach is unlikely to rebuild US industry

    US President Donald Trump holds an executive order, flanked by commerce secretary Howard Lutnick, in the Oval Office
  • Friday, 14 March, 2025
    US immigration
    Je suis Khalil Premium content

    The fate of the detained Columbia University graduate is a test of how easily Trump can slide into lawlessness

    Demonstrators from the group, Jewish Voice for Peace, protest inside Trump Tower in support of Columbia graduate  Mahmoud Khalil
  • Monday, 10 March, 2025
    Global trade
    What will a tripolar world look like? Premium content

    It will not go down well for US markets or for relations with traditional allies

    President Donald Trump speaks before signing an executive order in the Oval Office
  • Monday, 3 March, 2025
    US politics & policy
    What next for Ukraine? Premium content

    Kyiv’s minerals deal with Washington is now on hold after Trump and Zelenskyy’s Oval Office clash

    Vice-president JD Vance speaks with Ukrainian President Volodymyr Zelenskyy in the Oval Office as President Donald Trump listens
  • Friday, 28 February, 2025
    UK politics
    Bringing fruits to Trump’s volcano: Starmer edition Premium content

    The British prime minister must also be ready to play hardball

  • Monday, 24 February, 2025
    Trump tariffs
    Is Europe about to soar? Premium content

    The future of the world might depend on its success

    A man walks through the underground connection between the German parliament ‘Reichstag’ building and the Paul Loebe House
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