Catherine Rampell and JVL break down Mark Carney’s rising popularity in Canada and the country’s growing push to strengthen ties with Europe as relations with the United States deteriorate. They discuss Canada’s potential relationship with the European Union, its shifting defense strategy, and what a more multipolar world could mean for the U.S.
Plus, Trump’s disastrous record on inflation, his pressure on the Federal Reserve, and the unusual strategy Kevin Warsh appears to be using to navigate Trump’s demands while trying to protect the Fed’s independence. Catherine and JVL also discuss the IRS withholding data on the tax gap, billions spent paying federal workers not to work, and what disappearing government data means for accountability.
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