- White House plans to allow 401(k) withdrawals for home down payments: The Trump administration is preparing a proposal that would let Americans tap their 401(k) retirement accounts without penalty to fund home down payments. The plan, expected to be unveiled at the World Economic Forum in Davos, could give first-time buyers a boost, though details are still being finalized.
- Kevin Hassett likely staying close to the White House, not the Fed: Despite speculation that Kevin Hassett could be headed for the Federal Reserve, signals from the president suggest Hassett will remain a trusted economic adviser inside the White House. While he was reportedly interested in the Fed chairmanship, his candid style may have ultimately kept him out of contention.
- Iranian protests crushed as regime escalates violence: Reports indicate the Iranian Revolutionary Guard has violently suppressed protests, with thousands allegedly killed. While the president has suggested executions were halted, protesters appear to have been gunned down instead, extinguishing hopes that outside pressure would materialize.
- New polling shows immigration is Trump's weakest issue: Voters increasingly believe immigration enforcement has become overly aggressive, particularly following the Renee Good shooting and deportations involving non-violent individuals. Independents and Hispanic voters want deportations prioritized toward criminals and gang members, while broader economic anxiety is now being tied directly to the GOP heading into the midterms.
Erick Erickson breaks down the four major stories you need to know before the day ends. From political power plays in Washington to breaking developments the mainstream media is ignoring, this rapid-fire update cuts through the noise.
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