There is a ton of focus on Trump’s White House, which is why we are getting a lot of good policies. However, there is less focus on Trump’s interaction with Congress and primary endorsements. Hence, we get a lot less. Today, I raise some concerns about progress on immigration enforcement and spending cuts. While Trump has signaled a good direction on a lot of policies, many of them are not resulting in full outcomes — either because of the courts or a lack of follow-through. I explain what needs to be done on immigration to get the deportation numbers up and what Trump must do on budget reconciliation. Also, inflation is getting worse, and now we have fewer buyers of U.S. treasuries. 

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