The markets see another tariff reprieve, as the president orders his cabinet to examine America's trading relationships and recommend ways to balance them. But is trying to micromanage 13,000 tariff line-items, across 200 countries, a good way to help the economy and government efficiency? Plus, Elon Musk appears in the Oval Office to explain what DOGE is doing.

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Donald Trump wants to negotiate peace between Ukraine and Russia, but will Volodomyr Zelensky have a say in any negotiations with Vladimir Putin? And what kind of security guarantees will Ukraine have?

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Donald Trump signs an order imposing broad 25% tariffs on steel and aluminum imports, upending U.S. supply chains, as NFIB's index of small-business uncertainty hits its third-highest figure on record. Meantime, the Labor Department reports that inflation is heating up again, with the consumer-price index rising 3% over the 12 months ending in January, as Federal Reserve Chairman Jerome Powell testifies on Capitol Hill about how these crosscurrents might affect monetary policy.

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Donald Trump’s executive actions have been dominating Washington news, yet the fate of his agenda rests in his historically slim majority in the U.S. House. That House GOP is finally focusing on a budget bill to provide Trump border and defense dollars, and extend the 2017 tax cuts. But will a famously fractious Republican House conference once again fail to come together? 

On this episode of All Things, House Republican Policy Chair Kevin Hern gives the latest on the budget reconciliation fight, breaks down the GOP's tax- and spending-cut priorities, explains where DOGE fits in, and discusses the new Democratic threat of a government shutdown. He also dives into one of his own priorities--explaining where the federal government can aid in the state school-choice revolution.  

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CBS raised eyebrows last fall when two of its shows aired Kamala Harris giving different answers to the same question during a "60 Minutes" interview. Donald Trump is suing the network, claiming $20 billion in damages, while the FCC takes comments on a public complaint of “news distortion." But what does the full CBS tape reveal, and does it even make sense for the FCC to regulate broadcast news, in an era of endless unregulated cable TV, podcasts, and internet streaming?

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Americans are giving Donald Trump approval rating highs due to his brisk executive actions, but could Democrats use rising prices and new tariffs against him? Plus, many of Donald Trump’s cabinet picks will face votes this week, with Tulsi Gabbard and RFK Jr. looking to continue the Trump administration's successful confirmation streak. 

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Donald Trump orders the Treasury to draw up a plan for a sovereign wealth fund, which would let the government make investments, including in private companies. What could go wrong? Plus, the White House and Elon Musk's Department of Government Efficiency effort are being sued over federal buyouts, USAID, access to payment systems, and a firing at the NLRB.

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Donald Trump makes an offer for the United States to “own” the Gaza Strip and rebuild it, while Palestinians would relocate to countries like Egypt and Jordan. Is he sending a message to Hamas, or is this another element of Donald Trump’s unusual approach to foreign policy? 

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The U.S. Agency for International Development, which funds everything from polio eradication in Indonesia to DEI projects in Serbia, has closed its headquarters and told its staff they're going on administrative leave. Is this an America First end to foreign aid, or merely a restructuring, as Secretary of State Marco Rubio suggests? And can President Trump do this without Congress?

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Paul Gigot sits down with the Wall Street Journal Opinion’s Daniel Henninger, who recently published his final ‘Wonder Land’ column. The two discuss how covering news and culture has changed over time, the polarizing nature of today’s media from all political sides, and what Henninger hoped readers would draw from his weekly column.   

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