Edward Lawrence

The administration is expecting a $2.1 trillion deficit for the 2026 fiscal year.

$2.1 trillion.

Edward Lawrence at the White House.

Okay, Edward, what does that mean for the national debt?

Why the dive for Whirlpool down 60?

It is.

And of course, it's been tough for our administration as well.

This is an administration, the first Trump term and the second Trump term, all about lowering energy prices and an incredibly successful record in doing that.

So when President Trump looked at the tradeoffs of going into Iran right now,

He knew his sort of beautiful record of just constantly pushing down energy prices, gasoline headline prices as well.

But Iran has roughly 1,000 pounds of uranium enriched to 60%, massively higher than you ever need for any commercial power production.

It's actually quite close to weapons-grade uranium.

So they just get to this threshold where they're not far away from nuclear bombs.

President Trump was absolutely unwilling to hand the next administration a nuclear arm.

More than triple, almost quadruple what the economists thought this would be.

In fact, it's beating the high end of the expectations for where jobs were.

Now, when you look inside the numbers, there's some positive things that are in there, like when you look at average hourly wages.

Wages increased 3.5 percent over the past 12 months.

This outpaces inflation, and that means that as prices rise, American wages rise faster, which is not something that happened under the last administration policy.

We also saw a turnaround here.