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FT Swamp Notes

Twice weekly newsletter on the intersection of money and power in US politics

FT's senior US columnists Rana Foroohar and Edward Luce discuss the biggest themes driving US politics, business and markets from Washington, New York and beyond.

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  • Friday, 24 October, 2025
    US foreign policy
    Why Latin America looms so large for Trump

    His chief ambition for the region is as a supporting role to his domestic narrative

    Premium content
    US secretary of state Marco Rubio speaks with a raised finger as President Donald Trump listens during a cabinet meeting.
  • Monday, 20 October, 2025
    US politics & policy
    The not-so-hard left

    New York City could be a test case for the new populist left — and whether it can compete with Maga

    Premium content
    Zohran Mamdani smiles while walking with supporters holding campaign signs before the first New York City mayoral debate.
  • Friday, 17 October, 2025
    US politics & policy
    America’s No Kings quandary

    Protests are set to rally huge numbers, but it is not clear that by themselves they can shift the needle

    Premium content
    A large crowd of demonstrators hold signs with messages such as ‘Defend the people defy the dictator’ and ‘Make fascists afraid again’ at the ‘No Kings’ protest.
  • Monday, 13 October, 2025
    Arctic
    Icebreaker diplomacy, part II

    A new ‘Great Game’ is brewing in the Arctic

    Premium content
  • Friday, 10 October, 2025
    Javier Milei
    Argentina’s chainsaw massacre

    As Javier Milei’s libertarian experiment founders, he is turning to Donald Trump for help

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    Javier Milei gestures with both hands raised and fingers pointing at himself during his book presentation event.
  • Monday, 6 October, 2025
    US politics & policy
    Healthcare, inflation and the government shutdown

    Insurance premiums in the US are set to go sky high next year

    Premium content
  • Friday, 3 October, 2025
    Democratic Party US
    Democrats can’t win the shutdown

    They are acting as if compromise with the Trump administration is possible

    Premium content
    Hakeem Jeffries gestures while speaking at a podium during a news conference, with US House and American flags behind him.
  • Monday, 29 September, 2025
    US politics & policy
    Trump’s H-1B ju-jitsu

    The US president is trying to work both sides of his political coalition with the move on visas for skilled workers

    Premium content
  • Friday, 26 September, 2025
    Kamala Harris
    Kamala Harris’s unfortunate catharsis

    The former vice-president’s memoir contains lessons for the Democrats that the party seems incapable of heeding

    Premium content
    Kamala Harris gestures with her right hand and speaks emphatically at a campaign rally, standing behind microphones.
  • Monday, 22 September, 2025
    US-China relations
    Trump’s U-turn on China

    There has been a discernible shift in how this administration is dealing with Beijing

    Premium content
  • Friday, 19 September, 2025
    Social Media
    The social media cancer on democracy

    We have been naive about the internet, but we can still rein in the power of Big Tech

    Premium content
  • Monday, 15 September, 2025
    US politics & policy
    Icebreaker diplomacy and the future of industrial policy

    The US faces serious questions about the relationship between defence procurement, national security and re-industrialisation

    Premium content
  • Friday, 12 September, 2025
    US foreign policy
    ‘Greater Israel’ will be Trump’s headache

    The US president’s instinct to back Netanyahu sits uneasily with his allergy to foreign entanglements

    Premium content
    Donald Trump and Benjamin Netanyahu stand side by side, both wearing dark suits and red ties
  • Monday, 8 September, 2025
    Federal Reserve
    Donald Trump, Lisa Cook and the perils of politicising the Fed

    Investors will be worried if the US president succeeds in hobbling the central bank

    Premium content
    Lisa Cook
  • Friday, 5 September, 2025
    US economy
    American capitalism: inspired by China?

    How are we to understand Trump’s meddling in the US economy?

    Premium content
    The illuminated Intel logo is displayed outside the entrance of a modern office building.
  • Friday, 29 August, 2025
    US politics & policy
    Will the Supreme Court stand up to Trump?

    The top court may be the only thing standing between the US president and total control of the government’s levers of power

    Premium content
    A crowd of birthright citizenship supporters holds protest signs outside the US Supreme Court as justices hear a Trump administration challenge.
  • Monday, 25 August, 2025
    US politics & policy
    Is John Bolton right?

    Donald Trump’s ex-national security adviser was adamant that the American way would survive the president’s second term

    Premium content
    John Bolton waves while standing outside, surrounded by greenery, wearing a suit and patterned tie.
  • Friday, 22 August, 2025
    Trump tariffs
    Will Trump avoid a Republican backlash over his tariff plans?

    The US president cannot prevent the pain of his protectionist agenda indefinitely — and midterm elections are looming

    Premium content
    US President Donald Trump applauded by Senate Republicans in Washington DC.
  • Monday, 18 August, 2025
    US politics & policy
    Donald Trump says DC is a ‘horror show’. How should Democrats respond?

    Simply denying the president, who rose to prominence in New York’s 1970s crime wave, is not effective politics

    Premium content
    Members of the National Guard patrol the National Mall after US President Donald Trump federalised the Metropolitan Police Department
  • Friday, 15 August, 2025
    US-China relations
    China’s vision of America

    A book published more than 30 years ago by a close confidant of Xi Jinping now looks uncannily prescient

    Premium content
    Politburo Standing Committee member Wang Huning
  • Monday, 11 August, 2025
    US politics & policy
    You say ‘redistricting’, I say ‘gerrymandering’ — let’s call the whole thing off

    Democrats face some uncomfortable choices in the face of the GOP’s cartographical shock and awe

    Premium content
  • Friday, 8 August, 2025
    Jerome H. Powell
    The Trump-Powell endgame

    Fed chair has been in the president’s sights for some time now

    Premium content
  • Monday, 4 August, 2025
    Demographics and population
    What Gen Z is telling us

    Members of this cohort feel their economic horizons are shrinking — and that’s going to have a political impact

    Premium content
  • Friday, 1 August, 2025
    Israel-Hamas war
    The west’s complicity in Gaza

    Trump’s acknowledgment of starvation could mark a belated turning point in his relationship with Netanyahu

    Premium content
    Palestinians carry aid supplies which they received from the US-backed Gaza Humanitarian Foundation, in the central Gaza Strip, on July 31
  • Monday, 28 July, 2025
    Jeffrey Epstein
    Why Jeffrey Epstein matters economically

    The late disgraced financier’s associates were among those who benefited most from the neoliberal policies of the past 40 years

    Premium content
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