Trump’s Portrayal of the War in Iran Collides With Reality

President Trump is confronting a crisis that is not bending to his narrative of a “pretty reasonable” new regime in Iran and all-but-assured victory for the United States.President Trump in Miami last week. Mr. Trump has declared a “regime change” accomplishment in Iran, even though analysts believe

A Anton Troianovski

Trump’s Scattershot Week, and a Stock Market Record

Plus, forget sneakers — Allbirds is going A.I.After President Trump threatened to wipe out Iran and attacked the pope, some former allies and advisers are questioning whether he has grown increasingly unbalanced.

T Tracy Mumford, Will Jarvis, Margaret Kadifa, Ian Stewart and Raja Abdulrahim

In the House, Republican Plans Go Awry Amid Party Divides

Fresh off a two-week break, lawmakers returned to turmoil in the House, where legislation to reopen the Department of Homeland Security is stalled and the G.O.P. is struggling to keep its agenda on track.Speaker Mike Johnson on the steps of the Capitol on Wednesday.

M Michael Gold

Yale Report Finds Colleges Deserve Blame for Higher Education’s Problems

A 10-member committee offered a brutal assessment of academia’s role in creating the forces challenging American colleges and universities.Yale has not been directly targeted in the Trump administration’s attacks on higher education, but its president commissioned a report to understand public mistr

A Alan Blinder

Xi Alludes to Trump’s Policies to Make a Case for Closer Ties to Vietnam

China used a visit by the Vietnamese leader to show a deepening of security ties that analysts say far outpaces U.S. defense ties in the region.China’s leader, Xi Jinping, welcomed President To Lam of Vietnam in Beijing on Wednesday. Mr. Xi said that defending Communist Party rule was a common strat

D David Pierson and Tung Ngo

Ahead of 2028, Vance Collects Cash, Chits and Contacts

The vice president is also the finance chair of the Republican National Committee, allowing him to court donors who could prove helpful should he run for president.Vice President JD Vance has raised over $60 million to help the Republican Party in the midterms, and simultaneously forged relationship

T Theodore Schleifer and Shane Goldmacher

Talarico Leads a Democratic Cash Surge: 7 Takeaways From 2026 Filings

Democrats in key Senate races out-raised their Republican rivals, but super PACs on the right are poised to play a powerful role in the midterms, new campaign finance filings showed.James Talarico, the Democratic nominee for Senate in Texas, raised $27 million in the first months of 2026, a remarkab

T Theodore Schleifer

NYC to Spend $4 Billion From Pension Funds on Affordable Homes

The money could jump-start affordable housing projects across the metropolitan region.The $4 billion would help pay for mixed-income projects, conversions of offices to apartments, renovations to aging buildings and new middle-income apartments built by union workers.

M Mihir Zaveri

The Pied-à-Terre Tax Has Failed Before. Could This Year Be Different?

Amid calls from the left to tax the rich, a tax proposal on multimillion-dollar second homes in New York City, backed by Gov. Kathy Hochul, seems to have better odds of passing than in years past.The proposed tax on second homes worth more than $5 million would yield “at least $500 million” in recur

G Grace Ashford and Jeffery C. Mays

Got $100 Million? Ukraine Has Just the Fertilizer Plant for You.

An effort to privatize the facility is a key test of whether Kyiv can overcome concerns about Russian attacks and corruption to attract foreign investment.The Odesa Portside Plant, one of Europe’s largest fertilizer producers and a crown jewel of Ukrainian industry dating back to Soviet times.

C Constant Méheut

Saudi Fund to Back Away From LIV Golf Under Mounting Financial Pressures

The Saudi league, established in 2022, attracted some of the sport’s biggest stars with huge contracts.Yasir al-Rumayyan, left, the head of Saudi Arabia’s sovereign wealth fund, presenting a trophy at the LIV Golf championship in Michigan in 2025.

L Lauren Hirsch, Vivian Nereim and Alan Blinder