AI Data Centers and the Future of Local Economies

President Trump has a characteristically understated message for communities resisting AI data centers: Accept them or risk becoming “backwards and poor.” He says the facilities will bring jobs, prosperity, and lower taxes, while opposition will please China and kill America’s technological “Golden Goose.” Subtle it’s not. Still, beneath the presidential megaphone is a serious question.…

Trump’s Bulk-Power Emergency Order and the Security of the U.S. Grid

President Trump has declared a national emergency involving foreign-made equipment used in America’s bulk-power system. The executive order seeks to prevent certain equipment associated with foreign governments or entities from being purchased, imported, installed, or operated when federal officials determine that it presents an unacceptable security risk. Despite the more dramatic headlines, this isn’t a…

The Senate’s New Sanctions Push Against Russia and Iran

The Senate has taken a major step toward dramatically increasing economic pressure on Russia, the countries purchasing its energy, and Iran. In an 86–12 procedural vote, senators advanced the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, although the measure still requires additional votes before it can pass the Senate and move to…

Weighing Trump’s Federal Gas Tax Holiday Proposal

President Trump’s proposal to suspend the federal gas tax comes at a politically obvious moment. Gas prices have surged amid the Iran war, the Strait of Hormuz remains under Iranian pressure, and ordinary Americans are getting clobbered at the pump. Trump floated the idea after prices rose past $4.50 per gallon, while the federal gas…

When Oil Prices Rise, Do “We” Actually Make Money?

During a recent discussion about rising energy costs, President Trump offered a characteristically blunt assessment of the situation. The United States, he argued, is now the world’s largest oil producer, so when oil prices go up, “we make a lot of money.” On the surface, that sounds logical enough. If you sell something and the…

One Big Beautiful Bill or One Big Mess?

The One Big Beautiful Bill Act (OBBBA) has officially crossed the legislative finish line, signed into law yesterday by President Trump in what is already being called one of the most sweeping policy packages in modern American history. Clocking in at nearly 2,000 pages and covering everything from border security and energy independence to student…