Swamp Notes

Iran and the US more or less came to the table earlier this week. But the agreed ceasefire is already starting to show cracks. For the final episode of Swamp Notes, the FT’s Washington bureau chief explains why both sides decided to pause the fighting, and what this conflict has revealed about Donald Trump’s foreign policy.Mentioned in this podcast:The Middle East ceasefire deal is fraying. What’s next for Trump?Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and Sonja Hutson. It’s produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: NBC News, CNN, Al Jazeera EnglishRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A year ago this week, US President Donald Trump rocked the world with his so-called liberation day announcement. America’s tariff regime affected all aspects of life from the global economy to the day-to-day of average business owners. As part of a special FT News Briefing series, the FT’s US economics editor Claire Jones explains what changed, and what didn’t, because of those tariffs. Mentioned in this podcast:Listen to the rest of the FT News Briefing’s Liberation Day series Sign up for the FT’s Swamp Notes newsletter Swamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Kelly Garry. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

It’s hard to square US President Donald Trump’s circle. Earlier this week, he said his administration was speaking with Iranian officials. Stocks shot up, oil crashed. Then, Iran denied that talks were ongoing and the US ordered more troops to the Gulf. The FT’s foreign affairs correspondent Abigail Hauslohner and markets columnist Katie Martin explain the role markets play in why Trump’s messaging doesn’t align with his actions.Mentioned in this podcast:Iran’s military leaders dismiss Donald Trump’s deal claimsMarkets were not made for Trump’s never-ending ping-pongSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Kent Militzer. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: NBC News, CBS NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

When it comes to data centres, the Trump administration has been urging AI companies to “build, baby, build”. But the White House’s agenda is facing resistance from an unlikely place: the very states that won Donald Trump the presidency.The FT’s Joe Miller went on a road trip to Missouri to talk to some AI sceptics. Mentioned in this podcast:Donald Trump’s AI push fuels revolt in Maga heartlandsSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino, and produced by Henry Larson and Sonja Hutson. This week’s show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US housing market is in a crunch. It’s more unaffordable than ever before to buy a home, and the average age for first-time buyers across the country is now 40, according to the National Association of Realtors. Not only is that making it harder for people to own property, it’s also putting pressure on the rental market. Host Sonja Hutson travels to Bethlehem, Pennsylvania to get a better picture of how we got here, and how residents are dealing with the high cost of shelter.Mentioned in this podcast:‘We need that help’: US cities struggle with housing affordability crisisThe Bethlehem Project is hosted and produced by Sonja Hutson and edited by Marc Filippino. Fact checking by Henry Larson. The show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s global head of audio. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Introducing Opus Dei, a new season of Untold from the Financial Times. Host Antonia Cundy uncovers the cultural and political influence of a controversial Catholic organisation in America. Opus Dei exists to help people get closer to God, but some members say they found other agendas – and unexpected harm – entangled in that spiritual mission. The first episode of Untold: Opus Dei launches March 25. Listen on Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts. Hosted on Acast. See acast.com/privacy for more information.

The US and Israeli war with Iran has expanded across the Gulf. Iran has effectively shuttered the Strait of Hormuz, sending the prices of oil and liquefied natural gas way up. The economic realities of the conflict could pose a problem for President Donald Trump, who was elected in part because of his promise to make life more affordable for Americans. The FT’s Myles McCormick and Sam Fleming explain what consequences the war against Iran will have for the global economy.Mentioned in this podcast: Donald Trump’s Iran war tests US voters’ patience as petrol prices riseWhich leading economies will pay the biggest price for the Iran war?Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: Reuters, Associated Press, CNBC, CNNRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump started a war with Iran last week. The American and Israeli bombing campaign has killed more than a thousand people, according to Iranian state media. Iran’s retaliatory strikes threaten to cut off all energy exports in the coming days.The FT’s US national editor Edward Luce and US foreign affairs correspondent Abigail Hauslohner explain how that war is changing Washington and America’s allies.  Mentioned in this podcast:Donald Trump has no ‘phase two’ plan for Iran war, says US senatorDonald Trump’s dangerous ‘war of whim’US holds talks with Iranian Kurdish militants over anti-regime operationsSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: CBC, US Central Command on XRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

On Tuesday, US President Donald Trump gave what is likely to be his most viewed remarks of the year. He spent little time on his most controversial decisions, instead focusing on economic issues and immigration that have appealed to voters in the past. But, at a point when Trump’s approval ratings are dropping, what does his speech mean for the looming midterm elections? The FT’s deputy Washington bureau chief Lauren Fedor and Jon McHenry, vice-president of the polling firm North Star Opinion Research, explain.Mentioned in this podcast:State of the Union as it happenedSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Henry Larson. This week’s show was mixed by Kelly Garry. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: Roll CallRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Food and Drug Administration last week said it would not consider a new flu vaccine for public distribution. But a few days later, it changed course. Is that reversal part of a larger change in the Trump administration’s efforts to ‘Make America Healthy Again’? The FT’s US Pharmaceuticals Correspondent Patrick Temple-West and US Managing Editor Brooke Masters explain. Plus, the FT’s James Politi decodes the Supreme Court’s decision on Trump’s sweeping tariffs.Mentioned in this podcast:Trump administration reverses move to block Moderna flu vaccine trialWhite House launches TrumpRx as drug companies warn of sales hitSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. We had help this week from Lauren Fedor and Maneula Saragosa. This week’s show was mixed by Sam Giovinco. Special thanks to Pierre Nicholson. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. The FT does not use generative AI to voice its podcasts.CREDIT: MS NOW, CNN, Forbes, @SecKennedy on X, Associated PressRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Netflix and Paramount, two large American media companies, are fighting to purchase Warner Bros Discovery. Now, US President Donald Trump and the Department of Justice are getting involved. The FT’s Los Angeles bureau chief Christopher Grimes and US deals and activism correspondent Oliver Barnes explain the president’s connections to both potential buyers and the legal scrutiny facing those companies.Mentioned in this podcast:Activist investor takes aim at Warner Bros deal with NetflixDonald Trump’s top antitrust enforcer Gail Slater pushed out as turf war deepensSign up for the FT’s Swamp Notes newsletter hereSwamp Notes was hosted this week by Sonja Hutson and is produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Special thanks to Pierre Nicholson. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. The FT does not use generative AI to voice its podcasts.CREDIT: KARE, FOX Business, CBS NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump gathered a robust coalition of voters in 2024, in part, on the promise of slashing electricity bills. But now, more than a year after his return to the Oval Office, prices are on the rise. The FT’s US energy reporter Martha Muir and US economic correspondent Myles McCormick examine why those costs are ticking up and how that might affect November’s midterm elections.Mentioned in this podcast:The political cost of America’s surging electricity billsSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: NBC News, NBC 4Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A 37-year-old demonstrator, Alex Pretti, was killed by border patrol agents in Minnesota last week. His death sparked international outrage. It also prompted the Trump administration to back down from its most strenuous immigration enforcement positions. The FT’s Washington bureau chief James Politi and deputy Washington bureau chief Lauren Fedor look ahead at what the administration’s pivot could mean for deportations and the president’s remaining time in office. Plus, the FT’s US economics editor Claire Jones breaks down Trump’s pick for chair of the Federal Reserve.Mentioned in this podcast:US plans ICE drawdown in Minnesota after outcry over immigration raidsHow Donald Trump was forced to back off his harshest immigration tacticsDonald Trump nominates Kevin Warsh as Federal Reserve chairSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: The White House, NBC News, Roll Call, ForbesRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

An affordability crisis is sweeping through the US. High prices of food, rents and healthcare are forcing Americans to cut back on necessities. This comes as President Donald Trump’s administration is curbing government support. Sonja Hutson visits Bethlehem, Pennsylvania, and the surrounding Lehigh Valley, and learns how residents are trying to make ends meet.Mentioned in this podcast:‘Scraping for crumbs’: Americans squeezed by affordability crisisInside Trump’s AmericaSwamp Notes: The Bethlehem Project is produced by Sonja Hutson and Henry Larson, and edited by Marc Filippino. The show was mixed by Sam Giovinco. Our Executive Producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Before his trip to Davos this week, Donald Trump threatened tariffs, and even hinted at using military force, to take over Greenland. The US president’s fixation ripped open a diplomatic wound that has been growing steadily over the past year. The Council on Foreign Relations' Benn Steil and the FT’s US foreign affairs correspondent Abigail Hauslohner explain how this week may have reshaped the western world permanently. Mentioned in this podcast:‘Waiting for the king’: how Trump dominated Davos Broad mandate of Trump’s Board of Peace sets it up for rivalry with UNRead Benn’s column in The DispatchCredit: The World Economic Forum, Roll CallSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Help from Lauren Fedor The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

State governments and many activists are pushing back on the federal government’s mass immigration raids. In response, US President Donald Trump threatened to use the Insurrection Act to quell protests in Minneapolis. The FT’s US national correspondent Guy Chazan and US legal correspondent Stefania Palma describe how this tension is changing the relationship between local leaders and the Trump administration.Mentioned in this podcast:‘Anger, grief and tear gas:’ outrage in Minnesota after ICE shootingDonald Trump threatens to deploy military to Minnesota after ICE shootingSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: Alpha News, Fox NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

After a military operation to capture Venezuela's leader, the Trump administration is seeking influence over other regions across the western hemisphere. The FT’s national editor Edward Luce and US-Europe foreign affairs correspondent Amy Mackinnon share their insights on how Trump and his cabinet have come to embrace the idea of foreign intervention.Mentioned in this podcast:Trump really wants GreenlandUS says using military is among ‘options’ to acquire GreenlandHow the US’s audacious operation to capture Nicolás Maduro unfoldedSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co-head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: Roll Call, CNN, Democracy Now!Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT’s Lauren Fedor and Derek Brower look back on the moments that stood out in 2025 and offer their predictions for what’s to come in the new year.Mentioned in this podcast:Forecasting the world in 2026Email Marc with your questions ([email protected])Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: Zohran Mamdani for NYC, CBS News, ABC News, The joint congressional committee on inaugural ceremonies, CNBCRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This is an episode of Political Fix, the FT weekly podcast that takes you into the corridors of Westminster to unwrap, analyse and debate British politics with a regular panel of FT correspondents.Can you name all the Labour frontbenchers who resigned or were sacked during the past year? Why was Peter Mandelson delayed from returning to the UK after being sacked as US ambassador? And who will be crowned Political Fix’s Wonk-in-Chief? Find out as host George Parker puts the entire podcast panel - Miranda Green, Stephen Bush, Robert Shrimsley, Jim Pickard and Anna Gross - through their paces in this big, fat, fiendishly difficult end-of-year quiz. The panellists also highlight their most memorable moment of 2025 and unveil their wildest predictions for the year ahead. Plus, discover who scooped all the chocolate coins in the studio to win the annual Political Fix stockpicks portfolio prize.This is a repeat of an episode published on Political Fix, a sister podcast of FT News Briefing, on December 19, 2025To listen and subscribe to more episodes, find Political Fix on your favourite platform by clicking here! Hosted on Acast. See acast.com/privacy for more information.

Four Republican members of the US House of Representatives broke ranks and supported Democrats this week to force a vote on healthcare spending. The FT’s US national correspondent Guy Chazan and deputy Washington bureau chief Lauren Fedor explain the ticking clock Congress is facing down on health insurance, and what will happen to Americans if prices increase dramatically.Mentioned in this podcast:‘A full-blown crisis’: Americans brace for a surge in healthcare costsUS healthcare costs set to leap as senators fail to reach dealEmail Marc with your questions ([email protected])Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino, and produced by Henry Larson. This week’s show was mixed by Kelly Garry. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: CBS News, NBC News ChicagoRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.