Week-end Wrap – Political Economy – June 14, 2026
by Tony Wikrent
War
‘Sounds a Lot Like a Nuclear Threat’: Trump Floats ‘Ultimate Alternative’ If Iran Talks Collapse
Jake Johnson, June 13, 2026 [CommonDreams]
President Donald Trump claimed Saturday that the US and Iran are on track to sign a diplomatic agreement this weekend, but added that “we have the ultimate alternative” if the process doesn’t “work out.”
“The ‘ultimate alternative’ sounds a lot like a nuclear threat,” Sina Toossi, a senior fellow at the Center for International Policy, wrote in response to the president’s Truth Social post. “Not the first time Trump has hinted at it.”
Trump not violating any laws
‘He who saves his Country does not violate any Law’ Trump Stuns By Saying ‘I Don’t Know’ When Asked Directly NBC’s Kristen Welker ‘Don’t You Need to Uphold the Constitution?’ Joe DePaolo, May 4th, 2025
Inside the White House Freakout Over the Epstein File
Maggie Haberman and Jonathan Swan, June 10, 2026 [New York Times]
On July 17, 2025, at around 6 o’clock in the evening, President Trump’s top officials filed into the White House Situation Room — the secure bunker where classified and high-stakes national security matters are discussed and decided. This was where President Barack Obama, along with Vice President Joe Biden, Secretary of State Hillary Clinton and the president’s national security team, watched the raid that ended with the death of Osama bin Laden in 2011.Now, however, Trump’s most senior advisers had gathered — without him — to figure out how to gain some measure of control over a very different kind of crisis threatening to engulf the presidency: the Epstein files….
Mike Brock, Jun 10, 2026 [Notes from the Circus]
Maggie Haberman and Jonathan Swan have a book coming out. The book is called Time Change, and Simon & Schuster has put substantial weight behind it, and the New York Times Magazine has run the set-piece excerpt this morning. The piece is framed, with the careful gentleness of the trade, as an inside look at the White House freakout over the Epstein files. The frame is not what the piece is.
What the piece is is a scene. The scene is the John F. Kennedy Conference Room inside the White House Situation Room complex, on the evening of July 17, 2025, at approximately six in the evening. The Vice President of the United States is in the chair. Around the table are the Chief of Staff, the Counsel, the Press Secretary, the Deputy Chief of Staff for Communications, the Communications Director, the Deputy Attorney General, a personal attorney to the President, another personal attorney to the President, and the Deputy Chief of Staff for Legislative, Political, and Public Affairs. On speakerphone — on speakerphone, the detail to which I will return — are the Attorney General of the United States and the Director of the Federal Bureau of Investigation. The President is not in the room. The President is not in the building.
The Vice President says, this is a significant issue. He is described by people who were present as visibly anxious. He is, according to the reporting, advocating internally for the full release of all Epstein-related files held by the Justice Department, and for a congressional inquiry. The Chief of Staff has told colleagues, in some venue or other that Haberman and Swan have access to, that the Vice President has shown tendencies toward conspiracy theories. Another senior official has told the reporters that the Vice President has been aggressively pursuing the Epstein issue since the memo’s release.
That is the scene. That is what we are looking at.
I have written, in these pages, that the man at the center of this administration is evil, and that the orbit around him has chosen, every day, to be where it is. I asked, in that piece, why anybody around him is tolerating the insanity. I am writing this piece because today’s excerpt is the beginning of an answer, and the answer is not what some readers wanted to hear. The answer is that some of them are, in fact, no longer tolerating it. They are positioning. They are leaking. They are sitting for interviews. They are, in private rooms, telling Maggie Haberman and Jonathan Swan things that they know will appear in books published by Simon & Schuster and excerpted in the New York Times Magazine. They are, in other words, beginning the work of constructing the record by which they will, later, explain what they were doing in the room….
Mike Brock, June 08, 2026 [Notes from the Circus]
… Why is anybody around him tolerating this insanity?
The question is not rhetorical. I want it asked out loud, by name, in the rooms where it matters, by the people who go home at night and tell themselves they are the adults in the room. I want it asked of the Cabinet members who have signed on to be the cabinet of a man whose pathology is not a secret and has never been a secret. I want it asked of the aides who walk down the hallway with their phones in their hands and pretend they did not hear what they just heard. I want it asked of the Senate Republicans who have voted, vote after vote, to let this man put his name and his face and his will on the institutions of the United States. I want it asked of the donors who have written the checks. I want it asked of the lawyers who have drafted the briefs. I want it asked of the press secretaries who have stood at the podium and said the words they were told to say. I want it asked of every single one of them, and I want them to have to answer it, and I want the answer to be on the record.
There is no good answer. There is only the answer of careerism, and the answer of cowardice, and the answer of the ambient corruption of being in the orbit of a man whose pathology you have to pretend not to see. The aides who tell their friends he is not really like that. The Cabinet members who tell themselves they are the bulwark. The Senate Republicans who tell themselves they are the moderating influence. The donors who tell themselves they are funding tax policy. The legal team that tells itself it is doing the work of the law. Each of these is a lie….
Trump asking (anti)Republicans in Congress to void first-term impeachments
Joyce Vance, June 12, 2026 [Civil Discourse]
…there’s a 1984, “Let’s rewrite history” moment tonight. The Wall Street Journal reported that Trump has a new gambit to rewrite history. He is “pushing lawmakers to pass a resolution aimed at voiding his first-term impeachments.”….
‘Abolish ICE,’ Summer Lee Says After Haitian Immigrant Daphy Michel’s Death Ruled a Homicide
Jessica Corbett, June 12, 2026 [CommonDreams]
The U.S. Took Over Venezuela’s Oil Industry. Where Has All the Money Gone?
[Council on Foreign Relations, via Letters from an American, June 11, 2026, Heather Cox Richardson]
… Based on tanker-tracking data from Bloomberg and reports on discounts applied to Venezuelan crude, the estimated value of U.S.-controlled oil exports has increased from $600 million in January (about 380,000 barrels per day) to about $3.7 billion in April alone (about 1.1 million barrels per day). The largest recipients of Venezuelan oil since January 3 have been the United States (43 percent), India (26 percent), and Spain (8 percent).
The Trump administration has shared some details with Congress. Secretary of State Marco Rubio testified in January that $300 million had flowed through a “short-term” account in Qatar and been disbursed to Venezuela, while another $200 million was “still sitting” in the account. He indicated the administration would conduct a retroactive audit on the funds that moved through the Qatar account. The following month, Secretary of Energy Chris Wright said during a press interview that the full $500 million had been transferred to Venezuela and that the administration would use U.S. Treasury accounts going forward.
But the administration has yet to provide a public accounting of the Qatar account, including how the funds were spent or what safeguards were in place to prevent corruption and money laundering….
