Steven T. Dennis
@steventdennis.bsky.social
I cover the U.S. Senate for Bloomberg News. You may know me from #FridayNightZillow, but C-SPAN is more my natural habitat. #Introduction I'm also @steventdennis on the other places. Opinions mine. Email: sdennis17@bloomberg.net
Yeesh. 👀 (Bloomberg) - The most likely long-term outcome of the AI boom will be massive capital destruction in the US, with market share going to cheaper open-source Chinese models, according to Jefferies Financial Group Inc. @bloomberg.com www.bloomberg.com/news/article...
I’m feeling sick! Today, our supposed allies decided to give the mad goblin in the Kremlin more money to keep killing us, and blamed us for it in the process! We made them buy russian oil, you see? By defending ourselves. Freaking circus. Donate to the Armed Forces of Ukraine
New working paper: the Norwegian wealth tax was a huge success. The "exodus" of wealthy people never happened (less than 100 individuals left). Tax revenue increased by 71.5%. No changes in business activity or investment. www.nber.org/papers/w35854
Things got more insane just about as soon as I posted this last night. DHS is now arguing that we cannot even put the names of ICE officers in our lawsuit against those officers. Their position is that, if a defendant works for DHS, they cannot be named in a lawsuit. Never seen anything like it.
It's been a struggle for reporters to get DHS to provide the names of officers who violate people's civil rights. Now, in our case against DHS's construction-site raids, the government is arguing in court that its employees names are "confidential" and should not be made public during litigation.
Which is more unlikely: Trump passes a “great” health care plan that doesn’t involve insurance companies or Trump sends out $5,000 checks to every adult American?
Trump's suit appears to be part of Jos. A. Bank's Traveler line. The suit is listed as having been made abroad using a wool-polyester-spandex blend. The company describes it as having the "ultimate stretch" and was designed to minimize body odor.
If that had happened to me, I would have assumed I was being carjacked.
The NYPD just released surveillance video of the ICE shooting (which occurred off camera). Two men in civilian clothes run up to a car with guns drawn. One second later, one man begins smashing the butt of his gun into the driver’s side window. The driver appears to panic and hit the gas.
Kind of a buried lede in the results of this Supreme Court approval rating poll from Marquette: Overall support for Supreme Court expansion, which even Democratic politicians were dismissing as "radical" just a few years ago, is now at 53 percent today.marquette.edu/2026/09/marq...
Big test for FEMA. Right before the midterms. One of the things that soured the public on Bush was the slow initial response to Katrina, and when he told "Brownie," previously a commissioner at the International Arabian Horse Association, that he was doing a "heckuva job."
With a Hurricane Warning for Isaias on the Gulf Coast, along with a Tropical Storm Watch on the West Coast for Rachel, it’s the first time the National Hurricane Center has issued watches/warnings simultaneously for both coasts. yaleclimateconnections.org/2026/10/cate...
I am in Cap Haitien interviewing people deported from the United States. I have been doing this kind of work for almost a decade and it literally does not get more dire than this. People have lost everything they built in the U.S. and are terrified and have no place to go or way to live.
Umm, *I was the “somebody”! www.c-span.org/clip/house-c...
El-Sayed: "When Mike Rogers was in Congress, he literally told somebody from the stand, 'If you don't know your privacy is being violated, is it really being violated?' It's like the peeping tom vote you're going after."
Trump is big on public executions. In 2013 he tweeted his support for public executions of the Boston marathon bombers.
This week *Trump thx Putin for agreeing to send diesel to US *Chief of staff's daughter pictured with a European official of govt allied w/Putin; her lobbying firm $$$ *Top Trump political operatives reported to have visited/worked for same Putin allied govt/paid $$$ (Just like Manafort in Ukraine.)
Trump's move to import diesel from Russia comes just 21 days after signing Lindsey Graham's bill intended to sanction countries importing Russian oil. Trump only signed it after sponsors agreed to hand Trump the power to waive the penalties.
The GOP's higher SALT cap created a fat marriage penalty for high-earning couples. Some are now ditching marriage to save $20,000 a year! www.bloomberg.com/news/feature...
SALT Tax Cap Has Couples Considering Divorce or Skipping Marriage to Save $20,000
The higher cap on the federal tax deduction is the same for a single filer or a married couple, prompting some high earners to look for ways around the marriage penalty.
bloomberg.com
A Haitian man legally immigrated to Ohio, then was given an ankle monitor bc Trump withdrew his status. He threw himself in front of truck. The trucker, who voted for Trump, is haunted. “Pierre was doing what he was supposed to do. We did not do right by him.” www.theatlantic.com/politics/202...
A Reckoning in Springfield
A truck driver out on his route confronts what the country has become.
theatlantic.com
A 25% presidential approval rate is the point where you have to wonder about Senate impeachment votes changing. Trump isn’t there; Nixon was.
One thing about how Washington "works" is there are legal niceties to observe while paying gobs of money to politically connected people. Quids and Quos are supposed to be connected by at most a wink, not "hey I sent you $300,000 already and you better start delivering"
Checked the McDonald’s app and a Big Mac near me is $7.19. (Ouch).
BREAKING 🚨: McDonald's $MCD falls to lowest closing price in more than 4 years 📉 📉
One reason why I'm surprised wealthy people and corporations don't invest more in elections. The return on investment is huge. US spends less on elections than deodorant.
Corporate profits and tax revenues grew together until the Trump tax cuts. Now corporate profits are at an all-time high while tax receipts are at their lowest since 2021.
Mike Lee's transformation over the past decade has been hard to understand.
10 years ago today GOP Sen. Mike Lee: “If anyone spoke to my wife, or my daughter…the way Mr Trump has spoken to women, I wouldn’t hire that person, wouldn’t want to be associated with that person, and I certainly don’t think I’d be comfortable hiring that person to be the leader of the free world”
After 34 years taking their collection from 1,000 to over 150,000 movies, Scarecrow Video’s beloved longtime buyer Mark Steiner is calling it a career after having helped shape Seattle’s (and the world’s) largest physical media store📽️ My story @seattletimes.com: www.seattletimes.com/entertainmen...
NEW: Maybe it's time to take a good look at all these deaths in the Epstein-Trump orbit. jkbjournalist.substack.com/p/dead-men-t...
Dead men tell no Epstein-Trump tales
When witnesses, whistleblowers and accusers die, it’s time to look at whether they have anything in common. Here is a list of some of the recent deaths.
jkbjournalist.substack.com
This is entirely because the US does not have portable mortgages.
What a chart from LPL: “.. the widening gap between prevailing mortgage rates and the effective rates existing homeowners are paying .. Many owners are sitting on cheap loans and have little incentive to give them up. That lock-in effect keeps the resale market starved of inventory ..”
I’ve covered death row cases for nearly a decade and witnessed several executions. What happened to Christa Pike wasn’t an anomaly. It could happen anywhere. With another execution planned for this week in Texas, let me explain why. THREAD 🧵
today, the fuel clock for diesel hit $50 billion- businesses and consumers have since March spent $50 billion more on diesel compared to the same time last year. adding gasoline's $78.46 billion, the tally is $128.6 billion more spent on fuel vs a year ago.