Good afternoon. This is the Final NOTUS newsletter for April 10, 2026. You can get it in your inbox every day by signing up here — it’s free!
THE LATEST
Donald Trump is preparing a $98 billion ask for U.S. military operations in Iran, NOTUS’ Joe Gould reports. In a sign that the political realities of a big new war are setting in, it’s way down from the initially floated packages of around $250 billion. But even at that steep discount, it’s likely to face steep odds on Capitol Hill, where both Democrats and Republican fiscal hawks are expected to oppose it.
Inflation tripled last month, according to the Consumer Price Index released today. The jump was overwhelmingly driven by the price of gas, which has skyrocketed as the Strait of Hormuz remains effectively closed despite the fragile ceasefire.