e 🍊

Effective Optimist

[Brenden Dilley @WarlordDilley]

Dear Groypers/DeSimps/NeverTrump fringe weirdos,

The President and his team have done the math.

In order to win the midterms, keeping the House, and Senate, we only need loyal MAGA to vote (the 99% who approve of the job he's done so far).

Thanks for playing, dorks.

[James E. Thorne @DrJStrategy]

The Bond Vigilantes’ Delusion

The bond vigilantes are back, or so Wall Street would have investors believe. Their claim is that Treasury yields must remain high because America has too much debt and artificial intelligence is creating enormous new demand for credit.

It is a seductive story. It is also wrong.
It’s a shame even Fed officials use it.

AI borrowing may lift the term premium at the margin. Deficits may make investors demand more compensation for duration. Neither explains a 5% 10-year Treasury yield, nor makes it a permanent condition.
The real wager is monetary. The 10-year, near 5.2%, reflects a market assumption that the Fed funds rate will average roughly 3.8% over the next decade, plus a positive term premium. The San Francisco Fed’s model decomposition makes the point plainly. It attributes roughly 3.8 percentage points of the 10-year yield to expected short rates over the coming decade and about 1.5 points to the term premium. The New York Fed’s estimate of the premium is lower, closer to 0.9 points. The split is debatable. The message is not.

That 3.8% assumption is a remarkable forecast. It is more hawkish than the Federal Reserve’s own 3.2% longer-run estimate. Markets are not merely assuming that rates settle above the zero-rate era. They are assuming that the Fed will run policy about 60 bps tighter than its own idea of normal for an entire decade.

That is the bond vigilantes’ delusion. Yet who can blame them? The Fed’s recent conduct has encouraged it. It has shown a readiness to tighten into a negative growth shock, to treat tariff-related price changes as persistent inflation, and to mistake supply-side expansion for excess demand.

That is bad theory. Tariffs may change relative prices and impose real costs, but they do not automatically produce a sustained increase in the inflation rate. Nor does faster growth automatically require tighter policy.

When investment, technology and productivity increase the economy’s productive capacity, they permit stronger real growth without a corresponding acceleration in underlying inflation. A central bank that ignores this distinction makes itself the source of the restrictive policy that the bond market now expects.

The debt thesis does not survive contact with history. US non-financial debt rose from about 136% of GDP in 1980 to roughly 250% by 2010. The 10-year yield fell from the low teens to around 3%. Debt then stayed near 250% of GDP through much of the 2010s as yields fell toward 1%. It peaked near 293% in 2020, when long yields were near their lows.

Since then, the debt ratio has declined as nominal GDP rose faster than debt, even as the Fed lifted rates above 5% and the 10-year rose above 4%. The largest move in rates occurred while economy-wide leverage was flat or falling.

Japan and China reinforce the lesson. Both accumulated vast debt burdens without producing a mechanical surge in long yields. Debt can matter at the margin. It does not dictate the cycle.

My estimate of nominal r-star is 2.75%, 2% inflation plus a 0.75% equilibrium real policy rate. Technology is deflationary. AI, capital investment and productivity growth expand supply, lower costs and permit faster growth without persistent inflation.

Yes, a bull steepener awaits. As the Fed’s reaction function catches up, short rates should fall faster than long yields. If the average funds rate converges to 2.75% and the term premium remains positive, the 10-year should settle near 4%, with a normal 100 bps spread over the two-year.

The long end is not going parabolic because of debt. It is high because markets expect the Fed to mistake supply-led growth for inflation and keep policy too tight. That error will eventually fade, likely after the midterms.

[e 🍊 @ElderMobility]

@Dbob_77 @DailySaltMine @frontierism @derzum_ God bless you, these niggas are a bunch of histrionic whiny retards LMAO

[e 🍊 @ElderMobility]

@3254DChambers @frontierism Couldn't imagine being this much of a retard. Yes Iran is taking longer than I'd like, but we're taking care of the "Iran problem" once and for all. Trump literally released Epstein files

But your solution is to put Democrats back in power? LMAO. Stop being a whiny retard p-ssy

[Tehpwnerer — e/acc @abufenyrcd]

Adapt. Accelerate. Ascend.

NEVER doom

[Brian4new @GustBrian]

This has to drive the Liberals crazy 🤪

[e 🍊 @ElderMobility]

@BrandynsWisdom >"NeverWokeX"
>NeverWokeX: "Voting for Democrats in the midterms"

lmfaoooo like how can you not legitimately laugh at this?

[e 🍊 @ElderMobility]

@BrandynsWisdom At this point I can't even be mad 🤣🤣🤣 this is genuinely hilarious like I'm actually laughing out loud lmfaooo. What a pathetic psyop hahaha too bad for them it won't be effective

[e 🍊 @ElderMobility]

@AnaKasparian2 @BrandynsWisdom So you're starving to death?

You'd rather vote for Democrats in the midterms?

You're also longing for the days of Biden?

[e 🍊 @ElderMobility]

@nytimes "Journalists" need to be held liable for being pieces of sh-t. Make Gitmo and Gulags Great Again.

https://t.co/BHEZeOY7Rk

[Ben Silone @bsilone]

Notice how the story changes the further down you read:

Headline: “OpenAI’s Systems Meddled With U.S. Government Sites After Going Rogue”

First paragraph: “OpenAI’s artificial intelligence went rogue and meddled with the websites for the Education Department, the Commerce Department and the Securities and Exchange Commission”

Third paragraph: “None of the incidents were breaches, OpenAI said”

Eighth Paragraph: “Most of the activity we’ve reviewed so far involved routine research tasks, such as accessing public web content to answer questions,” she said. “Some involved government websites because our models often turn to them as authoritative sources of public information.”

[Brenden Dilley @WarlordDilley]

I love America.

The love for our country is what fuels my relentless enthusiasm to save it.

Being a pessimist is easy. It takes no courage or faith. Zero effort to be a whiny bitch.

There is so much to be excited about right now, if you're willing to see it and fight for it.

[Persian girl 🌞🦁 @iPrsian]

I’m an Iranian protester living inside Iran. If you want to understand what Iranians inside the country are really saying ,not the message the Islamic Republic wants you to hear through propaganda, proxies, manipulated narratives, and quieter forms of influence, follow me.

[e 🍊 @ElderMobility]

@HollyBriden @ABC @SloanRachmuth "Asymptomatic Long Covid" is Shakespeare levels of poetry btw 🤣 well done

[MJTruthUltra @MJTruthUltra]

Those saying President Trump has “changed” over the years because of this war with Iran, and say we didn’t vote for this… yes you did. You just chose to forget he has been consistent on this subject for 15 years.

And if you don’t understand what Obama did sending billions in CASH to Iran, you don’t deserve a say in the conversation.

[e 🍊 @ElderMobility]

@brickroad7 @esrtweet LMFAO🤣🤣🤣you still have time to delete this

[Eric S. Raymond @esrtweet]

I expected the Trump tariffs to be a disaster. I'm puzzled by what I'm not seeing.

They don't seem to have harmed the US economy in any way I can notice with my eyeballs or in the statistics. Business activity is booming, unemployment seems to be low, household consumption is up, stock market seems to be doing fine.

Is my whole model of trade and economics broken? How is he getting away with this?

[e 🍊 @ElderMobility]

@SharrellAnne2 https://t.co/04AJ77TwBS

[e 🍊 @ElderMobility]

@NnPnemck They are massive retards who lack any medium-to-long term critical thinking skills. Disloyal, retarded hylics whose beliefs can be programmed on a whim.

They'll read my QT below and then continue to b-tch and moan because they are retarded.

https://t.co/d6qREMR0Dy

[e 🍊 @ElderMobility]

@NnPnemck "Trump didn't completely reverse decades of corruptions in less than 2 years while fighting against rogue judges, courts, and institutions. We should let the communists win to send a message and fix things, instead of letting Trump continue to fix things!"

Massive retards

[e 🍊 @ElderMobility]

@NnPnemck They are massive retards who lack any medium-to-long term critical thinking skills. Disloyal, retarded hylics whose beliefs can be programmed on a whim.

They'll read my QT below and then continue to b-tch and moan because they are retarded.

https://t.co/d6qREMR0Dy

[America First Insight @AF_Insight]

Sorry but this idea that Republicans "did nothing" is just stupid. Feel free to say its not enough, but nothing is false.

Victories under Trump & Republicans:

IMMIGRATION & BORDER
- Sealed the Southern Border
- Carried out the most interior removals annually, ever
- Expanded 287(g) by 1823%
- Thousands of third nation deportations
- Built around 200 miles of wall, 750 miles under construction.
- Mega Master Court Hearings for illegals
- Shut down the San Francisco Immigration Court
- Ended TPS for 12 nations
- Slowed renewals and deported some DACA individuals
- Issued Guidance to make sure Public Charge can determine a foreigner's inadmissibility
- Ending the 60-day layoff grace period for work visas
- Revoked over 200k visas
- Revoked at least 2,300 visas related to birth tourism concerns in the past 40 days.
- Two different H-1B fees
- Reweighted H-1Bs
- DOJ first use of Alien Terrorist Removal Court
- Suspended PERM filings of two companies that abused H-1Bs
- Cut fentanyl trafficking at the Southern Border by 56%
- Ended "catch-and-release"
- Reinstated "Remain in Mexico"
- Paused visa processing for 75 nations
- Cut the number of new foreign students in the US by 17%
- Enforced English-language proficiency requirements for commercial truck driving.
- Slashed Refugee admission by 97% and the remaining % went to South Africans
- 10x'd Denaturalizations
- Signed the Laken Riley Act into law
- Terminated the CHNV parole program for over 500k individuals
- Revoked parole for those admitted through the CBP One
- Created a self deportation machine
- Rescinded the "sensitive locations" enforcement policy
- Expanded immigration detention capacity
- Reactivated immigration fines
- Increased scrutiny of employment authorization
- 10x'd I-9 audits
- Reduced Naturalizations by 75% (monthly).
- The White House reported negative net migration in 2025, which it described as the first year of net-negative migration in at least 50 years
- Immigration-court asylum grant rates fell to 5.5% in June 2026 according to TRAC; the White House has cited an approximately 7% grant rate more broadly
- Signed the Secure America Act, providing about $69.55 billion through FY2029 for CBP, ICE, HSI, border technology, detention, removal operations and related DHS immigration enforcement

SOCIAL POLICY & DEI
- Closed down over 40 "gender-affirming" centers for minors.
- Forced several of the above to open detransitioning clinics.
- Abolished federal DEI/DEIA programs and offices
- Rescinded Biden's federal racial-equity executive orders
- Removed DEI considerations from federal hiring and promotions
- Eliminated or reorganized DEI-based federal Special Emphasis Programs
- Ended discriminatory restrictions in federal employee affinity groups
- Revoked EO 11246's federal-contractor affirmative-action framework
- Ended race/sex preferences covered by the administration's federal contracting directives
- Required federal contractors to comply with antidiscrimination requirements under the administration's new framework
- Directed DOJ/EEOC enforcement against unlawful private-sector DEI discrimination
- Initiated civil-rights investigations of university admissions practices
- Removed disparate-impact provisions from Education's Title VI regulations
- Abolished military DEI offices and programs
- Made military personnel decisions merit-focused under the new DoD policy
- Removed race/sex presumptions from DOT's DBE contracting programs
- Terminated federal environmental-justice initiatives covered by the DEI orders
- Terminated DOJ's Lowndes County environmental-justice settlement
- Removed/archived hundreds of Education Department DEI materials
- Directed changes to DEI-related programming at the Smithsonian
- Expanded federal-contractor anti-DEI policy again through EO 14398 in 2026
- Whites above 50% of births reversing the trend.

CRIME, DRUGS & PUBLIC SAFETY
- Violent crime fell 9.3% nationwide in 2025
- Murders fell 18.1% nationwide in 2025
- Robbery fell 18.5% nationwide in 2025
- Rape fell 7.6% nationwide in 2025
- Aggravated assault fell 7.2% nationwide in 2025
- Property crime fell 12.4% nationwide in 2025
- Violent crime fell another 10.6% in the first half of 2026
- Murders fell another 23% in the first half of 2026
- Nearly 54,000 FBI violent-crime arrests
- Captured nine FBI Ten Most Wanted fugitives
- U.S. Marshals arrested 62,000+ fugitives in FY2025
- Launched Operation Take Back America
- Launched Operation Spring Cleaning, resulting in 1,100+ arrests and seizures of nearly 1,000 illegal firearms and 2,700+ pounds of narcotics
- Created the D.C. Safe and Beautiful Task Force, declared a D.C. crime emergency and temporarily placed D.C. police under federal direction
- Took federal action against D.C.'s cashless-bail policies
- Directed prosecutors to seek the death penalty in eligible D.C. cases
- Recorded 17,000+ arrests through the D.C. crime initiative
- Created the Memphis Safe Task Force, which recorded 5,100+ arrests
- Memphis violent crime fell 19% in 2025
- Memphis murders fell 43%+ year-to-date in 2026
- Expanded federal enforcement against MS-13
- Expanded federal enforcement against Tren de Aragua
- Designated major cartels and certain transnational gangs as terrorist organizations
- Expanded federal prosecution of cartel leaders and traffickers
- ATF seized 36,000+ illegal crime guns and 2.3 million+ rounds of ammunition from prohibited persons, gangs and criminal organizations
- Intercepted 4,300+ firearms being trafficked toward Mexican cartels
- Expanded enforcement against machine-gun conversion devices
- Signed the HALT Fentanyl Act
- DEA seized 45 million+ fentanyl pills, nearly 200,000 kilograms of cocaine and 1,100+ kilograms of heroin in FY2025
- Overall drug-overdose deaths fell 14% in 2025
- Expanded prosecutions of cartel-linked fentanyl networks
- Created the Fentanyl Free America initiative
- FBI arrested 5,000+ child predators and human traffickers
- FBI located or identified 11,000+ child victims
- Signed the TAKE IT DOWN Act
- Restored federal death-penalty enforcement, rescinded the Biden-era execution moratorium, restored the pentobarbital protocol and directed DOJ to seek capital punishment in appropriate eligible cases
- Increased federal support for state and local law enforcement
- On-duty law-enforcement deaths fell 25% in 2025

MAHA & HEALTH
- Established the Make America Healthy Again Commission
- Released new 2025-2030 Dietary Guidelines centered on whole, nutrient-dense foods
- Began a federal initiative to phase out six widely used petroleum-based synthetic food dyes: Red 40, Yellow 5, Yellow 6, Blue 1, Blue 2 and Green 3
- Secured synthetic-dye removal commitments from roughly 40% of the U.S. food industry, including 27 major food companies
- Approved multiple new naturally derived food-color alternatives
- Changed FDA policy to make "no artificial colors" labeling easier for foods using naturally derived colors
- Began developing the first federal definition of "ultra-processed food"
- Approved SNAP food-restriction waivers for more than 20 states, including Florida restrictions on soda, energy drinks, candy and prepared desserts
- Signed the Whole Milk for Healthy Kids Act
- Announced $61.9 million to strengthen Head Start nutrition and expand access to fresh and healthy food for more than 100,000 families
- Restored the Presidential Fitness Test
- Revamped the President's Council on Sports, Fitness and Nutrition
- Launched a nationwide childhood-physical-activity effort through Get Kids Active
- Made childhood chronic disease a formal government-wide priority and redirected $1.8 billion annually toward combating it
- Launched a $50 million autism data-science initiative
- Launched the first national Autism Missing and Endangered Person Alert initiative
- Doubled funding for the Childhood Cancer Data Initiative
- Directed federal health agencies to increase transparency and open-source access to federally funded health research
- Revised the federal childhood vaccine schedule/recommendations under the administration's new framework
- Launched Operation Stork Speed to improve the safety, nutritional quality and availability of infant formula
- Took executive action to expand access to IVF
- Reclassified marijuana to Schedule III to facilitate medical research and alter its federal regulatory treatment
- Launched the Great Healthcare Plan framework
- Launched TrumpRx to provide access to discounted prescription drugs
- Invested more than $1 billion in farm modernization and long-term food-supply resilience
- Issued an executive order advancing regenerative agriculture
- Secured Most-Favored-Nation drug-pricing agreements with 26 pharmaceutical manufacturers covering 89% of the branded-drug market by September 2026
- Secured a prior-authorization reform pledge from major health insurers covering nearly 8 in 10 Americans; by April 2026 leading plans reported eliminating about 11% of prior authorizations, or roughly 6.5 million requests

ECONOMY & KITCHEN TABLE
- The ISM Manufacturing PMI registered 54.6 in August 2026, marking eight straight months of manufacturing expansion after a 10-month contraction
- Manufacturing employment rose by 58,000 from its December 2025 low through August 2026; the White House also reported nearly 100,000 additional factory-construction jobs during the second term
- Major U.S. stock indexes reached multiple record highs during the second term; the Nasdaq reached another intraday record on September 22, 2026
- Treasury collected $292.5 billion in gross customs duties in FY2026 through August and issued $125.2 billion in refunds, leaving $167.3 billion in net customs revenue
- SNAP participation fell by roughly 5 million people, or about 12%, between July 2025 and May 2026 as the OBBBA’s work-requirement and noncitizen-eligibility changes began rolling out; analysts caution that some of the decline preceded full implementation
- Treasury and the IRS proposed rules applying PRWORA eligibility restrictions to the refundable portions of the Child Tax Credit, EITC, American Opportunity Tax Credit and adoption tax credit for taxpayers who are not U.S. citizens, nationals or qualified aliens

OBBBA: TAXES, BENEFITS, AGRICULTURE, DEFENSE & INFRASTRUCTURE
- Signed the OBBBA
- Made the lower individual income-tax rates from the 2017 TCJA permanent
- Permanently increased the standard deduction and increased it further under the OBBBA
- Permanently increased the Child Tax Credit
- Created a deduction of up to $25,000 for qualified tip income
- Created a deduction of up to $12,500 in qualified overtime compensation, or $25,000 for joint filers
- Created a $6,000 additional deduction for qualifying seniors ($12,000 for an eligible married couple), marketed by the White House as “No Tax on Social Security”; it is an income-tax deduction and does not literally repeal taxation of Social Security benefits
- Created a deduction of up to $10,000 for interest on qualifying loans for new American-assembled vehicles
- Raised the SALT deduction cap to $40,000 for 2025, subject to the law's income phaseout and scheduled changes
- Made 100% bonus depreciation permanent
- Made the Section 199A pass-through deduction permanent
- Permanently expanded the estate and gift tax exemption
- Restored immediate deductions for qualifying domestic R&D expenditures
- Created Trump Accounts for children, including a $1,000 federal contribution for eligible children born from 2025 through 2028
- Permanently expanded the employer tax credit for paid family and medical leave
- Expanded employer-provided childcare tax incentives
- Expanded Opportunity Zones
- Created new incentives for investment in qualifying rural communities
- Funded additional border-wall construction, barriers and related border infrastructure
- Funded thousands of additional ICE, CBP and Border Patrol personnel
- Massively expanded immigration-detention funding
- Funded additional removal and deportation operations
- Funded additional border-surveillance technology
- Funded additional immigration judges and court resources
- Provided funding to reimburse states for qualifying border-security activities
- Added Medicaid community-engagement requirements for certain able-bodied adults
- Increased Medicaid eligibility verification and required more frequent redeterminations for certain expansion enrollees
- Changed Medicaid provider-tax rules
- Changed state-directed-payment rules
- Added cost-sharing requirements for portions of the Medicaid expansion population
- Restricted Medicaid and CHIP federal funding for certain reproductive-health providers
- Limited Medicare eligibility for certain categories of lawfully present noncitizens
- Tightened verification for ACA premium-tax-credit eligibility
- Required repayment of excess advance premium tax credits without the previous statutory repayment caps
- Permanently allowed first-dollar telehealth coverage for HSA-compatible high-deductible plans
- Made bronze and catastrophic health plans HSA-compatible
- Allowed qualifying direct-primary-care arrangements to work with HSAs
- Created the $50 billion Rural Health Transformation Program
- Expanded SNAP work requirements for certain able-bodied adults and extended the ages covered
- Changed federal-state SNAP administrative cost sharing
- Required certain states with high SNAP payment-error rates to contribute toward benefit costs
- Restricted SNAP eligibility for specified categories of noncitizens
- Increased agricultural commodity reference prices
- Expanded base acres
- Strengthened Price Loss Coverage
- Strengthened Agriculture Risk Coverage
- Updated agricultural marketing-loan programs
- Updated federal sugar policy
- Updated federal dairy policy
- Expanded agricultural disaster assistance
- Increased benefits for beginning farmers and ranchers
- Expanded crop-insurance premium support
- Created a poultry insurance pilot program
- Increased agricultural trade-promotion funding
- Expanded conservation funding
- Capped federal lending for graduate and professional students
- Ended new Grad PLUS lending
- Reformed federal student-loan repayment, deferment and forbearance rules
- Reformed student-loan rehabilitation
- Modified Public Service Loan Forgiveness provisions
- Created Workforce Pell Grants for qualifying short-term workforce programs
- Changed Pell Grant eligibility rules
- Funded and launched development of Golden Dome homeland missile-defense capabilities
- Expanded missile and interceptor procurement and production
- Expanded domestic munitions production
- Expanded military aircraft procurement
- Expanded naval shipbuilding
- Expanded the U.S. defense industrial base
- Expanded nuclear-deterrence modernization
- Expanded military infrastructure investment
- Expanded Coast Guard procurement and infrastructure
- Required additional federal oil and gas leasing
- Accelerated the termination of several EV tax subsidies
- Accelerated the phaseout of several wind and solar tax subsidies
- Expanded nuclear-energy tax incentives
- Expanded domestic critical-mineral incentives
- Provided $12.5 billion to modernize and replace aging air-traffic-control infrastructure

FOREIGN AID, USAID, UN & COST CUTTING
- Ordered a government-wide review of U.S. foreign assistance
- Paused new obligations and disbursements of foreign development assistance pending review
- Cancelled 83% of USAID-managed foreign-aid programs
- Terminated more than $76.5 billion in USAID foreign-assistance awards by March 2025
- Dismantled USAID as an independent foreign-assistance operation and transferred/consolidated remaining functions under the State Department
- Reduced USAID's global workforce by roughly 95%, eliminating thousands of positions
- Terminated all remaining State- and USAID-funded projects in Afghanistan in April 2025
- Shifted U.S. foreign assistance toward an "America First" foreign-policy framework
- Increased emphasis on burden-sharing by foreign governments and international organizations
- Signed the Rescissions Act of 2025, rescinding $7.9 billion in previously enacted foreign-assistance funding across USAID, development, economic-support, international-organization, migration/refugee, democracy and peacekeeping accounts
- Used presidential rescission authority to cancel additional unobligated foreign-aid and international-organization funding through the administration's 2025 pocket-rescission action
- Ended U.S. funding for UNRWA
- Ended U.S. participation in the UN Human Rights Council and associated U.S. funding, including the attributable share of the UN regular budget, and eliminated the U.S. representative office
- Ordered a government-wide review of U.S. funding and participation in international organizations, conventions and treaties
- Withdrew the United States from 66 international organizations in 2026, including 31 UN entities and 35 non-UN organizations
- Reviewed U.S. membership in UNESCO and moved to end U.S. participation following the review
- Proposed eliminating or consolidating the traditional Development Assistance, Economic Support Fund, Democracy Fund and Assistance for Europe, Eurasia and Central Asia accounts
- Proposed an $8.3 billion reduction across major economic, development and democracy-assistance accounts in the FY2026 budget
- Proposed a $3.2 billion reduction across international disaster, migration and refugee-assistance accounts
- Proposed consolidating international humanitarian assistance into a smaller $2.5 billion account
- Proposed shifting foreign assistance away from grants and toward investment through the U.S. International Development Finance Corporation
- Reduced the federal civilian workforce as part of government-wide cost cutting; employment across 22 major agencies fell by nearly 256,000, or more than 11%, from December 2024 to January 2026
- Restricted federal hiring across most agencies
- Used deferred resignations, attrition and reductions in force to reduce federal payrolls

FRAUD ENFORCEMENT
- Created the White House Task Force to Eliminate Fraud, chaired by Vice President JD Vance and spanning major federal departments and agencies
- According to the White House, identified nearly $230 billion in suspected fraud, stopped $56 billion in fraudulent payments and enforced more than $55 billion through indictments, settlements and civil penalties
- Created Fraud gov and a public Fraud Ledger tracking investigations, suspensions, recoveries and enforcement actions
- Created minimum anti-fraud standards for federal benefit programs, expanding identity and eligibility verification and pre-payment controls
- Expanded federal data-sharing and required agencies to identify high-risk fraud trends before payment and develop measurable anti-fraud plans
- Launched a national fraud whistleblower program
- Created the DOJ National Fraud Enforcement Division, led by the first Assistant Attorney General specifically responsible for the division, with nationwide taxpayer-fraud coordination responsibilities
- Expanded DOJ Health Care Fraud Strike Forces as DOJ reported roughly 8,000 active fraud cases by April 2026
- Uncovered $6.3 billion in suspected fraudulent government contracts and launched an investigation
- Referred 562,000 fraudulent or delinquent pandemic-era SBA loans, totaling roughly $22 billion, for aggressive collection
- Blocked $60 million in fraudulent student-loan applications in the first month of enhanced screening
- Identified more than 10,000 suspected fraud cases involving international-student work programs
- Suspended $1.4 billion in home-health and hospice funding amid fraud investigations, including 447 hospices and 23 home-health agencies in Los Angeles tied to an estimated $600+ million in suspected fraud
- Halted new Medicare enrollment for hospice providers nationwide during the fraud crackdown
- Launched audits of Medicaid Fraud Control Units in all 50 states and expanded Medicaid fraud investigations nationwide
- Deferred $1.3 billion in federal Medicaid reimbursements to California amid fraud-related enforcement
- Halted nearly $260 million in Medicaid payments to Minnesota and deferred an additional $91 million amid fraud allegations
- Charged 15 defendants in a major Minnesota healthcare-fraud investigation, including cases DOJ described as the state's largest autism-fraud prosecution and highest-loss Medicaid fraud case
- Charged four Ohio defendants, including two state employees, in an alleged $30 million Medicaid billing scheme and seized 14 luxury vehicles
- Imposed a temporary moratorium on new home-health and hospice providers in high-risk areas of Ohio
- Served criminal warrants and administrative charges on 20 Minnesota businesses suspected of SNAP fraud
- Expanded investigations into fraudulent childcare providers and charged a Minneapolis daycare owner in a federal fraud case
- Created the DOJ Trade Fraud Task Force, which surpassed $1 billion in recoveries, penalties, forfeitures and publicly charged losses while expanding civil and criminal enforcement against customs and tariff fraud
- Created federal-state anti-fraud partnerships, including the Florida Anti-Fraud Task Force, and expanded data-sharing to identify fraudulent benefit claims

ENERGY & DEREGULATION
- Declared a National Energy Emergency
- Resumed LNG export approvals and ended the Biden-era pause on new approvals
- Achieved record U.S. LNG exports in 2025, becoming the first country to export more than 100 million metric tons in a year
- Achieved record U.S. oil and natural-gas production in 2025
- Achieved record crude-oil and petroleum-product exports in 2026
- Opened hundreds of millions of acres of federal land to oil, gas and coal development
- Expanded offshore oil and gas leasing
- Expanded energy development in Alaska, including reopening ANWR development opportunities
- Expanded coal leasing on federal lands and ended the federal coal-leasing moratorium
- Accelerated federal permitting for energy projects
- Ordered agencies to identify and eliminate regulations burdening domestic energy production
- Revoked the Obama-era EPA Endangerment Finding
- Reversed Biden-era restrictions on fossil-fuel development, natural-gas infrastructure and federal-land energy development
- Ended the federal push toward eliminating gas appliances
- Halted the Biden-era fossil-fuel restrictions on federal buildings
- Issued four executive orders expanding American nuclear power, including faster NRC licensing and a goal of quadrupling U.S. nuclear capacity by 2050
- Accelerated deployment of advanced nuclear reactors and expanded federal support for advanced-reactor demonstrations
- Expanded domestic nuclear-fuel supply chains, including uranium enrichment and fuel production
- Launched a government-wide 10-for-1 deregulatory policy
- Finalized 646 deregulatory actions versus five regulatory actions in FY2025, a 129-to-1 deregulatory-to-regulatory ratio
- Ordered automatic review and rescission of outdated energy regulations

VETERANS
- Reduced the VA disability-benefits backlog by more than 70%, bringing it below 70,000 claims for the first time since 2020
- Enrolled more than 250,000 new veterans in VA healthcare in 2026
- Opened more than 40 new VA healthcare clinics since January 2025
- Provided more than 3.2 million VA appointments outside normal operating hours through expanded early-morning, evening and weekend scheduling
- Completed more than 82 million direct-care VA appointments in FY2025, a 4.1% increase
- Completed nearly 60 million VA community-care appointments in FY2025, a 12% increase
- Permanently housed 51,936 homeless veterans in FY2025, the most in seven years
- Invested another $1.2 billion in VA infrastructure improvements in Q3 FY2026, including $915 million for facility repairs/upgrades and $229 million for infrastructure supporting electronic health records

FAITH & RELIGIOUS LIBERTY
- Established the White House Faith Office within the Executive Office of the President and Domestic Policy Council
- Established the DOJ-led Task Force to Eradicate Anti-Christian Bias
- Established the Religious Liberty Commission to advise the White House on religious-liberty protections and policy
- Issued updated Education Department guidance on constitutionally protected prayer and religious expression in public elementary and secondary schools
- Restored HHS’s Conscience and Religious Freedom Division within the Office for Civil Rights