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LATE|Night Recap13m ago
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Chaos Index
7/10

HIGH ALERT

Four executive orders, a significant federal court ruling blocking DOJ pressure on the Fed, a rejected Russia-Iran diplomatic deal, and ongoing military strikes in the Middle East make this an extremely active news cycle with consequences across multiple high-stakes domains.

Trump Signs 4 Executive Orders, a Judge Blocks DOJ's Fed Pressure, and Iran Talks Take a Stunning Turn

Trump signed 4 EOs on housing, mortgages, "Made in America," and gender; a judge blocked DOJ subpoenas targeting Fed Chair Powell; and Trump reportedly rejected Putin's offer to move Iran's enriched uranium to Russia.

Situation Report

Here's the thing about March 13, 2026 — it wasn't one story.

It was four executive orders, a federal judge drawing a line in the sand, a rejected Russia peace deal, seven years of Medicaid data dumped on the public, and a crypto regulatory sprint all happening at roughly the same time.

Welcome to Thursday in Trump's America.

Let's start with the story that flew the most under the radar tonight.

A federal judge blocked the DOJ from issuing subpoenas targeting Federal Reserve Chair Jerome Powell — and the ruling was a gut-punch to the administration's strategy.

The court found no evidence of any crime.

None.

The judge's language was blunt: this wasn't a legitimate law enforcement inquiry. According to legal commentator Norm Eisen, who posted about the ruling, it was "a pressure campaign to do Trump's bidding on interest rates."

The Fed sets the interest rates that affect your mortgage, your car loan, your credit card. The administration has made no secret of wanting rates lower. Now a judge has said: you don't get to use subpoenas to make that happen.

Meanwhile, the White House had a busy afternoon at the pen.

Trump signed four executive orders in a single day — targeting housing construction, mortgage access, "Made in America" labeling fraud, and gender policy.

The Press Secretary announced all four in rapid succession on X. The housing and mortgage orders aim to strip back regulations that the administration says have driven up home costs and locked creditworthy borrowers out of the market. Community banks, the White House said, have been "weakened" by existing rules.

The "Made in America" order targets foreign manufacturers and sellers it says are fraudulently claiming American-made status on their products.

And the gender order — OANN reported Trump declaring, "I signed an executive order stating that there are only two genders, male and female" — though this appears to be a reaffirmation of earlier policy rather than brand-new ground.

Four orders in one day. That's a lot of ink.

Now pivot to the Iran situation — because something remarkable happened today that got almost no attention.

Trump reportedly turned down an offer from Vladimir Putin to relocate Iran's enriched uranium to Russian soil — a move that could have been a diplomatic off-ramp from the military conflict currently underway.

According to a post citing an Axios report, the offer was made and declined.

Why would Trump say no to a deal that removes the most dangerous component of Iran's nuclear program?

That's the question nobody in Washington seems to be answering tonight.

What we do know: B-2 bombers are operating in the region. Defense Secretary Hegseth said yesterday was "the biggest strike day yet." And Trump posted a warning that said — in his words — "watch what happens to these deranged scumbags today."

One post on X reported that Iranian state television claimed the U.S. was planning to deploy MOABs — the Massive Ordnance Air Blast bomb, the largest non-nuclear weapon in the American arsenal.

Gas prices are hitting record highs as this conflict stretches on.

And here's a detail that hits closer to home: a post on X noted that a DHS funding impasse means some security workers may be missing paychecks right now.

On a completely different front, DOGE released seven years of Medicaid spending data — 2018 through 2024 — to the public, allowing anyone to search for potential fraud.

Newsmax reported that the data release was designed to let Americans "see for themselves the level of fraud in the program."

Whether this is a prelude to Medicaid cuts, a transparency move, or both — that data is now public.

And then there's crypto.

The administration tapped Michael Selig — an SEC crypto task force insider — to chair the Commodity Futures Trading Commission. The CFTC and SEC launched what they're calling a joint "crypto sprint" to fast-track a digital asset regulatory framework. The stated goal, per multiple posts on X: make the U.S. the "crypto capital of the world."

If you own any Bitcoin, Ethereum, or digital assets, tonight's regulatory moves matter to your portfolio.

Finally, one storyline to watch: there are reports — citing three sources — that Trump may be preparing to remove Richard Grenell from his role as head of the Kennedy Center, potentially as soon as today. The announcement hadn't been confirmed by press time.

Bottom line: today was not a quiet governance day.

It was executive orders, a court smackdown, a rejected Putin peace deal, Medicaid data going public, and a crypto regulatory sprint — all while military strikes continue in the Middle East.

The pace of this administration is not slowing down.

And you need to be paying attention.

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