

SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.


Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
"The US has lost control of this war," said foreign policy expert Trita Parsi.
As fears mount that he may soon launch a ground invasion of Iran, President Donald Trump is sending thousands more Marines and sailors to the Middle East.
According to a Friday report from Reuters, three US officials said that an expeditionary unit of about 2,500 Marines, among roughly 4,000 total service members, departed from San Diego aboard three ships on Wednesday—the amphibious assault ship USS Boxer and two amphibious transport dock ships, the USS Portland and the USS Comstock.
They will join around 50,000 US troops already in the Middle East, including another unit of around 2,500 Marines who were reported to be headed to the region last week, just before Trump launched an assault that struck military installations on Kharg Island, a critical hub for Iran’s oil exports.
Officials said it was not known for what purpose the additional troops were being deployed.
Trump was coy this week when asked by reporters if he planned to send ground troops into Iran.
“No, I’m not putting troops anywhere,” Trump said in the Oval Office on Thursday. “If I were, I certainly wouldn’t tell you, but I’m not putting troops.”
He previously emphasized that he would not be afraid to put "boots on the ground" in Iran if he deems it necessary.
“I don’t have the yips with respect to boots on the ground—like every president says, ‘There will be no boots on the ground.’ I don’t say it,” the president told The New York Post at the beginning of March.
With US gas prices nearing $4 per gallon and expected to climb further due to Iran's closure of the Strait of Hormuz, Axios reported on Friday that Trump is weighing plans to have US troops occupy Kharg Island, through which about 90% of Iran's oil exports move, in a bid to pressure Tehran into reopening the critical waterway.
Foreign policy experts have warned that a full-scale occupation of Kharg Island would be likely to fail and put more troops in harm's way while further embroiling the US in a quagmire.
"Even a blockade of Kharg Island would not force Iran to reopen the Strait of Hormuz," said Danny Citrinowicz, a senior fellow at Israel's Institute for National Security Studies. "For Tehran, control over the Strait is not just economic leverage—it is a core component of regime survival and deterrence."
"Reopening the Strait would likely require one of two extreme options: either regime change, or a large-scale military campaign to seize and secure the waterway. Such an operation would take months and still wouldn’t prevent Iran from disrupting traffic through asymmetric means."
Dominic Waghorn, the international affairs editor of Sky News, explained that "opening up a waterway that can be blocked again by cheap, easily deployable drones will be hugely challenging" and will likely only demonstrate to Tehran that the United States is "desperate."
The idea of sending ground troops into Iran is also deathly unpopular with the American public. In a Data For Progress poll published Thursday, 68% of voters surveyed said they would oppose putting boots on the ground, compared to just 26% who'd support it.
Even Republicans, who've generally backed Trump's military interventions to the hilt even though the president campaigned on "no new wars," are split on the idea, with 48% saying they'd oppose it and 48% in support.
Nevertheless, one official told Axios that in addition to the Marine units already heading to the Middle East, the Pentagon was considering sending even more troops soon.
"He wants Hormuz open," the official said, referring to Trump. "If he has to take Kharg Island to make it happen, that's going to happen. If he decides to have a coastal invasion, that's going to happen. But that decision hasn't been made."
Karim Sadjadpour, a senior fellow at the Carnegie Endowment for International Peace, noted earlier this week that the Strait of Hormuz would never have become an issue in the first place were it not for Trump's decision to launch a "war of choice" against Iran.
"I don't think President Trump, in his own words frankly, understood what he was getting into," Sadjadpour told NPR. "What began as a war of choice, in my view, has actually morphed into a war of necessity. I don't think that President Trump is going to simply be able to end the war and claim victory."
The war is costing American taxpayers $1-2 billion per day, according to lawmakers familiar with the Pentagon budget who spoke with The Intercept earlier this week, which estimated that it could cost trillions in the decades to come if prolonged.
"The US has lost control of this war," said Trita Parsi, the executive vice president of the Quincy Institute for Responsible Statecraft. He said that even if Trump pulled out now and declared victory, Iran would be determined to inflict maximum costs.
"Iran has leverage for the first time in years and will seek to trade it in," he said. "It has publicly demanded a closing of US bases, reparations, and sanctions relief in order to stop shooting at Israel and open the straits."
If the president's base of supporters begins to sour on the war, Parsi said, "it will become increasingly clear—if it hasn't already—to Trump that all his escalatory options only deepen the lose-lose situation he has put himself in."
"People can't afford childcare," said Sen. Bernie Sanders. "And this guy, in addition to giving tax breaks to billionaires, now wants to spend another $200 billion on a war that should never have been fought."
US Sen. Bernie Sanders said Thursday that it is absurd for the Trump administration to demand another $200 billion from Congress for an illegal war on Iran after lawmakers already approved $1 trillion in military spending for the year—and while millions of people across the nation are struggling to afford basic necessities.
"You got people all over this country, 20% of households, spending 50% of their income on housing," Sanders (I-Vt.) said in an appearance on MS NOW. "People can't afford healthcare. People can't afford childcare. And this guy, in addition to giving tax breaks to billionaires, now wants to spend another $200 billion on a war that should never have been fought."
The senator's remarks came as President Donald Trump, who has not yet formally requested the funds from Congress, suggested another $200 billion would be a "small price to pay" as the US-Israeli war on Iran heads toward its fourth week with no end in sight.
"I think the Trump people are in a bit of panic," Sanders said Thursday. "They're losing ground. Gas prices are soaring. There is massive discontent against this war. It's got to end, and we've got to make sure that Trump is neutered in 2026."
With the Trump administration considering a plan to deploy thousands of additional troops to the Middle East amid widespread fears of a ground invasion of Iran—which would explode the price tag of an already costly war—the National Priorities Project (NPP) released an analysis highlighting where the $200 billion requested by the Pentagon could be better spent.
The group estimated that $200 billion would be enough for all of the following this year:
"Pete Hegseth would rather the US bomb Iranian families than feed American families," wrote NPP's Lindsay Koshgarian, referring to the Pentagon secretary. "We should remember the lies that led us into war in Iraq a generation ago. That war ultimately cost nearly $3 trillion. We must not go down that path again. Our tax dollars should be helping struggling Americans, not feeding new forever wars."
New revelations show an IG report about wait times for people seeking help or services was altered after it was submitted to the administration.
A Social Security advocacy organization on Thursday blasted the Trump administration for covering up damaging information contained in an inspector general report released in December.
According to The Washington Post, a report from the Social Security Administration's (SSA) inspector general (IG) about call wait times for beneficiaries was altered to make it seem as though wait times to speak to representatives had been reduced to under 10 minutes per call.
"An unpublished draft of the report... showed that the inspector general had planned to report another metric—called the 'total wait time'—to measure the overall time it takes for callers to be connected with an SSA employee," the Post explained. "According to that draft report, in 2025 total wait time averaged 46 minutes to over two hours."
The Post added that this "information was deleted from the draft after the agency reviewed it before publication."
Nancy Altman, president of Social Security Works, responded to the report by saying that "now we know why [President Donald] Trump fired the inspector general at Social Security," noting that the SSA IG was one of several fired across multiple agencies at the start of Trump's second term.
Altman then argued that the attack on inspectors general was part of a broader effort by the Trump administration to dismantle government transparency all together.
"Inspectors general are the American peoples’ eyes and ears in these agencies," said Altman. "The Trump administration is undermining that oversight at every turn. Under this administration, the IG has no ability to conduct independent oversight. There is no meaningful check on the Trump administration’s Social Security sabotage."
Democratic communications consultant Jesse Lee linked the damage to the SSA documented in the draft IG report to efforts by Elon Musk's Department of Government Efficiency (DOGE), which went on a firing spree of federal workers last year.
"So DOGE did a smash and grab at the Social Security Administration, breaking into the most sensitive data, firing phone and in-person case workers," Lee wrote. "Trump appointee waved around an IG report claiming wait times were fine—after burying the real report saying they were up to two hours."
“At a time of extreme and growing inequality," said one critic, "today’s proposals will drain lending away from Main Street families’ needs and priorities and further enrich the already wealthy on Wall Street."
The Trump administration and Federal Reserve unveiled proposals Thursday that would significantly reduce capital requirements for the largest banks in the United States, potentially setting the stage for another financial industry collapse as the US-Israeli war on Iran destabilizes the global economy and jacks up prices for consumers.
Under the new rules proposed by the Fed, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, large banks would have to hold nearly 5% less capital on average. The advocacy organization Better Markets noted that the proposals—combined with other deregulatory actions taken by the Trump administration and the Fed over the past year—would return Wall Street banks' capital requirements "to the irresponsibly low 2007 levels they had just before the 2008 crash."
“At a time of extreme and growing inequality, when tens of millions of Americans are struggling to pay their bills, today’s proposals will drain lending away from Main Street families’ needs and priorities and further enrich the already wealthy on Wall Street and the top 10% of Americans they focus on serving," Dennis Kelleher, the president of Better Markets, said in a statement. "The banking agencies’ proposals to loosen capital rules are a victory for Wall Street lobbying, and claims to the contrary are nothing more than an attempt to mislead the American people."
Fed Gov. Michael Barr, who was nominated by former President Joe Biden, was the central bank board's lone dissenting voice against the new rules, a product of years of aggressive Wall Street lobbying for less stringent regulations in the wake of the Great Recession.
"Today's proposals, if adopted, would harm the resilience of banks and the US financial system," Barr warned in a statement. "There are suggestions that liquidity requirements could also be reduced. Additionally, Federal Reserve supervisory staff have been cut by over 30%, and supervisory practices have been weakened. Banking is built on trust. I worry greatly that these actions are rapidly eroding that trust."
The new deregulatory package, which will be subject to a 90-day public comment period before it's finalized, comes as President Donald Trump is waging an expensive and deadly war on Iran with no end in sight and attacking social programs at home, from Medicaid to nutrition assistance.
“With private credit markets cratering, AI transforming the workforce, and Trump’s Iran war threatening the world economy, we need healthy, resilient, well-capitalized banks," said Bartlett Naylor, an economist for the consumer advocacy group Public Citizen. "Lessons learned after millions lost their jobs, homes, and savings following the 2008 megabank crash must not be ignored."
"Trump’s bank regulators propose to tear at the already tissue-thin layer of solvency levels at the nation’s banks," said Naylor. "Lowering solvency standards won’t generate more loans; it will only send banks closer to failure."
Matt Stoller, an anti-monopoly researcher and author of the BIG newsletter, wrote that the juxtaposition of a quagmire in Iran, Wall Street deregulation, and millions of Americans losing health insurance "tells the story" of the Trump administration.
Today's WSJ front page tells the story of the Trump admin.
#1: Hegseth Says ‘No Time Set’ on Ending Operations in Iran
#2: U.S. Regulators Propose More Lenient Capital Rules for Big Banks
#3: Millions of Americans Are Going Uninsured Following Expiration of ACA Subsidies pic.twitter.com/26jKsQuNc4
— Matt Stoller (@matthewstoller) March 19, 2026
The effort to curb banks' capital requirements was spearheaded by Fed Vice Chair for Supervision Michelle Bowman, a Trump appointee whose nomination last year was criticized by watchdogs as a "gift to the banking industry."
Kelleher of Better Markets said Thursday that "such counterproductive, shortsighted, and wrongheaded rulemaking isn’t a surprise given that the interests of Wall Street’s biggest banks are driving the priorities at the banking agencies, rather than facts, merit, and the public interest."
"The worst is at the Federal Reserve, where the senior regulatory staff comes from Wall Street’s top DC lobbyist (the Bank Policy Institute), Goldman Sachs, and one of Wall Street’s top law firms (a former partner is now the director responsible for supervising and regulating his recent Wall Street clients)," Kelleher observed. "That’s why mindless deregulation, especially for the biggest Wall Street banks, is at the top of the agenda, just as it was in the years before the 2008 crash."