In conservative economics, cuts to social services are often seen as necessary to shrink the expanding deficit. Donald Trump’s budget bill is something altogether different: it cuts Medicaid while slashing tax rates for the wealthiest Americans, adding $6 trillion to the national debt, according to the Cato Institute. Janet Yellen, a former Treasury Secretary and former chair of the Federal Reserve, sees severe impacts in store for average Americans: “What this is going to do is to raise interest rates even more. And so housing will become less affordable, car loans less affordable,” she tells David Remnick. “This bill also contains changes that raise the burdens of anyone who has already taken on student debt. And with higher interest rates, further education—college [and] professional school—becomes less affordable. It may also curtail investment spending, which has a negative impact on growth.” This, she believes, is why the President is desperate to lower interest rates; he has spoken of firing his appointed chair of the Federal Reserve, Jerome Powell, whom he has called a “numbskull” and a “stupid person,” and installing a more compliant chair. But lowering interest rates to further political goals, Yellen says, “are the words one expects from the head of a banana republic that is about to start printing money to fund fiscal deficits. … And then you get very high inflation or hyperinflation.”

Plus, “rarely have so many members of Congress voted for a measure they so actively disliked,” Susan B. Glasser noted in her latest column in The New Yorker, after the passage of a deficit-exploding Republican budget. Millions of people will lose access to Medicaid—a fact that the President lies about directly—and many trillions of dollars will be added to the deficit. Interest payments on the federal debt will skyrocket, and Trump is so desperate for lower interest rates that he seems poised to fire his own chair of the Federal Reserve and install a compliant partisan to head the heretofore independent central bank. “Anybody panicking about that in Washington?” David Remnick asks Glasser. “I think we are the boiled frog,” she replies. “We are almost panic-immune at this point, in the same way that Donald Trump has, I think, inoculated much of America against facts in our political debate. Even inside of Washington, there's so many individual crises at one time it’s very very hard in Trump 2.0 to focus on any one of them.”

Florida Governor Ron DeSantis has shown himself uniquely skilled at attracting attention beyond the borders of his home state.  Just this month, DeSantis blocked state funds for the Tampa Bay Rays stadium after players voiced support for gun control in the wake of the mass shooting in Uvalde, Texas.  He’s also continuing a fight to punish the Disney Corporation for criticizing Florida’s so-called Don’t Say Gay law.  An Ivy League-educated anti-élitist firebrand, he is willing to pick a fight with anyone—reporters, health officials, teachers, Mickey Mouse—to grab a headline. DeSantis “practically radiates ambition,” the staff writer Dexter Filkins tells David Remnick. “He sounds like Trump, except that he speaks in complete sentences. … He’s very good at staking out a position and pounding the table and saying, I’m not giving in to the liberals in the Northeast.” Yet despite having been anointed by Donald Trump in his primary election, DeSantis has refused to “kiss the ring,” and many see DeSantis as a possible opponent to Trump in a 2024 Republican primary.

Michael R. Jackson’s Tony and Pulitzer Prize-winning musical “A Strange Loop” features a Black queer writer named Usher, who works as an usher, struggling to write a musical about a Black queer writer. Jackson’s work tackles the terror of the blank page alongside the terrors of the dating scene, and it speaks in frank and heartbreaking terms about Usher’s attempt to navigate gay life among Black and white partners. Hilton Als talked with Jackson about how he found inspiration in his own experience seeking identity and community. “I started writing the original monologue—building a sort of life raft for myself—to understand myself,” Jackson said. “It wasn’t until I got to a place of understanding that in my life I was caught up in a loop of self-hatred, that I could see what Usher’s problem was, and therefore what the structure of the piece was that would lead him out of that and into a better place.”

“A Strange Loop” is playing now at the Lyceum Theatre, on Broadway.