Victoria Guida

THE THREAD TO END ALL THREADS. (Just kidding. Y’all know I’ll never stop doing threads.) Someone asked me to consolidate a bunch of my explainer threads into once place. Here are some I remember doing, and I suppose I could add to this over time:

Great news for Playbook but especially happy for @meganmesserly, who is the best

The gap *within* The House is stunning. You have people who spend their days online or trying to go viral online. And you also have folks trying do the work. When Longworth and Garner were first elected to Congress nearly a century ago, they had little in common. Longworth was an aristocratic Republican from Cincinnati; Garner, a Democrat, was a prickly country lawyer from South Texas known as “Cactus Jack.” The served in Congress together and eventually became leaders of their respective parties, where they spent their days fighting each other. But every day at 5 p.m., they met up in Room 128 on the first floor of the Capitol where they “struck a blow for freedom,” Hill told us. That meant: they had a drink together. Hill said the relationship between the Longworth and Garner was a key lubricant to making Congress work back then. Hill has sought to revive that tradition with what he calls the “Longworth-Garner Dinner” series. Every few weeks, Hill invites a pair of his Republican colleagues and a pair of Democratic lawmakers to his house for a home-cooked meal and conversation. “It’s a way to build relationships,” Hill told us. “And those relationships have been integral to the work that I’ve done in the House – without any question about it.”

All the president's guests dlvr.it/TTcNpY

In this week’s MM Capital Risk, @mstratford & I dig into what’s next in the fight between banks & fintech/crypto over your data + @samjsutton interviews @zcolman on the resurgence of green groups and writes on why the good inflation data may be old news politico.com/newsletters/mo…

This brings me back politico.com/story/2018/01/…

Some Democratic lawmakers are warning that the Fed's policy of saying less could give Wall Street insiders an unfair edge. via me and @AidenReiter politico.com/news/2026/07/1…

The Trump administration is exploring how to launch a new student loan program — without the Education Department, an agency the president has promised to dismantle. via @Becca_Carballo politico.com/news/2026/07/1…

@BrendanPedersen This is such an interesting stat!

Wall Street banks are not gobbling up community banks. Per the FDIC, the vast majority of community banks have been purchased by other community banks since 2008.

News- Senators will meet with President Trump on Thursday afternoon to discuss progress on a sweeping crypto regulatory bill, Sen. Moreno told me. Senators will give Trump an update on the Clarity Act and its “path to success.” politico.com/live-updates/2…

Thune this morning tells me he hopes to put CLARITY on the floor before August recess Also asked if he has to have a deal with Dems first or if he'll put it on the floor regardless-- signals he'd be willing to do the latter: "At some point, we’ll vote on it, yeah." Some Banking Rs want Thune to put a bill on the floor even if Dems aren't bought in yet

Think the S&P 500 Looks Cheap? Read the Fine Print (Or, What is the S&P 500’s P/E ratio? It depends on who is defining the ‘E.’) | My latest @WSJ @WSJHeard wsj.com/finance/stocks…

I write in today’s Morning Money about the hawkish game Kevin Warsh is playing politico.com/newsletters/mo…

Nick being classy about the fact that his reporting was described inaccurately and then maligned at a hearing today (which would drive me nuts)

Kevin Warsh on today’s inflation data: “There might be some that look at this morning’s data and say, ‘Oh, mission accomplished. Everything is swell.’ That is not my view.” politico.com/news/2026/07/1…

My main takeaway from this hearing is that Congress -- unsurprisingly -- isn't sure what to make of Fed Chair Warsh yet. Tone, line of questioning, all cautiously feeling him out.

Interesting tidbit in MM today from @pswagel, who stopped by POLITICO's office politico.com/newsletters/mo…

I have watched a decade of hearings where Fed chairs do their semiannual monetary policy testimony, and this might be the most I've ever seen lawmakers actually ask about monetary policy

Warsh on the task forces: "They get to share their views first" with the FOMC. But "there's going to be nothing held in secret here"

Kevin Warsh’s first statutorily mandated hearing as Fed chair #humphreyhawkins

Brutal showing by IBM. The direct acknowledgment that clients have shifted AI capex spend toward core infrastructure — the question is how long the “reprioritization” lasts.