Markets plummet, a House revolt, and other big Washington news

President Trump’s tariffs have caused U.S. markets to plummet. How to prepare for a potential recession, and how the tariffs might have an outsized impact on a small African nation.Plus, Semafor’s Elana Schor joins to discuss major news from Washington this week including Sen. Cory Booker’s record-length speech, and a push for proxy voting in the House. Today’s episode was hosted by Shumita Basu.

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This episode was published on April 4, 2025.

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