Jeff Stein

Jeff Stein

@jeffstein.bsky.social

Reporter @ The Washington Sun. Formerly chief econ correspondent @ The Washington Post. Founder Ithaca Voice. Writing a biography on Bernie Sanders.

63.9K followers414 following258 posts

Robert Weissman, of Public Citizen, told The Sun that an impartial Justice Department would look at unlawful transfers of money between federal agencies, improper use of taxpayer resources for campaigning, contracting arrangements benefiting family, and a range of behavior toward immigrants

Jeff Stein reposted

News: The Trump administration is getting ready to move forward w/ garnishing wages & benefits of defaulted student loan borrowers after an internal dispute b/w Treasury, OMB & Ed “This is not who you think it is. The demographics are not good for us" www.washingtonsun.com/economy/trum...

washingtonsun.comTrump Aides Are Getting Ready to Penalize Defaulting Student Loan BorrowersTreasury officials are seeking ways to minimize the impact on vulnerable borrowers.

News: The Trump administration is getting ready to move forward w/ garnishing wages & benefits of defaulted student loan borrowers after an internal dispute b/w Treasury, OMB & Ed “This is not who you think it is. The demographics are not good for us" www.washingtonsun.com/economy/trum...

washingtonsun.comTrump Aides Are Getting Ready to Penalize Defaulting Student Loan BorrowersTreasury officials are seeking ways to minimize the impact on vulnerable borrowers.

Scoop: 4 anonymous accounts that perfectly correspond w/ Trump & sons’ holdings have taken first step to enable offloading of family’s own crypto, records show Could be worth billions of dollars Meanwhile, retail investors have lost +$1B www.washingtonsun.com/donald-trump...

washingtonsun.comIs the Trump Family Preparing to Cash Out on Its Own Crypto?President Donald Trump and his three sons have taken a step that would permit them to sell World Liberty Financial’s digital tokens.

The researcher who quit Anthropic: "It's more like the U.S. and China are both facing contact with an alien species, and there’s a choice between fighting each other to build stronger aliens on our respective sides versus banding together against the aliens." washingtonsun.com/technology/j...

washingtonsun.comJacob Coxon, the Anthropic Researcher Who Quit, Explains Why NowBeing a sci-fi lover led Coxon to work on artificial intelligence. The culture of the industry left him “a bit hopeless.”

Jeff Stein reposted

I think this is good. The masthead has a lot of great names. I hope it gets traction.

Jeff Stein@jeffstein.bsky.social

🌞🌞🌞🌞🌞 Big news: The Washington Sun launches w/: — Huge investment in DC & local reporters — Legend Tom Sietsema — Capital Weather — Newsroom of +100, w/ great reporters (& me) Comes after Bezos's enormous cuts to WaPo To support, sign up for (free!) newsletter: washingtonsun.com/newsletters

Scoop: OpenAI CEO Sam Altman privately told a group of conservatives that he did not support having the government take shares in the company, distancing himself from a proposal that he and his firm were widely understood to have supported, per sources and notes washingtonsun.com/technology/s...

washingtonsun.comSam Altman Privately Rejected Giving OpenAI Shares to the GovernmentThe remarks follow months of reports connecting Altman to the idea of giving the government equity in his company.

Scoop (from ysd that I forgot to post here): Billionaire Stanley Druckenmiller told me his op-ed attacking Bessent was written by AI “There’s a reason I moved from an English major to being an economics major ... I'm not embarrassed," he says WSJ standing behind it www.notus.org/media/stanle...

notus.orgBillionaire Stanley Druckenmiller’s WSJ Op-Ed Criticizing Bessent Was Written With AI“I write everything using AI now,” Druckenmiller, who questioned the treasury secretary’s bond market interventions, said.

Is it just me or does it feel like we're kind of stuck in a time warp where almost every story for 9 years has been various iterations of the same inauguration photo crowd size story

Jeff Stein reposted

“For the first time in history, a president is leaning on a bank regulator to give his private enterprise the implicit backing of the federal government,” said Corey Frayer, the director of investor protection for Consumer Federation of America www.notus.org/economy/trum...

notus.orgTrump’s Family Crypto Firm Is Expected to Get Federal Banking PrivilegesTrump-appointed bank regulators’ crypto-friendly approach is likely to extend to World Liberty Financial, despite ethics concerns.

New: Trump’s family crypto business expected to soon be allowed to operate like a bank Decision will be made by Trump-appointed regulation Charter approval would allow US companies to complete transactions - like Venmo - on Trump platform, with cut for the firm www.notus.org/economy/trum...

notus.orgTrump’s Family Crypto Firm Is Expected to Get Federal Banking PrivilegesTrump-appointed bank regulators’ crypto-friendly approach is likely to extend to World Liberty Financial, despite ethics concerns.

David Wachsman, a spokesperson for World Liberty Financial, said “none of its leadership or employees work for the U.S. government, and there are no conflicts of interest.” Trump co-owns the company w/ his sons and reported personally earning $57 million from it - likely now much more

New: Trump’s family crypto business expected to soon be allowed to operate like a bank Decision will be made by Trump-appointed regulation Charter approval would allow US companies to complete transactions - like Venmo - on Trump platform, with cut for the firm www.notus.org/economy/trum...

notus.orgTrump’s Family Crypto Firm Is Expected to Get Federal Banking PrivilegesTrump-appointed bank regulators’ crypto-friendly approach is likely to extend to World Liberty Financial, despite ethics concerns.

Truly an enormous amount of confusion about Bernie Sanders' AI plan on here. The idea is not for the government to *buy* shares in the AI firms, but to *take* them. There are interesting criticisms but the one that taxpayers will be left holding the bag is one I do not understand - there is no cost

Do people understand how taxes work ???

Goofrider@goofrider.bsky.social

Spending taxpayers money to buy up 50% of AI companies' equity at the height of their bubble phase. What could possibly go wrong?

EXCLUSIVE | Senior US officials have privately discussed taking equity shares in some of the largest AI companies The idea was pitched to Trump directly by OpenAI CEO Sam Altman & has surfaced more recently as well My first big story after leaving da Washington Post: www.notus.org/technology/t...

notus.orgSenior U.S. Officials Eye Government Shares in AI GiantsAn agreement to give the U.S. government equity stakes in AI companies could have seismic consequences.

Just to be clear this is for *the US government* to take equity shares Steve Bannon tells me he agrees with Bernie Sanders — a small equity share is not enough, it should be +50% and government control

SCOOP: The Pentagon asked the White House today for more than *$200 billion* for Iran war supplemental, sources say Some in WH think Congress won't support b/c it's so big Will tee up giant battle in Congress My last story for WaPo: www.washingtonpost.com/national-sec...

washingtonpost.comPentagon seeks more than $200 billion in budget request for Iran warThat figure would far surpass the costs of the U.S. airstrike campaign to date and aims to boost production of critical weapons depleted in the conflict, people familiar with the matter said.

If you’re someone who wants to chat — inside government, outside government, reader/potential reader, or just someone interested in da news — feel free to reach out on Signal: 9178872891

Jeff Stein@jeffstein.bsky.social

Some personal news: This is my last week at The Washington Post. I’ve loved so much of the last 9 years here, but my faith in the paper’s current leadership is broken beyond repair. Incredibly excited to get to work w/ the newsroom below (I start in June) Get in touch on Signal : 9178872891

Some personal news: This is my last week at The Washington Post. I’ve loved so much of the last 9 years here, but my faith in the paper’s current leadership is broken beyond repair. Incredibly excited to get to work w/ the newsroom below (I start in June) Get in touch on Signal : 9178872891

max tani @maxtani.bsky.social

As we first reported in last night's @semafor.com media newsletter, NOTUS is rebranding/dramatically expanding. In a memo to staff this morning, the organization said it plans to "launch this new version of NOTUS under a new name" and double staff from 50 to 100.

New: Bernie Sanders to unveil $4.4 trillion tax on America's ~1,000 billionaires, saying it would pay for: — Medicare to cover dental/vision/hearing — Teacher pay at $60K/yr min. — $3K/person checks (under $150K/yr) — Universal childcare — Housing expansion www.washingtonpost.com/business/202...

washingtonpost.comSanders pitches $4.4 trillion tax on billionaires, in 2028 markerThe measure comes as Democrats began to jostle ahead of the upcoming presidential primary.