LAVORGNA: Since April, Tariffs Have Brought In Nearly $100B. Consumer Prices? Up Less Than 1% Annualized, Auto Prices Down 2%. Apparel Flat, No Inflation Hit

Steve Bannon and Joe Lavorgna of the Treasury reviewed the state of U.S. economic policy, focusing on spending, tariffs, and deficit management. Lavorgna emphasized that recent tariff revenues, projected at $350 billion for the year, have yet to impact consumer prices, suggesting strong revenue inflows without inflationary pressure. They discussed the administration’s strategy to address unchecked government spending through rescissions, impoundments, and tighter fiscal oversight, highlighting ongoing concerns about multi-trillion-dollar deficits.

Lavorgna noted that while overall spending growth accelerated in previous years, the current administration is slowing the pace, aiming to reduce the deficit-to-GDP ratio toward 3–3.5%, a target supported by robust economic growth and tariff-generated revenue. The conversation also touched on the broader economic outlook, including capital equipment investments spurred by legislative measures like the "one big, beautiful bill,” which Lavorgna believes will boost supply-side capacity and enhance affordability over time.

Bannon and Lavorgna agreed that President Trump’s growing understanding of Washington’s spending mechanisms, coupled with strong Treasury analytics and policies, positions the administration for sustained economic improvement. Lavorgna concluded by highlighting Treasury’s proactive monitoring and encouragement for public engagement through his analytics platform, Livonianamic, reinforcing confidence in the administration’s fiscal management and forward-looking economic strategy.

GRENELL: The Woke Left Attacks Anyone They Can’t Control; Your Identity And Accomplishments Mean Nothing Unless You Submit To Their Ideology

Steve Bannon spoke with Ambassador Rik Grenell about the recent Kennedy Center honors and the broader effort to restore the institution from what Grenell described as "woke left” influence. Grenell emphasized that the Kennedy Center has never canceled a program under the current administration; instead, the focus has been on financial responsibility and programming that appeals to a broad audience. He explained that shows must be revenue-neutral or find sponsors to avoid deficits, and highlighted the success of productions like Les Misérables, which exceeded revenue projections.

Grenell criticized media coverage, particularly from the New York Times, for targeting honorees like Gloria Gaynor, a celebrated Black artist, while ignoring broader public sentiment about who should be recognized. He detailed the selection process, noting over 300 nominees considered by committees, with final approval involving the board chaired by President Trump. The president was intimately involved, personally recognizing each of the five honorees, which Grenell said elevated the prestige of the awards.

He stressed transparency, inclusivity, and fiscal responsibility, arguing that the Kennedy Center now welcomes all audiences regardless of politics. Grenell also shared his social media handles for followers to track his work and emphasized that the administration is serious about rejuvenating national institutions while maintaining a nonpartisan, results-driven approach.

KIMBALL: They Were Right To Be Worried About Donald Trump’s Return, He Is Changing Not Just DC Politics but Also The Identity Of America’s Institutions

Steve Bannon and Richard Kimball emphasized the critical importance of seizing control of America’s cultural institutions to restore the country’s narrative. Kimball criticized the Smithsonian for being simultaneously "woke” and "serious,” pointing out the contradiction: left-leaning ideology inherently distorts historical truth. He praised President Trump for issuing executive orders aimed at eradicating DEI programs and restoring accuracy and patriotism in federal and cultural institutions, noting recent reviews of Smithsonian exhibitions, selection criteria, and interpretive texts to ensure alignment with MAGA values.

Bannon highlighted that Trump’s approach is transformative, comparing it to Reagan’s accomplishments while noting that previous presidents left institutional elites largely untouched. By reshaping boards, staffing, and programming at places like the Kennedy Center and Smithsonian, Trump is reclaiming America’s institutional identity from self-appointed elites. The duo underscored the urgency: leftist control has long indoctrinated the public, celebrating radical narratives over traditional values.

Seizing these institutions is messy, Bannon admitted, but necessary — paralleling revolutionary tactics where controlling key structures shapes societal direction. The conversation concluded with a clear populist-MAGA call: support, participate, and help the administration purge and rejuvenate America’s cultural and educational institutions to reflect true American greatness.

BANNON: Gavin Newsom Wasn’t Going To Sit By While Texas Leadership Dragged Its Feet. The Regular Session Didn’t Get It Done. The First Special Session Didn’t Get It Done

ALEX SWOYER: In 2015, Kim Davis Became The Face Of Resistance To Same-Sex Marriage. Now She’s Asking The Supreme Court To Erase Her $200K Fine And Even Reconsider The Obergefell Ruling

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