Deal or No Deal
Saturday, May 2, 2026
Vol. 15, No. 2367
NO DEAL: President Trump yesterday told reporters he doesn’t like the latest peace deal that Iran offered. “Iran wants to make a deal because they have no military left, essentially, and they want to make a deal but I’m not satisfied with it.”
In the absence of a peace agreement, or even direct talks, Trump said; “There are options. Do we want to go and just blast the hell out of them and finish them forever? Or do we want to try and make a deal. That’s the options.”
Trump also said he’s going to ignore the War Powers Act that requires congressional approval after 60 days of military action. “Nobody’s ever gotten it before. They consider it totally unconstitutional,” he said. He didn’t say who “they” are. Trump went on, “Nobody’s ever sought it before. Nobody’s ever asked for it before. It’s never been used before. Why should we be different?”
But he also sent a letter to Congress saying, “The hostilities that began on February 28, 2026, have terminated.”
Amid reports that the Pentagon has seriously depleted its arsenal in Iran, Trump denied it. “We’re stocked and locked and loaded right now. We have more than double what we had when this started,” he said.
Contrary to the President, the Center for Strategic and International Studies says that the US has fired 45 percent of its Precision Strike Missiles, half its ballistic missile interceptors, and half the Patriot air defense interceptor missiles. With the length of time it takes to build and deliver these systems, the Pentagon could not possibly have more than when the war started.
GROUNDED: Spirit Airlines, a pioneer in low cost air travel struggling in bankruptcy for years, has finally been shot down by high fuel prices caused by the Iran war. Spirit wound down operations overnight.
Earlier this year Spirit was flying as many as 3 ½ million passengers a month.
Spirit had been a profitable no-frills carrier for years but competition and rising costs brought them down from the heights. The Biden administration blocked a merger with Jet Blue, saying it would be anti-competitive.
Spirit had hoped to emerge from its second bankruptcy this summer. The Trump administration had offered a $500 million lifeline but the airline and the government could not reach agreement on terms.
TO YOUR HEALTH: Millions of Americans abandoning their healthcare insurance following the decision in Congress to stop subsidizing Obamacare. The end of subsidies made insurance unaffordable for millions.
Initial applications for insurance are down by 1.2 million according to the insurance companies. The companies and analysts say that the overall number of insured under Obamacare is down by 20 percent. One company says it will be down by 26 percent at the end of the year.
INFINITE SCROLL:
— In a snit with German Chancellor Friedrich Merz over the Iran war, President Trump and the Pentagon announced that they are pulling 5,000 troops from Germany and redeploying them to the US and other posts overseas.
Earlier this week Merrz said Iran had “humiliated” the United States and he questioned how Mr. Trump planned to end the conflict. He said, “The Americans obviously have no strategy.” Trump responded by going on social media threatening to draw down troops in Germany.
— Little known to most Americans, President Trump is proceeding with his plans to build a “National Garden of American Heroes” in an area of Washington park land that would include reflecting pools, dining facilities, an amphitheater, and 250 life-size statues of notable Americans.The project has yet to be approved by Congress.
IT’S POLITICAL: Alabama Gov. Kay Ivey joined other state Republican leaders in calling a special session of the legislature to redraw congressional districts following the Supreme Court decision striking down a key part of the Voting Rights Act that protected minority voters.
Alabama currently has a court-ordered map with two congressional districts that give Black candidates a good chance of winning.
CBS WATCH: “60 Minutes” correspondent Sharyn Alfonsi said during an awards ceremony at the National Press Club in Washington that she’s concerned about “the spread of corporate meddling and editorial fear” at CBS News . She said that she doesn’t know whether she’ll be fired after resisting an order by editorial chief Bari Weiss to change her December segment on Venezuelans imprisoned at the brutal Cecot prison in El Salvador.
“Some executives are asking not, ‘Is the story true?’ But, ‘Is it good for business?’” Alfonsi said.
Critics have accused CBS News of becoming more political, openly pro-Israel, and more Trump friendly under Weiss. CBS fired its London bureau chief this week after she had clashed with Weiss demanding balanced coverage of the conflict between Israel and Palestinians.
THE SPIN RACK: A federal appeals court yesterday ruled to stop the ability of abortion providers to remotely prescribe abortion pills and send them to patients by mail, blocking a major resource for women seeking abortions in states where it is not legal. The ruling comes out of a lawsuit filed by the state of Louisiana claiming that abortion by mail skirts the state’s abortion ban. — Bard College President Leon Botstein, who has run the school in the Hudson River Valley for 50 years, announced he would retire following revelations about his dealings with sex trafficker Jeffrey Epstein. Botstein, who took over Bard when he was 28, has said his relationship with Epstein was strictly about raising money. — The directors of Camp Mystic, the Texas Christian summer camp for girls where 25 children and two counselors died in flooding last summer, withdrew their application to re-open this year. They have been under fire for not having an adequate evacuation plan for the camp right on the Guadalupe River.
BELOW THE FOLD: The Air Force says that the Boeing 747 given to President Trump by Qatar will be ready to fly as Air Force One this summer. Presumably they have swept it for bugs.
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