Sam Sutton
@samjsutton
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POLITICO Morning Money. Formerly POLITICO New Jersey. Bay Area native. RTs and Likes ≠ endorsements. email: [email protected] Signal: 925.216.7576
Manhattan, NY
Joined June 2010
Brilliant @samjsutton dispatch from Riyadh On how MAGAnomics is converging with Saudi Arabia's "authoritarian speedrun toward the cultural aesthetics of a Sun Belt suburb" https://t.co/3wBhazIr4L
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I spoke with Michael Steinberger about Alex Karp for @POLITICOMag:
politico.com
A conversation with an author who had a six-year-long window into the most interesting MAGA conversion in Silicon Valley.
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If there’s any agita in the United States around how Trump has blurred the lines between private enterprise, political activity and government, it’s a familiar dynamic in the Gulf. New from me in @POLITICOMag
politico.com
Top-down state capitalism is on the rise in both countries.
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FHFA Director Bill Pulte says Fannie Mae and Freddie Mac are looking at ways to take equity stakes in technology companies. @pat_clark
https://t.co/MavYevSqg1
bloomberg.com
Bill Pulte, the director of the Federal Housing Finance Agency, said that Fannie Mae and Freddie Mac are looking at ways to take equity stakes in technology companies.
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From sovereign wealth funds to family ties, investors think Trump’s economic model is borrowing a lot from Saudi Arabia. Our @samjsutton reports from an investor conference in Riyadh that showcases the rise of top-down state capitalism in both countries: https://t.co/hqTE9vDEu2
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In this week’s Morning Money: Capital Risk, @mblanchfield and I dig into Canadian PM Mark Carney’s push to lure investors looking to diversify away from the U.S. https://t.co/XKeKgqvFvo
politico.com
Donald Trump is using the full force of his presidency to push companies to invest in American manufacturing. Canadian Prime Minister Mark Carney is bragging that his country is a better place for...
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Finally got “state capitalism” and “smack that” in the same story
politico.com
Top-down state capitalism is on the rise in both countries.
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SCOOP: Pelosi had two announcement videos ready. Only one saw daylight. https://t.co/ZMpNHjDeow w/ @nicholaswu12 @politico
politico.com
The first female speaker of the House announced Thursday that she won’t run for another term in 2026, ending months of speculation in her hometown of San Francisco.
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It’s an outcome that many on Wall Street had recoiled at, but the panic that seized financial leaders after Zohran Mamdani upset former Gov. Andrew Cuomo in the Democratic primary in June has faded into something closer to acceptance. W/@AidenReiter
politico.com
The capital of global finance will wake up this morning to the reality that a self-avowed democratic socialist is about to become its next mayor.
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Big team effort on Capital Risk this week with @vtg2 and the incomparable @JanakiChadha -> 'Running for the hills’: NY landlords brace for Mamdani. Plus, @meganmesserly on Trump's China detente and @gbenga_ajilore on the SNAP spillover from the shutdown
politico.com
The pledge Mamdani’s most famous for is the one that’s most within his control: instituting a rent freeze for the city’s more highly regulated housing properties.
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Sen. John Kennedy (R-La.) has thrust Travis Hill's nomination to lead the FDIC into limbo Kennedy says he won't support Hill unless he hears more about his efforts to improve the agency's workplace culture @mstratford
https://t.co/W71f2bYyB1
politico.com
Opposition from Sen. John Kennedy (R-La.) could threaten Travis Hill’s path out of committee if all Democrats on the panel vote against him.
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Dispatch from KSA: Where Wall Street’s learning to love the Trump admin’s private sector plays in the friendly confines of the Ritz-Carlton and King Abdulaziz International Conference Center https://t.co/uvf7XsdEQv
politico.com
The U.S. government is $38 trillion in the hole. Bill Ackman isn’t sweating it.
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There've been a lot of bizarre moments on this work trip to Riyadh but hearing Kirill Dmitriev - who leads Russia's SWF - use his public remarks to pitch Moscow as a destination for Middle Eastern tourists is up there: “I’m not going to compare it to London but it’s nice place.”
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I’ll be here for the next couple days. If you’re in town and want to talk about where things are headed, let me know. ssutton@politico.com
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Greetings from Riyadh. In the run up to FII, a pressing matter on everyone’s mind will be figuring out how to pay for Gaza’s reconstruction — and what the payors will ask for in return.
politico.com
With deficits growing in the U.S., and little appetite from either political party to dial things back, long-dated Treasury yields will see less relief from Fed cuts than short-term rates.
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Trump taps crypto regulator Mike Selig as new CFTC chair nominee
politico.com
Selig’s selection comes after Brian Quintenz’s nomination ran into resistance from MAGA donors Tyler and Cameron Winklevoss.
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Accidentally took a haunting but still beautiful photo of Richard Kind on the Upper West Side for a vacant storefront story.
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Trump pardons crypto billionaire Changpeng Zhao
politico.com
The pardon marks the latest example of the abrupt U-turn Washington has taken on digital assets since Trump's inauguration.
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The crypto industry has spent hundreds of millions of dollars to get its way in Washington But when it comes to the top item on their 2025 wish list, crypto CEOs are finding that they need one thing money can’t buy: more time @declanharty @meredithllee
https://t.co/a4YqN6NJlq
politico.com
Legislation establishing crypto-friendly regulation is a long-pending priority for the digital assets industry in Washington.
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Fine, I’ll say it: Will Dems ever stop swooning ? https://t.co/LvUTTTYAhb
politico.com
Democrats keep falling for charismatic newcomers and viral candidates — and it keeps costing them elections.
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