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PODCAST

Swamp Notes

Financial Times

Swamp Notes is the weekly US politics podcast from The Financial Times. Every Friday, host Marc Filippino talks to reporters in Washington as well as the FT"s veteran US political commentators and a cast of expert guests to explain what the latest moves in the Capitol mean for the economy, business and for people in America — and beyond. Subscribe and listen for incisive analysis, on-the-ground insights and a uniquely global perspective. Hosted on Acast. See acast.com/privacy for more

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All Episodes

20:14

How markets may be affecting US military action in Iran

Swamp Notes ·

2026/03/27

It’s hard to square US President Donald Trump’s circle. Earlier this week, he said his administration was speaking with Iranian officials. Stocks shot up, oil crashed. Then, Iran denied that talks were ongoing and the US ordered more troops to the Gulf. The FT’s foreign affairs correspondent Abigail Hauslohner and markets columnist Katie Martin explain the role markets play in why Trump’s messaging doesn’t align with his actions.Mentioned in this podcast:Iran’s military leaders dismiss Donald

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18:53

The AI revolt in Maga-land

Swamp Notes ·

2026/03/20

When it comes to data centres, the Trump administration has been urging AI companies to “build, baby, build”. But the White House’s agenda is facing resistance from an unlikely place: the very states that won Donald Trump the presidency.The FT’s Joe Miller went on a road trip to Missouri to talk to some AI sceptics.Mentioned in this podcast:Donald Trump’s AI push fuels revolt in Maga heartlandsSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino, and produced by

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23:49

The Bethlehem Project: The housing domino effect

Swamp Notes ·

2026/03/18

The US housing market is in a crunch. It’s more unaffordable than ever before to buy a home, and the average age for first-time buyers across the country is now 40, according to the National Association of Realtors. Not only is that making it harder for people to own property, it’s also putting pressure on the rental market.Host Sonja Hutson travels to Bethlehem, Pennsylvania to get a better picture of how we got here, and how residents are dealing with the high cost of shelter.Mentioned in this

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1:09

Introducing Untold: Opus Dei

Swamp Notes ·

2026/03/16

Introducing Opus Dei, a new season of Untold from the Financial Times. Host Antonia Cundy uncovers the cultural and political influence of a controversial Catholic organisation in America. Opus Dei exists to help people get closer to God, but some members say they found other agendas – and unexpected harm – entangled in that spiritual mission. The first episode of Untold: Opus Dei launches March 25.Listen on Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts. Hosted on Acast

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24:12

The economic fallout of the Iran war

Swamp Notes ·

2026/03/13

The US and Israeli war with Iran has expanded across the Gulf. Iran has effectively shuttered the Strait of Hormuz, sending the prices of oil and liquefied natural gas way up. The economic realities of the conflict could pose a problem for President Donald Trump, who was elected in part because of his promise to make life more affordable for Americans. The FT’s Myles McCormick and Sam Fleming explain what consequences the war against Iran will have for the global economy.Mentioned in this

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20:45

Trump’s ‘war of whim’ in Iran

Swamp Notes ·

2026/03/06

US President Donald Trump started a war with Iran last week. The American and Israeli bombing campaign has killed more than a thousand people, according to Iranian state media. Iran’s retaliatory strikes threaten to cut off all energy exports in the coming days.The FT’s US national editor Edward Luce and US foreign affairs correspondent Abigail Hauslohner explain how that war is changing Washington and America’s allies.Mentioned in this podcast:Donald Trump has no ‘phase two’ plan for Iran war, says

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21:32

What the State of the Union means for the US midterm...

Swamp Notes ·

2026/02/27

On Tuesday, US President Donald Trump gave what is likely to be his most viewed remarks of the year. He spent little time on his most controversial decisions, instead focusing on economic issues and immigration that have appealed to voters in the past. But, at a point when Trump’s approval ratings are dropping, what does his speech mean for the looming midterm elections? The FT’s deputy Washington bureau chief Lauren Fedor and Jon McHenry, vice-president of the polling firm North Star Opinion

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21:47

Maha’s big reversal and a Scotus decision on tariffs

Swamp Notes ·

2026/02/20

The US Food and Drug Administration last week said it would not consider a new flu vaccine for public distribution. But a few days later, it changed course. Is that reversal part of a larger change in the Trump administration’s efforts to ‘Make America Healthy Again’? The FT’s US Pharmaceuticals Correspondent Patrick Temple-West and US Managing Editor Brooke Masters explain. Plus, the FT’s James Politi decodes the Supreme Court’s decision on Trump’s sweeping tariffs.Mentioned in this podcast:Trump

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18:34

Trump’s starring role in the Warner Bros fight

Swamp Notes ·

2026/02/13

Netflix and Paramount, two large American media companies, are fighting to purchase Warner Bros Discovery. Now, US President Donald Trump and the Department of Justice are getting involved. The FT’s Los Angeles bureau chief Christopher Grimes and US deals and activism correspondent Oliver Barnes explain the president’s connections to both potential buyers and the legal scrutiny facing those companies.Mentioned in this podcast:Activist investor takes aim at Warner Bros deal with NetflixDonald Trump’s

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18:56

The political cost of America’s surging electricity...

Swamp Notes ·

2026/02/06

US President Donald Trump gathered a robust coalition of voters in 2024, in part, on the promise of slashing electricity bills. But now, more than a year after his return to the Oval Office, prices are on the rise. The FT’s US energy reporter Martha Muir and US economic correspondent Myles McCormick examine why those costs are ticking up and how that might affect November’s midterm elections.Mentioned in this podcast:The political cost of America’s surging electricity billsSign up for the FT’s Swamp

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25:08

Trump’s immigration climbdown. Plus, a new Fed chair?

Swamp Notes ·

2026/01/30

A 37-year-old demonstrator, Alex Pretti, was killed by border patrol agents in Minnesota last week. His death sparked international outrage. It also prompted the Trump administration to back down from its most strenuous immigration enforcement positions. The FT’s Washington bureau chief James Politi and deputy Washington bureau chief Lauren Fedor look ahead at what the administration’s pivot could mean for deportations and the president’s remaining time in office. Plus, the FT’s US economics editor

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30:05

The Bethlehem Project: America's affordability squeeze

Swamp Notes ·

2026/01/29

An affordability crisis is sweeping through the US. High prices of food, rents and healthcare are forcing Americans to cut back on necessities. This comes as President Donald Trump’s administration is curbing government support. Sonja Hutson visits Bethlehem, Pennsylvania, and the surrounding Lehigh Valley, and learns how residents are trying to make ends meet.Mentioned in this podcast:‘Scraping for crumbs’: Americans squeezed by affordability crisisInside Trump’s AmericaSwamp Notes: The Bethlehem

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19:25

Trump’s bid to remake the world order

Swamp Notes ·

2026/01/23

Before his trip to Davos this week, Donald Trump threatened tariffs, and even hinted at using military force, to take over Greenland. The US president’s fixation ripped open a diplomatic wound that has been growing steadily over the past year. The Council on Foreign Relations' Benn Steil and the FT’s US foreign affairs correspondent Abigail Hauslohner explain how this week may have reshaped the western world permanently.Mentioned in this podcast:‘Waiting for the king’: how Trump dominated DavosBroad

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18:12

Can states stop Trump's immigration raids?

Swamp Notes ·

2026/01/16

State governments and many activists are pushing back on the federal government’s mass immigration raids. In response, US President Donald Trump threatened to use the Insurrection Act to quell protests in Minneapolis. The FT’s US national correspondent Guy Chazan and US legal correspondent Stefania Palma describe how this tension is changing the relationship between local leaders and the Trump administration.Mentioned in this podcast:‘Anger, grief and tear gas:’ outrage in Minnesota after ICE

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21:21

Why Trump wants to ‘run’ other countries

Swamp Notes ·

2026/01/09

After a military operation to capture Venezuela's leader, the Trump administration is seeking influence over other regions across the western hemisphere. The FT’s national editor Edward Luce and US-Europe foreign affairs correspondent Amy Mackinnon share their insights on how Trump and his cabinet have come to embrace the idea of foreign intervention.Mentioned in this podcast:Trump really wants GreenlandUS says using military is among ‘options’ to acquire GreenlandHow the US’s audacious operation to

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21:36

The biggest predictions in politics next year

Swamp Notes ·

2026/01/02

The FT’s Lauren Fedor and Derek Brower look back on the moments that stood out in 2025 and offer their predictions for what’s to come in the new year.Mentioned in this podcast:Forecasting the world in 2026Email Marc with your questions (Marc.Filippino@FT.com)Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre

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50:42

Political Fix: Quizmas special

Swamp Notes ·

2025/12/26

This is an episode of Political Fix, the FT weekly podcast that takes you into the corridors of Westminster to unwrap, analyse and debate British politics with a regular panel of FT correspondents.Can you name all the Labour frontbenchers who resigned or were sacked during the past year? Why was Peter Mandelson delayed from returning to the UK after being sacked as US ambassador? And who will be crowned Political Fix’s Wonk-in-Chief? Find out as host George Parker puts the entire podcast panel -

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16:15

Congress’ healthcare fight carries big consequences

Swamp Notes ·

2025/12/19

Four Republican members of the US House of Representatives broke ranks and supported Democrats this week to force a vote on healthcare spending. The FT’s US national correspondent Guy Chazan and deputy Washington bureau chief Lauren Fedor explain the ticking clock Congress is facing down on health insurance, and what will happen to Americans if prices increase dramatically.Mentioned in this podcast:‘A full-blown crisis’: Americans brace for a surge in healthcare costsUS healthcare costs set to leap

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19:12

The Bethlehem Project: Being young in Trump’s America

Swamp Notes ·

2025/12/16

High school is a time of massive change in any teenager’s life. But students today are going through this transition period at a time when the US is more polarized, there's a lot of economic anxiety and teens are far more plugged into social media than ever before. Host Sonja Hutson and FT data reporter Ian Hodgson went to a high school in Bethlehem to get a sense of what it's like growing up in Donald Trump's America.Mentioned in this podcast:Anxious and disillusioned: being young in Trump’s

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20:17

US uses private data to track immigrants

Swamp Notes ·

2025/12/12

A new FT investigation maps out the web of data brokers, private companies and government agencies that federal agents are using to help with their mass deportations. The FT’s Peter Andringa and Stefania Palma explain how corporate entities have created a surveillance network that can track immigrants across the country.Mentioned in this podcast:Trump’s immigration data dragnetUS criminal immigration cases overtake drug and fraud prosecutionsEmail Marc with your questions (Marc.Filippino@FT.com)Sign

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55 results

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