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The Daily Punch
January 12, 2026

Can the Hill save the Fed?

President Donald Trump is escalating his fight with the Federal Reserve, opening a new front that’s rattling Republicans and testing the Fed’s independence. Can the Hill save the Fed?

Plus, Senate GOP leaders are pouring money into Texas as Sen. John Cornyn (R-Texas) fights for political survival.

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- Anna Palmer, Jake Sherman

The Daily Punch The Daily Punch

Presented by AstraZeneca

The 340B program was created to help patients. Instead, it’s helping hospitals earn massive profits. The 340B Rebate Model Pilot uses rapid verification of existing data to prevent duplicate discounts, strengthening program transparency and efficiency. Urge HHS to implement the Rebate Model Pilot and ensure 340B functions as intended. Get the facts.

Related
Defense: GOP’s tough love for contractors
Memo to leading defense contractors: Members of Congress are fed up and backing President Donald Trump’s efforts to reorient the industry.
Defense
Cornyn gets GOP cavalry, but is it enough?
Senate
The fight for the Fed’s future
Finance + Economy
Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by AstraZeneca

The 340B program is supposed to help vulnerable patients—but without strong safeguards, it’s siphoning away funds that could be used for free and charitable medicine. The 340B Rebate Model Pilot improves program integrity, preventing duplicate discounts and strengthening accountability. Urge HHS to implement the pilot today. Learn why it matters.

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