President Joe Biden's son Hunter has cut a deal to plead guilty to two misdemeanor tax offenses, while a third charge of illegally possessing a weapon (after lying about his drug use on a form) has also been filed but will be withdrawn if Hunter successfully completes two years of probation. Hunter Biden will likely avoid any prison sentence as a result of the plea deal.

Republicans reacted predictably, decrying it as a "sweetheart deal," while there were zero Democrats out there screaming about Hunter being charged as part of a "witch-hunt" or swearing up and down that it was fully legal for Hunter to do these things. That's the difference between the parties in a nutshell: Democrats support the rule of law even when one of their own is caught, while Republicans want the book thrown at all Democrats while giving a free pass to all Republicans for all crimes.

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Donald Trump was interviewed on Fox News last night by Bret Baier, and to say it did not go well for Trump is a vast understatement. It was so bad it left me actually feeling sorry for his defense lawyers. It is, after all, pretty hard to present a coherent legal defense in a court of law when your client essentially goes on national television and admits that the worst charge against him is true. No wonder Trump's lawyers keep quitting, to put this another way.

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President Joe Biden got some good economic news this week, as the official inflation rate fell to only 4.0 percent. This is down from last year's high of 9.1 percent, and is a significant achievement. Most economists will tell you that's still a bit too high and that 2.0 percent is the goal they're shooting for, but 4.0 percent is getting pretty close to that goal, you have to admit.

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The flag is back in the news, also in a fairly minor way. The conservative fake-rage machine cranked up into high dudgeon mode this week over a celebration of Pride Month at the White House, which included a display of the current iteration of the "rainbow flag" that has long been a symbol of the struggle for L.G.B.T.Q. rights. They complained about the pride flag being displayed at all, and a subset of them got fake-irate over a "violation of the U.S. Flag Code" (which it actually wasn't, as there was another U.S. flag being flown above, on the roof of the White House).

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There were two notable deaths in the world of politics today, both of which inspire such strong negative feelings within me that I have to step outside the norm of: "De mortuis nihil nisi bonum." Both of these men were odious creatures in their own right, with one of them far more odious than the other. But the more odious one -- Pat Robertson -- is being adequately vilified elsewhere today, and I had a column all ready to go for the other one anyway, so this (repeat) column is dedicated to the memory of President Ronald Reagan's secretary of the Interior, James Watt. This column was published eight years ago, and thankfully the nation has made great progress since then. It was written to celebrate only the third state (Alaska, after Colorado and Washington) and Washington D.C. legalizing the recreational usage of marijuana. Today, that tally stands at 23 states plus D.C.

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It's hard not to poke at least a little bit of fun at Speaker Kevin McCarthy's problems with the most fractious and unruly members of his caucus right now, since the whole episode is such weak tea compared to the strength the Freedom Caucus and the whole MAGA faction were supposed to have leveraged over McCarthy. They haven't exactly turned into paper tigers, but I've read more than one article in the past 24 hours which used the term "defanged," which seems about right.

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Seventy-nine years ago today, the forces of the free world attacked the fascist Nazi regime in northern France. This year, the Ukrainian military is marking the anniversary of D-Day by starting their own counteroffensive against occupying Russian forces. Back here at home, Chris Christie will be announcing his bid to take on Donald Trump for the Republican presidential nomination. There are obvious moral parallels that can be drawn between these events, but today we're going to leave that to others (for the most part).

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And so it all ended with a whimper and not a bang. President Joe Biden will sign the bill passed by both houses of Congress to increase the debt ceiling until after the 2024 elections. The bill is a clear victory for Biden, since it contains very little (virtually any) of the initial Republican budget-slashing demands. But Biden couldn't come out and say how good a deal he got from House Speaker Kevin McCarthy until now, because if he had done so it would have fed into the resistance by the farthest-right members of Congress, but now that the bill has safely been passed Biden has scheduled an Oval Office address for later today (7:00 PM, Eastern Time). We should note this is too late for anything he says to be addressed or included here in this column, but we will definitely be watching Biden speak later on today. [Editorial Note: we did listen to Biden's address, and we know it may be hard to believe, but we had picked out our "Crisis Averted" headline before Biden used the phrase tonight.]

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The news broke in Washington over the holiday weekend that we finally have a deal. President Joe Biden and House Speaker Kevin McCarthy agreed to a plan which will constrain the federal budget and raise the debt ceiling past the 2024 elections. Nobody's exactly thrilled with the parameters of the deal, with grumbles being heard from both from the MAGA right and the progressive left. At this point, though, the deal looks like it will likely garner enough support to pass the House, and the Senate likely won't kill it off at the last minute. That's where things currently stand at any rate.

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We began the week waiting, and we are ending the week waiting. All week long, rumors have leaked out about the status of the budget negotiations between House Speaker Kevin McCarthy and President Joe Biden, with both sides spinning madly to impress their bases, but we end the week with no deal actually inked.

However, we may be close. At least, that's today's big leak. It seems like both sides have agreed to some topline numbers with various face-saving things thrown in so they can both claim at least a certain degree of victory. Whether this actually works or not is still an open question.

Members of both parties are doubtlessly going to howl when the details are publicly released, and then they'll accuse their own negotiators of "giving away the store." But others will accept the face-saving spin and push forward, most likely. That's usually the endgame for such sticky negotiations, at any rate.

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