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Based on average new for sale and rental listings July 24 through June 2025, number one trusted based on August 2025 proprietary survey

among real estate professionals. From the opinion pages of the Wall Street Journal, this is Potomac Watch.

Donald Trump threatens Iran with military escalation after a couple of nights of bombing, including saying that he might take over

Iranian industrial oil production at Kark Island. Then a couple of hours later, the president says, a deal with Iran is at hand

and agreed to by all of the Gulf allies. So what's going on here? Who's on first? Plus,

we have Kate O'Dell here to talk about what the prospects are for the president's defense spending request, a big

request in Congress. Welcome, I'm Paul as you go here with Kate and Elliot Kaufman on Potomac

Watch. Elliot's watching Iran for us. So it's really hard to know what's going on, Elliot.

I mean, the president is often back and forth, but today in particular, we had actually

taped a program earlier based on his morning comments and evening comments about the lack

of a deal with Iran.

And then come about an hour or so ago, he says this on a truth social post, based on the fact that discussions

with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership

and approved. I have as president, et cetera, canceled the scheduled strikes and bombings against Iran

this evening. Discussions and final points have been

in both concept and great detail approved by all parties involved, including the U.S.,

Israel, Saudi Arabia, UAE, etc. What's going on, Elliot? I mean, we don't know the details

...