From executive producer Isaac Saul, this is Tangle.

Good morning, good afternoon, and good evening, and welcome to the Tle podcast, the place where you get views from across the political spectrum, some independent thinking, and a little bit of our take.

I'm your host for today, Tangles Managing Editor Ari Weitzman, and our topic is the wealth tax in New York City.

We're going to get into all those details in a little bit, but before we get

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I'm going to pass it over to Audrey for today's topic, and I'll be back for my take.

Thanks, Ari. Here are today's quick hits. Number one, President Donald Trump said he's extending

the ceasefire with Iran, quote, until such time as their leaders and representatives can come up

with the unified proposal, end quote, adding that the U.S. blockade of Iranian ports will also continue.

Earlier on Tuesday, the president had suggested he opposed extending the ceasefire.

Separately, Iranian state media reported that Iran seized two container ships in the Strait of

Hormuz on Wednesday, claiming that the ships were operating without required permits.

Number two, Virginia voters approved an amendment to the state constitution, allowing legislators to proceed

with redrawing the state's congressional map for the remainder of the decade, which is expected

to put 10 of 11 districts and Democrats favor. The referendum passed with 51.5% support. Number three,

Kevin Warsh, President Trump's nominee for Federal Reserve Chair, testified before the Senate Banking Committee, telling lawmakers that he viewed the central bank's independence as essential and that the president had not pressured him to push for lower interest rates.

Number four, Democratic representative from Florida, Sheila Cherfellus McCormick, resigned from the House

shortly before the Chamber's Ethics Committee gathered to discuss sanctions for multiple

campaign finance and reporting violations.

Cherfellus McCormick is also charged with stealing $5 million in COVID-19 disaster relief funds.

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