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Good morning. I'm Anna Palmer.

And I'm Jake Sherman.

And welcome to The Daily Punch.

Brought to you by Punchable News.

It's Tuesday, February 24th, 26th. Tonight is State of the Union. But first, let's get into the mix. Here are your Washington headlines of the day. Number one, the case for and against reconciliation this year. Number two, crypto's tax plan and number three, the latest on redistricting in Virginia. All right, Jake, let's get to it.

We are kicking off this morning's newsletter with a look at the growing chorus of Republicans

who are making comments, pushing for reconciliation and a kind of solidifying Trump's

tariff regime.

But it is going to be a very hard thing to actually get done. Yeah, you know, I'm just making a note of something I want to add into the newsletter after this. We're working in real time, folks. Yeah, yeah. And I'm not sure I'm going to be able to read what I just wrote in 10 minutes when we're done with this. But, you know, that's part of the adventure of Punch Bowl News, Anna.

That's part of the adventure.

State of the Union night, as you said, which means it's going to be a very late night for the Punch Bowl news team. And the president has said he's going to go very late. Our State of the Union special edition, Anna, will be out in everyone's inbox at 10 a.m. this morning. Very excited about that with contributions from the whole team on a whole host of policies

and political dynamics.

Let's talk about reconciliation.

The president is almost certain in his state of the union tonight to call for a new

reconciliation bill to pass a health care plan.

Why do we know this?

Because he's done it a million times and has been mostly ignored.

...