Hassett, who has worked for both Trump administrations and has a PhD in economics, reached out to Ghilarducci in between White House stints, to ask about feedback on a paper he was writing about retirement security in 2021. “I gave him all sorts of comments, and he wrote back, and he said, ‘You know, you should be a co-author of this paper,’” she said. That paper became the basis of the administration plan for universal 401(k)s, which the president announced at the State of the Union.
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The narrow, 104-mile Strait of Hormuz is the main choke point separating the Persian Gulf—and the daily flow of nearly 20 million barrels of oil—from global energy markets. Qatar took its LNG production offline March 2 as embattled Iran launched more strikes on its neighbors.