Economic data
After midterm defeat, Trump faces mostly bad options in Iran
President Trump has conceded that the Iran war cost Republicans dearly in the midterms. Now he must decide whether to cut his losses and reach a deal — or double down and go back to bombing. Why it matters: All of Trump's options are problematic:The first is to strike. But going back to war would be highly unpopular — keeping gas prices high and probably not yielding a better military result. Another is to negotiate. But if the Iranians refuse to make concessions — or, sensing weakness after the president's political loss, up their demands — Trump will have a hard time reaching a deal.The thir