I’m Jonathan Tamari, senior Washington reporter for Bloomberg Government, and each weekday morning I’ll be coming to you with inside-the-room reporting and insights that reveal what’s really happening in Washington—and how it impacts you. Email me with feedback and comments here. If this newsletter was forwarded to you sign up here. In today’s edition: Bessent’s deficit dreams run aground, deepfakes come for CEOs, and Trump urges the GOP to “make this one for Jesus.” But first: