As the War Nears Its Legal Limit, Trump Pushes Presidential Power Further

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**Scott Galloway** (1:41)
Welcome to Raging Moderates. I'm Scott Galloway.

**Jessica Tarlov** (1:43)
I'm Jessica Tarlov.

**Scott Galloway** (1:44)
If you're not already, please make sure to subscribe to our YouTube page to stay up to date on all news politics. All right, let's get into it. Iran's Supreme Leader Ayatollah Moshdabah Khamenei said today that the country will protect its nuclear and missile capabilities and that the only place for Americans in the Gulf was at the bottom of its waters. The communication comes as President Trump continues to push for a broader deal to end the conflict. And after he posted on Truth Social, no more Mr. Nice Guy.
Meanwhile, the war for which Trump sought no congressional approval hit its 60 day mark on May 1st. Under the War Powers Resolution, that's when the president is supposed to scale back military operations unless Congress signs off. And hanging over all of this is growing skepticism, especially on Wall Street about where this is all headed. Investors even have a new nickname alongside Taco. Now it's Nacho, not a chance Hormuz opens. It's a sign the market isn't buying that a deal with Iran is coming anytime soon. Defense Secretary Pete Hegseth testified before Congress yesterday fielding questions about the Pentagon budget as well as Iran, saying, if we need to go at it again to ensure that success, we are prepared to in regards to more military action. Is the rhetoric ramping up or is it the same kind of posturing we've been seeing?

**Jessica Tarlov** (3:00)
I mean, kind of both. I feel like Pete Hegseth just has one gear and he's always in it and it's fifth, I guess I can go to sixth, right? I haven't driven a six shift car in a while. But yeah, it was just more of the same. I think he fully got his butt handed to him in those hearings, particularly by Congressman Adam Smith, especially on the timeline, getting him to admit that there was no imminent threat and actually tracking us from what happened with Operation Midnight Hammer and the quote unquote obliteration of their nuclear capacities. He had to move to a place where he said, well, they still had nuclear ambitions. Duh. The Iranians are always going to have nuclear ambitions. The question is, can they actually get a nuclear weapon and can they use it against us? So I thought that was a pretty embarrassing few hours for him in general. Shout out also Seth Moulton was great and Pat Ryan too, especially talking about how we didn't protect our own military over there. We lost six soldiers in Kuwait at that base, where they had no protections from drone strikes. So they were essentially in a makeshift office that was put up and there were walls but no roof on it. Which as you know, especially as you're doing an air campaign that stuff can come in from up top. So I thought it was a bad day for Pete Hegseth, but the story that I cannot believe and is so important to the future of this war and the Strait of Hormuz is that apparently the Iranians are getting vessels through disguising them as Iraqi ships. So there is oil getting out of there and they've now just updated. The thought was that they had something like 10 to 20 days left before they were going to have to start pumping and dumping essentially their oil that they had. That's been moved up to four to six weeks, which is a completely different timeline, especially against the backdrop of this 60-day marker. I've seen quotes and reporters catching various GOP senators and hallways about, well, where do we stand? Where do we stand?