Let me begin by saying that I admire your leadership, work ethic, political instincts, and many of the results your administration has achieved. As a Jew, I am grateful for your support of Israel and for the strong relationship you have fostered between the two nations. I also believe that your victory in the last election was consequential not only for the United States, but for Israel, the Jewish people, and much of the world.

Today, you face three difficult challenges confronting any American president: preventing Iran from obtaining a nuclear weapon, preserving economic stability and market confidence, and maintaining the political support necessary to govern effectively, including through the upcoming midterm elections. Of course, reality is more complex than any three-point summary, but these objectives appear to be at the center of the current moment.

You understand better than anyone that words matter. Few individuals in modern history have possessed the ability to move markets, influence........

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