US Administrator of the Small Business Administration Kelly Loeffler answers questions during the Conservative Political Action Conference (CPAC) in Grapevine, Texas, on March 28, 2026. American conservatives converge on Texas this week for what organizers bill as their largest and most influential gathering, with the Iran war and fears of a punishing midterm election cycle heightening the stakes. (Photo by Leandro Lozada / AFP via Getty Images)