Key Takeaways

  • Ukraine dominates after President ends Europe trip with major misstep calling for regime change in Russia making exit for Putin more difficult.  Remarks quickly walked backed by White House - he didn’t say what he said.
  • Could China or Israel help to broker peace deal?
  • President puts forward FY 2023 budget, FY 2022 Budget didn’t pass until March 10 of this year. With Midterm elections in mind, Biden has included money for police and the military. Tax on super-rich to be included.
  • Pelosi majority shrinks by a vote with Texas Democratic resignation. Guilty verdict for Republican Member likely to see a vacant seat for Rs.
  • Two Fed Members passed out of Banking Committee may get Senate floor vote, are likely to be on Board by May FOMC meeting.
  • Democrats in House look to score political points by going after big oil.
Ukraine continues to dominate the focus of policy makers in DC.  President Biden was in Europe last week consulting with allies and visiting Poland to give support to their efforts to help refugees.  However, the trip ended on a challenging note when President Biden indicated that Putin would have to be replaced, putting Russian regime change on the table.  The White House tried to walk back the President’s comments, but it can’t...

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