Articles tagged as


  • US Policy
May 3, 2019

Tension between the Republicans and Democrats in Congress is growing. Last week, Attorney General William Barr took the flack for President Donald Trump, as he appeared to be disingenuous with Congressional Democrats over the issue as to whether or not he knew of any Mueller team disagreements with his summary of the Mueller Report. This culminated with the AG refusing to testify before the House Judiciary Committee. I think this does not bode well for any bipartisan agreement at a time when big decisions need to be made. Keep an eye on this. Nasty headlines could ensue. Perhaps no action by Congress has more potential impact on capital markets than the need to increase the debt ceiling later this year. There have been discussions of finding a popular bill to which the unpopular debt ceiling increase could be attached. While the debt ceiling bill may be the most difficult must-pass item needing action, Congress also has the threat of a government shutdown if no budget is approved by October 1. Possible double headline whammy there later this year. There was a small sign of bipartisanship prior to Barr’s refusal to testify before the House when the President, House Speaker Nancy Pelosi, and Senate Democratic Leader Charles Schumer had a meeting to discuss a $2 trillion infrastructure program. While there were smiles all around after the meeting, there is little Congressional Republican support for the proposal. With Republican concern over record deficit it is hard to envision a large infrastructure bill being approved. Had a long and very good conversation with President Putin of Russia. As I have always said, long before the Witch Hunt started, getting along with Russia, China, and everyone is a good thing, not a bad thing….— Donald J. Trump (@realDonaldTrump) May 3, 2019 Congrats to @U_S_Steel for investing $1+ BILLION in America's most INNOVATIVE steel mill. 232 Tariffs make Pennsylvania and USA more prosperous/secure by bringing Steel and Aluminum industries BACK. Tariffs are working. Pittsburgh is again The Steel City. USA Economy is BOOMING! Donald J. Trump (@realDonaldTrump) May 2, 2019 I am overriding the Decommission Order of the magnificent aircraft carrier Harry S. Truman, built in 1998 (fairly new), and considered one of the largest and finest in the world. It will be updated at a fraction of the cost of a new one (which also are being built)!— Donald J. Trump (@realDonaldTrump) May 1, 2019

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