US Policy
- US Policy
- US Policy
- US Policy
Shutdown threat looms, Zelensky comes to DC, FOMC
The clock is ticking on a government shutdown which will occur without budget action by Congress at midnight on October 1. Last week saw more frustration from Republicans as the House was unable to make any headway, and in the Senate a handful of Republicans slowed progress on a so-called...
- US Policy
Focus on Shutdown, Ukraine in Spotlight
The House basically wasted a week of posturing on how to move forward on spending bills in order to avoid a government shutdown on October 1. The Speaker’s plan was to show a united front among House Republicans by passing the appropriations bill for the Defense Department. The DoD bill...
- US Policy
House returns, DC works to avoid shutdown, Biden at G20
The House returns this week with only 11 scheduled legislative days before the midnight September 30 deadline to approve federal spending prior to the beginning of the new fiscal year on October 1. There appears to be a sharp difference in approaches between Republicans in the Senate and those in...
- US Policy
Biden Heads to G20 While Budget Pressures Build
The weekend news is likely to be dominated by the President’s trip to India to attend a G20 summit. Both Presidents Xi and Putin have decided not to attend, which will put an even brighter spotlight on the US President. The Senate returned this past week but the House remained...
- US Policy
Senate returns, budget in spotlight, McConnell concern, China talks
BUDGET The Senate returns this week after its August/Labor Day break. As the Senate returns, two inside the beltway issues are likely to grab Senators' attention: the fate of Republican Leader McConnell and the hold Alabama Senator Tommy Tuberville has placed on the confirmation of military promotions. Senator Tuberville says...
- US Policy
China talks, Senate returns, more funds for disasters
Commerce Secretary Gina Raimondo had three days of talks with Chinese officials and while there were no major breakthroughs, and none were expected, it did continue the Biden Administration strategy of engagement. Both sides reportedly repeated their core trade positions of China wanting the loosening of technology restrictions, and the...
- US Policy
Powell speaks, budget threats emerge, IRS and crypto rules
Last Friday Fed Chair Powell gave his long anticipated speech at the Jackson Hole symposium for central bankers. I didn't think Powell’s Jackson Hole speech was as hawkish as some had expected. "Could" was a persistent word on what policy might be. Data could warrant more increases but towards the...
- US Policy
Powell Speaks, Republicans Debate, Congress Waits
Today Fed Chair Powell gave his annual speech at the Jackson Hole symposium for central bankers. The Chair kept largely to expectations by cautioning that the Fed could still increase rates if inflation measures don’t hit targets. The Fed’s Federal Open Markets Committee (FOMC) doesn’t meet until September 19/20. August...
- US Policy
Big week: Powell speaks and Republicans debate, budget talks continue, summit concludes
On Friday at 10:00am ET Fed Chair Powell will give the annual keynote address at the Fed’s Jackson Hole economic conference. Last year in a crisp 10 minute speech he warned of the pain the Fed was ready to accept with in its fight against inflation. This year his speech...
