While Washington will undoubtedly be focused on the Russian invasion of Ukraine, the work of government will proceed with a busy few weeks ahead both for the White House, Congress, and the Fed.

Tuesday President Joe Biden will address a joint session of Congress to deliver his first State of the Union speech.  The evening should be dramatic as a loosely organized group of truckers has vowed to disrupt the proceedings with a caravan mimicking the Canadian truckers who shut down Ottawa.  Washington seems well prepared after the shock of January 6, but access to the Capitol will be limited. 

The President will address Congress and the nation at a time of global tensions over the Russian invasion of Ukraine.  The invasion should add a bipartisan nature to the address as the nation appears united in condemnation of Russia and support for Ukraine.  There is talk of an emergency package for Ukraine and I expect the idea to get attention from Biden and big-time bipartisan support at the SOTU speech.

The President also speaks at a time when the Covid crisis appears to be waning, and SOTU gives Biden the opportunity to try and put the issue, which has given both Biden and Trump so many problems, into the rearview mirror.

Obviously, the President will h...

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