Congress out, FOMC minutes released, China policy small steps Array ( [cookie] => 596a25-805399-724db3-06fc84-1cfaa6 [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 208285 [user_id] => [reason] => [method] => ) 1 and can accesss
Not only is this week a short week for markets, but in Washington the Congress is out of session and many government leaders are heading out of town for the holiday. From my days working in the House and Senate, the Congressional breaks give the Representatives and Senators an opportunity to focus on local issues, meet with home town government leaders and of course talk directly with constituents. While it may sound trite it is an important part of their job and helps identify local needs for them to work on in DC.
Both the House and Senate are scheduled to return on July 10 and will only have a few weeks before they leave town for their traditional August break. This gives Congress little time to try and pass spending bills before the end of the current fiscal year and will mean tough days in September with a great deal of headline risk over a government shutdown on October 1st.


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Thomas J. Lee
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