Trump, Border, and Budgets Dominate DC

The victory of former President Trump in New Hampshire has solidified his position as the presumptive Republican nominee. While former Governor and UN Ambassador Nikki Haley got over 40% of the vote, most of her support came from independent voters and moderate Republicans.  Exit polls showed that over 70% of the registered Republicans who voted cast their votes for Trump.  With most of the remaining primaries having Republican-only voting requirements, there appears to be no pathway for Haley to overtake Trump.

Trump’s role as his party’s presumptive nominee is likely to increase his sway with Congressional Republicans, and I will be following this closely in the coming weeks.

This past week the House was on break and the Senate focused mainly on nominations. Next week, both the House and Senate return, with the clock ticking towards the March 1 and March 8 deadlines to fund the government and avoid a shutdown.  Congress divides the government departments into 12 spending areas and to date not one of the 12 bills have been passed.  House Speaker Mike Johnson has made it clear he opposes the so-called Omnibus Spending Bill approach, in which the entire government is funded in one massive bill.  His point is that the bill is so enormous that accountability is all but impossible.  There are some discussions of dividing the spending into a few large bills that would lead to three or four bills rather than 12.  This might be a workable compromise that would get at least some of the government funded by the early March deadlines.

Disclosures (show)

Sign in to read the report!

We have detected you are an active member!

Ray: 30f886-168573-4a39f2-b1ca6b-006cca

Want to receive Regular Market Updates to your Inbox?

I am your default error :)

Events

Trending tickers in our research