July 9, 2024

Congress is in this week before recessing for the Republican National Convention

With August recess rapidly approaching, both chambers will work to advance legislation on the floor and in committee, but nothing of significance is expected to be signed into law this month.

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June 25, 2024

The House Reconvenes while the Senate is in Recess

The House returns from its one-week recess to a busy and ambitious appropriations floor schedule – Republican leaders plan to vote on three bills this week – plus an expected markup of the American Privacy Rights Act in the Energy and Commerce Committee.

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June 11, 2024

The House and Senate Continue Voting

The House and Senate continue to vote this week and the Congressional Baseball Game takes place on Wednesday at Nationals Stadium. Meanwhile, President Biden travels to Brindisi, Italy, for the G7 Leaders’ Summit.

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June 4, 2024

Congress is in for a Short Week

The House and Senate are in session for an abbreviated week, through Wednesday, when both chambers will adjourn so members can attend the ceremonies in Normandy commemorating the 80th anniversary of D-Day. President Biden, along with over 100 Members of Congress and Senators will travel to Normandy. 

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May 21, 2024

Session Continues until Recess Next Week

With the passage of the FAA Reauthorization last week, Congress has completed all the “Must Do” items until September 30th when it is expected a Continuing Resolution (CR) and an extension of the Farm bill will be needed. There is a general sense all over the Capitol that “Congress is done legislating until after the elections.” 

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May 14, 2024

White House Announces New Tariffs on Goods from China

In response to China’s unfair trade practices concerning technology transfer, intellectual property, and innovation, President Biden is directing a tariff increase of $18 billion on imports from China to protect American workers and businesses.

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May 7, 2024

FAA Reauthorization in the Senate and a Motion to Vacate in the House

The Senate adjourned last week without reaching a time agreement on consideration of the Federal Aviation Administration Reauthorization. While the House awaits Senate action on FAA Reauthorization, leadership anticipates that it will soon need to deal with the Motion to Vacate (MTV) the Chair filed by Rep. Marjorie Taylor Greene (R-GA).

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April 30, 2024

Congress has a short but busy week

Last votes in the House this week are expected Wednesday evening, as the Majority Leader cancelled the votes planned for Thursday to accommodate the funeral service for Rep. Donald Payne Jr. (D-NJ). Meanwhile, after the Senate reconvenes this afternoon, it will vote at 5:30PM on the motion to nominate Georgia Alexakis to be U.S. District Judge for the Northern District of Illinois.

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April 23, 2024

Ukraine, Israel, and Taiwan Aid Moves to the Senate

The Senate was scheduled to be in recess this week, but instead returns today poised to pass the most consequential legislation of 2024. On Saturday, the House cleared an aid package for Ukraine, Israel, Taiwan and a side care bill that included additional sanctions and legislation forcing a sale of the social media app TikTok.

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April 16, 2024

Speaker Johnson's New Plan for Ukraine, Israel and Taiwan

Speaker of the House Mike Johnson has had a rollercoaster of a tenure thus far and this week will be the most important and consequential of his young Speakership. The House is going to decide what role the United States is going to play in global affairs at a time of international conflict.

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April 24, 2023

Speaker McCarthy Hopes to Pass Limit, Save, Grow Act, and Jump Start Debt Ceiling Negotiations

This is a big week for Speaker McCarthy.  House Republican leadership hopes to pass the Limit, Save, Grow Act as early as Wednesday.   The bill would raise the Federal debt ceiling through March 31, 2024 or by $1.5 trillion–whichever occurs sooner. 

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March 29, 2023

Speaker McCarthy Sends White House List of Asks to Make Debt Ceiling Deal

The Debt ceiling debate entered a new phase yesterday.  Speaker McCarthy sent the President a letter laying out what House Republicans were seeking as part of a deal to raise the debt limit. 

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March 28, 2023

Bank Failures, Train Derailments, Big Tech, and Unionization at Starbucks Headline Hearing Docket for this Week on the Hill

The House will spend the week on the Lower Energy Costs Act (H.R.1), introduced by Majority Steve Leader Steve Scalise.  This is a package of 21 bills from several committees.  Speaker McCarthy desiginated the bill H.R. 1 – signifying the importance of the legislation to House Republicans. 

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March 22, 2023

CEOs of Moderna, TikTok Head to the Hill for Hearings Today and Tomorrow

A lot happening in and around Congress for the remainder of the week.  Take your pick as to what is most significant. Today, the Federal Reserve Open Market Committee (FOMC) meets to decide whether to raise interest rates again.

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March 21, 2023

118th Congress Enters New, Complicated Phase with Increasing Debt Ceiling Urgency and Looming Banking Crisis

When the Senate returns today and the House tomorrow, Congress will begin a new, more complicated phase of the 118th Congress.   They must pass annual spending bills in some form or fashion to keep the government open.  It also must raise the debt ceiling to keep the U.S. from defaulting on its debt.

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March 20, 2023

Banking Crisis Adds New, Challenging Layer to Debt Ceiling Fight

When the 118th Congress began none of the congressional leaders had resolving a banking crisis on their agenda.  But here it is – and it will take up significant time and focus over the next several weeks. 

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March 9, 2023

Debt Ceiling Fight Creeps Closer with Today's Budget Proposal

President Biden travels to Philadelphia today to release his FY ’24 budget proposal.  For budget nerds, it is one of the biggest days of the year.  Thousands of pages of tables, charts, and numbers.  

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March 8, 2023

House Republicans Take Stock of 118th Congress So Far Headed into Annual Retreat

House Republicans head to their annual retreat next week to plan out the remainder of the first session of the 118th Congress.  They face plenty of challenges. 

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March 7, 2023

House Republicans Continue "Field Hearing" Trend Today in Oklahoma

The House Ways and Means Committee will hold its second field hearing today, in Yukon, Oklahoma.  The hearing entitled “The State of the American Economy: The Heartland” is part of an emerging new trend for the new Republican majority – the field hearing.  The Judiciary Committee has held a field hearing on the Southern border – and plans more.  

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March 6, 2023

Debt Ceiling Debate Shaping Up to Be Central Focus of Congress This Spring, Summer

The House will vote on a senate-passed bill directing the administration to declassify all information related to the origins of COVID, a resolution removing U.S. troops from Syria and a bill overturning the Biden Administration’s Waters of the United States (WOTUS) rule. 

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March 1, 2023

China Committee, Debt Ceiling, Farm Bill and More Spells a Busy Spring for Capitol Hill

Capitol Hill was in full swing yesterday with staffers repeating “this is the most crowded it's been since the pandemic” over and over.  There were long lines to enter the buildings, numerous groups and trade associations holding “fly-ins” and receptions, and committee rooms crowded for hearings and markups. 

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February 28, 2023

Select Committee on China Competition to Set Bipartisan Tone in Primetime Hearing Tonight

The 118th Congress has thus far been dominated by two big issues:  China and the debt ceiling.  Later this week President Biden will speak House Democrats at their issues retreat in Baltimore Maryland.  He will use the bully pulpit to advance the Democrats message that the debt ceiling should be raised without any conditions or negotiations over spending cuts. 

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February 27, 2023

Select Committee on China Competition Gets Up and Running, Prepares for Primetime Hearing Tuesday Night

Congress returns this week, but the House is only in session Monday-Wednesday.  House Democrats have their annual issues retreat in Baltimore Maryland.  President Biden will attend the retreat on Wednesday. The House will consider two rule bills. 

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February 9, 2023

House to Vote Today on Resolution Condemning China's Use of Spy Ballon

The House will vote today on a resolution “Condemning the Chinese Communist Party’s use of a high-altitude surveillance balloon over United States territory as a brazen violation of United States sovereignty.” A resolution is not legislation – it is a statement by one House of Congress.  But this resolution is significant for several reasons.  First and foremost, the resolution is bipartisan.  The House will largely speak with one voice today. 

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February 8, 2023

President Biden Delivers State of the Union, Sets Tone for 2024 Reelection Bid

President Biden delivered a forceful and lively State of the Union Address last night.  His speech has been portrayed as an unofficial kick-off to his 2024 reelection campaign and he previewed the theme of “Let’s finish the job.” 

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February 7, 2023

Ahead of Biden's SOTU, McCarthy's "Prebuttal" Set Sights on Debt Ceiling & Fiscal Restraint

President Biden delivers the State of the Union tonight.  Speaker McCarthy gave his “prebuttal” early Monday evening.  The issue the Speaker chose to address is the significant part of the speech.  He wanted to talk about the debt ceiling.  It is the most challenging legislative battle for both parties this year in Congress, but it is not currently the top issue on voters’ minds. 

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February 6, 2023

Spy Balloon Pop Reverberates Through Congress, Country

President Biden will deliver the State of the Union tomorrow night at 9:00 pm.  The speech presents the president with the opportunity to lay out his vision and make the case for what his administration has accomplished.  The Administration had major legislative victories in the first two years, including the Inflation Reduction Act, the infrastructure bill, gun control and the CHIPS bill intended to provide grants and incentive for domestic semiconductor manufacturing. 

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February 1, 2023

Federal Reserve Set to Increase Interest Rates

Two big meetings today in Washington. Which one is more important depends on whether you think monetary policy or executive/congressional branch cooperation is more important at this moment. The Federal Reserve Open Market Committee meets today and is expected to approve a 25-basis point increase in interest rates. The other big meeting today is at the White House. President Biden will host a one-on-one meeting with the new Speaker of the House Kevin McCarthy. 

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January 30, 2023

President Biden and Speaker McCarthy gear for messaging battle ahead of debt ceiling negotiations

President Biden will meet with Speaker McCarthy on Wednesday to discuss (not negotiate) raising the debt ceiling. Serious negotiations are months away. Wednesday’s meeting will be part of a shorter-term messaging battle between the two parties to set the terms of the negotiations and attempt from both sides to gain political leverage in the negotiations.  Both sides want to claim the mantle of “reasonableness.”

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January 27, 2023

Congress Begins 2023 with Economic Uncertainty Clouding the Agenda

The House is in session today and will vote on several amendments and final passage of H.R. 21, the Strategic Production Response Act. The first attempt to allow an open rule for the first time in 7 years on the House floor has gone pretty smoothly and Members have given it positive reviews. 

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January 26, 2023

Strategic Production Response Act to be Considered Today Under Open Rule

Today, the House will begin consideration of H.R. 21 – Strategic Production Response Act.  The 3-page bill prohibits non-emergency drawdowns of the Strategic Petroleum Reserve without a plan to increase federal lands available for energy production by an equal amount.  The real significance of the bill is how it will be considered in the House – under an open rule. 

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January 25, 2023

Debt Ceiling to Dominate First Session of 118th Congress

One issue will dominate the first session of the 118th Congress:  The debt ceiling.  The constitution gives Congress the power to borrow money on the credit of the United States.  Congress, by law sets the amount the federal government is allowed to borrow. 

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January 24, 2023

McCarthy Announces Republican Lineup for Select Committee on China

Speaker McCarthy announced his selection of Members to serve on the Select Committee on the Strategic Competition Between the U.S. and the Chinese Communist Party … aka the Select Committee on China. 

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January 23, 2023

President Biden Agreed to Meet with Speaker McCarthy to Discuss Debt Ceiling

Congress returns this week with both the House and Senate in session. The Senate will vote on nominations. The Senate Leadership hopes to announce and be able to ratify revised committee rosters and ratios this week. The House is expected to consider the Strategic Production Response Act later in the week under a "modified open rule,” 

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January 11, 2023

House Creates Select Committee on China with a Bipartisan, 365-65 Vote

The House of Representatives voted yesterday to create a “Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.” The vote was 365-65 with 146 Democrats joining with all Republicans to create the new select committee.  After the rancor and partisanship of the first week, this is a strong bipartisan move on a top-tier issue facing the 118th Congress.

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January 10, 2023

House Proceeds with Committee Assignments After Passing Rules Package 

A busy first day of week two of the 118th Congress in the House of Representatives.  The Republican Steering Committee met all day and decided the chairmanships for the final committees.

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January 9, 2023

House Moves on to Rules Package After Weeklong Speaker Drama

The House of Representatives has a Speaker. On the 15th ballot, Kevin McCarthy (R-CA) finally prevailed, receiving 216 votes to Hakeem Jeffries (D-NY) 212 with 5 Republicans voting present.  The early Saturday morning vote ended a dramatic and tumultuous start to the 118th Congress. 

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January 6, 2023

Holdouts Push Speaker Vote into 12th Ballot

The Speaker election in the House of Representatives remains unresolved after an historic 11 ballots.  The House will reconvene at noon today and will try again. On the floor, the stalemate has continued, and the vote counts really haven’t changed.  

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January 5, 2023

The House Remains without a Speaker After Two Days and Six Unsuccessful Ballots

After six ballots, the House has been thus far unable to elect a Speaker.  Because the election of the Speaker is the first order of business in a new Congress, nothing else can proceed.  The Members themselves haven’t even been sworn in.  Tensions and frustration grew throughout the day. 

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January 4, 2023

McCarthy Fails to Secure Speaker Seat After Three Rounds of Voting

An historic opening day of the 118th Congress.  For the first time since 1923, the House of Representatives failed to elect a Speaker on the first ballot.  And the House adjourned until noon today after three rounds of roll call votes failed to elect a Speaker.

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January 3, 2023

McCarthy's Path to Speaker Uncertain Ahead of Today's Vote

The 118th Congress opens today.  The Senate is in town just today – when it convenes at noon for the first session of the 118th Congress, the swearing-in of Senators, and various housekeeping measures – before recessing again until January 23rd.

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December 21, 2022

Ukrainian President Volodymyr Zelensky to Address Joint Session of Congress Tonight

The rush to complete the work of the 117th Congress will take a pause tonight for history.  Ukrainian President Volodymyr Zelensky will address a joint session of the Congress at 7:30 pm.  President Zelensky will also meet with President Biden earlier in the day. 

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December 20, 2022

Omnibus Bill Text is Complete, Vote Expected by End of Week

The 4,155 page Omnibus spending bill text was posted at 1:40 AM this morning.  A summary can be found here. At over 4,000 pages and nearly $1.7 trillion in spending, there is a lot in the bill.  National defense ($858 billion) received a 10 percent increase – a big Republican priority.  

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December 19, 2022

Congress Inches Closer to Final Omnibus Bill After a Weekend of Negotiating

The “plan” is to release text on the massive end-of-the-year Omnibus spending bill that will fund the government for the remainder of fiscal year 2023.  Negotiators and staff worked all weekend finalizing text and negotiating what is in and what is out.  

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December 14, 2022

"Motion to Vacate" Issue Could be Roadblock for Speaker of the House Vote

The House passed a one-week continuing resolution (CR) giving negotiators more time to reach a spending deal for the rest of fiscal year 2023.  The vote was 224-201 with nine House Republicans joining all voting Democrats in backing the measure: (Reps. Adam Kinzinger (Ill.), Liz Cheney (Wyo.), Chris Jacobs (N.Y.), Anthony Gonzalez (Ohio), John Katko (N.Y.), Jaime Herrera Beutler (Wash.), Fred Upton (Mich.), Steve Womack (Ark.) and Brian Fitzpatrick (Pa.)).

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December 13, 2022

FTX founder arrested in Bahamas on eve of testimony before House Financial Services Committee

The House Financial Services had scheduled for today one of the most high-profile hearings of the year.  FTX founder Sam Bankman-Fried was set to testify – remotely from the Bahamas – to the House Financial Services Committee today about the collapse of the FTX.  He had told the committee he would not take the 5th amendment.  And then, last evening he was arrested in the Bahamas.

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December 12, 2022

Bipartisan Negotiators Chip Away at Funding Deal as Friday Deadline Looms Closer

Congress returns today for a big week. Government funding runs out on Friday.  Both the House and Senate will need to act this week to keep the government open.  It seems certain at this point that the specific action will be a short-term continuing resolution (CR) – probably one week, to give negotiators time to complete a full-year Omnibus spending bill. 

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December 9, 2022

Sen. Sinema Shakes Up the Senate by Becoming an Independent

As the saying goes “If you don’t like the weather in Maine, wait a minute and it will change.”  That now seems to apply to the political situation in Washington.  Just three days after voters in Georgia re-elected Ralph Warnock and gave the Democrats a 51-49 margin in the Senate, Arizona Sen. Krysten Sinema announced she was becoming an independent. 

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December 8, 2022

Leader McCarthy gets a win on Vaccine Mandate for Military

The Lame Duck session of the 117th Congress came into more focus late yesterday when an agreement was reached on the text of the National Defense Authorization Act (NDAA).  The annual bill that authorizes national defense programs is a “must pass" bill that also requires bipartisan agreement. 

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December 6, 2022

One-Week CR Expected to Buy Congress Time and Avoid Government Shutdown

Ten days until government funding runs out.  No one expects or wants a government shutdown, but the December 16th deadline is real in the sense that Congress needs to pass something by then to prevent a shutdown.  Right now, the most likely scenario is a short, one-week continuing resolution to give congressional leaders more time to reach an agreement on a full-year funding bill.

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December 1, 2022

Congress Still Undecided on Spending Bill

It is December 1st and Congress still has not reached an agreement on the overall level of spending for the fiscal year 2023 – which began on October 1st.  The Federal Government is currently operating under a continuing resolution (CR) that simply extends all spending at last year’s level.  That CR expires on December 16th.  

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November 30, 2022

Jeffries Set to Become Speaker of the House

This morning Rep. Hakeem Jeffries (NY) will become the House Democrats Leader (and Speaker nominee for the Democratic caucus) for the 118th Congress.  He will be the first new leader for House Democrats since 2003 when Nancy Pelosi (CA) began her incredible 20 year run as the top Democrat in the House.  He will also be the first black leader in either party and legislative body. 

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November 29, 2022

Looming Rail Strikes Threaten Economy

Last night, President Biden asked Congress to step in and avert a potential railroad workers strike.  Several unions have rejected a tentative deal reached before the midterm elections – raising the threat that a strike could begin in early December. That could cause immediate and significant harm to the economy.

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November 28, 2022

Congress Races to Pass Funding

Congress returns this week for a sprint to the end of the year to complete the Lame Duck session. Government funding runs out on December 16th. While Members and staff hope to complete the Lame Duck session by the 16th, most are beginning to expect the session to last longer. It all starts with the government funding bill. In September, Congress passed a stopgap bill to fund the government through December 16th. 

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November 17, 2022

Nancy Pelosi Steps Down from House Democrat Leadership Position

The news of the day on Capitol Hill is the decision by Speaker Nancy Pelosi to step aside from her leadership of House Democrats.  She has led the caucus for twenty years – an extraordinary run for a legislative leader in the House.  Speaker Pelosi is 82.  In 2018, when she ran for Speaker after Democrats took back control of the House, she made a pledge to step aside after the 2022 elections. 

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November 16, 2022

Republican Leader Mitch McConnell faces leadership election challenge today from Rick Scott

House Republicans completed their leadership elections.  With growing confidence that they have won the majority for the 118th Congress, the House Republican conference elected:

  • Speaker-Elect: Kevin McCarthy (CA) (188 votes)
  • Majority Leader: Steve Scalise (LA) (Unanimous voice vote)
  • Majority Whip: Tom Emmer (MN) (2nd ballot 115 votes)
  • Conference Chair: Elise Stefanik (NY) (144 votes)
  • NRCC Chairman: Richard Hudson (NC) (unanimous voice vote)
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November 15, 2022

House Republicans hold leadership elections today while awaiting full 218 seat majority

AP is reporting this morning that, “Republicans were on the cusp of retaking control of the House late Monday, just one victory shy of the 218 seats the party needs to secure a majority, narrowing the path for Democrats to keep the chamber and raising the prospect of a divided government in Washington.”  Senate Democrats have secured their majority regardless of the outcome of the Georgia Senate runoff on December 6th between Sen. Ralph Warnock and Hershel Walker.

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November 9, 2022

SPECIAL EDITION: The Morning After

The 2022 midterms went pretty much as all the analysts expected … NOT.  The final results are not in, but a few things seem clear

  • Congress will remain very closely divided
  • Florida moves from a purple to red state
  • Democrats outperformed history in midterm elections
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November 8, 2022

SPECIAL EDITION: Election Day 2022

There is not much left to say – all the theories and predictions can be better assessed tomorrow.  There’s not much left to do.  Candidates have special routines and superstitions for election day.  Barack Obama famously liked to play basketball.  Campaign staff settle in to begin pouring over exit polls beginning midafternoon.  Golf courses in the Washington area are packed today with lobbyists, politicos and congressional staff who need to kill time before the results begin trickling in.

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November 7, 2022

SPECIAL EDITION: Closing time for the 2022 Midterms

Almost there.  Several billion dollars spent on the midterm elections.  Candidates and surrogates’ vocal cords shot.  Campaign staff living on adrenaline and caffeine.   Voters exhausted with all the TV ads but ready to vote – voter enthusiasm in both parties is high. 

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November 4, 2022

What to Look for in the Mid-term Elections

Four days to go.  As America heads into the final weekend before the midterms we can begin to speculate about what it means for the country.  Here are a few key questions that the election will (likely/hopefully) provide some answers for.

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November 3, 2022

SPECIAL EDITION: The 2022 Race for the U.S. Senate

Five days to go.  The U.S. Senate is currently controlled by the Democrats, but the partisan mix is 50-50.  Democrats control the Senate because Kamala Harris as Vice President is president of the Senate and breaks the tie.  That alone makes the 2022 midterm elections important – one net seat pick up for Republicans and the majority changes hands.  Elections for senators are staggered so only roughly one-third of the Senate is up for election in any one cycle.  

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November 2, 2022

SPECIAL EDITION: The 2022 Race for the House of Representatives

Six days to go. Elections for the House of Representatives are unique. All 435 seats are up for election. In the Senate, only about one-third of the body is up for election at any one time. The House is a national election, like the presidential election. At the same time, there are 435 separate elections – with candidate quality, experience, and fitting a particular constituency all acting as important factors.

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November 1, 2022

SPECIAL EDITION: 2022 U.S. Midterm Elections

One week to go. The midterm elections are Tuesday, November 8th, although early voting has already begun. With so little time left and the stakes so high it is difficult to provide analysis without contradicting one or both parties' closing argument/strategy. But it seems clear two dynamics are at work.

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September 29, 2022

The Senate continues to inch towards final passage of a CR

The Senate continues to inch towards final passage of a continuing resolution (CR) to keep the government open past midnight Friday.  It now looks increasingly likely that the House of Representatives will vote on Friday on final passage of the legislation.  (That is welcome news to “downtown” as there are scores of fundraisers scheduled for this evening).  Congress is poised to leave town for the midterm election push. 

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September 28, 2022

Sen. Joe Manchin drops his controversial permitting reform language, clears way for CR passage

The Senate cleared the first procedural step towards passing a continuing resolution (CR) last night after Sen. Joe Manchin dropped his controversial permitting reform language.  The CR could pass the Senate as early as today, or more likely tomorrow, leaving the House with plenty of time to pass the bill before Friday’s midnight deadline.  The CR extends government funding at current levels through December 16.  

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September 27, 2022

Process to keep government funded starts this evening with Senate cloture vote on CR

The Senate returns today, and the House returns tomorrow.  Funding for the government runs out on Friday at midnight and there are less than six weeks to go before the midterm elections. Congress has one main task this week – keep the government funded.  The process will start this evening in the Senate with a cloture vote on the continuing resolution (CR) that includes Sen. Joe Manchin’s permitting reform language

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September 22, 2022

House Republican leader McCarthy finetunes his closing argument with Election Day around the corner

Tomorrow, outside of Pittsburgh, House Republicans will unveil their “Commitment to America”.  Ever since House Republicans unexpectedly picked up 14 seats in the 2020 elections, they have confidently been planning to win back the majority in 2022, where they need a net gain of five seats to win the majority. 

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September 21, 2022

Announcement of 75 basis point increase on interest rates expected from Fed at 2pm today

The economy takes center stage today in Washington.  At 2:00 the Federal Reserve Open Market Committee will announce its decision on interest rates.  A third straight 75 basis point increase is expected.  Federal Reserve Chairman Jerome Powell will hold a press conference and provide “forward guidance” about the Fed’s inflation outlook and potential policy responses – like additional rate increases. 

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September 20, 2022

Biden's pandemic statement on 60 minutes causes waves for COVID funding in CR, extension of PHE

“The Pandemic is over.”  A simple, straightforward statement.  Some would say obvious, some would say overdue.  Others would say premature, and others would label it as inaccurate.  President Biden’s statement on 60 Minutes Sunday night touched off a controversy with both policy and political ramifications.  

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September 19, 2022

Progress on continued resolution negotiations remains slow as September 30 deadline approaches

The House and Senate are in session this week.  Discussions/negotiations over a continuing resolution (CR) to keep the government open past September 30th continued over the weekend, but progress remains slow.  The momentum appears to be to drop items rather than add items to ride along with the CR.  Senate Majority Leader Schumer said he supports adding $12 billion for Ukraine to the CR. 

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September 15, 2022

Railroad workers' union, rail carriers, and White House reach tentative agreement, avert possible, national strike

The White House announced a tentative agreement between the railroad workers unions and the rail carriers that will avert a strike that could have occurred as early as tomorrow.  Nearly 40 percent on inland goods – including energy and food are moved by rail and it was estimated that a strike could cost the economy $2 billion a day.  

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September 14, 2022

White House celebrates Inflation Reduction Act amid disappointing CPI report release

It was a calculated risk.  The White House wanted a big celebration to highlight the passage of the Inflation Reduction Act.  They chose to hold the event on the White House lawn the day the Labor Department would release the August CPI report -- inflation numbers.  They had reason for optimism.  Gas prices have dropped for 13 consecutive weeks.  Analysts expected the inflation rate to drop below 8 percent.

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September 13, 2022

CPI comes in at 8.3 - exceeding expectations

The BLS CPI showed inflation at 8.3 percent year over year and excluding food and energy, the core rate is 6.3 percent.  Both numbers exceed analysts’ expectations. The House returns today to a fair amount of uncertainty over what Congress can produce over the final three weeks of session before the midterm elections.  Job one is to keep the government open past the September 30th deadline, when government funding runs out. 

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September 12, 2022

Inflation expected to dip below 8% as US gas and energy prices continue to fall

The White House and congressional Democrats hope to keep their summer momentum going this week.  The White House will hold a celebration for the passage of the Inflation Reduction Act on Tuesday – right after the August report on the Consumer Price Index for August is released.  With gas and energy prices falling, economists expect to see inflation dip below 8 percent. 

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September 8, 2022

Congress debates COVID spending levels in Continuing Resolution

The final phase of the pre midterm election session of the 117th Congress is rapidly drawing to a close.  There will be a lame duck session post-election, but the agenda for the lame duck will not become clear until after the November elections.  In the meantime, Congress has a few weeks to finish some must do work and potentially pass a few additional “want-to-do” items.

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September 7, 2022

Congress returns from August recess with continuing resolution spending bill at top of docket

The Senate returned yesterday.  The House returns next week.  This begins the final congressional session before the increasingly competitive mid-term elections.  Congress has one “must do” item this month – pass a continuing resolution (CR) spending bill to keep the government open.  The current funding expires on September 30th.  

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