Update 914 — Costco’s Tariff Rebate Suit:First Big Firm Challenge to Trump Policy Warehouse retailer giant Costco filed a lawsuit late last Friday to ensure it can secure tariff refunds if the Supreme Court rules against the Trump administration and orders rebates to firms. Last month, the Supreme Court heard oral arguments in a case …
Update 918 — Congress Adjourns for 2025Punting on ACA Subsidies, Crypto, Budget Congress officially adjourned to start a two-week holiday recess yesterday without extending the enhancements to the ACA premium tax credits that expire at the end of this year. While House Democrats were able to discharge a bill for a clean, three-year extension, and …
Update 917 – AI Regulatory Vacuum;Trump’s EO and the Need for Rules AI has quickly entered the workplace and come to occupy a central place in capital markets, with the tech sector leading the year’s major gains. Last Thursday, Trump signed an Executive Order to shut down state regulations of AI, despite many Americans’ worries …
Update 916 — Senate Rejects PTC Extension;GOP Debates, Dithers on ACA Premium Cliff This week, the Senate failed to pass an extension of enhancements to ACA premium tax credits that will expire at the end of this month, causing health insurance premiums to skyrocket for more than 20 million marketplace enrollees. Republicans seem aware that …
Update 915 – Third Straight 25 bp CutDivides Fed, as Inflation Keeps Climbing The Fed cut interest rates by 25 basis points, as expected, at the conclusion of its December FOMC meeting this afternoon, in a 9-3 vote. Members confronted both a cooling jobs market and gains in prices. Fed Governor Stephen Miran dissented, seeking …
Update 913 — December ACA Debate:Premium Costs to Jump for 20 Million+ Congress will devote much of its attention this month to the Affordable Care Act (or Obamacare) enhanced premium tax credits, which are scheduled to expire at the end of the year. More than 22 million marketplace enrollees rely on these subsidies to afford …
Update 912 – FDIC Insurance ReformUnfinished Business from 2023 Crisis With Congress now out of session, we can drill down on a key piece of unfinished banking policy from the 2023 crisis and the state of play of current legislative proposals to address it. The bank failures of spring that year laid bare the unfair …
Update 911 — Sept. Jobs/Labor Market,Stock Trading Hrg., Noms. Lead Week Per yesterday’s Bureau of Labor (BLS) report for September, the U.S. labor market continues to weaken, with unemployment ticking up to 4.4 percent, its highest level since October 2021. Job gains were 119,000 over the month, but gains in previous months saw significant downward …
After the longest government shutdown in history ended last week, both houses of Congress are in session now for the first time since mid-September. The House’s extended recess and the Senate’s exclusive focus on shutdown negotiations have left a log-jam of priorities for Congress to address. Today, we take a look at the economic priorities …
Update 910: Economic Policy Priorities on the Hill Read More »
Update 909 — Getting the Gov’t Open,Crypto Draft, Tariff Rebate Lead Week After 43 days of stalemate, Congress put an end to the longest shutdown in U.S. history this week. The agreement to keep the government open until January 30, mostly at current spending levels, did not address extending expiring enhancements to ACA premium tax …
