A Surprise of Systemic Importance (Nov. 14)

Update 224: A Surprise of Systemic Importance; Senate Banking Financial Reg Bill Examined  Yesterday, the Senate Banking Committee released summaries of a bill that paves the way for reduced regulation of 26 regional banks representing $3.7 trillion worth of consolidated assets in one fell swoop. The bill encompasses issues ranging from consumer protection to basic …

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Update 219: Who is Jay Powell?

Update 219: Who is Jay Powell?  A look at Trump’s Choice to Head the Fed Yesterday, President Trump announced Jerome Powell as his nominee to serve as the next Chair of the Federal Reserve Board.  The reality is, Trump probably could easily have picked Janet Yellen, who has directed Fed policy as closely to  what …

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GOP Double-Down on Trick Down Tax Bill (Nov. 2)

Update 218: GOP Double-Down on Trick Down Tax Bill: Rebates for Families, Windfalls for Cos. This morning, Speaker Ryan, House Ways and Means Chair Brady, and senior Republicans on the Committee formally introduced the Tax Cuts and Jobs Act.  The legislation is 429 pages of substantial changes to the tax code affecting corporations and individual taxpayers …

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Trump's Expected Fed Chair Pick Seen Likely More Establishment than Bannonist (Oct. 30)

Update 217: Trump’s Expected Fed Chair Pick Seen Likely More Establishment than Bannonist This Thursday, President Trump is expected to nominate the next Federal Reserve Chair.  After months of speculation, the prohibitive favorite at this hour is current Fed Governor Jay Powell.  But Trump enjoys the elements of suspense and surprise and has thrust the …

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Trump Wooing Democrats on Tax (Oct. 18)

Update 215:  Trump Wooing Democrats on Tax; Outside Groups Making Inside Pitches Too Senate debate continued today on the budget resolution the GOP now has the votes for and intends to pass tomorrow night.  The resolution includes reconciliation instructions for a $1.5 trillion deficit-financed tax cut.  As we watch the amendment process — aka votarama …

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