Today the House passed the FY17 CR to extend the budget through until April 28. The 114th Congress is almost in the books, pending only the Senate vote on final passage of the CR, itself pending only the outcome of legislative negotiations regarding a mine worker protection provision sought by Sens. Manchin, Brown, et al. We’ll cover the …
A couple of hours ago, House GOP leaders released a draft FY17 Continuing Resolution — must-pass legislation if the federal government is to avoid a shut-down midnight on Friday. The House will take up the bill as early as Thursday, aiming to get it to the Senate by the Friday deadline. Below is an outline of …
As he begins his victory tour tonight in Ohio, President-elect Trump appears on the cusp of a deal with a large Indiana manufacturing firm that would keep 500-1000 furnace-making jobs in the state. What’s the deal? Is it a model for job creation and a tool for the four percent GDP growth that Trump is aiming …
—————————————– Today, President-elect Trump announced that he will tap Steven Mnuchin for Treasury Secretary. Not a particular surprise — chair of the Trump campaign’s fundraising team, member of Yale’s Scull & Bones, and an early favorite for the position — Mnuchin and his political and policy views are nevertheless mostly a mystery outside his Wall Street …
Steven Mnuchin, Treasury Secretary Nominee (Nov. 30) Read More »
The House will vote tomorrow on H.R. 6392, the “Systematic Risk Designation Improvement Risk of 2016,” a bill to repeal Title I of the Dodd-Frank Act, thereby removing over $4 trillion in bank assets from heightened Fed supervisory scrutiny. The bill, while unlikely to pass this Congress, is a harbinger of efforts and arguments and eventually …
Mike & Co., The mandate that President-elect Trump claims he has on banking regulations is to “dismantle” the Dodd-Frank Act. Whether this is a credible threat, hyperbole, or something in-between depends entirely on what the new administration sends Congress. But we have baseline legislation comprised of significant Dodd-Frank revisions that already have the support of the …
Mike & Co., Among the many ironic aspects of the election outcome last week was the fact that only one person elected in 2000 saw the popular vote winner lose the presidential election that year and immediately proposed a reform of the electoral college: that year’s Senator-elect from New York, Hillary Clinton. As many of …
Mike and Co., Greeting from North Carolina, where HRC will take the stage within minutes at the campus of NC State in Raleigh, the last rally of the campaign, to make the closing argument in her bid for the presidency. With less than 24 hours before the last polls close, we take a moment to review some …
A Political and Market Rally at the Close (Nov. 7) Read More »
Mike & Co., Today marked the last new national economic data that voters will see before the elections on Tuesday and they have proved very good for the country. Today’s BLS data indicated important proof of a strengthening recovery that redounds to HRC’s advantage. Below we outline the most important details of the job report, as well as …
Mike & Co., Millions of Americans have been waiting for this, argued and agreed with family and friends, made up their minds, and are ready, at long last, for the outcome — of Game 7, the Cubs representing the Secretary’s original home state and Cleveland, representing a key battleground state. I can tell you what the …
