Brown on HTF (Dec. 4)

Mike & Co. — The November jobs report (200,000-plus net jobs added) is another key green light to a Fed primed to lift rates in two weeks. FWIW, reported from Shelby last night re talks with Tester on Shelby 2.0: “We’ve been talking even tonight — we’re trying to see if we can work out …

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Shelby 2.0 Update (Dec. 3)

Mike & Co. — The holiday season ends December 16, apparently.  On that day, almost all now agree, the seven-year national zero-interest rate season will end.  It is as baked in as the sun in the morning — barring calamity in the November jobs report, of course. All year long Senate Banking Chair Shelby has …

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Dodd-Frank and the CR (Nov. 13)

Mike & Co. — Positions are already being staked out in anticipation of a compromise on financial regulatory policy next month as part of a long-term extension of the FY 2016 Continuing Resolution.  How deployments look right now is sketched out below.   Great weekends, everyone… Dana ———- The terms of engagement for year-end  changes …

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Ryan and Tax Reform (Nov. 4)

Mike & Co. — The most significant personnel question opened up by Paul Ryan’s promotion was resolved this evening when the GOP members of House Ways and Means elected Kevin Brady of Texas the Committee’s new Chair, succeeding Ryan.   So the parlor game now is what this means for comprehensive tax reform.  Some say …

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HTF/Pay-fors (Nov. 3)

Mike & Co., The House continues work this week on reauthorization of the Highway Trust Fund (HTF).   It is considering a bill for up to $325 billion on transportation projects over the next six years, $261 billion on highways, $55 billion on transit and approximately $9 billion on safety programs — but it still must come …

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FRB System Risk Rule (Nov. 2)

Mike & Co. — The top-lines on FY 2016 domestic and military spending settled, there remains work on how that funding should be divvied up among agencies and federal programs.  In the coming weeks, the Appropriations Committees will begin crafting an omnibus spending bill that must be signed into law by Dec. 11 to keep the government …

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