20/20 Vision

Customs Bill (Dec. 8)

Mike & Co. — Most of the activity on Capital Hill this week is focused on the FY 2016 budget, but it has become so rider-ridden that few expect it to be competed by the Friday deadline for passage.  Instead it is becoming likely that Congress will adopt a short-term continuing resolution that will push votes on …

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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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