In the twilight moment between administrations, the poetry of the campaign inevitably gives way to the prose of governing. On the eve of the inauguration, testimony of the Treasury Secretary designate is more of a policy position commitment than when he was nominated in November. Now it counts. Treasury nominee Mnuchin’s confirmation hearing yesterday before …
The House passed a budget resolution for the remainder of FY17 this afternoon on a near party-line vote, 227-198. Adoption of the resolution follows Senate passage of the measure yesterday 51-48 with only Sen. Rand Paul crossing party lines — it projects a $9.1 trillion debt increase FY17-FY26 — and reaffirms the GOP’s intent to repeal Obamacare …
Late Friday night, the Senate adopted the FY17 Continuing Resolution (CR) to fund the government through April 28 that passed the House the day before. The Senate vote came only 62 minutes before the government would otherwise have gone into partial shutdown. The 114th Congress is now in the books. Below we review the route to passage of its last …
Fiscal Policy — FY17 Funded through April (Dec. 12) Read More »
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 …
Mike & Co. — Members of Congress are fleeing town, almost all of them headed for the campaign trail, following final passage today of the continuing resolution (CR), a stop-gap measure to fund the federal government until Dec. 9. In the end, negotiations centered in the end on assistance for residents of Flint, MI whose water …
Mike & Co. — The operative question on the Hill right now is, when will we get out of here? The simple answer is that Congress will adjourn as soon as logistically possible the minute after the budget stop-gap measure — aka Continuing Resolution (aka CR) — has been adopted by both Houses. Bet on …
Mike & Co. — Practically every member of Congress running for re-election wants to be with the voters, not with each other with Election Day less than 50 days away. Only one thing stands between them and adjournment right now — adoption of a budget for Fiscal Year 2017, which begins in ten days. No one …
Mike & Co. — Congress is back in session now for the balance of September, with the priority items on its agenda and likely outcomes regarding leading legislation in the area of fiscal and financial regulatory policy already clarifying. Below, we review the highest priority bills and their probable disposition, from the must-pass pieces, …
Mike &. Co., Congress adjourned for its annual August recess two weeks earlier than usual because of the convention schedule. Congress’ stalled appropriations process is a rather unwelcome state of fiscal affairs, as both the White House and the Congressional Budget Office released projections on the budget this week, with the latter estimating that long-term …
Mike & Co., Late last night, the House passed the Financial Services and General Government Act, a $21.7 billion FY17 appropriations measure. The House considered dozens of amendments Wednesday and Thursday, several of which would make sweeping changes to DFA and financial regulation generally. It is hard to say if any of these provisions would make it into the Senate bill or be added …
The House Financial Services FY17 Approps. Bill (July 8) Read More »
