Update 918 — Congress Adjourns for 2025Punting on ACA Subsidies, Crypto, Budget Congress officially adjourned to start a two-week holiday recess yesterday without extending the enhancements to the ACA premium tax credits that expire at the end of this year. While House Democrats were able to discharge a bill for a clean, three-year extension, and …
Update 916 — Senate Rejects PTC Extension;GOP Debates, Dithers on ACA Premium Cliff This week, the Senate failed to pass an extension of enhancements to ACA premium tax credits that will expire at the end of this month, causing health insurance premiums to skyrocket for more than 20 million marketplace enrollees. Republicans seem aware that …
Update 913 — December ACA Debate:Premium Costs to Jump for 20 Million+ Congress will devote much of its attention this month to the Affordable Care Act (or Obamacare) enhanced premium tax credits, which are scheduled to expire at the end of the year. More than 22 million marketplace enrollees rely on these subsidies to afford …
Update 906 — Chinese Trade Detente,Shutdown Rolling to Record Lead Week President Trump returned from Asia touting major success when, in fact, details of finalized plans are few and far between. With China, we are nearly back where we were before, after months of pain for American businesses and farmers who are paying the price …
Update 901 — Shutdown in Stasis;Cracks Open in GOP Support for CR The end is not in sight for the government shutdown, with the Senate repeatedly failing to agree on a short-term CR and the House in recess. Republicans may be cracking, as voters blame Trump and the GOP more than Democrats for the shutdown …
Update 898 – Govt Stuck in Shutdown:Drill Down on Off-Ramps and Impact At 12:01 a.m. this morning, the federal government was thrust into a shutdown, as Congress failed to pass short-term funding that would keep the government running past yesterday’s expiration of fiscal year 2025. Democrats and Republicans are split over proposals for a short-term …
Update 889 – OBBB Policy and Politics:Bill’s Impact, Polling, Recess Messaging President Trump signed the One Big “Beautiful” Bill Act (OBBB) into law on July 4, solidifying much of his economic policy agenda for his second term. The massive package, which was passed through the partisan reconciliation process with no Democratic support, includes tax cuts …
Update 878 – OBBB’s Parable of the Cave: GOP Moderates, Hawks Chicken Out on Bill Moments ago, the House passed Trump’s signature domestic economic legislation, the “One Big Beautiful Bill Act,” sending it to Trump’s desk in time for July 4. Trump achieves much of his domestic policy agenda, with his TCJA tax cuts extended, …
Update 872– The Trump-Musk Meltdown:Elon Attacks OBBB… But to Any Effect? Yesterday, President Trump and Elon Musk’s disagreement over the projected deficit impact of Trump’s reconciliation package erupted into public view on social media. While the dust seems to have settled somewhat as of today, this split raises questions about Musk’s political influence going forward. …
Update 860 – Trump Winging it on Tariffs,Moves to Dismantle Direct File, CFPB Last weekend, the Trump administration exempted some electronic products from its reciprocal tariff regime, an exception likely to be brief. Trump and his advisors have hinted at an investigation to determine an eventual duty on these products. Separately, this week, the administration …
