Mike & Co. — A bombshell of a budget agreement between the White House and Congressional leadership was announced last night that would raise the debt limit through March 2017 and remove cuts mandated under the Sequester through September 2017. In fact, Sequester spending would increase by $80 billion over FY 2016 and 2017 — …
Mike & Co. — The House voted 246-177 tonight in favor of a discharge petition setting up a final House vote tonight orTuesday on reauthorizing the Export-Import Bank, a rare parliamentary maneuver to force the agency’s proposed resurrection onto the House floor, over the opposition of conservative Republicans. If the Bank is ultimately revived, it would mark just the third time in …
Mike & Co. — The pattern is familiar from last month’s CR and almost every must-pass piece of legislation considered by Congress the past five years — there is majority support for a solution but it cannot come to a vote until the House has considered an alternative proposed by the Freedom Caucus that cannot …
Mike & Co. — Wheels are in motion on almost every major front right now in Congress, with Paul Ryan announcing tonight that he is a to serve as a unity candidate for Speaker, if all the major caucuses of the House Republican conference endorse him. He is giving the conference until this Friday to decide whether it is …
Mike & Co. — Little action to report this recess week on the Hill but there was a signal “district work period” development. Speaker Boehner’s chief of staff told a Ripon Society meeting that Congress was unlikely to move on the massive trade package until a late 2016 lame-duck session. The policy director for Senate Majority …
Mike & Co. — After another week of surprises and certainty — or “chaos” — surrounding the future of the House GOP leadership, right before members left for a week’s recess, came a major unexpected boost for Ex-Im reauthorization today. Good long weekends all, Dana ———- Ex-Im Update — a Tree Grows in Brooklyn You …
Mike & Co. –– In comments to bank executives at a private meeting in Washington yesterday, Mitch McConnell said that there was no way he would remove the provision that reduces the Fed dividend from six to 1.5 percent for banks with more than $1 billion in consolidated assets. Mechanics of the dividend and more on the latest below. …
Mike and Co., The season of surprises continues. Along with a disappointing September jobs report, we got word from Treasury last week that the debt limit deadline is now Nov. 5. A look at the impact on markets and the political state of play. Best, Dana ——— Last week, Treasury wrote in a letter to outgoing …
Mike & Co. — Welcome to the weekend. A couple of unexpected and unwelcome economic and debt developments marred the end of the week. Below is a look at this morning’s labor statistics report for September. Unless anyone has other ideas, Monday’s update will explore the impact of Treasury’s announcement late this week that the operational deadline …
Mike and Co., Welcome to FY 2016. The deficit for this year is expected to be about 70 percent lower than it was in FY 2009. The week saw a CR approved with major leadership consequences but nothing resolved on the policy front. It also saw House Financial Services Committee Democrats split on a bill to …
