Update 895 – Sliding toward ShutdownFY26 Status Leads Week’s Round-Up With only 10 days left for Congress to approve and Trump to sign a Fiscal Year 2026 (FY26) budget to avoid a shutdown, the House voted today to advance a Republican CR proposal that would fund the government through November 21. But the Senate quickly …
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 875 – OBBB Senate Obstacles,Fed Freeze, Genius Act Vote Lead Week With the Senate Finance Committee’s text for the GOP One Big Beautiful Bill (OBBB) released this week, we now have a full picture of the Senate’s approach to reconciliation. Though expected to be a more moderate version of the House bill that passed …
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 870 – House OKs Trump OBBB:On to the Senate for Tweak or Overhaul? The House passed the One Big Beautiful Bill Act (OBBB) yesterday in a 215-214 vote after a week of seemingly fraught negotiations. The bill, which consists of trillions of dollars in tax cuts that are skewed towards the ultra-wealthy and paid …
Update 867 – House Marathon Mark-ups:Reconciliation Tax, Spending Cuts OK’ed This week, the House Ways and Means, Energy and Commerce, and Agriculture Committees approved their portions of the GOP’s reconciliation bill following grueling, multiday markups. The harmful committee proposals pair $3.8 trillion in net tax cuts over ten years – a fourth of which would …
Update 863 – A Tariffying 100 Days:GDP, Markets, Polling All in Retreat Yesterday marked 100 days since Trump began his second term, a period marked by chaotic and unpredictable shifts in economic policy and a prioritization of Wall Street and the wealthy at the expense of everyday people. His administration, with acquiescence by congressional Republicans, …
Update 862 – Tariffs Taking a TollPoll Numbers Drop, No Deals Done Finance and trade ministers from around the world flocked to D.C. this week for the IMF-World Bank Spring Meetings. Top of mind were Trump’s tariffs and his attack on the global trading system. As forecasts for global growth and inflation were revised downward, …
Update 861 — DOGELess Barking But Still Biting DOGE’s initial visibility, assault on the civil service, budget cuts, and firings drew unwanted scrutiny and criticism, making it the focal point for the backlash against Trump, Musk, and the GOP’s efforts to reshape the federal government. Since then, the Trump administration’s actions, from immigration to tariffs, …
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 …
