The House and Senate are back in session this week for the first time since July. They are replaying a Cinderella story no one in Washington (or the stock market) likes: the end-of the-fiscal-year scramble to fund the federal government before the clock strikes midnight on September 30.
With a long list of priorities that lawmakers need to tackle over the fall term, the partisan bickering will be as hot as the air in the Washington swamp.
There are now less than 15 months until the 2022 midterm elections. Although it feels like we’ve only just emerged from the 2020 elections, normally at this time in the midterm cycle, pollsters and political pundits are publishing lists of what they think will be the most competitive House and Senate races next year.
It has been a busy week in the U.S. Senate. Late on Tuesday morning, the chamber passed a bipartisan $1.2 trillion physical infrastructure bill.
The U.S. Senate is expected to approve a $1.2 trillion physical infrastructure bill by early next week. If enacted into law, the legislation, which is more than 2,700 pages in length, could have a profound impact on more than just bridges, tunnels and roads – it could significantly affect cryptocurrency.
The summer Olympics in Tokyo start this Friday, July 23 with a live, televised opening ceremony. As NBC said, this event “will be the first major global gathering since the worldwide pandemic began last year.”
What do financial technology startups, audiologists and anesthesiologists have in common? They are all intensely interested in the “Executive Order on Promoting Competition in the American Economy” that President Joe Biden issued last Friday, July 9.
“I have made it very clear ... we’re going to make this work in a bipartisan way.” That was Sen. Joe Manchin (D-W.Va.) back in February when Congress was trying to pass President Joe Biden’s COVID-19 relief legislation.
The Nasdaq and S&P hit record highs this week. Household wealth is soaring, and has doubled in just the last 10 years. On paper, American families and businesses should be feeling good about the economy, but they aren’t.