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.
For the most part, global stocks have had a disappointing run in recent days.
Is the chorus loud enough yet for President Biden to dump Powell in favor of another nominee? Let’s take a look.
Last week — in the dead of August — the Kansas City Fed held its annual Jackson Hole Symposium.
Over the last several weeks, the idea that COVID-19 would soon be a problem of the past was dashed with recent data. Countries such as Israel — which I’ve described as the “gold standard” of vaccine rollouts — and the United States are experiencing a surge in COVID-19 infections.
As we reported just one week after President Joe Biden’s inauguration in January, the Senate was taking more time than usual to approve the senior-most members of the president’s appointees: his cabinet.
It’s “back to school” season in many parts of the world, which always brings back warm memories for me.
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.