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As White House Declares Victory, Congress Is Bracing For A Legislative “Groundhog’s Day”

After a difficult first half, Mitch McConnell and Paul Ryan managed to score two major legislative victories this week just before the clock ran out on what has been one of the most contentious Congresses in recent memory. By marshalling a fractious Republican caucus, the leadership averted a federal government shutdown on the day before […]


Trump Signs Tax Overhaul, Stopgap Spending Bills In First Major Legislative Victory

Update: as previewed moments ago, President Trump on Friday morning signed into law legislation funding the government through Jan. 19 and more importantly, the $1.4 trillion Tax Cut and Jobs Act, i.e. the Tax Reform bill, overhauling the U.S. tax code. Trump is now set to depart for Florida. The bill’s signing ends the president’s […]


“Somebody Screwed Up” – House Must Vote Again On Tax-Reform Plan After Procedural Snag

Update: In an interview with MSNBC's Chuck Todd, Louisiana Senator John Kennedy offered the most honest explanation yet for the Senate Parliamentarian finding that three provisions in the final Trump tax bill violate Senate budget rules – meaning that the House will need to hold another vote on the bill. "Somebody screwed up," Kennedy said. […]


House Must Vote Again On Tax-Reform Plan After Procedural Snag

In an embarassing reversal of what House Republicans had celebrated as a done deal, the House will need to vote again on the final version of the tax reform plan passed earlier this afternoon. The second vote is the result of a technicality in one of the bill's provisions. According to Bloomberg, the Senate parliamentarian […]


House Passes Tax-Reform Bill – 12 Republicans, All Democrats Vote Against

After more than six weeks of frenzied negotiations, the House of Representatives has passed the reconciled version of President Donald Trump's tax plan, leaving only one major hurdle between Republicans and their biggest legislative accomplishment of the Trump era. In a 227-203 vote, the House passed the tax plan over united Democratic opposition, as well […]


House Democrats Asked To Vote Against Stopgap Spending Bill

Update: In what could be a serious problem for Ryan and the rest of the GOP leadership, Democratic leaders in the House have asked their members to vote against the Republican continuing resolution bill as it stands.   .@WhipHoyer says House Democrats are being asked to vote against the stopgap-defense-disaster spending package. “We are asking […]


Paul Ryan Adds Disaster Aid, Child Health-Insurance To Spending Bill

House Republicans have decided to attach provisions reauthorizing a popular child health-insurance program and allocating an unprecedented $81 billion in disaster-aid spending to a continuing resolution that would keep the federal government funded until Jan. 19, Politico reported Tuesday, citing anonymous Congressional aids. House Speaker Paul Ryan disclosed the new strategy in a GOP conference […]


Republican Tax Plan Is Headed For Final Round Of Votes

Barring some unforeseen catastrophe (or another floor-vote surprise akin to Sen. John McCain’s last minute decision to strike down the Senate’s plan to repeal and replace Obamacare), Congressional Republicans appear all but certain to pass the reconciled version of President Donald Trump’s tax-cut plan – the first time Congress has successfully passed comprehensive tax reform […]


Susan Collins Says She’s A ‘Yes’ On Tax Reform, Assuring Vote Passage

In an announcement that effectively clears the way for the GOP's Congressional leadership to send the Republican tax-reform plan to President Donald Trump's desk, Maine moderate Susan Collins said Monday afternoon that she intends to vote for the bill. As Republicans try to pass their No. 1 legislative priorty by week's end, a new controversy […]


“All-In” On Tax Reform

Authored by Lance Roberts via RealInvestmentAdvice.com, Review & Update In last week’s “Technically Speaking” post I discussed the S&P 500 hitting 2700 by Christmas. To wit: “As stated in the title, the current push higher puts 2700 in sight by the time Santa fills the ‘stockings hung by the chimney with care.’   As shown […]


These Are The Top 5 Legislative Issues That Could Force The Next Government Shutdown

House Republicans successfully managed to kick the can down the road (if only for two weeks) when they managed to pass a two-week extension last week of the continuing resolution that had been funding the government since September. But after overcoming obstacles created by Democrats and conservative Republicans – with each camp pushing for priorities […]


“It’s A Crisis Situation”: One Chart Explains Why Obamacare Is Locked In An Inescapable Death Spiral

Ever since it was signed into law in 2010, defenders of Obamacare have dismissed staggering surges in annual premiums by highlighting only the rates paid by those fortunate enough to receive subsidies.  In fact, last year we wrote about Marjorie Connolly’s, from Obama’s Department of Health and Human Services, response to the Tennessee insurance commissioner’s […]


House Set To Vote On Stopgap Spending Bill Tomorrow

Update (5:30 pm ET): House Republicans are moving ahead with a plan to avoid a shutdown after the House Rules Committee approved a rule change that will allow Republicans to bring a two-week stopgap plan up for a floor vote Thursday, allowing the senate until end-of-day Friday to avoid a shutdown. The plan helped Speaker […]


Shutdown Imminent? Bitter Divisions Remain As Lawmakers Scramble To Pass Funding Bill

Lawmakers are just two days away from the expiration of the continuing resolution that's been funding the government for the last two months, and yet many battles over a host of intractable issues are still being fought. At this point, passing something by midnight Friday – when the continuing resolution expires -is looking increasingly problematic. […]


Government Shutdown Looms Amid Clash Over “Dreamers” Fate

In an announcement that will provide some measure of relief for T-bill traders and others who are skeptical about Republican lawmakers' ability to compromise with their Democratic colleagues, the Republican House leadership said Tuesday they would bring a stopgap bill to extend funding at its current levels – and preserve funding for a popular child […]