As has been a hallmark of Trump 2.0, President Trump issued a number of Executive Orders (EO) and Proclamations late Friday. This follows a busy week of trade and foreign policy news. Below is a summary of actions taken by the Administration, all of which will have significant trade and market implications. 25 Percent Iranian […]

With a Supreme Court decision on IEEPA at least a few more weeks away, President Trump continues to barrel ahead with his trade and foreign policy agendas. Last week’s flurry of activity included newly threatened tariffs on a variety of goods and countries, as well as bilateral deals inked and frameworks reached. Meanwhile, geopolitical events […]

Following negotiations between President Trump and Senate Democratic Leader Chuck Schumer (D-NY), the Senate passed an amended funding package late Friday consisting of a five-bill appropriations minibus plus a 14-day continuing resolution (CR) for Homeland Security (DHS) through February 13. The bill passed by a vote of 71-29, with roughly half of the Senate Democratic […]

Senate Votes this Evening. Following the deal struck by President Trump and Senate Democratic Leader Chuck Schumer (D-NY) late yesterday afternoon, and after an additional 24 hours of maneuvering to obtain a unanimous consent agreement to expedite passage, the Senate is expected to pass an amended funding bill imminently. The Senate has voted down several […]

This morning by a vote of 45-55 the Senate failed to advance to the House-passed six bill minibus that includes funding for the Department of Homeland Security (DHS) along with other major departments including Defense (DOD); State; Financial Services (FSGG); Labor, Health and Human Services (Labor/HHS); Transportation and Housing (T-HUD). The vote was largely on […]

This is not the Senate outlook we anticipated sending 24 hours ago. What seemed like a relatively straightforward week upcoming in the Senate-the single biggest complicating factor being the weather-has turned on its head in the wake of another fatal shooting by a Federal agent in Minneapolis. As a result, another government shutdown is possible – […]

While another Supreme Court opinion day* has come and gone without a decision on President Trump’s use of tariffs under the International Emergency Economic Powers Act (IEEPA), there has been a bevy of activity in the trade space since the start of the year. Below is an update on the ever-shifting trade and geopolitical landscape. […]

Following weeks of discussion with GOP and Democratic Senators, Senate leaders have hotlined a Unanimous Consent agreement that if agreed to would package together five of the nine remaining FY26 spending bills. The spending measures slated for inclusion in the package are: – Department of Defense – Commerce-Justice-Science – Interior-Environment – Labor-Health and Human Services – Transportation-Housing and Urban Development […]

The final version of the NDAA (S.1071) was released this evening at 5:30 pm. The Rules Committee will meet on Tuesday at 4:00 pm to consider a closed rule governing consideration of the bill with final passage in the House expected on Wednesday. The Senate is not expected to consider the bill until the week […]

Last night, the Senate took a major step forward by invoking cloture (60-40) on the motion to proceed to the House-passed CR, with the understanding that once on the bill Leader Thune will offer a now-public complete substitute amendment that: Extends the CR to January 30, 2026; Incorporates the bipartisan agreement for full year FY26 […]