
Updates
The latest news and advocacy information for industrial bankers.
The four-week focus on the reconciliation package
Members are coming back to Washington, DC, today after a two-week recess for Easter. This four-week stretch will take us to Memorial Day and will be largely focused on getting the reconciliation package across the floor.
Senate passage of budget resolution advances President Trump’s agenda
The Senate held a marathon vote session on Friday night, ending with the early Saturday passage of a budget resolution that advances President Trump’s widespread agenda. The measure, as passed, departs from the House version in a few key areas and has sparked criticism from deficit hardliners.
Week two of a three-week work period ahead of the Easter recess
This is week two of a three-week work period ahead of the Easter recess, and both Chambers are feeling urgency to act on a unified budget resolution. In addition, the Trump administration plans to unveil a new, expansive set of tariffs on Wednesday.
Joint budget resolution and strategy to proceed with reconciliation
A week-long recess for the House and Senate passed last week with no shortage of activity from the executive branch to keep everyone busy. As lawmakers return to the Hill this week, conversations will continue on a joint budget resolution and strategy to proceed with reconciliation.
Focused on government funding
This week will be focused on government funding, as the March 14th shutdown deadline looms. Over the weekend, Congressional Republicans released text for a continuing resolution that would extend funding through September.
House Republicans passed their budget resolution
Last week, following a lengthy vote on the floor, House Republicans passed their budget resolution, setting up a challenging reconciliation process in the coming week. Speaker Mike Johnson managed to hold his conference together, losing only one Republican vote.
Senate passed their budget resolution
Last week, the Senate passed their budget resolution after an all-night session of amendment debate. Meanwhile, the White House weighed in again to push the more comprehensive House resolution, and the House returns to Washington this week to take up their version on the floor.
Focus of the week continues to be reconciliation
The House is out on recess this week; the Senate is in. The main focus of the week continues to be reconciliation.
President Trump’s announced tariffs and the related turmoil
This past week has seen a fast and furious array of announcements impacting the functioning of numerous agencies, and in some cases, court decisions countermanding those orders. We will attempt to itemize and unpack these updates.
President Trump announced tariffs against Canada and Mexico
President Trump announced tariffs against Canada and Mexico (25%) and China (10%) over the weekend, triggering a tumble in the stock market and a range of strong reactions from lawmakers on both sides of the aisle. Democrats were quick to contrast the tariffs with Trump’s claim that he would lower grocery prices.
One week since the Trump inauguration
It has been one week since the Trump inauguration, and the White House has been busy with executive orders.
Finalizing of most committee rosters
Last week saw the certification of the 2024 election results and the finalizing of most Committee rosters. Operations in Washington also paused last week for the ceremonies honoring the late President Jimmy Carter, who, at 100 years of age, was the oldest of all U.S. presidents.
Our inaugural issue of 2025
Our inaugural issue of 2025 has a full agenda: there has been much to report as both Congress and the Trump administration hit the ground running.
The last week of the scheduled session
In what is now the last week of scheduled session, negotiators are working to reach a government funding agreement before the expiration of funds later this week. House Republican Steering named Committee leaders last week, and cabinet nominees for the upcoming Trump Administration 2.0 are making the rounds in the Senate this week.
The end-of-the-year scramble
We are well into the end-of-the-year scramble, with lawmakers working through negotiations on the few (in number) but significant packages yet to be passed. Chairmen Patrick McHenry (R-NC) and Sherrod Brown (D-OH) are both preparing to leave their respective chambers and turn over their committees to new leadership.
Tackling the few remaining must-pass items before the end of the year
After a weeklong recess for Thanksgiving, Congress returns this week in hopes of tackling the few remaining must-pass items before the end of the year.
The post-election shuffle is well underway
We have officially closed out election season and the post-election shuffle is well under way. While we wait for the last two California House races to be called, which will dictate the final ratio in the lower chamber, anyone government-adjacent is reorganizing their outlook to prepare for a unified government next term.
A resolution looks imminent
The topic headlining this week continues to be a spending deal, though today we are pleased to report that a resolution looks imminent. Funding expires at the end of the month and lawmakers are eager to adjourn and hit the campaign trail.
Lawmakers failed to move forward with a spending deal last week
Lawmakers failed to move forward with a spending deal last week, so will return this week still working to provide funding continuity when appropriations expire at the end of the month. Meanwhile, a second failed assassination attempt against President Trump took place yesterday in West Palm Beach.
Congress is Back in Session for Three Weeks
Congress is back in session for three weeks before breaking (again!) for the October campaign period. During this session period, the headlines will mainly be focused on the fight to fund the government.