Insights: Macro

Government Shutdown

On Friday, the Senate took an additional vote on a House-passed “continuing resolution (CR)” that would provide appropriations through November and allow the government to re-open, but no Democrats voted for it beyond the three that had done so earlier last week. Seven Democratic votes will be required in addition to all Republicans to reach the...

Healthcare, Macro

Fiscal Year 2026 Funding/Government Shutdown, ACA

Yesterday’s meeting between President Trump and Congressional leaders yielded no progress towards resolution of FY26 government funding. In fact, both sides emerged from the meeting echoing their partisan messages with no indication they intend to soften their current positions (i.e., Democrats demanding that an extension of enhanced ACA...

Fed Personnel/Litigation

The various lawsuits challenging President Trump’s ability to fire members of independent boards are moving to a more advanced stage. Most notably, last week the Supreme Court (SCOTUS) agreed to take up the case of Rebecca Slaughter, a member of the Federal Trade Commission (FTC), whom Trump attempted to fire in March. Separately, Trump has filed...

Healthcare, Macro

Fiscal Year 2026 Funding/Government Shutdown, ACA

At the urging of Republican leaders, President Trump cancelled a meeting this week with Democratic leaders to address the need to pass appropriations legislation to fund government operations past the 10/1 beginning of FY26. If appropriations legislation is not passed by 9/30, government operations (e.g., discretionary programs such as...

FY26 Funding/Government Shutdown, ACA

Funding for discretionary programs (i.e., loans, grants, military, other government operations - not mandatory/entitlement programs) ceases on 9/30, and if a new “appropriations” bill to fund these programs is not enacted by then, they will shut down. The House today passed a “continuing resolution (CR)” on a partisan Republican basis to sustain...

FY26 Government Funding/Shutdown, ACA

House and Senate Republicans appear to be planning for votes next week on a “continuing resolution (CR)" that extends FY26 government funding (appropriations) through 11/20. Without a CR, government operations (loans, grants, other non-entitlement programs) will shut down on 10/1.