Insights: Clients

President Trump and conservatives have expressed a preference for addressing the debt limit on a partisan basis, so as not to give Democrats the ability to leverage it for achieving other policy concessions. Reflecting this sentiment, the House-passed budget resolution includes a $4t debt limit increase. The Senate-passed budget resolution does...

Energy, Financials, Healthcare, Macro, Tech / Media / Telecom

Now that the House and Senate Republicans have each passed their own versions of a budget resolution, negotiations will commence in the coming days on adopting a joint resolution. This resolution establishes the allowable deficit parameters of subsequent “reconciliation” legislation that will make changes to taxes/spending. While Senate...

Tech / Media / Telecom

Children’s Data Privacy

The new Congress is wasting little time in resuming its efforts around children’s privacy/online safety legislation. The Senate Commerce Committee approved on a bipartisan basis Chair Cruz’s (R-TX) newly introduced Kids Off Social Media Act (KOSMA). KOSMA aims to enhance online safety for minors by prohibiting users under 13 from accessing...

Tech / Media / Telecom

The Senate Commerce Committee, which has jurisdiction over the FCC/spectrum policy, held a hearing this week on spectrum policy. Chairman Cruz (R-TX) used the hearing as an opportunity to push for enactment of his Spectrum Pipeline Act (see summary here), which would renew the FCC’s expired auction authority and require federal agencies to...

Energy, Financials, Healthcare, Macro, Tech / Media / Telecom

Reconciliation & Debt Limit

House and Senate Republicans are this week taking their initial steps towards enacting their reconciliation legislation, which enables them to enact changes on taxes, Medicaid, defense, and border security, among other issues on a partisan basis. The first step in this process is to pass a “budget resolution” that establishes the high-level...

Tariffs (Mexico, Canada, China, Europe)

The 25% tariffs imposed by President Trump on Mexico and Canada were suspended for 30 days after he had calls with Mexican President Sheinbaum and Canadian PM Trudeau. Meanwhile, China has put in place retaliatory tariffs in reaction to the 10% tariffs imposed by Trump. Trump and Chinese President Xi are apparently scheduling a call for some...