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Month: November 2014

Investment News Cites TRP’s Rosenstock on 2015 Political Climate

Posted on by Thornrun

While some investment advisors are professing that Tuesday's midterm elections will "make Washington work and lead to legislation that helps them,"  Thorn Run's Jason Rosenstock tells Investment News that the political landscape for the financial sector may not be as favorable as some may suggest.  Although Republicans took the majority in the Senate and expanded their margins in the House, dysfunction in Washington will remain a barrier to achieving major reforms.  “I'm not sure the White House and the new majorities are going to be able to reach a 'Kumbaya' moment," said Rosenstock.

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TRP Election Update and Analysis

Posted on by Thornrun

Yesterday’s election provided a Republican wave that out-paced most prognosticators and polling experts.  At press time, Alaska (likely Republican) and Virginia (likely Democrat) remain undecided and the Louisiana Senate race (likely Republican) is headed to a runoff on Dec. 6.  As of this morning, Republican’s picked up 7 seats, giving them a 52-43 advantage and control of the Senate.  Two independents will caucus with Democrats—although Sen. Angus King (I-ME) has been coy about his intentions—likely bringing their numbers up to 45 seats. At this point, the most likely breakdown for the 114th Congress is a 54-46 Republican majority in the Senate.  In the House, the GOP has increased their majority by 14 seats with several elections yet to be called.  With 17 races yet to be called, the GOP holds an advantage of 243-175 in the lower chamber.  

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TRP Health Policy Report

Posted on by Thornrun
The House and Senate are out until November 12, as both chambers have been adjourned for several weeks ahead of tomorrow’s midterm elections. When legislators return to Washington, the House and Senate are expected to be in session for two weeks before breaking for the Thanksgiving holiday. Lawmakers will return in December, when work will continue on appropriations, expired tax provisions and efforts to curb corporate inversions. Other issues that could be considered during the lame-duck session include defense and intelligence operations reauthorizations and terrorism risk insurance (TRIA) reauthorization, as well as bills related to commerce, sanctions and trade. Healthcare-related items could also theoretically be on the agenda, including a permanent fix of Medicare's sustainable growth-rate formula (SGR) and an extension of funding for the Children's Health Insurance Program (CHIP). Congress may also take up a bill providing additional funds to combat Ebola in Africa and boosting domestic preparedness against the virus.

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