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Financial Services Report (1/7)

Our Take

Good Morning and welcome to 2019.   When we last left you the nation was involved in a significant cliff hanger, wondering whether the President and Congress would resolve how to fund the portion of the Federal government that was set to shut down on December 21st.    Unfortunately, that drama has continued into the new year with no end in immediate sight.   

Under the shadow of the shut down, the most recent iteration of  divided government commenced with the swearing-in of the new Congress this past week.   Things will be slow for the next few weeks as committees organize and initiate the rudimentary tasks necessary to govern.   But once the pro forma rust comes off, we fully anticipate a robust committee schedule — especially in the House.  When that happens, we will be sure to cover it all for you here, in your weekly edition of Thorn Run Partners' Financial Services report.

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Today on the Hill: Government Shutdown Enters 14th Day as 116th Congress Gets to Work

Congressional lawmakers are expressing pessimism about reaching a solution to end the partial government shutdown as the funding lapse enters its second week. Yesterday, House Democrats — joined by a handful of Republicans — passed a pair of measures that would end the partial government shutdown without providing additional funding for President Trump's proposed border wall. Congressional leaders will head to the White House today for a second meeting this week with the president, who formally issued a veto threat to the House-passed package. Senate Appropriations Chairman Richard Shelby (R-AL) stated yesterday that the shutdown could last for months if Congress cannot reach a deal that President Trump approves.

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Today on the Hill: Historic 116th Congress Set to Get Under Way

New lawmakers will be sworn in today at noon, marking the start of the 116th Congress. Democrats are set to regain control of the House after winning 40 seats in the 2018 midterm elections, while Republicans will enjoy a boosted 53-47 majority in the Senate after knocking off vulnerable Democratic incumbents in Florida, North Dakota, Indiana, and Missouri. The 116th Congress will make history for seating a record number of women, as well as welcoming the most racially and ethnically diverse group of lawmakers in Congressional history. A full list of new members can be accessed here

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Politico Influence: Schuyler Jumps to Thorn Run

In today's Politico Influence newsletter — the leading government relations beat in Washington D.C. —  Thorn Run Partners was cited following addition of Beau Schuyler as TRP’s 13th partner. Schuyler joins TRP after 25 years of experience in Washington as a respected lobbyist, political strategist and Capitol Hill staffer. “We are thrilled to add to Beau Schuyler to our team,” stated TRP co-founding partner Andy Rosenberg. “Beau has been a friend and respected competitor for many years, and we know that his reputation as a true professional, tireless advocate, and trusted client counselor will quickly make him an invaluable addition to the firm.”

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Veteran Democratic Lobbyist Beau Schuyler Joins Thorn Run Partners

As the firm’s 13th partner, Schuyler brings considerable tax and health policy expertise, as well as a wealth of strong relationships on Capitol Hill.

For immediate release: January 2, 2019

Contact: Andrew Rosenberg, (202) 247-6301, arosenberg@thornrun.com

Thorn Run Partners (TRP) announced today the addition of Beau Schuyler as Partner in their Washington, DC office. Schuyler brings over 25 years of experience as a respected lobbyist, political strategist and Capitol Hill staffer to his new firm.

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This Week on the Hill: 116th Congress Set to Gavel in Amid Contentious Government Shutdown

The 116th Congress is set to gavel in tomorrow at noon amid a government funding lapse that has shut down roughly 25 percent of the federal government. Set to lead the lower chamber for the first time since 2010, House Democrats plan to pass two separate bills — one funding eight departments that have been closed since December 22, 2018 through this September, and another temporarily reopening the Department of Homeland Security for one month through February 8. However, the Democrat plan is likely dead on arrival after the Trump administration characterized it as a “non-starter.”

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