Financial Services Report (4/19)

Our Take For those working off their Big Game spiderwebs this morning, please appreciate that this is a relatively slow week.   The apex will likely come on Tuesday when the President delivers the State of the Union.   Beyond that there are a few hearings of note, including two on retirement security.   While infrastructure often is […]

Our Take While over, it is clear that the shutdown will be like a proverbial elephant in a room, and  the point of discussion for at least another week as Democrats hope to continue to use it as an example of the President's inability to govern.   This will transpire while all sides continue to negotiate […]

Our Take Yesterday our nation celebrated Dr. Martin Luther King Day.   Among his popular quotes is that “the arc of the moral universe is long, but it bends towards justice.”  As noted here there is a sense by some that this trajectory only occurs through the force of those seeking to bend it.   In thinking […]

Looking Ahead Near Term DC digs out of a real snowstorm. House Democrats may name new members to the remaining Committees, including the House Financial Services Committee. Further Out The State of the Union is scheduled for January 29th. At some point in the future the rest of the Government will be funded (hopefully) 

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 […]

Our Take Many believe that the overarching theme of Congress 2019 will be one of gridlock, with little legislative action expected to ultimately end up on the President’s desk – save perhaps an infrastructure and data privacy legislation.   And to the casual observer, that may ultimately appear to be correct, but beneath the surface Democrats […]

Our Take Over the next two weeks Congress and the President need to reach an agreement on the remaining spending bills in order to avoid a partial shutdown.   As that debate is keeping Congress open (when frankly, everyone in town would prefer that they were done for the year) and therefore providing an opening for […]

Our Take Earlier this week, while defending Leader Pelosi’s effort to put down a rebellion of members who believe that she has been Leader long enough, the folks at Pod Save America painted a broad brush against all moderates – and in the process conflating the problem solvers caucus with the New Dems – by […]

Our Take The first week immediately after the election of a lame duck Congress is a unique experience, a diptych, framing the juxtaposition between those arriving and those leaving.   Newly-elected members, sometimes with their spouses, sometimes with their staff can be found wandering around the Capitol complex, their faces full of expressions of awe and […]

Much to the delight of Senate staff, a deal was reached last week for the Senate to stand in recess until November 13th.  With the House of Representatives already out of town to campaign this means that this is the last newsletter until after the mid-term elections. Speaking of the mid-terms we are now three […]

Welcome to the Columbus Day edition of Thorn Run Partners' financial services report, where we provide you the insight and analysis that is ahead of the curve and driving the narrative in Washington, DC.     While Washington and the nation were gripped by the Kavanaugh nomination last week, there was also numerous events and activities taking place last […]

What a week that that was.  Between the convergence of the end of the fundraising quarters, the House getting out until after the election and the Kavanaugh hearing, it was certainly one of the maddest weeks in Washington, DC in recent memory.    However, there was also a lot going on in Congress in the […]