In today's edition of Politico Morning Money, TRP's Jason Rosenstock suggests that the Congress in 2015 could look a lot like that of 2011. "I believe that 2015 will look an awful lot like 2011," Rosenstock states, "except that the man made crises will be smaller in scope (i.e., if there is a shut down of an agency in March it will be limited only to DHS) and McConnell and Boehner will limit the debt ceiling fight only to headline risk." Rosenstock goes on to suggest that, while the Banking Committee will hone in on a number of controversion issues – particularly on the framework of the CFPB – the next two years will be spent laying the foundation for a grand bargain that will bring reform in 2017.
Politico: Will 2015 be like 2011 all over again?
“Thorn Run Partners’ Jason Rosenstock: “With the caveat that like any prognosticator, if I could truly see into the future I would spend my time buying lottery tickets, I believe that 2015 will look an awful lot like 2011 except that the man made crises will be smaller in scope (i.e., if there is a shut down of an agency in March it will be limited only to DHS) and McConnell and Boehner will limit the debt ceiling fight only to headline risk.
“While the Banking Committees will take on controversial issues such as TRIA, GSE reform and cyber security, the biggest fireworks will come over efforts to reform the CFPB — most notably replacing Director Cordray with a multi-member Commission. Finally, as the President alluded to in his end of year new conference, tax reform will be on the table, but my sense is that the next two years will be spent laying the foundation for a grand bargain that will bring reform in 2017.”