In today's edition of Politico Morning Money—Washington's leading financial services newsletter—TRP’s Jason Rosenstock's comments on the outlook in Congress and upcoming legislative deadlines. Rosenstock reflects the recent House passage of a permanent “doc fix” as a sign for potential agreement on other issues, specifically citing reauthorization of the Export-Import Bank. "After all, if Speaker Boehner and Democratic Leader Pelosi can find agreement on a bill that blends entitlement reforms, increases in community health spending and takes the annual headache of the so-called ‘Doc Fix’ off the table, perhaps future deals are in the works,” Rosenstock states. “Perhaps they can replicate that success to find a path forward to reauthorize the Ex-Im Bank and on the other remaining ‘cliffs’ that Congress has to deal with this year.”
Politico: Does Congress work again?
Thorn Run Partners’ Jason Rosenstock in his week-ahead note going out this a.m.: “As we close the books on one of the most productive weeks in Congress this year (and perhaps in recent memory … one can’t help but wonder if we should take it all as a sign of a rebirth of old school congressional deal-making. After all, if Speaker Boehner and Democratic Leader Pelosi can find agreement on a bill that blends entitlement reforms, increases in community health spending and takes the annual headache of the so-called ‘Doc Fix’ off the table, perhaps future deals are in the works. …
“[T]he next real ‘cliff’ is the Export-Import Bank authorization set to expire on June 30th. … As with any financial advice, past performance is never an indicator of future success, but if the Speaker and Leader Pelosi can find common ground to pass the SGR deal by a vote of 392-37 then perhaps they can replicate that success to find a path forward to reauthorize the Ex-Im Bank and on the other remaining ‘cliffs’ that Congress has to deal with this year, including the likely union of the debt ceiling and funding the government towards the end of the year.”