Macro / Misc.


July 15, 2025

DC Quick Takes: Russian Sanctions; Trade; the Fed; and T-Bill Demand

By Joe Lieber

We want to highlight four issues this morning: 1) Russian sanctions; 2) trade; 3) Fed Chair Jerome Powell; and 4) increased T-bill demand as a result of the GENIUS Act—all four of which for the…

Read More >>

July 14, 2025

Capitol Policy Weekly: Trade, the Fed, Russia, Crypto Week and Rescissions—A Busy Week in Washington

By Joe Lieber

The main focus in Washington this week will likely be on trade, as negotiations between the U.S. and various trading partners continues.  Speculation surrounding whether President Trump might yet fire Fed Chair Jerome Powell could…

Read More >>

July 10, 2025

(PLNT, ADBE, ADT, CMCSA) FTC’s Click-to-Cancel Vacated: States Step In

By Joe Lieber

With the U.S.’s Eighth Circuit Court of Appeals vacating the Federal Trade Commission’s (FTC) “click-to-cancel” rule yesterday, we have two main takeaways:  While companies who make it difficult to cancel subscriptions dodged a bullet yesterday,…

Read More >>

July 9, 2025

(FLTR, DKNG, MGM, CZR, LVS, WYNN) Expect 100% Gambling Deduction to be Restored

By Joe Lieber

We believe legislation to take the 90% gambling loss deduction back to 100% is ultimately likely to become law, but finding a legislative vehicle this year may not be easy. Should enactment leak into next…

Read More >>

July 8, 2025

(ACB, CGC, CRLBF, CRON, TLRY) Cannabis Update: Despite Positive Comments, SAFER Banking Act Still Unlikely

By Joe Lieber

Despite some bipartisan optimism in the Senate that the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which would provide protections for financial institutions that provide services to the cannabis industry, will be considered this…

Read More >>

July 8, 2025

Trade and Tariff Conference Call Takeaway

By Joe Lieber

We provide our takeaways from a trade and tariff conference call we hosted last week considering tomorrow’s expiration of President Trump’s 90-day pause on reciprocal tariffs, though the effective rates have been pushed to August…

Read More >>

July 7, 2025

Capitol Policy Partners: Trade and Crypto on Tap; A Second Reconciliation Bill?

By Joe Lieber

While the House is out of session this week but with the Senate still in town, the big news out of Washington this week will be on the trade front, with President Trump’s self-imposed pause…

Read More >>

June 30, 2025

Capitol Policy Weekly: Reconciliation to Cross the Finish Line, Stablecoins, and App Legislation

By Joe Lieber

The House and Senate are in this week but mainly to pass the reconciliation bill and then they will adjourn for the week. Progress has also been made on getting the GENIUS Act, which would…

Read More >>

June 23, 2025

Capitol Policy Weekly: June 23-27: Iran, NATO Summit/Defense Spending, Reconciliation and Stablecoins

By Joe Lieber

The House and Senate are both in session this week with the U.S. attack on Iran and reconciliation likely leading the headlines.  President Trump is scheduled to give a speech at the NATO summit in…

Read More >>

June 16, 2025

Capitol Policy Weekly: June 16-20: Reconcilation, the G-7 and Stablecoins

By Joe Lieber

The early part of this week will be busy with the Senate Finance Committee expected to release today its version of the reconciliation bill, which includes the important tax and Medicaid/health care portions of the…

Read More >>