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12:45 PM Fed Chair Jerome Powell will address the Economic Club of Washington, D.C.  Watch it live here.

  7:00 PM Fed Vice Chair Richard Clarida will address the Money Marketeers of New York University on the “Economic Outlook and Monetary Policy.”

President Trump’s schedule (EST):

9:15 AM:  Departs the White House;

1:45 PM:  Arrives in McAllen, Texas;

2:10 PM:  Participates in a roundtable on immigration and border security;

3:30 PM:  Receives a briefing on border security;

4:40 PM:  Departs McAllen, Texas; and 

8:05 PM:  Arrives back at the White House. 

“White House Meeting Started With Sweets, but Quickly Turned Sour.”  Last night’s Wall Street Journal article led with:

WASHINGTON—President Trump opened the latest face-to-face negotiations with lawmakers like he was comforting members of one of his golf clubs. He made sure everyone had coffee and offered snacks—Butterfingers, M&M’s and Baby Ruths.

But negotiations in the Situation Room of the White House ended abruptly when House Speaker Nancy Pelosi (D., Calif.) again refused to support money for a southern border wall. A frustrated Mr. Trump put his hands in the air—two open palms on either side of his face—and said, “Bye-bye,” and left the room, according to people familiar with the meeting.

The meeting, which lasted only about 20 minutes, was the latest tense exchange between Democratic leaders in Congress and the Trump administration, signaling that there was no solution in sight to end the lapse in federal government funding that stretched into its 19th day on Wednesday. The longest shutdown in U.S. history under current rules lasted 21 days in 1995.

“[Senator] Graham launches last-ditch push to end shutdown.”  Last night’s Politico article led with:

Sen. Lindsey Graham is throwing a Hail Mary to reopen the government.

Graham brought together a half dozen Republican senators Wednesday afternoon in a last-ditch attempt to resolve the three-week stalemate before President Donald Trump deploys an explosive emergency declaration to build his border wall. The Republican senators were joined mid-meeting by White House emissaries Jared Kushner and Shahira Knight, the president’s congressional liaison.

Democrats were not invited to participate in the meeting, which largely comprised of centrist Republicans, including Sens. Rob Portman (R-Ohio) and Susan Collins (R-Maine). The participants emphasized that the discussions were preliminary in nature, but some of these senators are scheduled to meet Thursday with Senate Majority Leader Mitch McConnell to continue the discussions, according to congressional sources.

Political Insider

About Pete Davis

Pete Davis

Pete Davis advises Wall Street money managers on Washington, DC policy developments that affect the financial markets. Visit his website here daviscapitalinvestmentideas.yolasite.com.

Articles by Pete Davis

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