🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

House v Senate race (🐰🐰 v 🐢🐢?) on reconciliation is even crazier than it sounds. Need bicameral GOP agreement on budget resolution w/ reconciliation instructions before they suit up. Are GOP also racing to adopt rival budget resolutions/instructions? politico.com/news/2025/01/0…

🤔

House GOP reconciliation math stymied by far-right AND endangered GOP, especially those from blue states most affected by 🧂 cap. See purple dots in plot. True, cross-pressured GOP often cave to party...but w/such tight margin, every vote counts (& obv raises cost of recon bill).

This sort of “conditional independence” by the Fed is hardly any independence at all. Reminder that Fed (including its quasi-private reserve banks) can’t seal itself off from national politics. Mark Spindel press.princeton.edu/books/hardcove…

GOP Congress in 2017 rejected Trump proposal to cut university overhead rate to 10%. Blocked change in stopgap CR & appropriations bill. True, GOP team play stronger today than 2017. And Trump acted, didn't ask this time. But lawmakers not powerless here. nytimes.com/2017/09/11/us/…

Here's text Congress wrote into a 2017 CR. Blocked Trump/NIH from lowering the "indirect cost" rate to 10%, which would have slashed billions from biomedical research. Would Trump/Musk comply this time around? ¯\_(ツ)_/¯ But Congress not powerless to try in inevitable March CR

If you thought Trump roughed up the Fed in Season 1, say Sarah Binder and Mark Spindel, just wait for Season 2 trib.al/dDj4VIr

New post w/Mark Spindel on Fed's precarious political position during Trump 2.0. Past guardrails that protected Fed from Trump attacks (less-MAGA GOP, low inflation & legal precedents insulating agency authority) are far weaker today than during Trump 1.0 bloomberg.com/opinion/articl…

What next? Restoring seats for the Secretary of the Treasury and Controller of the Currency on the Federal Reserve Board?

From budget rules to Byrd baths 🐦🛁!

🎙️ Season 2 of Democracy in Question kicks off! On our first episode, host Dr. Katie Dunn Tenpas explores the state of checks and balances and how America’s founding principles hold up today with Molly Reynolds and Sarah Binder. 🎧 Listen here: brookings.edu/articles/how-d…

Variation in poverty by cong. districts (between & within parties). Swing district GOP wary of slashing Medicaid/SNAP, but poverty rates higher in GOP-held safe red districts. Still, poverty varies markedly across 20 most competitive GOP-held districts: <4% to >15% of families.

Crunch time for Senate Democrats on voting to fund the government. New Good Authority.bsky.social post on why and how the GOP has put Democrats in a vise — and Democrats’ limited options for getting out of it. goodauthority.org/news/us-govern…

Déjà vu all over again

I think he meant to say ... "The Democrats are the opposition. The Senate is the enemy."

We're live with "Where's Congress?" 🤓🤓 Got topics or questions you'd like me and John Sides to tackle in future Good Authority episodes? Send them along!