Let's bring in Democratic Congressman Chris Duzio from Pennsylvania, member of the Armed Services Committee. Congressman, we just played Speaker Johnson saying he's working in good faith with lawmakers on both sides of the aisle, but he's canceled votes. He's keeping the House out of session for another week.Practically speaking, what is getting done. >> Well, as you just said it, Speaker Johnson canceled votes this week and last. The Republicans have full control.The House, the Senate, the White House. The ...

Economic Outlook - The U.S. economy is expected to grow at 3.8% or better, driven by private sector initiatives and the supply-side agenda of the Trump administration, which includes lower taxes and less regulation [5][6] - The Federal Reserve is perceived as being "rudderless" and may be on a rate-cutting path, with expectations for a quarter-point cut at the upcoming meeting on October 29 [3][11] Market Reactions - Gold prices are rallying towards $4,000 an ounce, and Bitcoin has surged to a new all-time high of $125,000, as investors seek safety in commodities amid expectations of Fed rate cuts [2] - Futures traders are pricing in a 96% chance of a quarter-point cut at the October meeting, indicating strong market sentiment towards easing monetary policy [11] Federal Reserve Insights - Fed Governor Steven Myron advocates for a larger rate cut of 50 basis points, citing factors such as stricter immigration policies and cooling rent trends that could help reduce housing inflation [7][11] - The Fed's current policy is seen as distorting the yield curve, with the rate it pays on cash reserve balances of commercial banks at 4.15%, comparable to a 10-year Treasury bond yield [8][9] Small Business and Credit Access - Access to capital for small and medium-sized businesses is crucial for economic growth, and the Fed's rate cuts should focus on expanding this access rather than merely responding to job numbers [12][14] - The real growth in the economy is expected to come from small businesses, which are essential for increasing production and services [13][14]

Tonight, the White House's new move to send the military into American cities. The California National Guard now on the ground in Oregon, officials say, with protests against immigration raids erupting in Portland. And in Chicago, where one woman was shot in a confrontation with agents.President Trump insisting troops are needed to protect ICE officers, but Democratic governors pushing back. >> They want to create the war zone so that they can send in even more troops. Late breaking developments on the esca ...

We are now 5 days into a government shutdown with no end in sight and voters are still pinning most of the blame on the GOP. According to a new CBS poll, 39% of voters say President Trump and Republicans should be held responsible, while 30% say Democrats are to blame and 31% say both parties are at fault here. Here's what House Minority Leader Hakee Jeff and Speaker Mike Johnson had to say about where negotiations stand.Republicans, including Donald Trump, have gone radio silent. And what we've seen is neg ...

Healthcare Policy & Funding - The report highlights the urgent need to address the Affordable Care Act (ACA) and the potential expiration of tax credits, emphasizing the dramatic impact on everyday Americans [3] - The speaker calls for a complete rollback of Medicaid cuts, despite Republican opposition, framing it as essential to addressing the healthcare crisis [1] - The report advocates for a bipartisan negotiation to reopen the government and pass a spending bill that improves the quality of life for Americans, particularly concerning healthcare costs [7] Cost of Healthcare - A married couple making $88,000 per year currently pays about $8,000 annually for healthcare insurance [3] - If ACA tax credits expire, the same couple could be forced to pay $24,000 per year, a 300% increase, making healthcare unaffordable [4] - The report argues that allowing ACA tax credits to expire will cause premiums and healthcare costs to skyrocket, exacerbating the existing financial burden on Americans [8] Political Stance & Negotiation - The speaker criticizes Republicans for failing to lower costs as promised and attributes rising costs to Trump's policies and tariffs [8] - The report emphasizes the need for a bipartisan negotiation to address the healthcare crisis with urgency [8] - The speaker advocates for a "clean" continuing resolution (CR) at fiscal year 2023 levels as the only way forward, opposing the use of government shutdowns to advance policy agendas [6] Impact on Americans - The Republican healthcare crisis is described as devastating to the well-being of Americans across various demographics, including rural, working-class, urban, small-town, and minority communities [2] - The potential expiration of ACA tax credits is portrayed as a threat that could bankrupt families and leave them without healthcare coverage [4]

Project 2025 & Government Shutdown - Project 2025 is a 922-page ultra-conservative agenda crafted by the Heritage Foundation, aiming to reshape policy for potential Republican administrations [1] - The current government shutdown is viewed as an opportunity to implement aspects of Project 2025, including budget cuts and agency restructuring [1] - Russell Vote, a self-described Christian nationalist, is considered the key architect of Project 2025, advocating for aggressive use of executive power [1] Political Strategies & Consequences - The White House is accused of using the shutdown as cover to enact policies aligned with Project 2025 [1][3] - $18 billion in transit project funding in New York and $8 billion in green energy funding in 16 states are threatened to be frozen or canceled [2][3] - The Democrats are advised to allow the shutdown's consequences to be felt by voters, particularly those who support Trump, to highlight the negative impacts of his policies [10][14] - Republicans in swing seats are reportedly concerned about the political fallout from the shutdown [11] - Early polling suggests that approximately 150% more people blame Trump and the Republicans for the shutdown [13] Economic Impact - Tariffs are identified as causing "enormous economic damage," hurting farmers, working-class manufacturing jobs, and construction jobs [9] - The potential for farmer bailouts is discussed, with concerns that such bailouts could be seen as a validation of Trump's policies [14][15] Virginia Elections - Virginia is highlighted as a bellwether state, with upcoming congressional races in 2026 being particularly important [12][18][21] - Republicans risk losing three or four congressional seats in Virginia due to the shutdown [18]

🇺🇸 UPDATE: A Democratic measure to end the U.S. government shutdown is failing to garner enough Senate support to pass; voting is ongoing. ...

🚨 UPDATE: The US September non-farm payrolls report was not released due to the government shutdown. https://t.co/FsNovULk8b ...

Core Viewpoint - A decline in tech stocks impacted the S&P 500, with mixed performance across major indexes [1] Group 1: Market Performance - The Nasdaq decreased by 0.3% [1] - The S&P 500 experienced a slight increase of 0.1% after briefly turning lower [1] - The Dow Jones Industrial Average rose by 316 points, or 0.7% [1] Group 2: Market Context - All three major indexes reached intraday record highs earlier in the day [1] - A record closing high is possible if the indexes finish higher [1] - The rally lacked strong drivers due to the delay of the significant nonfarm payrolls report for September caused by the government shutdown [1]

'No good outcome' - voters across US share concerns about shutdown https://t.co/aNThvk3jZl ...