Hurdles Mounting for Deeply Divided House

WashingtonWise

02-11-2023 • 21 min

Huge challenges are looming as Capitol Hill inches its way back towards normal after the unprecedented ouster of the speaker of the House and a three-week search for his successor. On this episode of WashingtonWise, host Mike Townsend dives into how the recent chaos in the House and the emergence of a relative unknown may impact key policy issues. Mike offers his insight on the ever-present concern over a government shutdown, lawmakers' response to the president’s request for an emergency spending package to aid Israel and Ukraine, and how higher interest rates are fueling difficult decisions on the federal deficit. He also looks into the new White House executive order on artificial intelligence as well as the Federal Reserve’s decision to hold the interest rate steady.

WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.

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