THIS WEEK:
- The House is out until Monday, October 23. The House Ways and Means Committee will be using the time to work on drafting a tax package as well as gathering input from stakeholders.
- The Senate is expected to pass their FY18 budget on the floor.
- Both sides of Pennsylvania Avenue will work to aid California in their relief and recovery efforts from the wildfires.
- Senators will be grappling with the next steps following Trump’s Iran announcement and health care Executive Order.
- The fourth round of NAFTA negotiations has been extended in hopes of making progress, but with little negotiating room from the U.S. they could be extended again.
MONDAY, OCTOBER 16:
- President Trump will be talking tax, immigration, and disaster relief at a Cabinet meeting this morning, followed by a lunch with Senate Majority Leader Mitch McConnell and Vice President Mike Pence.
- The Senate will hold a confirmation vote for Callista Gingrich to be the U.S. Ambassador to the Holy See around 4:00PM.
TUESDAY, OCTOBER 17:
- The Senate Committee on Health, Education, Labor, and Pensions will hold a hearing on prescription drug costs at 10:00AM.
- The Senate Banking Committee will hold a hearing on consumer data security following the Equifax breach at 10:00AM.
- President Trump is scheduled to meet with Prime Minister Alexis Tsipras of Greece.
- President Trump will deliver a speech on tax reform.
WEDNESDAY, OCTOBER 18:
- The Senate Judiciary Committee will hold a hearing on oversight of the Department of Justice at 10:00AM.
- Senate Finance Committee members are expected to visit with Trump at the White House to discuss tax reform.
THURSDAY, OCTOBER 19:
- The Senate Committee on Health, Education, Labor, and Pensions will hold a hearing on how healthy choices can improve health outcomes and lower costs at 10:00AM.
- The conclusion of 50 hours of debate and “vote-a-rama," is expected to make the final FY18 budget vote in the Senate on Thursday.
FRIDAY, OCTOBER 20:
- The Senate is expected to take up the disaster relief appropriations bill that passed the House last week once Senators vote on the FY18 budget.
Our Catalyst Calendar contains major policy dates and deadlines in Washington in addition to Hedgeye’s policy events. We will be updating the calendar as information changes and new dates are put on the books. YOU CAN FIND IT HERE and on our website.
TRUMP DECERTIFIES “ONE-SIDED” IRAN DEAL. HERE’S WHAT INVESTORS NEED TO KNOW: Our Senior Energy Analyst Joe McMonigle writes Trump warns if negotiations don’t address “serious flaws” then “the agreement will be terminated.” We expect oil sanctions in early 2018. Read the full piece here. In addition, here is a replay of our flash call from last week.
CALL TODAY | CANARY IN A COAL MINE | 4Q17 HEALTH CARE THEMES PRESENTATION: Our Senior Health Analyst Emily Evans invites you to watch live here.
DEFENSE INDUSTRY LOOKING AT MORE $ FROM NEWLY FOCUSED ARMY: Our Senior Defense Analyst Emo Gardner writes that defense companies, large and small, are zeroing in on the Army's capability to fight a more sophisticated enemy. Read the full piece here.
SENATE DEMS TARGET T-MOBILE/SPRINT (TMUS, S, T, VZ): Our Senior Telecom Analyst Paul Glenchur writes Senate Democrats want the DOJ and FCC to prep now for the coming deal, but Capitol Hill influence on deal review is limited. Read the full piece here.
