Like volatility in droughts or demand-pull ag markets, the coming weeks, and perhaps months, in Washington are primed for major swings amid the political action… or inaction.

Congressional sources privately tell us they can no longer rule out the U.S. defaulting on its debt. That would have significant market impacts.
WHIP+ in CR, but GOP insists no debt limit language
House Speaker Nancy Pelosi (D-Calif.) has promised moderates in her party a vote on the bipartisan infrastructure bill by Sept. 27. Leaders want the budget reconciliation measure done by October. That’s a lot to do in a short time.

Our daily reporting will chronicle the twists and turns on these issues. Recent developments show change can come fast and furious. Sounds like markets again, doesn’t it?

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