No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, May 15, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Congress Is Back – And ‘Busy’ Ahead of Midterms

by TheAdviserMagazine
22 minutes ago
in Business
Reading Time: 4 mins read
A A
Congress Is Back – And ‘Busy’ Ahead of Midterms
Share on FacebookShare on TwitterShare on LInkedIn



In 1948, President Harry Truman dubbed the 80th Congress the “do-nothing Congress” despite it passing a whopping 906 bills. It also created the DOD, CIA, and Air Force, established the Marshall Plan, the Truman Doctrine, the Taft-Hartley Act, and joined the United Nations. If only he could have seen the 119th! In 2025, the first year of the current session, lawmakers accomplished very little by comparison – and with the longest partial government shutdown in US history and the complete failure to pass the SAVE America Act, the first half of 2026 didn’t seem to be faring much better.

But then they took a little break after finally ending the record-shattering shutdown, and when they returned, they were ready to roll. From bipartisan attention to sexual misconduct and the hypocrisy of senators collecting paychecks during a shutdown to a ban on former lawmakers becoming lobbyists, the 119th Congress came back from a two-week recess with a vengeance. But is this newfound fervor for getting things done genuine, or are the career politicians just looking for soundbites as November’s midterm elections loom?

A Do-Nothing Congress Does It All

Before addressing what the 119th Congress did this week, let’s look at something it didn’t do. Lawmakers in the House held a vote over a motion to force President Donald Trump to end his operations in the Middle East, but they didn’t pass it – though not for lack of trying. Democrats forced a vote on a war powers resolution on Thursday, May 14, which failed in a 212-212 tie, with one Democrat joining the GOP in opposition and two vulnerable Republicans siding with the rest of the left-wing legislators for it.

This represents perhaps the biggest partisan victory for Republicans since returning to work – but it was far from the only thing the elected elites accomplished. On Wednesday, a discharge petition to bolster Ukraine in its war against Russia got its 218th signature, representing a majority in the House and teeing up a vote on the matter. The GOP at large opposed it, but two Republicans and an independent who once was a Republican joined all the Democrats to force consideration of the bill, handing the Democrats a hefty partisan win of their own this week.

In a more unified front, however, House Speaker Mike Johnson (R-LA) and Minority Leader Hakeem Jeffries (D-NY) announced a bipartisan effort to combat sexual misconduct in the legislature Wednesday. Led by the chairs of the Republican and Democratic women’s caucuses – Florida Republican Kat Cammack and New Mexico Democrat Teresa Leger Fernández – the partnership ostensibly will “identify reforms and solutions to make Congress a safter work environment for women and all survivors,” according to a joint statement by the two party leaders.

“No woman – regardless of party, title, or position – should ever feel unsafe in her workplace. Period,” Cammack said in a statement of her own.

The Super-Charged Senate

Democrats tried to stymie the president’s Iran agenda in the Senate, as well. On Wednesday, the GOP majority shot it down 50-49, though, yet again, three Republicans joined all but one Democrat in supporting the war powers resolution.

And just like in the House, the most sensational news comes in bipartisan form. A unanimous Senate passed a resolution on Wednesday to “suspend” pay for senators during any future government shutdown. The only upper-chamber lawmaker not to vote for the measure was Sen. Pete Ricketts of Nebraska – and his office announced that he did support the resolution; he just couldn’t make the vote in person because of a scheduling conflict.

Also this week, Sen. Rick Scott, a conservative Republican from Florida, and Sen. Elizabeth Warren, a progressive Democrat from Massachusetts, teamed up to introduce a bill to prevent former lawmakers from becoming lobbyists. Yet another popular talking point on both sides, this bill would ban both senators and House members from being registered lobbyists or being paid to try to influence lawmakers and staff on behalf of companies or groups, a common loophole allowing them to lobby unofficially without registering.

Is It Real – Or Just Political Theater?

If you’re thinking that seems like an awful lot of enthusiasm for change after a year-and-a-half of next to nothing, you aren’t wrong. In fact, the top comment on The Hill’s coverage of the anti-lobbying ban may well sum it up: “Another bill that has no chance, but we see a lot of them before midterms.” Does this bill actually stand a chance of passing both chambers and becoming law? Perhaps – but even if it does, that doesn’t change the suspicious timing. Pay-to-play schemes and former legislators leveraging their influence for the highest bidder are nothing new in the Swamp – so why now? Both Warren and Scott are freshly re-elected and don’t have to face voters themselves until 2030, but the clarion call to clean up politics as usual always plays well to both parties’ bases.

As well, the Senate’s unanimous resolution to “suspend” payment during shutdowns isn’t all it’s cracked up to be. On its face, such news sounds noble. But there’s a problem: The US Constitution establishes congressional pay, and actually removing it would therefore require a constitutional amendment. A full reading of the resolution, however, reveals the workaround:

“During any period in which a Government shutdown is in effect, the Secretary of the Senate shall disburse and hold any payments otherwise required to be made with respect to such period for the compensation of each Senator.

“The Secretary of the Senate shall release to each Senator any payments held under paragraph (1) with respect to a Government shutdown as soon as practicable after the date on which the Government shutdown ends.”

So in simpler terms, senators will still get paid – they just won’t get the checks until after the shutdown is over. According to a March report from SpotlightPA, regarding the most recent financial disclosures, at least 73 of the 100 senators are millionaires. Given that, going without one or two paychecks of $14,500 or more per month, only to collect them all at once shortly after, probably isn’t throwing many, if any, into dire financial straits.

So is it possible that 100 senators suddenly agreed to stand unified with the unpaid federal workers in the next shutdown, or that both sides of the aisle really want to limit their own options once they’re out of Congress? Sure. Just as a bipartisan House coalition could actually root out all the abusers haunting the halls of power. But such sensational, made-for-media moments certainly don’t hurt when it comes to public opinion in an election year, either.



Source link

Tags: Aheadbusycongressmidterms
ShareTweetShare
Previous Post

FAFSA completion rate for class of 2026 highest on record

Related Posts

edit post
Macro stability key for next leg of market rally: Sandip Sabharwal

Macro stability key for next leg of market rally: Sandip Sabharwal

by TheAdviserMagazine
May 15, 2026
0

Indian equity markets staged a sharp recovery after early-week volatility, aided by fuel price hikes finally being passed on to...

edit post
Global Market Today: Asian stocks rise after AI rally spurs US gauges

Global Market Today: Asian stocks rise after AI rally spurs US gauges

by TheAdviserMagazine
May 14, 2026
0

Asian stocks rose after Wall Street gauges hit records, buoyed by a rally in the AI trade, strong corporate earnings...

edit post
Claude is telling users to go to sleep mid-session. Users are annoyed but Anthropic says it’s a tic

Claude is telling users to go to sleep mid-session. Users are annoyed but Anthropic says it’s a tic

by TheAdviserMagazine
May 14, 2026
0

Anthropic’s Claude is telling people to go to sleep and users can’t figure out why. A quick scan of Reddit...

edit post
US stocks today: US stocks end higher on tech rally; investors eye Beijing talks

US stocks today: US stocks end higher on tech rally; investors eye Beijing talks

by TheAdviserMagazine
May 14, 2026
0

U.S. stocks advanced on Thursday, ​lifted by a rally in tech stocks as investors absorbed generally solid economic data and...

edit post
Fed Governor Stephen Miran to resign after Kevin Warsh is sworn in

Fed Governor Stephen Miran to resign after Kevin Warsh is sworn in

by TheAdviserMagazine
May 14, 2026
0

Federal Reserve Governor Stephen Miran said he will resign from the central bank effective once incoming Chair Kevin Warsh is...

edit post
Peter Thiel is leading investment in a reportedly  billion wave-powered ocean data center project

Peter Thiel is leading investment in a reportedly $1 billion wave-powered ocean data center project

by TheAdviserMagazine
May 14, 2026
0

As hyperscalers like Alphabet look to the skies as the next frontier of data centers, Peter Thiel is looking to...

  • Trending
  • Comments
  • Latest
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Florida Warning: With Senior SNAP Benefits Averaging 8/Month, Thousands Risk Losing Assistance in 2026

Florida Warning: With Senior SNAP Benefits Averaging $188/Month, Thousands Risk Losing Assistance in 2026

April 27, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

April 29, 2026
edit post
NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

April 23, 2026
edit post
Congress Is Back – And ‘Busy’ Ahead of Midterms

Congress Is Back – And ‘Busy’ Ahead of Midterms

0
edit post
9 Out of 10 Americans Are Ignoring the Social Security Rule Experts Say Matters Most

9 Out of 10 Americans Are Ignoring the Social Security Rule Experts Say Matters Most

0
edit post
Visa – V: Neue Einstiegschance beim Kreditkartenanbieter!

Visa – V: Neue Einstiegschance beim Kreditkartenanbieter!

0
edit post
Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed

Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed

0
edit post
FAFSA completion rate for class of 2026 highest on record

FAFSA completion rate for class of 2026 highest on record

0
edit post
Biggest Change To Trading In 25 Years

Biggest Change To Trading In 25 Years

0
edit post
Congress Is Back – And ‘Busy’ Ahead of Midterms

Congress Is Back – And ‘Busy’ Ahead of Midterms

May 15, 2026
edit post
FAFSA completion rate for class of 2026 highest on record

FAFSA completion rate for class of 2026 highest on record

May 15, 2026
edit post
Visa – V: Neue Einstiegschance beim Kreditkartenanbieter!

Visa – V: Neue Einstiegschance beim Kreditkartenanbieter!

May 15, 2026
edit post
Ethereum Flashes Key Sell Signal – 50% Corrective Phase Ahead?

Ethereum Flashes Key Sell Signal – 50% Corrective Phase Ahead?

May 15, 2026
edit post
Macro stability key for next leg of market rally: Sandip Sabharwal

Macro stability key for next leg of market rally: Sandip Sabharwal

May 15, 2026
edit post
Belgium Online Gambling Nearly Doubled to 14.8% Since 2018 Despite EU-Toughest Ad Ban

Belgium Online Gambling Nearly Doubled to 14.8% Since 2018 Despite EU-Toughest Ad Ban

May 14, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Congress Is Back – And ‘Busy’ Ahead of Midterms
  • FAFSA completion rate for class of 2026 highest on record
  • Visa – V: Neue Einstiegschance beim Kreditkartenanbieter!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.