November 18, 2022
The eye of the midterm elections has now passed. Open Secrets reported on November 3 that the total cost of federal candidate campaigns and federal political committees was expected to total $8.9 billion, and that the cost of state candidates, party committees, and ballot measure committees was expected to total an additional $7.8 billion.
Congressman Erik Paulsen joined Steve Gordon in writing about why the election results didn’t match Republican expectations – and the reaction in Washington – in today’s Heard on the Hill. Patrick Robertson writes about the list of items on Leader Schumer’s lame duck to-do list in Washington Whispers.
John McKechnie is Total Spectrum’s Senior Partner, with over 35 years of experience in the financial services sector. We asked John to bring us up to date on the credit card interchange bill sponsored by Senator Dick Durbin (D-IL) and Senator Roger Marshall (R-KS) which pits the financial services industry against the retailers. Ramona Lessen continues our focus on financial services with her review of the November 15 hearing by the Senate Banking, Housing, and Urban Affairs Committee entitled, “A Strong Banking and Credit Union System for Main Street.”
We’ll be back in December with our last This Week of 2022. We’ll review some of the highlights and maybe a few lowlights of this year and start to focus on the New Year and the next Congress.
Best wishes for a wonderful Thanksgiving.