While we have enumerated a few of the items that will garner legislative and executive action in 2017, there are many issues still on the table.
- We expect Congress will need to raise the debt ceiling as early as March or as late as mid-summer.
- Trade will also be addressed as the President-elect seeks to address trade deals on day one of his Administration.
- Infrastructure will be a key piece of legislation aimed at job creation; however, the timing of such legislation is yet to be determined. How to pay for the $550 billion-plus proposal is the subject of much conversation, so the timeline for Congressional action could slip into the summer or fall depending on the legislative schedule and the many legislative items Congressional Republicans want to address.
As the Senate begins legislative debate this week, we’d be remiss if we did not mention the use of the filibuster in the Senate. The success of any such filibuster will center on whether Senate Majority Leader Mitch McConnell can keep Republicans together while picking up eight Democratic votes to overcome the 60 votes needed to beat a filibuster. While none of us want to think about the 2018 elections just yet, how Democrats vote – knowing 25 Democratic/Independent Senate seats are up for re-election in 2018, including several in states won by Trump – will be interesting to see. Let the 2018 election begin!