Sarah Binder

@sarahbinder.bsky.social

Political scientist by day (and night). GWU and Brookings. Co-editor, https://goodauthority.org/ sarahbinder.weebly.com

Kevin Warsh confirmed Fed chair on most partisan confirmation vote ever (since Congress mandated vote to confirm chair). Dems likely viewed Warsh too close to Trump, unwilling to distance himself from POTUS even on q of who won 2020 election. Writing's been on the wall; remarkable shift all the same

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Key takeaway from Trump (🌮) move to abandon criminal investigation of Powell & Fed renovation cost overruns: Fed independence" is no sure thing. The Fed needs defenders-- players who will come to the Fed's defense when politicians try to bully central bankers for lower rates.

The Fed might seem on a roll. Today it drew support from SCOTUS; last week, from markets & key GOP senators. But the Fed is not out of the woods. New @goodauth.bsky.social post w/ Mark Spindel on why Fed remains on defense & vulnerable to POTUS efforts to steer it. goodauthority.org/news/the-fed...

The Federal Reserve is still playing defense

The Federal Reserve is still playing defense. Four takeaways from the latest bouts between Trump and the Federal Reserve.

goodauthority.org

Powell goes full Schattschneider 🤓! Expand the scope of conflict, get audience off the sidelines & into the game. Gambit to rally political support for Fed & put Trump on defensive. Reminder that Fed depends on political support (from lawmakers, markets, judges, POTUS) to secure its “independence”

Federal Reserve@federalreserve.gov · 7mo ago

Video message from Federal Reserve Chair Jerome H. Powell: www.youtube.com/watch?v=KckG... www.federalreserve.gov/newsevents/s...

Where's Congress on Venezuela? New Brookings post: Don't count on Congress but don't count it out either. Bipartisan Sen. WPR discharge vote today is case in point: WH failed to keep GOP in line. POTUS use of force is not a cakewalk for POTUS or slim GOP majorities. www.brookings.edu/articles/the...

The global implications of the US military operation in Venezuela | Brookings

Brookings scholars assess the global implications of the U.S. military operation in Caracas, Venezuela.

brookings.edu

Discharge rule continues campaign for 2025 MVP award🏆! Coalition to extend ACA support hits 218 signatures, matching record 4 "entered" discharge petitions set 90 years ago (1937-8). Speakers today may have peak agenda power, but that's no match for angry 218 (and an organized minority).

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Rare House discharge success today. Reminder that the rule was born of legislators' frustration with an overbearing and overreaching Speaker (Czar) Joe Cannon in 1910. Granted, Speakers Cannon & Johnson had different reasons to batten down the floor agenda. But overreach can sometimes prove costly!

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Senate GOP tactics to make 2017 tax cuts "permanent" required nuclear move on Senate floor-- weakening authority of the parliamentarian, blowing hole in Byrd Rule, & possibly making future debt crisis more likely. New @goodauth.bsky.social post on fallout from OBBB goodauthority.org/news/three-b...

Three big takeaways from that “One Big Beautiful Bill.“

Republican tactics seem likely to weaken the Senate – and make fiscal crisis more likely.

goodauthority.org

Reminder on Byrd process: Parliamentarian has identified OBBB text that violates Byrd rule. Her advice doesn’t block text. She’s saying: If GOP still keep Byrd-offending text in OBBB & send it to floor, a senator can cry fowl (😉). Supporters would then need 60 votes to keep each proposal in bill.

Sarah Binder @sarahbinder.bsky.social · last yr.

Senate parliamentarian never sleeps! More Byrd droppings! These Ag panel droppings will get most 👀: Mandating ⬆️ state $$ contributions to fund SNAP & banning undocumented from food benefits These Byrd calls very slightly shift OBBB to center. Likely angers hawks, but might help Thune. Full list ⬇️

Senate parliamentarian never sleeps! More Byrd droppings! These Ag panel droppings will get most 👀: Mandating ⬆️ state $$ contributions to fund SNAP & banning undocumented from food benefits These Byrd calls very slightly shift OBBB to center. Likely angers hawks, but might help Thune. Full list ⬇️

Several Additional Provisions in Republicans’ “One Big, Beautiful Bill” Are Subject to 60-Vote Threshold, According to Senate Parliamentarian | U.S. Senate Committee On The Budget

The Official U.S. Senate Committee On The Budget

budget.senate.gov

Byrd droppings piling up from S Banking text. GOP-sought savings from Fed/CFPB are good reminder of Fed's *structural* independence. Guessing Byrd rule blocks zero'ing out of CFPB & Fed staff salary cuts, since Fed is self-funded & not reliant on Congress for appropriations.

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House GOP pay-fors more draconian for tax cuts this year compared to 2017 TCJA. Primary 2017 revenue raiser was🧂🧢 (after "border tax" killed). This time, slimmer GOP seeks more costly tax cuts & more politically salient revenue raisers (Medicaid/SNAP/ACA/Pell✂️). Pulls bill much farther to the right.

Would Democrats take advantage of GOP-proposed tax-free "MAGA savings accounts" for their kids? Would be a good test of "partisanship is a powerful drug." Pre-register your survey experiment(s) now 🤓