Supreme Court Weighs Tariff Authority

The longest government shutdown in U.S. history may be over, but Washington now finds itself facing several tough issues that will have significant implications for the markets and the economy. In this episode of WashingtonWise, host Mike Townsend examines the fallout from the shutdown, including the risk of another shutdown in early 2026, how the lack of government economic data could impact the Fed's December decision on rate cuts, and how the ongoing debate over health care subsidies remains unresolved. He discusses why investors should keep an eye on two critical Supreme Court cases—one on the legality of much of President Trump's tariff policies and one that goes at the heart of Fed independence. He also shares his perspective on the 2025 elections, what they may signal for the 2026 midterms, and why more lawmakers than usual are calling it quits rather than running for re-election. Finally, Mike explores how the end of penny production after more than 230 years could be tricky for retailers and banks.

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