As Trump Investigation Clouds, Clock Is Ticking On Legislative Agenda

With the history books potentially being re-written in the Trump investigation with obstruction of justice and a Trump impeachment a possibility, a report from Keefe, Bruyette & Woods says the real issue for markets is not a US constitutional crisis.  “These investigations threaten to continue to distract Congress from policy matters, like tax reform,” the June 8 research report observed, noting that there is still time to push through market-friendly tax policy. Another issue to slip through during the cloud of the Comey firing might be a Dodd-Frank legislative rollback known as the CHOICE Act. But ignore the bill passed by the House, the analysis says, the real bill is likely to take shape is in the Senate.

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