TenCount -> President Trump to address United Nations General Assembly

Sphere Consulting - TenCount News at HoaxAndChange.com

TenCount -> President Trump to address United Nations General Assembly

Sphere Consulting - TenCount News at HoaxAndChange.com

Sphere Consulting – TenCount News at HoaxAndChange.com

 

A highly selective view of events in the week ahead with important financial, legislative and political implications, put together by your friends at Sphere Consulting.

Edited by Edward Wyatt

  • President Trump headed for New York on Sunday ahead of the United Nations General Assembly, the annual gathering of potentates and heads of state. He is to address the U.N. audience on Tuesday when he is expected to trumpet his America First policies. The remainder of the week comprises a series of meetings with a wide array of foreign government officials. The House of Representatives is on leave this week, with the Senate in town for the first half of the week.
  • Art of the Deal? The president sent mixed signals, at best, last week on the fate of DACA, the immigration policy that protects individuals who were brought here as children by their parents. After first saying he would end the policy, he backtracked and sided with Democrats, saying that no one wants to force the Dreamers to leave. But opponents are angry that the president is considering what they call amnesty, an anathema to conservative Republicans.
  • How to reconcile those opposing viewpoints on the future of immigration is the focus of a couple of think tank events this week. On Wednesday, the Center for American Progress hosts “Immigrants Are Welcome Here: State and Local Actions During the Trump Era.” And on Friday, the Brookings Institution’s Center for Effective Public Management convenes a panel to discuss “Immigration Policy in Trump’s America.”
  • Global trade has been at the top of President Trump’s agenda since the beginning of his campaign when he lambasted NAFTA and other trade deals that he said have cost Americans jobs. On Monday, the Center for Strategic and International Studies hosts Robert Lighthizer, the United States Trade Representative, who will discuss “U.S. Trade Policy Priorities.”
  • Two weeks left before the end of the fiscal year and no details yet on what the administration sees as its priorities on a tax overhaul plan. One area Republicans have targeted is the deduction for state and local taxes, an idea that has Republicans from blue states – where taxes are often higher – in a bind. The chairman of the House Ways and Means Committee told colleagues that a detailed framework for a new tax plan would be released next week.
  • Another element of President Trump’s tax plan is to reduce the corporate income tax to 15 percent, a reduction that he believes will lead American businesses to repatriate billions of dollars of profits earned overseas. On Tuesday, the Senate Finance Committee conducts a hearing to look at that and other issues of “Business Tax Reform.”
  • Remember the Fed? Not too many months ago, just about everyone and his grandmother was predicting one if not two more interest rate hikes this year by the Federal Reserve. No more. The Federal Open Market Committee meets Tuesday and Wednesday to discuss how the economy could fare in the wake of two hurricanes that caused untold destruction in Texas and Florida. Now the betting is that the Fed will hold steady, at least for two more months. Fed Chairwoman Janet Yellen conducts a press conference Wednesday after the committee announces its decision at 2 p.m.
  • Just two weeks ‘til the First Monday in October, the traditional day of the convening of the Supreme Court. One of the court’s early cases this fall will be Masterpiece Cakeshop v. the Colorado Civil Rights Commission, over the refusal of a baker to design a cake for a same-sex couple’s wedding. Despite looking like a freedom of religion case, most of the arguments will focus on free speechOn Tuesday, the Heritage Foundation will discuss the Cakeshop case and more when it holds its “Supreme Court Preview of the 2017 Term.”
  • The opioid epidemic continues to rage, even though the number of prescriptions of opioids has fallen in recent years thanks to crackdowns by federal and state officials. Now, however, with prescription opioids harder to come by, the use of heroin and fentanyl, less expensive street drugs, has risen sharply. On Tuesday, the Center for Strategic and International Studies hosts “International Lessons and the U.S. Opioid Epidemic.”
  • What does China want? It’s been easy to forget about China’s staking out of the South China Sea, what with Kim Jong Il’s continuous barrage of missiles being launched over Japan. But China bears watching. On Monday, the Woodrow Wilson Center hosts “China’s Arctic and Antarctic Ambitions,” while on Friday the Institute of World Politics examines “The Chinese Threat to the World and the Chinese Invasion of Southeast Asia.” 

    Edward Wyatt is a senior vice president at Sphere Consulting LLC, which he joined in May 2015 following a 20-year career as a reporter and correspondent for The New York Times. He works with public affairs clients in the financial services, technology, and industrial sectors.

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