Affordability first: House Democrats plan to prioritize affordability next year with legislation to roll back President Donald Trump’s tariffs, revive expired Obamacare subsidies and reverse Republican cuts to healthcare. Incoming House Ways and Means Chair Richard Neal says Democrats will first seek bipartisan support on issues such as tariffs before pursuing party-line legislation. Progressives are also pushing broader healthcare expansions, while calling for immediate relief for Americans. Bloomberg has the full story.
Skipping a decision: The Federal Reserve will skip an interest rate decision at its October 2027 meeting, reserving the session for broader discussions of monetary policy strategy under Chair Kevin Warsh. The change is part of Warsh’s effort to reduce the central bank’s market influence and streamline communications, including shorter policy statements and press conferences. The Fed will hold seven rate-setting meetings in 2027, with plans to add more strategy-focused sessions in 2028. CNBC has the full story.
Streak snapped: U.S. crude inventories rose by 4.7 million barrels to 414.4 million last week, ending five consecutive weeks of declines and exceeding expectations for a drawdown. Higher imports and lower exports contributed to the increase, while domestic production edged up to 14 million barrels per day. Gasoline inventories rose by 1.8 million barrels, while distillate stocks increased by 4.1 million barrels despite expectations for a decline. The Wall Street Journal has the full story.
What should be Louisiana's top priority when considering new battery storage projects?
