Business & Economy

On The Money: Shutdown Day 26 | Pelosi calls on Trump to delay State of the Union | Cites ‘security concerns’ | DHS chief says they can handle security | Waters lays out agenda | Senate rejects effort to block Trump on Russia sanctions

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THE BIG DEAL–Shutdown drama leaves State of the Union address in doubt: Speaker Nancy Pelosi (D-Calif.) asked President Trump on Wednesday to delay his State of the Union address set for Jan. 29 until after the government reopens.

{mosads}Pelosi said because the Secret Service is the lead agency for security and it has not been funded due to the shutdown, the address should be put off. 

As an alternative, Pelosi said Trump could consider submitting the State of the Union in writing, which was the previous norm for presidents started by Thomas Jefferson in 1801 and ended by Woodrow Wilson in 1913. 

“Sadly, given the security concerns and unless government re-opens this week, I suggest that we work together to determine another suitable date after government has re-opened for this address or for you to consider delivering your State of the Union address in writing to the Congress on January 29th,” Pelosi wrote in the letter to Trump. The Hill’s Mike Lillis explains why here.

Pelosi insisted that her decision was over safety and security concerns. The House also passed a Democratic-backed emergency disaster relief bill on Wednesday that includes an amendment funding the federal government through early February.

But Republicans pounced on the speaker and accused her of using the State of the Union as a political cudgel in shutdown talks.

Republican leadership also suggested that Trump should come to the Capitol to deliver his annual update even if she decides to rescind the formal invitation, reports The Hill’s Juliegrace Brufke.

“I think he should come here and give a speech like everybody else. I watched when Republicans had the majority in the House, never did we disinvite President Obama. Never did we put politics ahead of America. That is what she is doing,” House Minority Leader Kevin McCarthy (R-Calif.) told reporters Wednesday.

“It shouldn’t be what else should happen – he should come here, he should give the speech and Speaker Pelosi should act like a speaker and have the president and keep her word,” he said.

The Trump administration also sought to counter Pelosi’s claim. Secretary of Homeland Security Kirstjen Nielsen said on Twitter that her department and the Secret Service, which she oversees, “are fully prepared to support and secure the State of the Union.”

The White House hasn’t yet responded to Pelosi’s request to move the date, though Nielsen’s statement indicates Trump is not inclined to grant it.

Why is this happening?

 

LEADING THE DAY

Waters lays out Financial Services agenda: Rep. Maxine Waters, chairwoman of the House Financial Services Committee, delivered a speech Wednesday outlining her priorities as she takes control of the powerful panel. Here are the main highlights:

A slew of freshman Democratic firebrands will join Waters on the Financial Services panel, including Rep. Alexandria Ocasio-Cortez (N.Y.).

While New Yorkers often land seats on the Financial Services panel, those who do are often more sympathetic to Wall Street. But Ocasio-Cortez, who identifies as a democratic socialist, often touts her refusal to accept corporate donations and criticizes colleagues with close ties to the financial sector.

 

Senate rejects effort to block Trump on Russia sanctions: The Senate on Wednesday narrowly rejected a Democratic-led effort to block President Trump from lifting sanctions against three Russian businesses.

{mossecondads}Senators voted 57-42 to end debate on the resolution, falling short of the 60 votes needed. If all Democrats supported the measure, they needed to win over 13 GOP senators. The Hill’s Jordain Carney explains here.

Background

 

GOOD TO KNOW

 

ODDS AND ENDS