By S-3 Public Affairs
Fact of the Week: Bloomberg’s Matt Levine shared a report this week that finds meetings with the president is good for companies. The report reads, “Using novel data on White House visitors from 2009 through 2015, we find that corporate executives’ meetings with key policymakers are associated with positive abnormal stock returns.” Levine explains “it is good when businesses understand the law, and lawmakers understand business.” We’ve already seen this remain true in the Trump White House, with business leaders going directly to the president in efforts to prevent or respond to his policies (or tweets).
In the Administration: The administration got its White House celebration on health care this week, but now it must navigate the Senate. TheWashington Post’s Sean Sullivan, Abby Phillip, and Paul Kane note this will a big moment for the president’s relationship with Senate Majority Leader McConnell. McConnell remained largely silent throughout the House’s efforts on health care. “McConnell is cool and deliberative while Trump is hot and impetuous. But they have privately developed what people close to them say is a respectful relationship.” Remember though, “It was McConnell, after all, who helped hand Trump his only major congressional victory during his first 100 days in office: the confirmation of Gorsuch to the high court.”
What the White House will have to learn: “the methodical pace at which the Senate moves is necessary.”
On the Hill: While House members are back in their districts, the Senate has a busy week in Washington. On the floor will be the FDA Commissioner nomination, and the committees will take up the following:
- Monday: Sally Yates and James Clapper to testify at a Senate Judiciary Subcommittee hearing on Russian interference in the U.S. election (Note: there are reports this weekend claiming Russian interference in the French election as well); Full Senate is expected to vote on the nominations of Air Force Secretary Heather Wilson and FDA Commissioner Scott Gottlieb; 4th U.S. Circuit Court of Appeals hearing on the revised travel ban executive order;
- Tuesday: Senate Foreign Relations Committee hearing on Deputy Secretary of State nominee John Sullivan; Senate Armed Services Committee hearing on the nominations for three top Defense Department positions;
- Wednesday: Senate Judiciary Committee hearing on the nominations for three top Justice Department positions; Senate Homeland Security and Governmental Affairs Committee hearing on the “cybersecurity threat landscape;” Senate Budget Committee hearing on private sector growth and the economy; Senate Environment and Public Works Committee hearing on state views of modernizing the Endangered Species Act;
- Thursday: Federal Housing Finance Agency Director Mel Watt testifies at a Senate Banking Committee hearing on the status of the housing finance system.
In the Media: Axios’ Mike Allen this morning pointed to the Trump-bump national media outlets continue to enjoy, but Columbia Journalism Review notes the same is not true at the local level. CJR writes, “A potentially crucial local story went uncovered at a number of Gannett-owned newspapers this week. The big news? More reductions in the ranks of journalists at some of the titles owned by the Virginia-based media conglomerate. The scope? Gannett executives refuse to say. …
“Their continued decline comes as national media have been bolstered by digital investment and, more recently, renewed interest since the election of President Donald Trump. Despite debate over the centralization of the national press on the coasts, however, less attention is paid to how atrophy at the local level plays into media bubbles and drops in public trust.”