United States: Fiscal & Monetary Policy

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Article
Executive Action And Marijuana Legalization: What A President Can Do Without Congress
The executive branch possesses substantial authority to reshape federal cannabis policy without waiting for Congress. Through strategic use of existing statutes, the President could direct agencies to establish scientific pilot programs for medical and adult-use marijuana, initiate descheduling reviews, and create regulatory frameworks that demonstrate workable alternatives while building pressure for comprehensive legislative reform.
Global Government
HS
Harris Sliwoski
Article
The Topline: Steptoe Appropriations Newsletter | September 18, 2026
Senate appropriators signal that meaningful action on FY27 spending bills is unlikely before the election, while the House Appropriations Committee shifts focus to oversight hearings. Congressional Republicans continue discussions on reconciliation and debt limit strategies, though prospects for action during the lame-duck session remain uncertain as agencies begin FY28 budget planning.
United States Government
S
Steptoe LLP
Article
The Topline: Steptoe Appropriations Newsletter | July 24, 2026
Congress navigates a complex legislative landscape as the House passes a clean continuing resolution to avert a government shutdown, while simultaneously advancing a controversial third reconciliation package focused on defense and national security. With Senate Republicans divided and appropriations committees reshuffling leadership following Senator Lindsey Graham's passing, lawmakers face mounting pressure to address critical Defense Department funding shortfalls and negotiate bipartisan solutions before
United States Government
S
Steptoe LLP
Article
The Topline: Steptoe Appropriations Newsletter | July 17, 2026
Washington faces unprecedented challenges as the Senate grapples with the loss of influential Senator Lindsey Graham, ongoing leadership vacancies, and stalled appropriations negotiations. With Senate Minority Leader Chuck Schumer criticizing partisan budgeting approaches and Republicans struggling to advance spending bills, the path forward for FY27 funding remains uncertain. House leadership's announcement of a clean continuing resolution and advancement of a narrow $95 billion budget resolution add furth
United States Government
S
Steptoe LLP
Article
Secretary Bessent Signals Continued Emphasis On Sanctions, Financial Integrity And Economic Statecraft In Recent Speech
Secretary of the Treasury Scott Bessent outlined the Trump administration's approach to economic statecraft in a recent speech, emphasizing the strategic use of American economic power to advance national security objectives. His remarks signal continued focus on sanctions enforcement, financial system integrity, and combating illicit finance networks while promoting reciprocity in international economic relationships.
United States Government
KL
Herbert Smith Freehills Kramer LLP
Video
MFN Drug Pricing: What Pharmaceutical Manufacturers Need To Know About Their International Agreements (Video)
The Trump administration's executive order on drug pricing introduces Most Favored Nation (MFN) provisions that may render existing pharmaceutical contracts inadequate or counterproductive. Early assessment of international agreements under this new regime can create opportunities, while delayed action risks significant consequences for companies with pre-MFN contract terms.
United States Government
AP
Arnold & Porter
Article
This Week From The Hill (June 8 – 12, 2026)
Congressional Republicans are navigating complex budget reconciliation processes to fund immigration enforcement agencies while some members push for a third reconciliation bill focused on healthcare and other policy priorities. The partial DHS shutdown resolution left ICE and CBP unfunded, prompting alternative legislative strategies that face internal party disagreements over spending allocations and policy inclusions.
United States Government
GL
Groom Law Group
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