The Beltway & Beyond

From the crowded 2024 Republican presidential field to the influence of media, Cozen O’Connor Public Strategies (CPS) discusses Trump’s most recent indictment and arraignment, and their impact on a potential 2024 Biden-Trump rematch.

Featuring: CPS’ Howard Schweitzer, Mark Alderman, Rodney Davis, Patrick

Martin & Kaitlyn Martin

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After weeks of political impasse and tense negotiations, the Senate voted 63-36 to approve bipartisan legislation to raise the nation’s debt limit, sending the compromise bill to the White House ahead of a projected Monday default deadline. The result, at least until January 2025, will allow the Treasury to immediately resume paying bills with borrowed funds and it will impose spending caps on portions of the budget for two years.

Public Strategies’ Mark Alderman, Rodney Davis, and Towner French discuss this truly bipartisan success and break down the final tallies in both chambers. Also, as former VP Pence is set to launch his presidential campaign on June 7, they also ponder what impact it will have on the growing 2024 Republican primary

President Biden, Speaker McCarthy, and other congressional leaders were scheduled to meet on Friday to talk about a possible deal to increase the borrowing limit and meet the GOP demand of reducing federal spending. But the meeting has been postponed until early next week. On Wednesday, in what was the first major television event of the 2024 presidential campaign, CNN hosted a prime-time town hall with Donald Trump, propelling a tsunami of criticism from inside and outside the network.

Public Strategies’ Howard Schweitzer, Mark Alderman, Rodney Davis, Towner French, and Kaitlyn Martin discuss the debt-ceiling fight gripping Washington and the renewed questions about how the news media should handle the challenge of covering the Republican Party’s leading candidate going into the 2024 election.

High prices, rising interest rates, stubborn inflation, and banking uncertainty be damned: the U.S. labor market is still chugging along. Employers added 253,000 jobs in April, a higher-than-expected number that suggested the labor market remains strong despite the Fed’s continued campaign to fight inflation.

Public Strategies’ Howard Schweitzer, Rodney Davis, Patrick Martin, and Kaitlyn Martin break down the latest jobs report and its impact on the overall economy. And,

ahead of a looming June 1 deadline to raise the debt ceiling and avoid the first default in U.S. history, they also discuss what the White House and lawmakers are doing to revive the stalled debt-limit negotiations.

What a week it has been: on Wednesday, Public Strategies hosted a reception for Rodney Davis, officially welcoming the former five-term congressman representing Illinois’ 13th District to the firm. On Tuesday, after months of teasing and a lot of built-up anticipation, President Biden announced he will seek a second term in office, joined by Vice President Harris as his running mate. And on Monday, Fox News star host Tucker Carlson was abruptly fired.

Public Strategies’ Howard Schweitzer, Mark Alderman, Patrick Martin, Towner French, and Kaitlyn Martin talk about Biden’s announcement and discuss the impact on the conservative media landscape of Carlson’s sudden departure.

Gov. DeSantis made a trip to Washington, DC this week in a bid to rally congressional support, but his trip was overshadowed by a parade of new endorsements of Donald Trump, including those from several Florida House Republicans. DeSantis is widely viewed as Trump’s chief competitor in next year’s GOP presidential primary.

Public Strategies’ Howard Schweitzer, Rodney Davis, Towner French, and Kaitlyn Martin ponder if this week’s announcements underscore Trump’s enduring strength among Republicans and discuss President Biden’s likely announcement of his 2024 re-election bid next week and the possibility of a Trump-Biden rematch in 2024. And, as the federal government is expected to run out of cash as early as June, they also revisit the status of debt-ceiling negotiations.

Dave McCormick, a former under secretary of the Treasury for International Affairs and a well-funded former hedge fund CEO, has released a new book and is launching a new PAC. It's fueling speculation he might run again for a Pennsylvania Senate seat in 2024, after narrowly losing to Mehmet Oz last year. Meanwhile, there are calls for 89-year old Senator Feinstein (D-CA) to resign because of her prolonged absence from the Senate due to her health.

Public Strategies’ Howard Schweitzer, Mark Alderman, and Kaitlyn Martin ponder whether McCormick may be the GOP’s ticket to a 2024 win in Pennsylvania and discuss how Sen. Feinstein’s temporary replacement or permanent resignation could impact the Senate Democrats.

Public Strategies’ Howard Schweitzer, Rodney Davis, and Patrick Martin ponder the legal and political implications of the former President’s arraignment. And, as tensions mount between Washington and Beijing, they also discuss the ramifications of the meeting in California on Wednesday between House Speaker McCarthy and Taiwanese President Tsai.

With the 2024 presidential election inching closer, the looming potential indictment of the former President dominated the news this week, alongside discussions of a potential TikTok ban. Trump faces scrutiny in four ongoing criminal investigations that are gaining momentum, with the potential to upend the 2024 presidential race, in which Trump has already announced his candidacy. TikTok is under fire following its CEO Chew’s Congressional testimony on Thursday.

Public Strategies’ Mark Alderman, Rodney Davis, Towner French, and Kaitlyn Martin highlight the complexity of the legal calculations being made by prosecutors in New York, Georgia, and DOJ as they examine Trump’s conduct on several fronts, and discuss a Senate bill that would give Commerce Department the ability to review and potentially ban technologies associated with foreign governments, as TikTok faces increased congressional scrutiny.

In what was a textbook case of classic bank runs, Silicon Valley Bank and Signature Bank collapsed with astounding speed last weekend.

Are these failures the legacies of poor practices specific to these banks, or did aggressive interest-rate hikes and poor bank supervision cause their downfall? Public Strategies’ Howard Schweitzer, Mark Alderman, Rodney Davis, and Towner French break it all down and debate the makeup of the Republican presidential field.