Beltway Briefing Podcast
Government Still Matters
March 12, 2022
On Friday, the U.S. moved to revoke “most favored nation” trade status for Russia, and ban imports of its seafood, vodka and diamonds, as it joined the EU and G7 countries in ratcheting up economic pressure on Moscow for its invasion of Ukraine. The day before, in an overwhelmingly bipartisan vote, the Senate passed a $1.5 trillion spending package to fund the federal government for the current fiscal year, capping off a fierce and urgent push to respond to the geopolitical unrest roiling Europe and approve $13.6 billion in aid to Ukraine. On the anniversary of the American Rescue Plan becoming law, and the second anniversary of the WHO’s pandemic declaration, Public Strategies’ Howard Schweitzer, Towner French, and Kaitlyn Martin break down the government response to Russia’s invasion and discuss how the one-two punch of rising energy prices and the intensifying geopolitical crisis could complicate the Fed’s efforts to rein in inflation and put the brakes on the rapid economic rebound.
