Situational Awareness
The Senate convenes today to consider nominations to the Federal Deposit Insurance Commission while final touches are made on an omnibus appropriations package. The House returns to Washington on Wednesday.
Omnibus Spending Package Legislative Focus of Week
House and Senate appropriators are scurrying to cobble together an omnibus spending package by the end of this week, when the continuing resolution keeping the government open expires. Legislators and leadership agreed last week to an overall spending level of $1.7 trillion. While each of the 12 subcommittee bills is working off agreed-upon topline numbers, the details have yet to be worked out and there is likely to be quibbling over policy riders as there is each year. The Senate is expected to take up the measure first and it is unclear how much Republican support there will be for the package—House Republicans have not yet agreed to support the package.
January 6 Committee Political Focus of Week
The House Jan. 6 Committee will vote today on recommendations for criminal prosecutions against former President Donald J. Trump and several others, including his Chief of Staff, Mark Meadows. The Committee convenes at 1:00 p.m. ET Monday to release their final report and vote on what would be unprecedented criminal referrals involving a former president. It is expected the committee will vote on charges of insurrection, obstruction of a government proceeding and conspiracy to defraud the United States. Today’s hearing and votes wrap up a 17-month investigation into the events at the Capitol on January 6, 2021.
Housing Slowdown Different Than Last
Over the weekend, the Wall Street Journal published a story outlining how the slowdown the housing market is experiencing is much different than the last one we saw during the Great Recession. Homeowners are better positioned to withstand reductions in value due to growth in equity and changes in lending practices. The chart below appeared in the article and is sourced from the Urban Institute.
New Webcast: Casting a Wider Net with Kid’s Programming
Join us Thurs., Jan 12, at 2 pm ET to expand your youth programming. Club membership is skewing younger and it’s a great time to attract new families—and keep them engaged and involved for a long time. Dan Schmitz, owner, KE Camps, will explain how focusing only on programming profits and loss can lead to missing out on some great options that offer long-term wins. Register here.
National Club Conference Registration is Now Open
Register now for the 19th annual National Club Conference, May 7-9 in Chicago! The industry’s most exciting Conference provides C-suite education for club presidents, board members, general managers/CEOs/COOs and staff with best-in-class facilities and recreational events. Don’t miss this opportunity to improve your skillset and professional network. Register at the pre-sale rate here.