Stalemate in the Senate

Sen. Thom Tillis won’t budge – he’s refused to advance Warsh’s confirmation until a probe into Fed Chair Jerome Powell is dropped. It’s a classic case of political gridlock, and it’s getting old. Warsh is set to meet with Tillis, but don’t hold your breath – it’s unlikely to end the standoff.

The Holdup

Tillis is playing hardball, and it’s clear he won’t back down without a fight. The probe into Powell is a major sticking point, and it’s hard to see a way out of this mess. Warsh’s confirmation is just a pawn in a much larger game, and it’s anyone’s guess how this will all play out.