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AS IT GETS WORSE, AMERICA GETS ANGRIER
Although the Congressional schedule this week (see below) looks light, it will be anything but quiet on Capitol Hill. We will thus continue to monitor and analyze key developments related to sanctions against Russia, Belarus, their oligarchs, and pretty much anyone else Americans think may be playing a direct or indirect role accelerating geopolitical risk, encouraging aggression, and exacerbating human suffering. With the House out of session next week, new laws cannot be enacted, but the White House and Treasury will act as fast as possible and as assertively as they think is right, even if their edicts tread on the boundaries of current law when they are convinced that Congress will quickly codify what’s been done, as well as authorize still more.