TD Cowen's Chris Krueger on chances of seeing a new face in the 2024 presidential election

28 Dec 2023 · over 2 years ago

The year starts with four months of policy cliffs and four must-pass bills.
Government funding runs out on January 9th and February 2nd, with potential cuts to discretionary spending on April 30th.
Congressional inaction this year may not be good for the markets if there is further inaction next year.
There are three separate tracks in Washington: policy cliffs, the election, and legal and constitutional matters.
Impeachment proceedings against the current president and criminal trials against a former president will intersect with the policy cliffs.
People close to the White House are concerned about the upcoming election.
The filing deadlines for presidential candidates have passed, but the nominations are not official until the Republican Convention in mid-July and the Democratic Convention in mid-August.
There is a chance for a Joe Manchin to jump into the race, along with third-party and independent candidates.