What Wall Street is watching in terms of what Washington needs to get done this summer

• Congress's current legislative focus is on a reconciliation bill (funding ICE/DHS) and a War Powers Resolution, not on inflation or gas prices.
• Voters' top concerns are the economy, jobs, prices, and inflation, while foreign policy is less of a priority.
• Housing affordability legislation is being debated, and FISA reauthorization is complicated by recent appointments.
• The legislative calendar is compressed, limiting time for significant policy achievements before the summer recess and midterm elections.

The discussion highlights the compressed congressional calendar ahead of midterms, noting a disconnect between voter priorities (economy, inflation, gas prices) and current legislative efforts. Congress is focused on a reconciliation bill for ICE/DHS, a War Powers Resolution, housing affordability, and FISA reauthorization, with little immediate action on domestic economic relief.