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Michael Townsend

Political analyst, Charles Schwab & Co., Inc. Helping investors understand how policy and politics in Washington affect the markets and your investments.

Articles

  • 1 week ago | schwab.com | Michael Townsend

    Modal can be closed by pressing Escape key. MIKE TOWNSEND: Over the last couple of months, debate over the so-called One Big Beautiful Bill Act has dominated the nation's capital. The legislation—and, yes, the One Big Beautiful Bill Act is actually its official name—is a massive tax and spending bill that encompasses much of the president's domestic policy agenda.

  • 2 weeks ago | advisorperspectives.com | Michael Townsend

    Hurdles remain as the Senate prepares a revised version of the One Big Beautiful Bill Act. The Senate is continuing to work behind the scenes to develop its version of the massive tax and spending bill that passed the House of Representatives by a single vote on May 22nd. The Senate is going to make changes to the bill—it's just a question of how significant those changes will be.

  • 3 weeks ago | schwab.com | Michael Townsend

    MIKE TOWNSEND: It feels like not a day goes by where I don't get a few text messages and e-mails that seem like they might be legitimate but are always just a bit off. I got one this week that insists I have an unpaid speeding ticket and that my license is going to be suspended if I don't click on this link to pay what I owe.

  • 4 weeks ago | advisorperspectives.com | Michael Townsend

    Other provisionsThe legislation passed by the House of Representatives includes spending cuts from many domestic programs while also boosting defense spending by $150 billion and spending for border security and immigration policy by nearly $50 billion.

  • 1 month ago | schwab.com | Michael Townsend

    Modal can be closed by pressing Escape key. MIKE TOWNSEND: For investors, 2025 has been quite the roller coaster. It's almost like we've experienced three entire market cycles—and it's only May. From the beginning of the year to the market high on February 19, the S&P 500® was up 4.7%, and the Nasdaq Composite rose 4%. A solid start to the year, no question.

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Michael Townsend
Michael Townsend @MikeTownsendCS
24 Jun 25

Will be on @SchwabNetwork around 3:50 today to talk Fed Chair Powell's testimony on Capitol Hill, the latest on the One Big Beautiful Bill and more.

Michael Townsend
Michael Townsend @MikeTownsendCS
19 Jun 25

On today's episode of my WashingtonWise podcast, I focus on the One Big Beautiful Bill's implications for taxpayers, investors and the markets as the Senate makes changes to the House-passed version. Plus updates on the Fed, crypto, rescissions and more. https://t.co/SzQc5wK2xh

Michael Townsend
Michael Townsend @MikeTownsendCS
18 Jun 25

RT @KathyJones: The median “dot” from the Fed’s plot suggests two rate cuts by year-end, unchanged from the March meeting. There’s a wide d…