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In this episode of WashingtonWise Investor, Mike Townsend looks at President Biden’s picks for five administration posts and offers insights on how their decisions could impact the markets and your finances. He also discusses the mechanics of how a 50-50 Senate will work, examines the effort to balance confirming Cabinet nominees with preparations for the second impeachment trial, and scours for signs of bipartisanship as lawmakers try to hammer out another COVID relief package. Finally, he offers perspective on how a key senator’s announced retirement is a sign of frustration with a hyper-partisan Congress—but could be a good sign for retirement savings legislation.

WashingtonWise Investor is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.

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