Brendan Pedersen

The Senate's two-week sprint to the August recess will focus mostly on Cabinet-level nominations while party leaders try to pass a Russia sanctions

The Federal Reserve will conclude its most uncertain interest rate meeting in years Wednesday afternoon.

Senate GOP leaders have a bunch of items on the agenda before the August recess — and very little clarity on when, how and if it will all get done.

After days of slow-motion negotiations, Senate Majority Leader John Thune has set up a series of high-profile votes today, including on the Russia sanctions bill and a short-term government funding package.

Federal Reserve Chair Kevin Warsh held a flurry of meetings with members of Congress in June, according to a review of Warsh's public calendar.

First in the Vault. The Treasury Department will publish a major proposed rulemaking implementing the GENIUS Act later Monday morning, according to officials briefed on the plans.

News: Rep. Sean Casten (D-Ill.) is weighing a bid against Rep. Maxine Waters (D-Calif.) to be the next top Democrat on the House Financial Services Committee, according to four Democratic sources familiar with the discussion.

First in Punchbowl News. A 501(c)(4) linked to the crypto super PAC network Fairshake will launch a series of national ads in the coming days aimed at shoring up support for the Clarity Act.

Jake and Brendan go over what Senate Majority Leader John Thune told us about the future of the Senate. Plus: HMP's redline. Jake Sherman Brendan Pedersen

While you were sleeping, the Senate's crypto crucible began. Senate Republicans released a new version of the Clarity Act late Sunday night