What to Expect From Congress and Trump Ahead of Midterms

July 24, 2026 at 8:27 PM UTCThis is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Every Friday, Bloomberg Intelligence senior analyst Nathan Dean gives his insights into what’s been happening and what’s coming up in the nooks and crannies of government and markets. Sign up here. Email our editors here.The House is out on recess after passing a flurry of bills this week. That includes a $95 billion budget plan for funds for the war with Iran and aid to farmers, which squeaked through with a 216-214 vote. And I’m guessing most of the Senate wants to be at the beach as well. But there’s still some work to do. As Steven T. Dennis, Lydia Beyoud and Yash Roy write, there’s a high-stakes vote coming as soon as next week on a landmark cryptocurrency fr