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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Friday, January 05, 2007

New Congress: Investing Pluses and Minuses

WASHINGTON, D.C. - A former Hill staffer armed with a business degree from the University of Chicago, Stuart Sweet makes his living telling Wall Street what's going on in Washington. With the 110th Congress kicking off this week, we checked in with Sweet, president of D.C.'s Capitol Analysts Network, to get his take on sectors bets for the Beltway-minded investor.
“The volatility of Washington has increased considerably,” says Sweet. “My job has gotten more interesting.”
Broadly speaking, Sweet's take is that this Congress could prove productive. Reasoning: The Democrats' need to protect conservative-leaning seats will prevent them from drifting too far left. Republicans, with a nervous eye on 2008, risk being tarred obstructionists if they block too much. Add to the mix President Bush's likely desire to burnish his legacy, and the stage is set for cutting deals and passing laws.