Loading navigation

Key Issues in Washington Overshadowed by War

War is dominating the headlines, but investors should keep an eye on Washington as policymakers grapple with other concerns, from Fed moves to budget fights to regulatory issues.
April 9, 2026Michael Townsend
Podcast cover: Key Issues in Washington Overshadowed by War

WashingtonWise | EP137

Key Issues in Washington Overshadowed by War

Current time: 0 seconds, Duration: 0 seconds

After you listen

The war in Iran is dominating the headlines, but it's not the only issue percolating in Washington that investors need to be paying attention to. In this episode of WashingtonWise, host Mike Townsend focuses on how the war contributed to the negative returns for equity investors in the first quarter of 2026 and looks ahead to how the war and other issues may play out in Q2. He discusses the human and financial toll of the war in Iran and notes how the impact on the global oil supply could take months to sort out even if the war ends soon. He then turns his eye back to Washington to discuss the looming fight in Congress over funding the war, the ongoing shutdown of the Department of Homeland Security, and the uncertainty surrounding when and whether the Federal Reserve will get new leadership. Mike also highlights upcoming regulatory changes, including the potential shift away from quarterly earnings reports, a proposal to allow alternative assets in retirement plans, and the latest on the launch of "Trump Accounts" for children. Finally, he provides his latest thinking on the midterm elections and the near-record number of members of Congress choosing to retire rather than run for re-election.  

WashingtonWise is an original podcast for investors from Charles Schwab. 

If you enjoy the show, please leave a rating or review on Apple Podcasts.

Check out more episodes.

The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.

This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.

All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

​Past performance is no guarantee of future results.

Investing involves risk, including loss of principal.

All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.

Diversification, asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.

Alternative investments cover a wide array of strategies, including real estate, private equity, private credit, and hedge funds. Risks will vary based on each unique strategy and can include investments in highly illiquid assets or securities, use of leverage, higher fees, lower transparency, tax risks, and limited ability to redeem or limited transferability.

Cryptocurrency-related products carry a substantial level of risk and are not suitable for all investors. Investments in cryptocurrencies are relatively new, highly speculative, and may be subject to extreme price volatility, illiquidity, and increased risk of loss, including your entire investment in the fund. Spot markets on which cryptocurrencies trade are relatively new and largely unregulated, and therefore, may be more exposed to fraud and security breaches than established, regulated exchanges for other financial assets or instruments. Some cryptocurrency-related products use futures contracts to attempt to duplicate the performance of an investment in cryptocurrency, which may result in unpredictable pricing, higher transaction costs, and performance that fails to track the price of the reference cryptocurrency as intended.

Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.

0426-1SYJ