House Cancels September Votes, Could Treasury Yields Rise on Fiscal Uncertainty?

• The House has now canceled eight voting days ahead of the midterm elections.
• GOP cites competing priorities; early return possible if Senate passes budget resolution.
• Delayed fiscal decisions may increase uncertainty, potentially pushing Treasury yields higher.

Congress just sent itself home early, and bond traders have reason to notice. The House of Representatives abruptly canceled its final two weeks of September votes, wiping out eight voting days and leaving lawmakers just four days in session after Labor Day before they head back to their districts to campaign.

Why Lawmakers Left the Building

GOP leadership scrapped the weeks of September 21 and September 28, according to a notice from Majority Whip Tom Emmer’s office. Speaker Mike Johnson framed it as members “jostling a lot of different priorities right now.” The House will only come back early if the Se…

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