Debt Desk — Debt Desk — October 19, 2026: Sanctions Fallout, Oil Relief and a Selective Lending Window
Good morning. It is Monday, October nineteenth.
The national brief begins with a new phase in the fight over President Trump's decision to waive sanctions on Russia.
Over the weekend, the political objection moved from criticism toward the possibility of a legislative response. House Democratic leader Hakeem Jeffries said Sunday that lawmakers would pursue a new sanctions package that the president could not waive. House Speaker Mike Johnson said Republicans also have concerns and that the decision needs careful review.
That is a meaningful development in the story we have been…
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