When President Biden announced his choice to drop his project for a second term, everything we thought we understood about the 2024 election was switched on its ear. The questions, the speculation, and the theories all started to swirl. In this episode of WashingtonWise, host Mike Townsend cleans up the rules surrounding a change of prospects, discusses what it suggests for the Democratic convention, and addresses how it affects the tallies. He likewise addresses financiers' concerns about what the upheaval in the race suggests for congressional elections and for the marketplaces.

Mike also checks in on other news from Washington, including congressional hearings underway to determine the breakdown in security that allowed the recent assassination attempt on Donald Trump and address methods to avoid any reoccurrence; a bi-partisan arrangement to prohibit elected officials from trading stocks; and the long-delayed completion of IRS rules pertaining to acquired IRAs.

WashingtonWise is an original podcast for financiers from Charles Schwab (). For more on the series, see Schwab.com/ WashingtonWise ().

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