March 12, 2025: Johnson gets a win and market losses mount

Market volatility is the talk of Washington as the White House issues (and, in some cases, walks back) whiplash-inducing tariff threats. And as the economy dominates the discussion, all eyes are on Congress as a government shutdown looms at the end of the week. Yesterday, House Speaker Mike Johnson led House Republicans on a big step forward, passing a seven-month stopgap government funding bill. But it now faces an uncertain path forward in the Senate ahead of the shutdown deadline on Friday evening. What are insiders watching for? POLITICO’s Capitol bureau chief Rachael Bade joins Playbook author Jack Blanchard to talk it through.