LEADING THE DAY Dodd-Frank rollback delayed: The Senate has pushed a final vote on legislation weakening the Dodd-Frank financial reform law until next week after failing to reach a deal on amendment votes. A spokesman for Senate Majority Leader Mitch McConnell (R-Ky.) said Thursday that Republicans and Democrats were unable to agree on which of the more than 100 amendments to the bill would get votes. The Senate will vote on a series of amendments "early next week," the spokesman said. The underlying measure is expected to pass with bipartisan support despite opposition from liberal Democrats, and the battle over amendments isn't likely to change the final outcome. I explain here what's holding everything up, and when we could see some action. Hensarling: Not impressed: The House pointman on all things banking wants influence over the Senate bill. House Financial Services Committee Chairman Jeb Hensarling (R-Texas) said the substitute amendment, which contains eight bills passed by his panel, does not reflect the will of the House. Hensarling cited more than two-dozen bills from the Financial Services Committee that passed with bipartisan support that he wants added to the Senate package. "We were glad to see eight of our bipartisan House-passed bills are now included," added Sarah Flaim, a spokeswoman for Hensarling. "However, there are many more strongly bipartisan bills ... that were curiously left out. Chairman Hensarling remains committed to ensuring that the House's voice is heard." So what? Hensarling's opinion of the bill could influence whether or not it comes the House floor. Speaker Ryan is notoriously deferential to his committee chairmen, and many House Republicans share Hensarling's concerns with the bill. But the pressure is building to pass Dodd-Frank rollback while the stars are aligned, and it's possible that House leadership brings the bill forward over his objections. It wouldn't be the first time that Hensarling was overruled by his own party. He was forced to remove a repeal of the Dodd-Frank fee on credit and debit card swipes from his Dodd-Frank rewrite last year, and was steamrolled by Republicans who wanted to preserve the Export-Import Bank in 2015. Tunnel vision: The Trump administration has threatened to veto a massive government funding package if it includes money for a rail and tunnel project in the Northeast, sources told The Hill. The White House has made clear that is doesn't support the multibillion-dollar Gateway Project, which has been a top priority for New York and New Jersey-area lawmakers like Senate Minority Leader Charles Schumer (D-N.Y.) and House Appropriations Chairman Rodney Frelinghuysen (R-N.J.). "The administration has been very clear that we don't think this is an efficient use of taxpayer dollars," a senior administration official said in a statement. "Any official position on the legislation would be issued through a Statement of Administration Policy (SAP)." The Hill's Melanie Zanona and Mallory Shelbourne take us inside the showdown. Pelosi says gun control, DACA shouldn't be in funding deal: House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that there's no need to tackle immigration or gun reform as part of a sweeping spending package poised for a vote as early as next week. "None of these bills has to be part of the omnibus," Pelosi told reporters in the Capitol. She's urging the Republicans to bring those issues to the floor as separate, stand-alone bills -- a strategy GOP leaders have repeatedly refused. The Hill's Mike Lillis explains why. MARKET CHECK: Resilient. Despite Trump's signing of tariffs that shook Wall Street with fears of an impending trade war, all three major U.S. stock indexes closed with modest gains Thursday. The Dow Jones industrial, Nasdaq, and Standard & Poor's 500 indexes finished with roughly 0.4 percent gains each. GOOD TO KNOW - Speaker Paul Ryan (R-Wis.) said Thursday that Congress will tackle an infrastructure overhaul in "five or six bills" this year, dealing a blow to President Trump's push for a $1.5 trillion rebuilding package.
- Eleven Pacific Rim nations gathered in Chile on Thursday to sign the Trans-Pacific Partnership, a massive free-trade agreement that the United States abandoned more than a year ago.
- The tax law President Trump signed in December costs about $1.2 trillion over 10 years after accounting for its economic effects, two Harvard University economists with different opinions of the law estimated in a new paper.
- House Minority Leader Nancy Pelosi (D-Calif.) on Thursday sought to clarify her past comments calling bonuses from the GOP tax plan "crumbs," saying "we are thankful whenever workers get bonuses."
- Trump's proposed 25 percent tariff on steel imports could cost the U.S. auto industry 45,000 jobs, equivalent to almost a third of the entire steel industry's workforce, according to a study by the Council on Foreign Relations.
ODDS AND ENDS - Trump said Thursday he still likes departing top economic adviser Gary Cohn and suggested he could return to the administration in a different role.
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