Drift Away: US-Iran 5 Component Framework & Reconciliation Pause - Week Ahead

Research evidence excerpt

Drift Away: US-Iran 5 Component Framework & Reconciliation Pause - Week Ahead

TD Securities (USA) LLC DC DOWNLOAD

May 26, 2026

■WRG Washington Strategy Drift Away: US-Iran 5 Component Framework

& Reconciliation Pause - Week Ahead

Chris Krueger THE TD COWEN INSIGHT

202 868 5307 ■US-Iran 60-day potential ceasefire has 5 core components (always subject to change)

christopher.krueger@tdsecurities.com

■$72B ICE/CBP reconciliation 2.0 bill stalled in air pocket with dual anchors of the $1B

ballroom request & the $1.776B “anti-weaponization” fund; reconciliation 3.0 gasping for air

■Congress out for the week

■Next Week

❍Commerce Dept deadline to send Trump 232 findings on robotics & med devices/PPE

❍California Primary

Day after day I'm more confused

Yet I look for the light through the pouring rain

You know that's a game that I hate to lose

And I'm feelin' the strain

Ain't it a shame

Week Ahead

Tues, May 26

■Don't Mess With Texas. Marquee Senate GOP primary election between Sen. Cornyn &

Trump-endorsed AG Paxton. This race will likely continue to tighten Trump's powergrip

within closed GOP primaries (Indiana, Louisiana, Kentucky). However, that muscle memory

is likely to reverse in November when Democrats -- and Independents -- will be voting... The

focus on retribution and revenge would seem to trump (no pun intended) everything else.

Including actual policy and the messaging for the midterms.

■Deadline for CBP to update Court of International Trade on the progress of Phase 1 of

processing IEEPA tariff refunds.

■President Trump scheduled to visit Walter Reed National Military Medical Center for a

medical & dental visit.

■Supreme Court Opinion Day. Announcements around 10AM - still awaiting the Fed Gov Lisa

Cook case.

Weds, May 27