US Budget Deal Sparked GOP Infighting

Senate Republican leaders are criticizing a bipartisan budget deal, parting ways with their House counterparts who shepherded the measure through that chamber last week.
The split makes it harder for the Republican Party to present a united front as it approaches the midterm election year. And it shows that even modest tweaks in tax and spending policies trigger strong reactions in conservative circles.

Still, senators in both parties say the budget deal should have enough votes to pass and become law, perhaps by Wednesday. And some GOP activists play down the House-Senate divide’s implications, saying it’s driven by internal congressional politics more than by serious philosophical splits.

“Our leadership gets along pretty well, and coordinates pretty well with each other,” said Terry Holt, a longtime Republican strategist and former congressional staffer with close ties to House Speaker John Boehner, R-Ohio.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza