Canada-US Oil Pipeline Bill Needs One Vote To Pass

With the clock ticking, supporters of a Senate bill to approve the Keystone XL pipeline from Canada to the Texas Gulf Coast are still scrambling to find the last vote.

With 59 Senators publicly voicing support, the hunt’s on for the 60th vote to advance the measure before a critical vote Tuesday.

The issue has taken center stage in the waning days of this Congress in hopes it will boost the prospects of Louisiana’s Senate candidates.

Democratic Sen. Mary Landrieu pushed for the Senate vote. Her rival, Republican Rep. Bill Cassidy, sponsored the bill the House passed late last week.

All 45 Senate Republicans support it, along with 14 Democrats.

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