US Senate Passes Two Year Budget Bill

The US Senate has passed a two-year federal budget bill by 64 votes to 36 in a rare outbreak of fiscal deal-making on Capitol Hill.

The legislation, which would avert a government shutdown in January, sailed through the Republican-held House of Representatives last week.

The proposal was drafted by a cross-party budget committee set up after October’s 16-day government shutdown.

Republicans and Democrats are unpopular after a year of congressional inaction.

The year 2013 has seen political gridlock over President Barack Obama’s healthcare law, the federal debt limit and issues ranging from immigration to gun control.

via BBC

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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