US VP Mike Pence Pushes Back Middle East Trip in case Tie Breaker Tax Vote Needed

Vice President Mike Pence will push back a planned Middle East trip as the Senate tries to pass a bill that would overhaul the U.S. tax system, his office said Thursday.

If two of the 52 Senate Republicans oppose the tax plan in a vote expected by Tuesday, Pence would need to break a tie for the legislation to pass. He is now expected to leave the United States on Tuesday, rather than a planned Saturday departure date.

“Yesterday the White House informed Senate leadership that due to the historic nature of the vote in the Senate on tax cuts for millions of Americans, the vice president would stay to preside over the vote,” Pence’s press secretary, Alyssa Farah, said in a statement. “The vice president will then travel to Egypt and Israel where he’ll reaffirm the United States’ commitment to its allies in the Middle East and to working cooperatively to defeat radicalism.”

Republicans do not expect to need Pence’s vote, but he wants to see the legislation through its passage, a White House official told NBC News.

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