Republicans to Announce Another Short Term Spending Bill

The White House dispatched chief of staff John Kelly to meet with Hispanic members of Congress on Wednesday to ease tensions over an immigration issue threatening to derail efforts on a funding bill to avert a partial government shutdown.

Republicans, who have majorities in both the House of Representatives and Senate, are eyeing another short-term spending bill to keep the government open beyond Friday and also need to win support from fiscal conservatives in their own party.

Democrats want the spending bill to include protects for “Dreamers” – mostly Hispanic young adults brought to the United States illegally when they were children. Kelly was to meet with the Congressional Hispanic Caucus, which opposed a bipartisan immigration deal floated last week because it would not provide a path to citizenship for parents of Dreamers.

If Congress approves a temporary “continuing resolution” to keep the government funded through Feb. 16, it would be the fourth such measure since the 2018 federal fiscal year began on Oct. 1.

via Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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