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Divisions on Healthcare Could Shutdown US Government

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The US government has less than 48 hours to avert a shutdown of government services amid political divisions over President Obama’s healthcare law.

On Sunday, the Republican-run House of Representatives voted to pull the law’s funding, raising chances of a shutdown.

The government needs to agree a new policy-wide spending bill before the US fiscal year ends at midnight on Monday.

If it fails, non-essential federal services face closure, with employees sidelined or left working without pay.

Early on Sunday, the House passed an amended version of the Senate spending bill that removed funding from the healthcare law.

US Senate Majority leader Harry Reid has vowed that his Democrat-led chamber will reject the Republican bill.

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

@alfonso_forex

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