Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    US could face another government shutdown risk over spending bills - Axios

    Source Fxstreet
    Feb 21, 2024 20:38

    According to reporting by Axios, the US federal government could be pushed into another government shutdown scenario over spending bills.

    The self-titled "Freedom Caucus", a collection of far-right adherents within the US legislature, is pushing for a sweeping set of year-long spending restrictions that could trigger a shutdown within the US government.

    Key quotes

    The House Freedom Caucus is officially pushing a one-year spending stopgap that could trigger a government shutdown if embraced by Speaker Mike Johnson.

    In a new letter to Johnson on Wednesday, Freedom Caucus members say they prefer the spending stopgap if they can't get their way on using the budget process to push other policy priorities.

     1% across-the-board cuts will start if there's not a new budget by April 30.

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    US Dollar retreats on easing Middle-East tensions ahead of Retail Sales dataThe US Dollar (USD) retraces on Monday after a very strong week in which the Greenback seemed to be on steroids. Markets are breathing a sigh of relief after Iran carried out a well-communicated attack against Israel without significant casualties
    Source  Fxstreet
    The US Dollar (USD) retraces on Monday after a very strong week in which the Greenback seemed to be on steroids. Markets are breathing a sigh of relief after Iran carried out a well-communicated attack against Israel without significant casualties
    placeholder
    Dow Jones Industrial Average tumbles, crushed by strong US inflation Wall Street indexes plunge as US inflation dampens hopes of Fed rate cuts in June.
    Source  Fxstreet
    Wall Street indexes plunge as US inflation dampens hopes of Fed rate cuts in June.
    placeholder
    US Dollar set for weekly gains after strong economic data reprices Fed rate cut betsThe US Dollar (USD) trades firmly in the green on Friday after markets got shaken on Thursday after a badge of US economic data suggested inflation pressures are far from over..
    Source  Fxstreet
    The US Dollar (USD) trades firmly in the green on Friday after markets got shaken on Thursday after a badge of US economic data suggested inflation pressures are far from over..
    goTop
    quote