www.varchev.com

Deal on government funding reached, averting shutdown

Rating:

12345
Loading...

A deal has been reached on a bill to fund the government for the final five months of this fiscal year, an agreement that is likely to avert a government shutdown, aides to senior members of Congress told NBC News on Sunday.

Congressional negotiators had been working through the weekend to hash out the last remaining complications in a bill to fund the government.

After President Donald Trump backed down on funding for the construction of a border wall, some additional sticking points remained, including health benefits for coal miners, funding for Puerto Rico and an additional $30 billion for defense, delaying congressional negotiators and causing them to miss their deadline of Friday.

Congress passed and Trump signed into law a one-week extension on Friday to keep the government open after negotiators failed complete the bill last week.

The deal includes an additional $12 billion in defense spending, which is $18 billion less than Trump asked for. It also includes a permanent fix to fund coal miners' health care instead of a temporary extension.

"The bill ensures taxpayer dollars aren't used to fund an ineffective border wall, excludes poison pill riders and increases investments in programs that the middle-class relies on, like medical research, education and infrastructure," Schumer said Sunday night.

"Early on in this debate, Democrats clearly laid out our principles," he said. "At the end of the day, this is an agreement that reflects those principles."

And instead of $3 billion for border security, which was requested by the Trump administration, the bill includes just half of that — $1.5 billion. It also includes $295 million for Puerto Rico's Medicaid program.

A big moment in these negotiations was when Trump backed down from two of his demands last week on money for a border wall and withholding subsidies to help lower-income people buy health insurance under the Affordable Care Act.

The House and the Senate still have to pass the bill before it can be signed by the president.


 Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy