Senate’s 90-6 Stopgap Clears, But $1B Battleship Block Signals Fiscal Tensions
The U.S. Senate’s overwhelming 90-6 vote on August 8 to fund the government through December 11 averts a pre-election shutdown, calming near-term market jitters. But the bill’s exclusion of $1 billion for a Trump-class battleship and a block on politicizing federal grants set the stage for a post-election fiscal showdown that could reignite bond and equity volatility in December.
Source: durangoherald.com · yahoo.com