House passes three-bill spending package with weeks left to avoid a shutdown, Politico reports
The passage of a three-bill spending package by the House is a critical development as it could avert a government shutdown in the coming weeks.
US President Trump demands Venezuela partner exclusively with the US on oil and cut ties with China, Iran, Russia, and Cuba, threatening a blockade if ignored, according to reports
TREASURY WRAP: T-NOTE FUTURES (H6) SETTLE 10+ TICKS LOWER AT 112-08
House passes three-bill spending package with weeks left to avoid a shutdown, Politico reports
Chevron (CVX), Vitol and other oil firms are competing for deals to export Venezuelan crude in talks with US officials, according to reports
Glencore (GLEN LN) confirms it is in prelim talks with Rio Tinto (RIO LN) about possible combination but cannot confirm a deal will be agreed; expectation is that any merger would be effected via acquisition of GLEN by RIO
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This legislative move signals political cohesion and may influence risk sentiment in the markets, potentially supporting equities while alleviating safe-haven demand in treasuries and the dollar, especially if it leads to further stability in fiscal policy.
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