Republicans are reportedly weighing how broadly to structure a party-line bill to fund President Trump’s immigration enforcement, with some senators seeking multi-year DHS funding and others favouring a narrower ICE and CBP measure, Semafor reports
This report highlights ongoing negotiations among Republicans regarding the funding structure for immigration enforcement under President Trump, signaling potential political gridlock that could impact budgetary discussions.
POSCO will directly hire about 7,000 workers from partner companies supporting production at its steel plants in Pohang and Gwangyang, Yonhap reports
Report says ballistic missiles destroyed Israeli-linked container ship and another vessel carrying military equipment was struck and disabled after avoiding the Strait of Hormuz via the UAE’s Khorfakan port, Mehr News reports
Republicans are reportedly weighing how broadly to structure a party-line bill to fund President Trump’s immigration enforcement, with some senators seeking multi-year DHS funding and others favouring a narrower ICE and CBP measure, Semafor reports
[MARKET ANALYSIS] Greenback knocked by US/Iran optimism ahead of Trump deadline, Fed speak ahead
Fars reports that Iranian retaliatory attacks targeted two petrochemical complexes in Saudi Arabia linked to American companies, including Exxon (XOM)
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- The Senate Budget Committee has not set a spending target, while House Democrats are broadly backing the Senate-passed bill funding all agencies except ICE and CBP through September.
The uncertainty surrounding the funding, especially without a set target from the Senate Budget Committee, may weigh on market sentiment, particularly in USD and equities, as investors gauge implications for fiscal policy and potential government shutdowns.
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