US House could vote on a budget resolution next week, Politico reports
The potential House vote on a budget resolution could indicate progress in the legislative process for fiscal policy, which is crucial for government funding and spending priorities.
Iran' spokesperson Mohajerani says "We do not want to come under renewed attacks, but if such attacks occur, we will certainly respond more forcefully than before,", ABC reports
United Parcel Service (UPS) and FedEx (FDX) have begun filing for some tariff refunds, CNBC reports; any money could take months to reach customers
US House could vote on a budget resolution next week, Politico reports
US Energy Secretary Wright says that gasoline prices peaked over a week or so ago
US EQUITY OPEN: Indices contained as US/Iran headlines dominate amid plenty of stock-specific stories
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- Appropriations Chair Cole said, “it really depends” on when the Senate can send over a budget resolution necessary to start the reconciliation process.
This development is closely tied to the Senate's timing and could influence market sentiment, particularly around risk assets and USD flows, depending on the perceived likelihood of government shutdowns or fiscal standoffs.
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