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US President Trump and Democrats say a deal is reached to avert a shutdown in which the Senate would move quickly to pass five of the six spending bills that have cleared the House, according to WSJ

Newsquawk Staff ·

US President Trump and Democrats say a deal is reached to avert a shutdown in which the Senate would move quickly to pass five of the six spending bills that have cleared the House, according to WSJ.

What it means

The reported deal to avert a government shutdown is likely to stabilize market sentiment, as it reduces uncertainty regarding fiscal policy and spending. This could lead to a firmer USD and positively influence equity markets as investor concerns about potential disruptions are eased. However, the long-term implications depend on the finalization and effectiveness of these spending bills, particularly in the context of ongoing political dynamics.

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