The Trader 

Market Outlook: Senate’s last minute approval

The Trader

Here we go again, the stalemate and mess that is US politics.  Having been banging up against the debt ceiling for weeks, early today the Senate rubber stamped an agreement to borrow another $300 billion over the next two years.  The deal now must go back to the House of Representatives who are expected to pass it today.  If they get it done quickly enough, then Federal employees who were told their departments would be closed should turn up for work.

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