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8 Feb 2018
US: Government shutdown? - BBH
Analysts at BBH suggest that the key issue in the US today is the pending government shutdown starting tomorrow unless action is taken.
Key Quotes
“The Senate has a two-year plan that would boost defense and non-defense spending by around $300 bln (including disaster relief) over the next two years. The Senate will likely formally approve the plan early today and then the drama shifts to the House of Representatives. A conservative group (Freedom Caucus) is balking at the increase in domestic spending, and a Democratic group wants a promise for an open debate on immigration, which is what was made in the Senate.”