Congress

A time-consuming, last-minute revision or a failure on the House floor risks a market dive.

Joe Biden’s US$1.9 trillion Covid-19 relief plan is designed to both pump money into the economy and contain Covid-19.

The current temporary measure expires after midnight on 11 December, which would lead to a Federal Government shutdown.

But PhilipCapital analyst Yeap Jun Rong says that the worse is now over for US financial fundamentals.

A “Blue Wave” is the most likely scenario at 35.1%, followed by a Trump presidency with a united Democratic Congress at 24.8%.

The analysts also see 2H2020 as an opportune time to rebalance portfolios from growth and momentum stocks into cyclical and value plays.

This writes a new chapter in the central bank’s 106-year history and puts them in a role that the Fed has traditionally argued belongs to fiscal policy and elected officials.It also opens up the central bank to questions of over stepping.

WASHINGTON (Jan 2): President Donald Trump invited the top congressional leaders from both parties to a White House briefing on border security Wednesday and suggested he wants to “make a deal” to end the government shutdown.

WASHINGTON (Nov 7): Donald Trump was heard but not seen on Tuesday as voters took to the polls in an election expected to be a referendum on his leadership and a harbinger of the next two years in his presidential term.

WASHINGTON (June 19): The US Senate passed legislation on Monday evening that would restore penalties on the Chinese telecom giant ZTE Corp., complicating President Donald Trump’s efforts to ease sanctions on the company.