Archives of “Democratic Party (United States)” tag

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Thursday is the deadline for avoiding a US government shut down. Schumer says it’ll pass.

  
  Analysis
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The US Senate will vote Thursday morning (local time) on a stopgap bill to keep the government funded through to December 3.

There are a series of votes beginning at 10.30am Washington time.
The stopgap funding bill will require 60 votes to pass. The numbers in the senate are evenly split, 50/50, between Dems and Reps. Senate Leader Schumer has said he has an agreement to get the bill passed though.
If it does pass the bill goes for voting in the US House where it should pass. If so it heads then to the White House for Biden to sign.
Midnight Thursday is the deadline.

US election Joe Biden says ‘No new taxes’ for anyone making less than $400,000

  
  Analysis
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Democratic presidential nominee Joe Biden interview in US media (ABC)

  • “I will raise taxes for anybody making over $400,000”
  • “no new taxes” would be raised for anyone making under $400,000
We should begin to get policy announcements such as this in coming weeks.

Link here to the report for more
Biden and Harris:
Democratic presidential nominee Joe Biden interview in US media (ABC)

What’s priced in for the US election

  
  Analysis
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It’s 76 days until the election

Biden and Trump picture
The deadlock in US economic stimulus negotiations highlights the political risk for the US coming out of the election. The sides simply can’t compromise.
At this point, you have to assume that most Americas have made up their minds about Trump, Biden and how they will vote.
In normal times, a Biden win would be the consensus. National polls in the past week show him from +4 to +11. Of course, these aren’t normal times and no one has forgotten the surprise on election night in 2016. Even with that, it’s worth remembering that Clinton won the popular vote by about what was expected, it was that a handful of states surprised. Her polling average was also only about +3% and she never reached this kind of spread.
Here’s how BMO sees it:

(more…)

Pelosi says offered to reduce aid package by $1 trillion and was rejected by White House

  
  Analysis
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Pencil that in

That’s an important detail because it means that $2.4 trillion is now the upper limit of what’s possibly coming. Every dollar lower is negative for the economy and risk trades and a potential positive for the dollar.
Previously, the indications were that Pelosi was holding firm around $3.4 trillion.
The meeting that was going to be at the top of the hour has been pushed back to 1:30 pm ET.
Along the same lines, according to The Hill, Chuck Schumer said Mnuchin and Meadows balked at Democratic proposal to set relief package at $2 trillion.
“You should have seen the vehemence: No!”
“You should have seen their faces: ‘Absolutely not!'”
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