US Congress to Pass Funding Bill on Thursday

December 21, 2017 Share Print 0

House Speaker Paul Ryan told CNBC on Thursday that Congress will push to pass a “clean” short-term funding bill to avert a midnight Friday government shutdown.

“We’re just bringing a clean, what we call vanilla CR — no games, no sneaky things. Just a continuing resolution to get us through this moment to get us into next year,” Ryan said on “Squawk Box.” “It’s as clean and simple as possible. It’s what the Senate on both sides of the aisle are asking us for.”

“But I could see the Democrats trying to play some procedural games on the floor today. That may happen,” the Wisconsin Republican said.

A bill unveiled by the House on Thursday would fund the government through January 19. If Congress cannot pass a funding measure, the government will shut down this weekend.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.