Saturday, 17 November, 2018

Senate Reaches Bipartisan Spending Deal...Without DACA

Patty Aguilar | 08 February, 2018, 04:28

According to The Washington Post, defense spending would get an $80 billion per year boost over its current caps, and non-defense would get $63 billion more per year.

"This morning, we took a measure of our Caucus because the package does nothing to advance bipartisan legislation to protect Dreamers in the House", Pelosi said in a statement. "The president has generously laid out a plan that addresses both Republicans and Democrats" concerns, and we're hopeful we'll come to an agreement on both of those fronts'.

Some conservative Republicans, including members of the House Freedom Caucus, are threatening to vote against the deal because of the higher spending for non-defense programs.

On Tuesday, the House voted on a continuing resolution funding the government through March 23.

"We're on the way to getting an agreement and on the way to getting an agreement very soon", he told reporters.

Despite the optimism, no agreement was finalized, and even as congressional leaders were sounding an upbeat note, Trump was raising tensions by openly pondering a shutdown if Democrats did not agree to his immigration policies. "At the same time, we reserve the right and the authority that if we feel like that they're falling short on something that we promised or what's best for our constituents, then we'll throw a flag on it".

It would also extend the federal government's debt ceiling until March 2019, defusing a contentious issue and putting off for more than a year the risk of a debt default, which had loomed next month. Trump said on Tuesday he'd "love to see a shutdown if we can't get this stuff taken care of". At the end of 2017, Republicans pushed through a tax-cut plan that added $1.5tn to the 10-year budget deficit.

The White House and House Speaker Paul Ryan quickly declared support for the pact, helping pave the way for its passage by the end of the week, despite opposition from fiscal hawks and liberal Democrats.

The Iron Mountain Incorporated (IRM) Receives Average Rating of "Hold" from Analysts
It is positive, as 76 investors sold LOW shares while 406 reduced holdings. 121 funds opened positions while 404 raised stakes. The stock of NXP Semiconductors N.V. (NASDAQ:NXPI) earned "Sector Weight" rating by Pacific Crest on Tuesday, November 1.

Macerich (MAC) Issues Quarterly Earnings Results
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.14 per share. Shares of Macerich closed the previous trading session at 60.84 up +1.24 2.08% with 59.36000061035156 shares trading hands.

Occidental Petroleum (NYSE:OXY) Upgraded at Citigroup
The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has "Outperform" rating given on Friday, November 18 by Wells Fargo. Bill Ackman decreased its stake in Mondelez Intl Inc (MDLZ) by 3.92% based on its latest 2017Q3 regulatory filing with the SEC.

The White House also welcomed the deal, with Defense Secretary James Mattis praising the increase to the defense budget during a press conference in the afternoon.

A disaster aid package of $90 billion for USA areas affected by events such as Hurricanes Irma, Harvey and Maria, as well as the California wildfires, will also be included.

The House would later pass, mostly along party lines in a 245-182 vote, a six-week measure that the White House's Office of Management and Budget said the president would support.

Senate Democrats made a decision to delay their fight to protect the almost 700,000 young immigrants brought to the country illegally as children, which in part led to last month's three-day shutdown. There is bipartisan support for that funding, aimed at hard-hit states such as California, Florida and Texas.

"This is a bad, bad, bad, bad - you could say "bad" a hundred times - deal", said Rep. Jim Jordan, R-Ohio, a co-founder of the House Freedom Caucus.

But AshLee Strong, a spokeswoman for Ryan, said the speaker has already committed to holding votes on immigration.

The DACA program was established in 2012 just a month after Latthivongskorn graduated from college with degrees in molecular and cellular biology, Pelosi said. "Let the House work its will". He warned that a failure to pass long-term funding would imperil troop paychecks, inhibit the maintenance of planes and ships, stunt recruiting and otherwise harm military readiness.

"But if the numbers are as high as we're hearing, Rep. Meadows does not support the budget deal", Williamson said.

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