After claims by both democrats and republicans that Trump's "skinny" budget proposal is dead on arrival, Trump's nemesis, John McCain chimed in and said that in its current form the Trump budget simply won't pass the Senate. “It is clear that this budget proposed today cannot pass the Senate," the Armed Services Committee chairman said in a statement.
Threatening to destabilize the tentative improvement in Sino-US relations achieved in recent days following Trump's recent concession over the "One China" policy, was the US deployment of the aircraft carrier USS Carl Vinson (CVN-70) to the disputed waters of the South China Sea on Saturday as part of maritime "routine operations", according to an announcement posted on the Vinson's Facebook page.
One day after markets saw a violent return of optimism, which sent stocks around the globe and US equity futures soaring (the US was closed for President's Day) driven by terrible Japanese and Chinese economic data which in turn hinted at more central bank easing, animal spirits have cooled off despite some truly unprecedented Chinese credit numbers.