Politics

Following this morning's tweet, in which Trump said that he was meeting with top Democrats Chuck Schumer and Nancy Pelosi to keep the government open, but because "they want illegal immigrants flooding into our Country unchecked", he "doesn't see a deal", and which sent the T-Bill market turmoiling as mid-December government shutdown odds surged, moments ago the top two Democratic leaders in Congress pulled out "abruptly" (in AP's words) of the previously scheduled meeting with President Donald Trump.

A day after local Japanese media reported that their government had detected a signal from North Korea suggesting that the country is preparing for another ballistic missile launch – what would be its first in more than two months, snapping the longest stretch of calm this year – Reuters is reporting that US officials believe the North could stage another missile test any day now.

Anxiety appears to be building in the Treasury Bill market once again as the yield spread between 12/7 and 12/21 widens to 12bps after President Trump cast doubt on whether he and congressional leaders can agree to keep the government funded.

As AP reports, Trump is meeting with Democratic and Republican congressional leaders at the White House on Tuesday to discuss budget and immigration issues.

But, in a tweet, Trump cast doubt on whether they can agree to fund the government beyond a Dec. 8 deadline.

With roughly 14 sessions of Congress left before the New Year break, the GOP’s chances of passing comprehensive tax reform by the end of the year – as the White House has promised to do - are looking increasingly remote. So far, the biggest obstacle – as with the Republicans disastrous failure to repeal and replace Obamacare – is the Senate, where disparate groups of lawmakers are opposing the bill for different, and sometimes contradictory, reasons.

Content originally published at iBankCoin.com

An Obama appointed government watchdog central to the Hillary Clinton email investigation says that he, his family and his office faced an ‘intense backlash‘ from Clinton allies, who threatened him over findings that Clinton mishandled classified information.