Politics

Moments ago the Senat passed the debt ceiling/government funding/hurricane aid deal, cobbled between Trump and the Democrats to howls of protest from the GOP, in an 80-17 vote.

As a result, the debt limit will be suspended until December 8 and and fund govt through Dec. 8; it also provides $15.25b in disaster funding for hurricane assistance.  A vote in the House is expected tomorrow, where the bill will also pass: it will be interesting which Republicans vote against the Trump/Democratic proposal.

Following Facebook’s “bombshell” revelation last night that Russian-backed entities purchased more than $100,000 in political advertising on its platform, Congressional Democrats and their compatriots in the “resistance” have been howling that the company's admission represents incontrovertible proof that Russia successfully managed to sway the US presidential election.

Having become best friends with top Congressional Democrats overnight, following yesterday's stunning reversal in which President Trump unexpectedly struck a deal with Schumer and Pelosi in which he effectively handed control over the DACA process to Democrats in exchange for a 3 month extension on the debt ceiling as well as avoiding a government shutdown, Trump is now finding that it is Republicans who are engaged in open warfare with the president, and as Axios reports, the leadership of the powerful Republican Study Committee has come out against President Trump's debt ceiling d

If you are wondering what is dragging the dollar down to 32-month lows, perhaps you should add this to the calculus...

Politico reports that President Donald Trump suggested to congressional leaders on Wednesday morning that votes to raise the debt ceiling could be done away with altogether, according to three people familiar with the conversation.

Authored by Mike Shedlock via MishTalk.com,

In a move many people thought would never happen, the Catalan parliament approved a referendum that would allow a vote on the region’s independence from Spain.

The central government seeks intervention from the Constitutional Court. But short of invasion who is going to stop the vote?