Submitted by Nick Giambruno via InternationalMan.com,
Obama pulled out his veto pen 12 times during his presidency.
Congress only overrode him once…
In late 2016, Obama vetoed the Justice Against Sponsors of Terrorism Act (JASTA). The bill would allow 9/11 victims to sue Saudi Arabia in US courts.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Update: as expected Macron has expected Bayrou's alliance offer, AFP reports. It is still unclear if Bayrou has official withdrawn from the presidential campaign.
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European assets spiked from near session lows, with the Euro and French OATs jumping, dragging Bunds lower and pushing US indices to intraday highs after French politician Francois Bayrou announced he was endorsing Emmanuel Macron in the upcoming presidential election, without saying if he decides not to run.
The disenfranchised, hurt-feeling liberals of California, who are herding towards 'CalExit' in ever-increasing numbers since the election of Donald Trump, are about to face up to an ugly reality in their perception of their virtue-signaling. As NYT reports, the president of the 'Yes California' movement lives in Russia.
The ongoing scramble for German safety away from French political uncertainty, has led to yet another blow out day for German 2 Year Schatz, with the yield tumbling to a fresh all time low of -0.92%, as Eurozone breakup concerns have spread from the bond market, and are now pressuring the euro sending the EURUSD below 1.05 for the first time in over a month.
The rush into German paper and out of France, means that the 10Y Greman-French spread has topped 0.8%, the widest in over four years, while the 2Y US-German spread is now well over 2%, the widest since at least 2000.