Thursday, September 29, 2016 - 15:21 US Hill GOP Leaders Outline Preferred Fall Fiscal Scenario 0
--Senate Majority Leader, House Speaker Want To Avoid Broad Talks W/White House
--Senator McConnell: 'I Don't Like Omnibuses...CRs'
--Speaker Ryan: 'We're Not In Favor of Doing a Big, Massive Omnibus'
WASHINGTON (MNI) - Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan outlined Thursday their preferred approach to post-election spending negotiations and their central message was they have no interest in getting into broad budget talks with the White House later this year.
In separate briefings a day after Congress approved a stop-gap spending bill that will keep the...
Thursday, September 29, 2016 - 12:24 US House Speaker Ryan: No 'Massive Omnibus' After Election 0
--Ryan: Seeks Passage of 'Minibuses' After Election
--Ryan: Still Not Enough Votes To Pass TPP This Year
WASHINGTON (MNI) - House Speaker Paul Ryan said Thursday that he hoped Senate Democrats "drop their political shenanigans" after the November 8 elections and enter into good faith negotiations to pass fiscal year 2017 spending legislation.
At a briefing, Ryan praised Congress for passing a stop-gap spending bill Wednesday that will fund the government until December 9, but added the legislation was needed because Democrats blocked the regular appropriations process.
The Senate and House passed identical bills...
Thursday, September 29, 2016 - 07:18 US Congress Passes Bill Funding Gov Until Dec 9, Obama To Sign 0
--Senate Approves Stop-Gap Bill On 72 to 26 Vote
--House Later Passes Identical Bill, 342 to 85
WASHINGTON (MNI) - After several weeks of partisan wrangling, the Senate and House passed identical bills Wednesday night that fund the federal government until December 9, sending the measure to President Barack Obama for his signature.
The Senate approved the stop-gap spending bill 72 to 26 and then the House later passed the same bill on a 342 to 85 vote, thus sending it to Obama.
This defuses this year's version of the annual autumn ritual of fiscal brinksmanship -- at least until December 9.
Wednesday, September 28, 2016 - 19:17 Cleveland Fed Chief Mester: Nov To Be 'Active' FOMC Meeting 0
-- Cleveland Fed Chief Saw 'Very Compelling' Case For Hikes in Sept
-- Cleveland Fed's Mester: 'We Need To Be Forward Looking' on Mon Pol
CLEVELAND (MNI) - Cleveland Federal Reserve Bank President Loretta Mester said Wednesday that the Federal Open Market Committee should have raised interest rates during its September meeting, declaring there was a "very compelling case" for a "gradual path" of interest rate increases beginning in September.
In a question-and-answer session after prepared remarks to a Cleveland business group and in a subsequent briefing with reporters, Mester said she has "concerns" that the Fed's failure...
Wednesday, September 28, 2016 - 10:34 REPEAT:BOE Shafik: Fiscal Policy Important Part Stimulus Story 0
By David Robinson
LONDON (MNI) - Bank of England Deputy Governor Minouche Shafik said that what was needed for a balanced recovery in the UK economy was a mix of monetary, fiscal and structural policies and she was sure that fiscal policy would be an important part of the story.
The BOE Monetary Policy Committee's next decision will be announced on November 3, with any fiscal policy measures only set to be unveiled by the UK Government in the Autumn Statement, due to be held on November 23. It is uncertain if the MPC will delay any decision on further monetary stimulus in order to fully factor in the details of the expected fiscal stimulus.
The timing of any future stimulus "will essentially depend on what happens to the...
Tuesday, September 27, 2016 - 16:02 US Senate Dems Block Stop-Gap Bill; McConnell Open To Talks 0
--Senate Majority Leader McConnell: Dems Seek To 'Precipitate' Shutdown
--Senate Minority Leader Reid: Don't Need 'Manufactured Crisis' on Spending
WASHINGTON (MNI) - Senate Democrats Tuesday blocked a Republican effort to advance a fiscal year 2017 stop-gap spending bill, but the leaders of both parties said they're interested in further negotiations on the needed funding bill.
On Tuesday in two procedural votes, Senate Democrats blocked Republican motions to end debate on the stop-gap spending bill proposed by Senate Majority Leader Mitch McConnell.
McConnell has called for speedy passage of the FY 2017 stop-gap...