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Holding Onto Gains


Bearish Risk


Attention Is On The 50-day EMA


Clears Key Support

MNI (Washington)
  • The U.S. Senate voted 84-10 Wednesday to advance a temporary funding bill to keep the government open through Dec. 11, sending the measure to President Donald Trump where he is expected to sign the bill into law. The Democratic-led House of Representatives approved the measure a week ago.
  • Government funding runs out at midnight tonight, and the legislationwould maintain current funding levels for most programs, avoiding a government shutdown in the middle of a pandemic and weeks ahead of the Nov. 3 election.
  • The legislation's Dec. 11 end date will require Congress to return to the government funding question again during its post-election lame-duck session, after what is likely to be a bruising fight to confirm Trump's third Supreme Court nominee, Amy Coney Barrett.
  • Congressional Democrats have had a turbulent relationship with the White House over federal funding since 2017. Disagreeing over Trump's demands for billions of dollars to build a U.S.-Mexico border wall, Washington failed to come to agreement and the government shutdown for 35 days from Dec. 2018 to Jan. 2019.
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