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Congress Reaches Spending Bill Deal: BBG


Bloomberg reports citing congressional aides that lawmakers have reached a compromise on a funding provision for Veterans Affairs, unlocking a deal to an overall omnibus spending bill agreement.

  • Fairly minimal market reaction to this news - it is yet to be officially agreed and even if it were, there has been broad expectation that a deal would finally be reached, averting a government shutdown on Dec 18.
  • That said, if agreed, it would remove a negative tail risk from the near-term outlook. But focus is still on the COVID bipartisan stimulus package -with which the omnibus was due to be paired - with details expected to be unveiled at 1600ET.

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