Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Wires and social media reporting comments from Republican Senator Susan Collins (R-ME) saying that Senate minority leader Mitch McConnell has told fellow GOP senators that he is 'open' to a bipartisan infrastructure plan.

  • Following the breakdown in talks between the White House and Sen. Shelley Moore-Capito (R-WV), former GOP presidential candidate, Sen. Mitt Romney (R-UT), is now leading a new effort to reach a bipartisan consensus. However, Romney's insistence of no new taxes to pay for the plans could prove a major obstacle.
  • Should Collins' comments prove accurate and McConnell is willing to reach a deal with the White House it could prove a major boost to getting a deal through that isn't reliant on a reconciliation process.
  • Nevertheless, the prospect of a true bipartisan deal with support from Senate GOP leadership remains slim given the bitter relations between the two sides at present.