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The surprisingly positive May employment.........>

US
US: The surprisingly positive May employment report may be changing the path
forward for further fiscal support to the U.S. economy. 
* White House economic adviser Stephen Moore's comment to Washington Post (see
bullet at 10:17 ET) suggests no reason for further major stimulus if jobs are
recovering
* Vice President Mike Pence on CNBC said talks with Democrats "are ongoing" but
what is essential are "pro-growth policies." "What has to be there is the
payroll tax cut," Pence says. 
* BBG reported yesterday White House could support up to USD1 trillion package.
Democrats are continuing to push for their USD3 trillion fiscal package that
passed the House of Representatives last month but that's very unlikely to be
taken up in the Senate. 
* More could come at Trump's press conference momentarily. 
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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