US House and Senate negotiators reach deal on border security funding
Democrats and Republican negotiators have reached “an agreement in principle” on Monday night, averting another US government shutdown.
The agreement in principle on a spending bill would avert a government shutdown, said Senator Richard Shelby. US congressional negotiators said late on Monday, the deal is due to start on Saturday.
‘We reached an agreement in principle between us on all the homeland security and the other six bills,’ Senator Richard Shelby said.
The decision comes ahead of the Friday deadline that was set to avoid another partial US government shutdown, as congressional negotiators said they aimed to reach the deal on border security funding by Monday night.
'Our staffs are going to be working feverishly to put all the particulars together,' Mr. Shelby said. It was still unclear whether, president Donald Trump would get any money for a US-Mexico border wall.
While the details of the deal have yet to be revealed, reports say lawmakers were confident that if the agreement was supported and signed by Trump, it could resolve an on-going dispute over US immigration
Trump’s detention of undocumented immigrants had previously put a stop to any progress talks. One specific point of disagreement had been the number of detention beds under the control of immigration officers.
The Democrats have long disputed the overall number of detention beds, including those occupied by asylum seekers and people caught at the border, from 49,000 to 34,000, while the Republicans want the numbers to increase.
Trump said: ’These are people coming into our country that we are holding and we don’t want in our country,’ He told reporters at the White House late Monday.
‘That’s why they don’t want to give us what we call ‘the beds.’ It’s much more complicated than beds, but we call them from ‘the beds.’ He said.
Democratic representative Nita Lowey said she had been in touch with the white Democratic speaker Nancy Pelosi, who was confident in the decision.
'I hope by Wednesday we'll have a finished product.' Lowey said.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Please see important Research Disclaimer.
Live prices on most popular markets
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.