US House of Representatives passes temporary government funding through March 11
Early Wednesday morning in Asia, Reuters came out with the news conveying the passage of an intermediate US government funding bill.
“A bipartisan majority of the U.S. House of Representatives on Tuesday voted to extend temporary funding for the federal government through March 11 to avoid agency shutdowns when existing money expires at midnight on Feb. 18,” said the news initially before announcing the final passage.
"The House voted 272-162 to approve the stop-gap measure that will give Democratic and Republican negotiators in the House and Senate an additional three weeks to work out a deal on a full-year funding bill," adds Reuters.
“With Senate vote expected soon, the measure would ensure Washington doesn’t shut down after February 18 as lawmakers work out a longer-term deal,” said Washington Post on the other hand.
FX implications
Given the early hours of the Asian session and the US Senate’s pending decision on the bill, market players paid little heed to the news.
Read: Forex Today: Tension mounts ahead of US inflation data
Author
Anil Panchal
FXStreet
Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.
