US Presi. Biden: Confident on getting a deal on key spending proposals
While speaking to CNN News on Friday, US President Joe Biden said. "I do think I'll get a deal" on key spending proposals.
Additional quotes
"It's all about compromise. You know, compromise has become a dirty word, but ... bipartisanship and compromise still have to be possible."
On whether he will be able to push such ambitious legislation across the finish line, Biden said, "everybody's been saying, well, 'that's crazy, you can't do it. If we can't eventually in this country, we're in deep trouble."
“The corporate tax rate won't rise.”
On the supply chain bottlenecks, he said, “may call in the national guard to drive trucks.”
“The US had made a commitment to defend Taiwan in the event of a Chinese attack.”
US dollar remains on the defensive
The US dollar index posts small losses so far this Friday, under pressure by the resurgent risk-on flows, courtesy of the surprise China Evergrande payment.
The spot was last seen trading at 93.73, down 0.04% on the day.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
