The threat of another government shutdown looms as Nov. 17 — the last day of government funding — quickly approaches. Newly elected House Speaker Mike Johnson (R-La.) has proposed a two-step spending bill, that if passed would extend government funding to January 2024 and funding for other departments into February. Jeannette Lowe, Strategas Securities Managing Director of Policy Research, weighs in on Johnson’s stopgap spending bill and Moody’s recent lowering of the US credit outlook. Lowe notes that this environment is a “huge change in the US fiscal picture” and predicts Congress “may not do anything” as lawmakers shift their focus onto 2024 reelection efforts. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The threat of another government shutdown looms as Nov. 17 — the last day of government funding — quickly approaches. Newly elected House Speaker Mike Johnson (R-La.) has proposed a two-step spending bill, that if passed would extend government funding to January 2024 and funding for other departments into February.
Jeannette Lowe, Strategas Securities Managing Director of Policy Research, weighs in on Johnson’s stopgap spending bill and Moody’s recent lowering of the US credit outlook.
Lowe notes that this environment is a “huge change in the US fiscal picture” and predicts Congress “may not do anything” as lawmakers shift their focus onto 2024 reelection efforts.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Associated Press Finance
Indigenous anti-mining protesters that have paralyzed Panama's key roadways for weeks said they will temporarily suspend blockades for 12 hours Monday as a show of good faith to citizens affected by the demonstrations. Demonstrators are demanding the Panamanian government annul a contract allowing the Canadian mining company First Quantum Minerals to continue operating an open-pit copper mine in a richly biodiverse jungle. Roads will be opened from 6 a.m. to 6 p.m. Monday, at least in northern Panama, to allow people to access fuel and food, after shortages in many regions caused by the blockades, said Juan de Dios Camaño, secretary general of the Association of Chiricano Educators.
Reuters
LONDON (Reuters) -British petrol station operator EG Group said on Monday it would buy Tesla ultra-fast charging units to boost its electric vehicle charging network across Europe, as the EV maker continues to expand the reach of its charging business. EG, owned by the billionaire Issa brothers who also own UK supermarket chain Asda, will expand its charging network to more than 20,000 EV chargers at its own sites over time, from above 600 currently deployed. The first Tesla chargers will be installed by the end of this year, EG said, though it didn't provide details on the cost or time frame for the total purchase.
Bloomberg
(Bloomberg) -- First Quantum Minerals Ltd. has reduced operations at its flagship copper project in Panama, which is facing a groundswell of local opposition, after a blockade by small boats at its port affected delivery of key supplies.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingChina Weighs Ending Freeze on Boeing With 737 Max Deal in USSunak Fires Braverman and Names David Cam
Read more --->