WSJ: US negotiators to announce Budget deal

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From the WSJ comes headline and not much else that may effect this morning’s stock opening:

House and Senate negotiators are on the verge of announcing a budget agreement that would avert a government shutdown and bring a rare dose of stability to Congress’s fiscal policy-making over the next two years, according to lawmakers briefed on the negotiations.

Sen. Patty Murray (D., Wash.) and Rep. Paul Ryan (R., Wis.) worked through the day Tuesday to put the finishing touches on a two-year budget agreement and briefed colleagues…

It will be interesting to see whether this good new is bad news or not.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.