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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.