US Senate Majority Leader McConnell: Not opposed to infrastructure spending but it should not be debt financed

Anil Panchal FXStreet

US Senate Republican leader Mitch McConnell was quoted by Reuters, during an interview, saying that he is not opposed to discussing infrastructure spending it should be paid for and not be debt.

Key quotes

While I’m not opposed to discussing infrastructure spending it should be paid for and not be debt-financed.

Congress 'may well' provide additional assistance to state and local governments, but it should be clearly related to coronavirus.

FX implications

Markets seem to await fresh clues amid the early Asian session and hence no major reaction could be witnessed to the news. In an otherwise case, the news might have helped the US dollar a bit.

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.

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