Good news on US budget negotiations

Author: Adam Button | Category: News

US budget negotiators are working on a two-year deal that would ‘loosen’ automatic spending cuts and smooth annual funding efforts – Rep Tom Cole cited by Reuters.

Something that eliminated the sequester would be great news for risk assets but two years of certainty would still be good news. In any case, the market isn’t likely to dive in headfirst until the deal is signed, sealed and delivered.