Two Major Trade Deals are Reached

Last week, the White House and democratic negotiators reached a tentative agreement on a new trade deal with Mexico and Canada, setting up a possible vote in Congress to sign the deal into law before the end of the year. Furthermore, it was announced last night that the U.S. and China have reached a partial deal on the so-called phase-one trade deal.

Additionally, House and Senate republican and democrat leadership announced yesterday afternoon that they had reached “a deal in principle” on a bill that would fund the government through FY2020. Senate Appropriations Committee Chairman Richard Shelby (R-AL) told reporters that a deal was reached and that staff members were working out "a few details." Furthermore, when asked about a government shutdown, Treasury Secretary Steve Mnuchin told reporters that a government shutdown is unlikely, saying, “Let me say in no uncertain terms, nobody wants to have a government shutdown.”

From PMAA