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President Donald Trump is currently thousands of miles away. Nevertheless, this week his policy agenda faces tests back in the USA as Trump is about to shift the focus from Russia investigations to his ambitious plans for spurring US military power as well as revamping the tax code.
On Tuesday, the White House is expected to present its budget proposal stressing the president’s priorities in a blueprint, calling for large cuts to social safety-net programs, including Medicaid as well as food assistance, simultaneously stepping up Pentagon and also border-security spending.
While on Wednesday Trump visits Pope Francis in Rome on, in Washington Treasury Secretary Steven Mnuchin is going to testify about the President’s 2018 budget initiative before the House Ways and Means Committee. Additionally, the same congressional panel is on the verge of holding a separate hearing devoted to a tax overhaul aimed at reducing rates as well as speeding job surge.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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