Debt limit increase as well
Higher military and domestic spending will be offset with savings elsewhere, according to sources. It is always a relief to keep the government up and running. The deal would still have to be approved by the full Senate and House, and submitted to Pres. Obama for approval.
Whether related of not, the dollar is a touch higher with the USDJPY moving above the 121.00 level and the EURUSD coming off the 110.67 high to the 110.50 area currently.
In other news Rep Paul Ryan is expected to be elected the new speaker on the House of Representatives on Thursday.
