Looks like the US budget deal is going to easily pass Congress, for a change

Jay Soloff

Argonath Financial

Looks like the US budget deal is going to easily pass Congress, for a change. After smoothly making it through the House, the Senate voted 67-33 to move the plan to a final vote. Basically, the bipartisan-negotiated budget deal will ease $63 billion in spending cuts. This agreement avoids most of the major hot button topics, such as tax increases, entitlement reform, and the debt ceiling. However, politicians correctly assumed the populace wasn't going to stand for another government shutdown. In terms of the plan itself, discretionary spending will be higher for the coming fiscal year (which is good for the economy) and airline fees will be increasing for passengers. But the bottom line is both parties needed to come up with a plan that would pass Congress, and they finally were able to compromise on something important.

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Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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