President Donald Trump called a spending package “ridiculous” in a tweet on Thursday, raising the chances for a partial government shutdown at the end of the month, and also blasted OPEC anew over the price of oil.
‘RIDICULOUS SPENDING BILL’
Trump raised odds for a government shutdown by labeling a spending package “ridiculous,” and imploring Republicans to “finally get tough” on the issue of border security and his proposed wall separating the U.S. and Mexico.
“I want to know, where is the money for Border Security and the WALL in this ridiculous Spending Bill, and where will it come from after the Midterms?” Trump asked in a tweet.
Republicans are aiming to push a fight over the border wall until after the Nov. 6 midterms, and the Senate has passed a bill to keep the government running through Dec. 7. The House is expected to act on the measure next week, but Trump’s tweet suggests he may not sign it. Government operations are funded through Sept. 30, and without a spending bill, a partial shutdown would ensue.
Read: Trump raises prospect of government shutdown — should investors worry?
How Manafort’s Cooperation Could Help Advance Mueller’s Probe
TRUMP TEARS INTO OPEC
Also on Twitter, Trump took fresh aim at the Organization of the Petroleum Exporting Countries, saying the cartel “must get prices down now!”
As MarketWatch reported, his remarks came ahead of a closely watched meeting in Algiers of a committee made up of representatives of OPEC countries and its outside allies. November futures on global benchmark Brent crude LCOX8, -0.98% turned lower Thursday. John Kemp, a Reuters market analyst, tweeted that Trump seems to want Brent prices “closer to $70 or below.”
Also see: Trump blasts OPEC on oil prices, says ‘must get prices down now!’
CONGRATULATIONS ON S&P RECORD
Trump said “congratulations USA!” on Twitter as the S&P 500 SPX, +0.61% index notched an all-time high at Thursday’s open.
The Dow Jones Industrial Average DJIA, +0.86% also notched its first intraday record in eight months Thursday morning.
Source: Read Full Article