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‘Dreamer’ Deadlock Energizes Democratic Midterm Enthusiasm

“The White House has sought to blame Democrats for the impasse, with officials stressing their openness to a deal” writes unknown author for bloomberg.com. Democrats gunning for U.S. congressional gains in November’s midterms hope to capitalize on the lack of a deal to protect young undocumented immigrants — dubbed Dreamers by their advocates — from deportation. Source: bloomberg.com Share This:

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May to meet Scottish and Welsh first ministers

“Nicola Sturgeon and Carwyn Jones, the Scottish and Welsh first ministers, will table proposals to end months of deadlock over Brexit when they meet the prime minister on Wednesday” writes Severin Carrell for theguardian.com. Both devolved governments have introduced rival legislation on Brexit in case they fail to reach a deal on the UK government’s EU withdrawal bill.Theresa May is hosting a summit at Downing Street with the two devolved governments, also attended by officials from Northern Ireland, to discuss a complex and controversial deal on redistributing powers around the…

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Republicans float minor immigration deal to end deadlock

“Mark Meadows, the head of the hard right Freedom Caucus, threw cold water on the idea that any Senate deal would bind the lower chamber” writes Ben Jacobs for theguardian.com. Any immigration deal reached by the Senate would still need to be approved by the House of Representatives.McConnell’s proposal would allow the Senate to debate and vote on an immigration deal if a broader bipartisan compromise was not reached in the next three weeks.Republicans had used Chip as leverage in the failed vote on Friday night to fund the government…

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The key paragraph that broke deadlock over Brexit

“Ireland’s foreign affairs minister, Simon Coveney, said it was the extra paragraph that got the deal through” writes Tom Embury-dennis for independent.co.uk. Ms May admitted on Friday morning that “specific solutions to what are the unique circumstances of Northern Ireland” would still need to be found – suggesting the deal was partly a fudge. Source: independent.co.uk Share This:

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Global rules devised to stop repeat of financial crisis agreed after year-long deadlock

“Global banking rules designed to prevent a repeat of the 2008 financial crisis have finally been agreed after a year-long deadlock” writes Mark Price for telegraph.co.uk. However big banks won a major concession by delaying the rules kicking in by three years to 2022.It is also hoped the changes will boost competition by helping smaller banks, which typically have to hold proportionally more capital under the old system.They will then have another five years to implement the changes, taking them up to 2027 – almost two decades on from the crash. “When the next…

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Sterling expected to fall much further if Brexit talks fail to break deadlock

“Currency analysts are predicting a volatile period of trade for sterling as the British government races to agree a crucial Brexit deal ahead of an EU leaders’ summit later this month” writes Natasha Turak for cnbc.com. The U.K. has to clear certain key issues before both sides can start discussing a possible trade deal.The pound continued its slide Tuesday morning on news that a nearly-achieved deal had fallen through over disagreement on the question of the Irish border.Sterling was trading at around 1.3400 against the dollar at 9:00 a.m. Source: cnbc.com…

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Pound slides to 6-day low as Brexit talks hit deadlock again

“The pound was slammed by the latest developments in the Brexit talks between London and Brussels” writes Markets Reporter for marketwatch.com. The British pound slumped to an almost one-week low on Tuesday, driven lower by concerns over the U.K.’s Brexit talks hitting another wall, with just 10 days to go to a key meeting between European leaders. Source: marketwatch.com Share This:

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Brexit talks deadlock has been ‘exaggerated’, Donald Tusk says

“Reports that Brexit talks between Britain and the EU are deadlocked have been “exaggerated”, the president of the European Council has said” writes Jon Stone for independent.co.uk. Mr Barnier had used the term “deadlock” three times in a press conference at the conclusion of the last round of talks, specifically in reference to the divorce bill. Source: independent.co.uk Share This:

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