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Theresa May pledges talks with Nicola Sturgeon to break Brexit powers deadlock

“Theresa May has pledged to hold discussions with Nicola Sturgeon to help break the deadlock over whether EU powers should be held by Westminster or Holyrood after Brexit” writes Simon Johnson for telegraph.co.uk. Ms Sturgeon has accused the UK Government of a “power grab” because they do not plan to devolve all 111 of the repatriated EU powers that touch on devolved areas.The Prime Minister said she expected a “significant” number of powers repatriated from Brussels to be devolved to Scotland but the UK’s internal market also had to be…

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Beyond the health-care fight looms GOP deadlock over the budget

“And looming beyond health care is a Republican deadlock over the budget” writes Covering Financial Services for washingtonpost.com. Chris Christie (R) shutdown the state government over the budget impasse, shutting down state parks and beaches over the holiday weekend.That spending blueprint will include rules that allow Republicans to pass a tax overhaul with simple majorities in both chambers. Source: washingtonpost.com Share This:

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The GOP’s budget deadlock could derail Trump’s hopes for tax overhaul

“The budget process is much maligned, but it helped President George W. Bush pass his signature tax cuts 16 years ago” writes Andrew Taylor for businessinsider.com. Tea party conservatives are demanding spending cuts, while supporters of the military want even more money for the Pentagon than Trump sought.House Speaker Paul Ryan vows that Republicans will overhaul the tax system this year despite myriad obstacles. Source: businessinsider.com Share This:

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GOP budget deadlock imperils Trump hopes for tax overhaul

“Tea party conservatives are demanding spending cuts, while supporters of the military want even more money for the Pentagon than Trump sought” writes The Associated Press for seattletimes.com. That’s because neither the budget, which is a nonbinding outline, nor follow-up legislation called a budget reconciliation bill can be filibustered in the Senate.Congressional Republicans are struggling to first figure out a budget, but despite weeks of behind-the-scenes negotiations, they remain stuck.House Budget Committee Chairman Diane Black, R-Tenn., has countered with a defense figure in the $620 billion range, but the Armed…

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News Stocks 

How to trade UK stocks as election ends in political deadlock

“Shares of U.K. companies focused on the domestic market could tumble in the wake of the shock hung parliament result in the country’s general election while shares in export-oriented U.K. companies could see a further rally, according to Deutsche Bank” writes Universal Images Group for cnbc.com. A weaker currency boosts the earnings of an exporter once converted back into the local currency. Source: cnbc.com Share This:

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With deadlock in Olympia, Inslee calls special session

“Jay Inslee Friday called a special legislative session to begin Monday so Washington lawmakers could continue their work on education funding and a new operating budget” writes Joseph O’sullivan for seattletimes.com. Meanwhile, legislators aren’t even bothering to negotiate over a 2017-19 state operating budget.With Washington lawmakers deadlocked over a new budget and wrestling over K-12 school funding, Gov.With the state’s 105-day regular session winding down, lawmakers are quietly negotiating a resolution on K-12 school funding to resolve the state Supreme Court’s McCleary order. Source: seattletimes.com Share This:

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