The fiscal hawks are fighting back on the budget bill ...Middle East

So where will the savings come from?

Significant change of tune from Senate GOP leaders who said at their closed-door retreat that House isn’t being aggressive enough on spending cuts & should still consider FMAP reductions to maximize Medicaid savings, per 3 attendees

FMAP is the share of Medicaid payments that the Federal government pays. This comes after Speaker Johnson said FMAP reductions were probably off the table after meeting with moderates.

I think this ultimately end with a huge deficit and promises that it will 'pay for itself' but the bond market won't like that.

This article was written by Adam Button at www.forexlive.com.

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