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04.01.201914:04 Forex Analysis & Reviews: US House of Representatives voted for a budget without funds for the wall

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Exchange Rates 04.01.2019 analysis

The House of Representatives of the US Congress voted to adopt a draft budget that allows for the resumption of the work of some federal agencies of the American government. At the same time, the budget does not include funding for the construction of a wall on the border with Mexico, as insisted by US President Donald Trump.

The new bill includes short-term funding from the United States Department of Homeland Security (MUP) and the allocation of $ 1.3 billion to protect the border. 239 people voted "for", 192 people voted "against". The White House administration rejected the proposed draft budget.

As is known, the current suspension of the federal government in the United States was caused by disagreements between Congress and the White House on the issue of financing the construction of a wall on the border with Mexico in order to minimize the flow of illegal migration. Donald Trump, who insists on building the wall, argues that the US budget should be earmarked for $ 5.7 billion for this project.

Tatiana Strelkova
Analytical expert of InstaForex
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