A handful of toss-up U.S. Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit with a fresh bout of volatility.
Democrats
Democrats of both the House and Senate have filed The Open Internet Preservation Act today in a bid to bring back net neutrality, TechCrunch reported.
The two-year U.S. budget deal approved by the U.S. Congress Wednesday gives both Democrats and Republicans something to brag about, starting with the mere fact that they did it.
In a 254-159 vote, the US House of Representatives passed a legislation exempting private equity firms from provisions in the 2010 Dodd-Frank Wall Street Reform Law. However, a similar action is not expected from the Democrat-dominated US Senate.
Illinois intends to sell USD350 million in general obligation bonds in a sale initially slated on December 12. Illinois legislators are set to vote on a pension reform bill that could save the state around USD160 billion in 30 years.
Democrats urged Republicans to limit tax breaks, executive stock options and other tax preferences enjoyed by hedge fund managers and private equity advisers.
The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.
A waging battle on budget between Democrats and Republics was held last October 1 that was seen to threaten a government shutdown.
US President Barack Obama proposed a plan that would satisfy both Democrats and Republicans alike.
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