News Headline Summary

Senate has enough votes to suspend the debt limit for 3 months

Reaction details (14:57)

- Emini S&P initially moved lower by 1 point from 1494.00 to 1493.00 before paring.
- No reaction was seen in USD or T-notes as this was largely expected and priced-in.

Analysis details (15:02)

- The passing of the bill now allows Congress to tackle the issue of Sequestration which takes effect on March 1st.

31 Jan 2013 - 14:49 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: