Daily News | Tax bill vote delayed

Hello and welcome to the last day of trading this week. Today the focus has to be on US tax bill vote, which is supposed to be the culmination of Donald Trump’s plan, since this was one of his biggest promises in the campaign. However, things are not going smoothly. The Senate discussed the proposed legislation, but the problem was an amendment which was supposed deal with the increased budget deficit which is likely to increase as a consequence of this decision. This affected the US markets as both the dollar and various stock fell when it became obvious that the tax bill vote would be delayed. Up until then, however, things were looking good. Whether the vote occurs on Friday will greatly influence the financial situation in the country.

In other news, we will talk about Bitcoin again. The cryptocurrency is on approximately 9600$, which is a 15% drop from its record value reached earlier this week. This is a consequence of some experts warning against investing in it due to a potential bubble forming. Overall data, however, shows that Bitcoin has gained a staggering 55% in the month of November, so it seems like in the long run there is no stopping it. But we will see what the next week brings.

Daily News | Trade in a safe environment

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Author: Max Rothstein

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