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© Reuters. Trump will not sign a budget, says Paul Ryan; (Reuters) – US House of Representatives President Paul Ryan said US President Donald Trump would not sign the provisional budget approved by the Senate late Wednesday (19). . Trump's decision could lead to the partial closure of the US government as of Friday 21.
The disagreement over the budget approved by Senators and that desired by Trump is the inclusion of 5 billion US dollars to fund the construction of a wall along the border with Mexico, promising the president's campaign to reduce the illegal immigration of Mexicans and drug trafficking. Trump approved the budget only if the money intended to finance the wall was included.
Ryan's statement comes after the president's meeting with Republican congressmen, split on the call. Democrats, who will have a majority in the House of Representatives in January, will oppose the construction of the wall.
Stock Market Reaction
Wall Street stock markets sped up losses after Ryan's release. At 5:22 pm, he fell 2.09% to 2,454 points, from 2.47% to 22,746 points. The index fell 2.12% to 6,496.
In Brazil, the benchmark, the main benchmark of the Brazilian stock market, fell by 1.00% to 84,913 points. The São Paulo stock market was operating unannounced, but cautious with the less accommodating speech of the Fed's decision yesterday and the sharp fall in the price of the stock, which reverses the actions of Petrobras (SA 🙂 , limited gains. Ryan's statement reinforced the pessimism and led the Ibovespa to reverse the highest level.
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