The House passed a one-month spending bill last night, but it faces opposition in the Senate. In a 230-197 vote, the House approved a short-term spending bill that would keep the government funded through February 16. It also reauthorizes the Children’s Health Insurance Program for six years and delays three Affordable Care Act taxes. Six Democrats voted in favor of the measure; 11 Republicans opposed it. But the measure currently doesn’t have enough support in the Senate, one day before the government’s funding expires at 9:01 pm Pacific time tonight.
The University of Michigan’s consumer sentiment index for January fell to 94.4,which is the worst reading since July. Economists expected 98. Confidence has increased since the recession, but it’s still below the bubblicious internet era. Consumers are confident about future buying plans, and the public thinks tax cuts will help. Tax reform was mentioned by 34% of all respondents; and 70% of those who mentioned it thought the impact would be positive, and 18% said it would be negative,
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
