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Record low net reserves raise concerns amid Argentina’s election season
Argentina’s Central Bank (BCRA) is facing historically negative net reserves, causing concern among investors ahead of the upcoming PASO elections. The BCRA’s net reserves, the difference between its assets and short-term liabilities, have plummeted to a record low of -US$6.45 billion. This has raised fears of a potential mass withdrawal of deposits, which could further […]
House Democrats unveil immigration, border reform plan after crisis proves to be pivotal election issue
A group of House Democrats is unveiling their own plan for border security and immigration reform, another sign the left is gradually growing to embrace discussions of how to solve the U.S. migrant crisis. The New Democrat Coalition, a caucus of nearly 100 lawmakers that bills itself as “center-left,” revealed a framework that called for […]
‘Worse than doing nothing’: GOP rips into Schumer-backed border bill
Senate Republicans tore into Senate Majority Leader Chuck Schumer, D-N.Y., and Democrats for reviving a “sham” border bill, which was already rejected by the GOP conference, for another test vote this week. A group of Republican lawmakers, led by Sen. Marsha Blackburn, R-Tenn., held a press conference Wednesday as they prepare for the Senate to […]