CL Redux
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<b>Trying to understand What is going on with SHUTDOWN to Prepare for OIL price action on Monday </b>
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http://www.huffingtonpost.com/2013/09/27/house-republicans-government-shutdown_n_4005823.html
1/ <b>The Senate has passed a bill that keeps federal employees on the job until Nov. 15 </b>-- but strips the House GOP's attempt to defund the Affordable Care Act. It's now the lower chamber's turn to deal with the legislation.
2/ That has presented House Speaker John Boehner (R-Ohio) with one of the toughest quandaries of his reign since the showdown over the country's debt in 2011.
A large portion of his conference remains committed to dismantling President Barack Obama's signature health care law, but on Friday members were having a hard time agreeing on exactly which pill they could use to poison the law that would also stand a chance of getting swallowed by the Senate.
Part of the problem is that <b>many of the tea party-aligned members see a government shutdown as a better choice than letting Obamacare take root.</B>
3/ "To be absolutely clear, we are going to accept nothing that relates to Obamacare," Senate Majority Leader Harry Reid (D-Nev.) reaffirmed in a press conference Friday.
4/ <b> If any single senator objects to something in a bill, he or she can tie it up for days,</b> as Cruz and Lee did with the measure passed Friday. <b>The only way for a measure to pass before the clock runs out just after midnight on Monday is for senators to unanimously agree to expedite the process.</b>
5/ Boehner does have one option that would guarantee the government keeps humming, but carries potentially severe consequences for him personally: <b>simply putting the Senate's bill on the floor. If just 17 Republicans decide not to roll the dice on shutting down the government, the bill would pass with unanimous Democratic support. </b> The drama would be over for the country -- <b> for at least the next six weeks </b>-- but not for Boehner.
That leaves Boehner trying to thread the legislative needle.
<b>House Republicans were expected to meet on Saturday to map out a plan.</b>
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http://www.huffingtonpost.com/2013/09/27/house-republicans-government-shutdown_n_4005823.html
1/ <b>The Senate has passed a bill that keeps federal employees on the job until Nov. 15 </b>-- but strips the House GOP's attempt to defund the Affordable Care Act. It's now the lower chamber's turn to deal with the legislation.
2/ That has presented House Speaker John Boehner (R-Ohio) with one of the toughest quandaries of his reign since the showdown over the country's debt in 2011.
A large portion of his conference remains committed to dismantling President Barack Obama's signature health care law, but on Friday members were having a hard time agreeing on exactly which pill they could use to poison the law that would also stand a chance of getting swallowed by the Senate.
Part of the problem is that <b>many of the tea party-aligned members see a government shutdown as a better choice than letting Obamacare take root.</B>
3/ "To be absolutely clear, we are going to accept nothing that relates to Obamacare," Senate Majority Leader Harry Reid (D-Nev.) reaffirmed in a press conference Friday.
4/ <b> If any single senator objects to something in a bill, he or she can tie it up for days,</b> as Cruz and Lee did with the measure passed Friday. <b>The only way for a measure to pass before the clock runs out just after midnight on Monday is for senators to unanimously agree to expedite the process.</b>
5/ Boehner does have one option that would guarantee the government keeps humming, but carries potentially severe consequences for him personally: <b>simply putting the Senate's bill on the floor. If just 17 Republicans decide not to roll the dice on shutting down the government, the bill would pass with unanimous Democratic support. </b> The drama would be over for the country -- <b> for at least the next six weeks </b>-- but not for Boehner.
That leaves Boehner trying to thread the legislative needle.
<b>House Republicans were expected to meet on Saturday to map out a plan.</b>
STAGE 2 in Shut down
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http://www.huffingtonpost.com/2013/09/29/house-budget-vote_n_4010096.html
1/ The House voted early Sunday morning to pass a new continuing resolution, 231 to 192, which would fund the government thru Dec. 15.
The plan, which emerged on Saturday, <b>would also impose a one-year delay of Obamacare </b>and a full repeal of the lawâs tax on medical devices.
A companion measure headed for approval assures U.S. troops are paid in the event of a shutdown.
2/ Even before the House voted, Senate Democrats pledged to reject the measure and the White House issued a statement vowing a veto in any event. Republicans are pursuing "a narrow ideological agenda ... and pushing the government towards shutdown," it said.
3/ <b>The Senate is not scheduled to meet until mid-afternoon on Monday, 10 hours before a shutdown would begin, </b> and even some <b>Republicans said privately they feared that Senate Majority Leader Harry Reid, D-Nev., held the advantage in the fast-approaching end game</b>. If so, a House GOP rank and file that includes numerous tea party allies would soon have to <b>choose between triggering the first partial shutdown in nearly two decades â or coming away empty-handed from their latest confrontation with Obama.</b>
4/ In the Senate, there was little doubt that<b> Reid had the votes to block a one-year delay in the health care program widely known as "Obamacare." </b>
He said the same was true for the repeal of the medical device tax, even though 33 Democrats joined all Senate Republicans in supporting repeal on a nonbinding vote earlier in the year.
The 2.3 percent tax, which took effect in January, is imposed on items such as pacemakers and CT scan machines; eyeglasses, contact lenses, hearing aids and other items are exempt. Repealing it would cost the government an estimated $29 billion over the coming decade.
5/ <b>The new health insurance exchanges would open Tuesday, a development that's lent urgency to the drive to use a normally routine stopgap spending bill to gut implementation of the law </b>.
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http://www.huffingtonpost.com/2013/09/29/house-budget-vote_n_4010096.html
1/ The House voted early Sunday morning to pass a new continuing resolution, 231 to 192, which would fund the government thru Dec. 15.
The plan, which emerged on Saturday, <b>would also impose a one-year delay of Obamacare </b>and a full repeal of the lawâs tax on medical devices.
A companion measure headed for approval assures U.S. troops are paid in the event of a shutdown.
2/ Even before the House voted, Senate Democrats pledged to reject the measure and the White House issued a statement vowing a veto in any event. Republicans are pursuing "a narrow ideological agenda ... and pushing the government towards shutdown," it said.
3/ <b>The Senate is not scheduled to meet until mid-afternoon on Monday, 10 hours before a shutdown would begin, </b> and even some <b>Republicans said privately they feared that Senate Majority Leader Harry Reid, D-Nev., held the advantage in the fast-approaching end game</b>. If so, a House GOP rank and file that includes numerous tea party allies would soon have to <b>choose between triggering the first partial shutdown in nearly two decades â or coming away empty-handed from their latest confrontation with Obama.</b>
4/ In the Senate, there was little doubt that<b> Reid had the votes to block a one-year delay in the health care program widely known as "Obamacare." </b>
He said the same was true for the repeal of the medical device tax, even though 33 Democrats joined all Senate Republicans in supporting repeal on a nonbinding vote earlier in the year.
The 2.3 percent tax, which took effect in January, is imposed on items such as pacemakers and CT scan machines; eyeglasses, contact lenses, hearing aids and other items are exempt. Repealing it would cost the government an estimated $29 billion over the coming decade.
5/ <b>The new health insurance exchanges would open Tuesday, a development that's lent urgency to the drive to use a normally routine stopgap spending bill to gut implementation of the law </b>.
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Stage 3 ( Preparation ) Government rolls out shutdown plans
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http://money.cnn.com/2013/09/27/news/economy/shutdown-plans/index.html
The outlines of next week's possible government shutdown have started to take shape as government agencies roll out their contingency plans.
Military service members will stay on the job but their paychecks may be delayed.
1/ Employees whose jobs are funded by money other than the annual appropriations that Congress is fighting over will keep working as well. So too will presidential appointees.
<b>But all other programs deemed to be non-essential, or "non-excepted," will be shuttered. And workers at those programs will be furloughed without pay.</b>
2/ The Department of Justice, meanwhile, said it only plans to furlough about 15% of its 114,486-person workforce.
3/ <b>The Department of Health and Human Services has said it will furlough 52% its employees if there's a shutdown.</b>
4/ The FHA won't be issuing, underwriting or approving new loans during a shutdown.
The Department of Housing and Urban Development, of which FHA is a part,<b> said it will be furloughing 96% of its workforce.</b>
5/ National museums: The Smithsonian Institution said its 18 museums and the National Zoo will be closed to the public in a shutdown.
It will furlough 84% of its workforce.
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http://money.cnn.com/2013/09/27/news/economy/shutdown-plans/index.html
The outlines of next week's possible government shutdown have started to take shape as government agencies roll out their contingency plans.
Military service members will stay on the job but their paychecks may be delayed.
1/ Employees whose jobs are funded by money other than the annual appropriations that Congress is fighting over will keep working as well. So too will presidential appointees.
<b>But all other programs deemed to be non-essential, or "non-excepted," will be shuttered. And workers at those programs will be furloughed without pay.</b>
2/ The Department of Justice, meanwhile, said it only plans to furlough about 15% of its 114,486-person workforce.
3/ <b>The Department of Health and Human Services has said it will furlough 52% its employees if there's a shutdown.</b>
4/ The FHA won't be issuing, underwriting or approving new loans during a shutdown.
The Department of Housing and Urban Development, of which FHA is a part,<b> said it will be furloughing 96% of its workforce.</b>
5/ National museums: The Smithsonian Institution said its 18 museums and the National Zoo will be closed to the public in a shutdown.
It will furlough 84% of its workforce.
Something to think about,
http://www.reuters.com/article/2013/09/29/us-china-ftz-idUSBRE98S02K20130929
http://news.yahoo.com/china-adjust-loan-deposit-ratios-banks-shanghai-free-072927597--sector.html
My take,
http://www.daytradingbias.com/?p=104305
Should affect crude, USD in general going into next year.
http://www.reuters.com/article/2013/09/29/us-china-ftz-idUSBRE98S02K20130929
http://news.yahoo.com/china-adjust-loan-deposit-ratios-banks-shanghai-free-072927597--sector.html
My take,
http://www.daytradingbias.com/?p=104305
Should affect crude, USD in general going into next year.
<b>What is going on inside GOP House members Head</b>
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http://www.huffingtonpost.com/2013/09/29/house-republicans-obamacare_n_4013595.html
1/ We just need to stand firm. I think we may get Democrats on this," said Rep. Tom Massie (R-Ky.).
A reporter asked why the president would sign a bill undermining his signature health care law. "He had 22 Democrats vote for a delay of the individual mandate back in July. I think you will get Democrats. I will predict that," Massie said Saturday afternoon. Republicans did get Democrats to support them in the vote that happened later on Saturday -- two of them, the same number of Republicans who switched sides.
2/ <b>Much of the GOP thinking seems to be rooted in the fact that Obama has already delayed some provisions. So why not delay the whole law?
"The president is setting a precedent of delays," said Rep. Michael Grimm (R-N.Y.) "So based on that precedent I think we have a strong argument." </b>
3/ The happy talk is not just for public consumption. "House Rs, even in priv[ate], can't concede yet that their delay CR will fail; have to see it fail and then mull options," Robert Costa of National Review tweeted on Saturday evening.
Even Rep. Tom Cole (R-Okla.), despite his previous criticism of attempts to defund Obamacare through a continuing resolution to fund the government, argued that the new gambit might pay dividends.
"It's up to the president -- he can shut down the government, but he's delayed a lot of [Obamacare] already," Cole told reporters Saturday. "I mean, he's delayed part after part after part of it."
4/ Reid "might not have the votes" to strip out the amendments to delay the law or repeal the medical device tax, Cole added. "We know at least some Senate Democrats are anxious for or support a delay ... the medical device tax has already gotten 70-odd votes over there."
<b>Other lawmakers also pinned their hopes on red-state Senate Democrats who've criticized elements of Obamacare.</b>
5/ "I think there are a number of Democrat senators who secretly want a one-year delay," said Rep. Richard Hudson (R-N.C.). "This device tax may be what they need."
"These are two things that really unite us the most: the device tax and the delay of one year," Rep. John Fleming (R-La.) said. "The thing about the device tax is 79 senators voted for that previously ⦠we could well get a number of Democrats to vote for this, too."
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http://www.huffingtonpost.com/2013/09/29/house-republicans-obamacare_n_4013595.html
1/ We just need to stand firm. I think we may get Democrats on this," said Rep. Tom Massie (R-Ky.).
A reporter asked why the president would sign a bill undermining his signature health care law. "He had 22 Democrats vote for a delay of the individual mandate back in July. I think you will get Democrats. I will predict that," Massie said Saturday afternoon. Republicans did get Democrats to support them in the vote that happened later on Saturday -- two of them, the same number of Republicans who switched sides.
2/ <b>Much of the GOP thinking seems to be rooted in the fact that Obama has already delayed some provisions. So why not delay the whole law?
"The president is setting a precedent of delays," said Rep. Michael Grimm (R-N.Y.) "So based on that precedent I think we have a strong argument." </b>
3/ The happy talk is not just for public consumption. "House Rs, even in priv[ate], can't concede yet that their delay CR will fail; have to see it fail and then mull options," Robert Costa of National Review tweeted on Saturday evening.
Even Rep. Tom Cole (R-Okla.), despite his previous criticism of attempts to defund Obamacare through a continuing resolution to fund the government, argued that the new gambit might pay dividends.
"It's up to the president -- he can shut down the government, but he's delayed a lot of [Obamacare] already," Cole told reporters Saturday. "I mean, he's delayed part after part after part of it."
4/ Reid "might not have the votes" to strip out the amendments to delay the law or repeal the medical device tax, Cole added. "We know at least some Senate Democrats are anxious for or support a delay ... the medical device tax has already gotten 70-odd votes over there."
<b>Other lawmakers also pinned their hopes on red-state Senate Democrats who've criticized elements of Obamacare.</b>
5/ "I think there are a number of Democrat senators who secretly want a one-year delay," said Rep. Richard Hudson (R-N.C.). "This device tax may be what they need."
"These are two things that really unite us the most: the device tax and the delay of one year," Rep. John Fleming (R-La.) said. "The thing about the device tax is 79 senators voted for that previously ⦠we could well get a number of Democrats to vote for this, too."
Officials gave no details on when specific initiatives will be implemented but the government has said most will be introduced in the next three years.
I seems we enough Years ( 3 years) before ' NEW OIL trading paltform based on Shangai FTZ' takes place, may not have any effect on OIL price near FUTURE ..
I seems we enough Years ( 3 years) before ' NEW OIL trading paltform based on Shangai FTZ' takes place, may not have any effect on OIL price near FUTURE ..
I shorted CL and had to chase to get in. Reason for trade was shutdown. Made some money. No real TA needed.