by Bill McBride on 10/26/2015 08:00:00 PM
Monday, October 26, 2015
From Nick Timiraos And Siobhan Hughes at the WSJ: White House and Boehner Close In on Budget Deal
The White House and Speaker John Boehner (R., Ohio) Monday were nearing a deal on a two-year budget plan that would also increase the federal debt limit, according to people familiar with the discussions.Tuesday:
A main object of the talks is to remove the risk that the government might default next month or face a partial government shutdown in December. A deal would suspend the debt limit into early 2017 and establish new spending levels through September 2017, according to people familiar with the discussions.
• At 8:30 AM ET, Durable Goods Orders for September from the Census Bureau. The consensus is for a 1.0% decrease in durable goods orders.
• At 9:00 AM, S&P/Case-Shiller House Price Index for August. Although this is the August report, it is really a 3 month average of June, July and August prices. The consensus is for a 5.1% year-over-year increase in the Comp 20 index for August. The Zillow forecast is for the National Index to increase 4.7% year-over-year in August.
• At 10:00 AM, the Richmond Fed Survey of Manufacturing Activity for October.
• Also at 10:00 AM, the Q3 Housing Vacancies and Homeownership from the Census Bureau.
Posted by Bill McBride on 10/26/2015 08:00:00 PM