Treasury 10-year note yields traded in the narrowest range in a month amid speculation whether Federal Reserve Chairman Janet Yellen will acknowledge that the recovery in the U.S. labor market is slowing.
House Republicans, set on extracting concessions from Democrats as the need to raise the U.S. debt limit approaches, are planning to develop a strategy at their annual legislative conference next week.
Republican National Committee Chairman Reince Priebus said in an interview on Bloomberg Television’s “Political Capital with Al Hunt” airing this weekend that he expects the House of Representatives, controlled by his party, to enact some “major” revision of U.S. immigration laws within the next year.
House Republican leaders proposed a short-term increase in the debt ceiling that would continue the government shutdown and reduce the prospects for a U.S. default while extending the partisan fiscal fight.
House and Senate Republicans are starting to narrow their demands for health-care law changes in the U.S. fiscal impasse as they prod President Barack Obama to attach such revisions to a bill to end the government shutdown.