Headlines discussed at LNWM’s Monday meeting:
— The US House of Representatives passed $4.1 trillion budget, the first concrete step toward tax reform.
— Volcker Rule banning banks from speculating with their own money will be revised, US regulators said.
— Puerto Rico’s debt should not be forgiven, said White House budget director, contradicting Trump.
— IMF expects to upgrade its forecast for global growth next week, due to global economic upswing.
— The US economy lost 33,000 jobs in Sept., most in 7 years, due to hurricanes Harvey and Irma.
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