Headlines discussed at LNWM’s Monday morning meeting:

— The US federal budget deficit will top $1 trillion a year by 2020, per Congressional Budget Office.
— China announced plans to “open” its markets, including lowering tariffs on car imports.
— Republican Speaker of the House, Paul Ryan, will not seek re-election in November.
— The Federal Reserve discussed need to slow down US economy, meeting minutes show.
— Foreign participation in US Treasury bond auctions weakened, to 2016 levels.

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