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The U.S. Speaker of the House claims to have secured the key votes for a procedural vote on the tax bill.
Jin10 Data, July 3 - According to Fox News, House Speaker Johnson stated that the key votes will be secured soon, and the final vote is expected to take place "earlier in the morning." ForexLive analyst Justin Low noted that it is currently around 2 AM local time, and voting has been ongoing for over four hours. Just a reminder, this is a vote on the reconciliation bill (tax bill) rules, which need to be passed so that the House can debate the bill itself. So, there is still a long way to go. The passage of this bill may be delayed by another three to four hours.