NEWS ALERT : White House Looking Into Diverting Army Corps Funds to Build Wall

NEWS ALERT : White House Looking Into Diverting Army Corps Funds to Build Wall

WSJ - The White House has asked the U.S. Army Corps of Engineers to look into projects approved in a bill providing disaster relief for Puerto Rico, Texas, California and Florida to see where funding could be diverted to build a wall along the border with Mexico, according to a congressional aide familiar with the discussions.

Almost three weeks into a partial government shutdown, President Trump has signaled he may seek a way out of the impasse over funding a wall by declaring a national emergency at the border with Mexico. Federal law allows the president to halt military construction projects and divert those funds for an emergency.

Impact : Medium
Sentiment : Good for Dollar

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