Gold Drops, USD Pops As Mulvaney/Ryan Signals Tax Plan Coming September 25th

OMB Director Mick Mulvaney told Fox Business this morning that the target date for the release of details around a renewed tax plan is September 25th (presumably 2017) and that has triggered USD-buying and gold-selling.
REVENUE NEUTRALITY `NOT ON THE TOP OF OUR LIST’: MULVANEY CAN’T BALANCE U. S. BUDGET LONG-TERM ON CURRENT GROWTH: MULVANEY TRUMP’S FRUSTRATED WITH SLOW PACE OF WASHINGTON ON TAX:MULVANEY TRUMP `ADAMANT’ ABOUT GETTING CORPORATE RATE TO 15%: MULVANEY These remarks follow Trump’s meeting with Congressional leaders Tuesday evening on the subject. As Reuters reports:

This post was published at Zero Hedge on Sep 13, 2017.