Power ShiftTuesday, March 31, 2026

US Lawmakers Back Taiwan's Stalled $40 Billion Special Defense Budget

Sourced from 4 publications

•US lawmakers visiting Taiwan voiced support for a $40 billion special defense budget stalled in the opposition-controlled parliament, per ABC News.
•The defense spending package faces domestic political gridlock, with opposition legislators blocking its passage.
•The New Taiwan dollar opened at NT$32.02 against the US dollar Tuesday, weakening 2.4 cents from the prior close.
•By mid-morning the US dollar traded at NT$32.064, a routine daily fluctuation unrelated to the congressional visit.
•India's rupee separately gained 1.3 percent to 93.59 per dollar after the RBI imposed new limits on banks' net open forex positions.

Sources

新台幣開盤貶2.4分為32.02元

Cna

U.S. dollar up in Taipei trading - Focus Taiwan

Focustaiwan

US lawmakers express support for stalled Taiwan special defense budget

Abcnews

Rupee opens 1 pc higher against US dollar on RBI measures

yespunjab

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Curated from 4 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.