Americans are draining their checking accounts as stimulus talks drag (SPY +0.1%). Low oil prices force Saudi Arabia to cut 2021 budget plan. Here is the current market situation from CNN Money North and South American markets are mixed today. The IPC is up 0.70% while the S&P 500 gains 0.17%. The Bovespa is off 0.37%. What Is Moving the Markets Here are the headlines moving the markets. Low Oil Prices Force Saudi Arabia To Cut 2021 Budget Plan Saudi Arabia reduced its budget plan for 2021 by 7 percent from this years in response to the economic fallout of the pandemic, which pushed oil prices to multi-year lows. Reuters reported that Riyadh will spend some $264 billion next year, or 990 billion riyals, as it battles a substantial deficit resulting from the latest oil price collapse. Earlier this year, the Kingdom was forced by oil market circumstances to implement some unpopular austerity measures, including a triple increase in value-added tax and the cancellation of so-called