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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access09:30ET/14:30BST: Def Sec Austin And Joint Chiefs Milley Testify To Senate
09:30 ET/14:30 BST: US Defence Secretary Lloyd Austin and Joint Chiefs of Staff Chairman Mark Milley are shortly due to appear before the Senate Armed Services Committee.
- A livestream of the hearing can be followed: Here.
- The two defence officials will take questions of President Biden's FY23 budget proposal but the hearing is expected to be broad and sharp questions on policy from GOP Senators are likely.
- Austin testified to the House Armed Services Committee on Wednesday and engaged in several heated exchanges with Republican House Reps on Biden administration strategy in Ukraine, China, and a supposed 'woke agenda' within the armed forces.
- The committee hearing may be of particular relevance in light of a rapid deterioration of diplomatic relations with China which intensified overnight amidst speculation of a House Speaker Nancy Pelosi (D-CA) trip to Taiwan.
- Although the Biden budget proposes a significant increase in defence spending, lawmakers are concerned that the war in Ukraine is critically endangering US capacity to counter China in Asia-Pacific.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.