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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.
US
Progressive pollster, Data for Progress, has released a report suggesting that US voters credit President Biden and Congressional Democrats with passing legislation to suspend the federal debt limit.
- DfP: “…voters credit Biden and Democrats in Congress for avoiding the default by an +11-point margin over McCarthy and Republicans in Congress. This includes Democratic voters by a +60-point margin and Independent voters by a +11-point margin."
- "Nearly half of voters credit either President Biden (28 percent) or Democrats in Congress (21 percent) for delivering a successful, bipartisan agreement to raise the federal debt limit, while a smaller portion of voters credit Speaker McCarthy (21 percent) or Republicans in Congress (17 percent).”
- Data for Progress' findings don't appear to be reflected in the approval rating of President Biden which took a sustained hit during the debt limit negotiations. According to RealClearPolitics, Biden's approval rating is currently tracking at 41.6% with -14% net approval, close to year-long lows for the President.
Figure 1: Who is Most Responsible for Passing Debt Limit Legislation?
Source: Data for Progress
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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