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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 AccessMNI China Daily Summary: Wednesday, November 27
MNI BRIEF: Riksbank Dec Cut On If Things Hold - Jansson
Biden Supports SCOTUS Term Limits & Amendment To End Pres. Immunity
Writing in a WaPo op-ed, President Joe Biden proposes a constitutional amendment called the 'No One Is Above the Law Amendment', that would remove the immunity for crimes a former president committed while in office. Comes after the Supreme Court ruled earlier in July that a president has broad immunity for crimes committed during their time in office as part of 'official acts'. The ruling resulted in a major backlash from liberals, arguing that it would give the presidency dictatorial powers.
- Biden also calls for the imposition of term limits on Supreme Court justices, and a binding 'code of conduct' for those called to the bench.
- Biden: "Term limits would help ensure that the court’s membership changes with some regularity. That would make timing for court nominations more predictable and less arbitrary. It would reduce the chance that any single presidency radically alters the makeup of the court for generations to come." Biden says he supports a system of a new justice being appointed every two years for a single 18-year term.
- The likelihood of either of these coming to fruition is slim. Constitutional amendments require the backing of two-thirds of both the House of Representatives and the Senate (or a national convention called by 2/3 of states), and then ratification by 3/4 of all state legislatures or state-ratifying conventions. Given the massively divided and partisan nature of US politics, the bipartisan support needed for an amendment is significantly lacking.
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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.