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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.
US
President Biden is expected to announce a new set of executive orders on border security this week. AP notes that mayors from border towns will travel to Washington for an event on Tuesday, supporting reporting that the announcement is likely to take place before Biden departs for France on Wednesday.
- A White House spokesperson said: “The Administration continues to explore a series of policy options, and we remain committed to taking action to address our broken immigration system.”
- The Hill reports that the executive orders would allow Biden to “shut down” the US-Mexico border when there’s a significant daily surge in migrants.
- House Speaker Mike Johnson (R-LA) told Fox News the actions were “too little, too late.” Johnson said: “He’s trying to desperately show the American people that he wants to address the issue that he himself created.”
- Polls continue to indicate that border security is one of Biden's major vulnerabilities but concerns over immigration receded slightly in May after toping the list of most important problems January, February, March, and April. Gallup notes: "...mentions of [immigration] have fallen nine percentage points since last month," as concerns over the economy increase.
- The exectutive actions may be crucial for Biden to minimise exposure to the issue during the first presidential debate on June 27 where former President Donald Trump is exected to advocate for a hardline set of border policies.
Figure 1: Top Problems for Voters
Source: Gallup
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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