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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
Following a meeting on Capitol Hill with House Democrats, President Biden has released the details of the framework for his Build Back Better social safety net/infrastructure package totaling USD1.75trn of spending.
- There remains significant confusion among Congressional reporters regarding whether there is full support among all 50 Democratic senators for the framework (not the same as having all 50 in favour of a vote).
- There is also a lack of clarity on the smaller Bipartisan Infrastructure Framework (BIF). Some have said that support is there in the House to get the Senate-approve package voted on, with House Speaker Nancy Pelosi and her team launching a full whipping operation to secure the vote, which could be called as early as today.
- Other reporters have suggested that the House Progressive Caucus is going to hold firm and not vote for the BIF until a vote is set up on the Build Back Better package.
Spending Table For Build Back Better Framework
Source: NBC
Revenue Table for Build Back Better Framework
Source: NBC News
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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