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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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Bipartisan Border Security Bill Could Unlock Biden's USD$106B Supplemental
Republican Senator James Lankford (R-OK) is reportedly engaged in discussions with Senate Democrats on a bipartisan border security deal which could help unlock GOP Senate support for President Biden’s USD$106 billion national security supplemental funding request.
- Centrist Democrat Senator Jon Tester (R-MT) told Semafor: “I certainly wouldn’t write it off, but it’s gotta be reasonable policy.”
- Senator John Cornyn (R-TX) said: “I think maybe this is a magic moment. If I were President Biden, I’d say the mean old Republicans made me do this and he’d take one of his biggest political liabilities off the table.”
- A mainstream view on Capitol Hill is that if the Senate can pass Biden’s supplemental request it would force House Republican leadership to bring the entire package up for a vote. That may reduce the risk of a clash between the House and Senate for the inclusion of Ukraine aid in a Continuing Resolution to avert a government shutdown on November 17.
- Punchbowl News reports that House Speaker Mike Johnson (R-LA) appears to have softened his position on Ukraine: “After voting against assistance for Kyiv in September, Johnson is now privately telling people he is in favor of sending more cash to the Ukrainians.”
- Johnson's decision to bifurcate Biden's supplemental request positions him deeply at odds with the Senate and White House but a softer line appears to provide a pathway for Ukraine aid.
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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.