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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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Blinken And Austin To Testify To Senate On Biden's USD$106B Request
09:30 ET 13:30 GMT: Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin are shortly due to deliver testimony to the Senate Appropriations Committee on President Biden’s USD$106 billion national security request. LIVESTREAM
- Biden's request includes military and humanitarian aid for a range of foreign policy priorities including Ukraine, Israel, Taiwan, and the US-Mexico border. Breakdown of the package, per Reuters: LINK
- The testimony comes as House Speaker Mike Johnson's (R-LA) decision to advance a package of Israel aid independent of the White House request has created uncertainty over the future of the package in Congress. See today's edition of the MNI US Daily Brief for analysis of how Johnson's Israel plan could imperil Ukraine aid and raise the risk of a government shutdown.
- The Senate Appropriations Committee is generally supportive of the White House package so the Secretaries are unlikely to face the same scrutiny they would in the House or Senate Foreign Relations Committee.
- Senate Minority Leader Mitch McConnell (R-KY), who sits on the panel and is a vocal advocate for Biden's package, said in a speech yesterday: “Right now, the Senate has a chance to produce supplemental assistance that will help us do exactly that. Enemies abroad will be watching closely and waiting for America to falter. Only our concrete and credible support can deter our adversaries in the future and restore security.”
To read the full story
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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.