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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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Busy Day Ahead In Congress As Gov't Shutdown, Infra Votes Possible
Chad Pergram at FOX News lays out the jam-packed day ahead in Congress:
- "Pelosi says House is scheduled to vote on bipartisan infrastructure bill today. But unclear if it has the votes if liberals pull their support. Some GOPers will vote yes. But moderates could then yank their support for the social spending plan if infrastructure fails/is delayed"
- "Senate poised to vote on temporary gov't funding bill today to avert a shutdown. House will follow. Gov't funding expires tonight. Debt limit issue now placed on back burner"
- The separation of the debt ceiling vote from that on continued gov't funding looks set to allow broad bipartisan support for a continuing resolution that will see the federal gov't funded through until early December. Senate likely to vote on this first before it goes to the House, deadline is 2359ET for this to be signed off by the president.
- With debt ceiling suspension/raising not set to become a crunch issue until mid-October (unless markets dictate otherwise), Congress is more likely to focus on the contentious infrastructure packages.
- Still a stalemate on which one the House votes on first. Leftist Dems demanding the UD3.5trn package is essentially written up before the UD1.2trn bipartisan package is voted on. Centrist Dems demanding bipartisan bill is passed (ideally today) before the larger package can be approved.
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.