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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
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Congress To Return Tomorrow With Four Days To Prevent Government Shutdown
Congress will come back into session tomorrow with four days to pass a short-term funding measure to avert a government shutdown on Saturday.
- President Biden said over the weekend: “Just a few months ago... myself and [House Speaker Kevin McCarthy (R-CA)] agreed on spending levels for the government... Now a small group of extreme Republicans don’t want to live up to the deal...”
- McCarthy plans to take a final run at passing FY24 spending bills before pivoting to a last-minute Continuing Resolution to prevent a government shutdown.
- It is unclear if McCarthy has the votes to bring bills to the House floor, let alone pass them, and, of course, the FY24 bills will be DOA in the Senate and do little to prevent a government shutdown.
- The Washington Post reports that a discharge petition may offer an “escape hatch” if McCarthy or a group of moderate House Republicans choose to work with Democrats to pass a stopgap, but with conservatives poised to trigger a 'motion to vacate the chair, pursuing such an option could cost McCarthy his job.
- see today's edition of the MNI US Daily Brieffor more analysis.
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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.