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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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Free Access"Debt Ceiling Solution Must Be Able To Secure Democratic Votes"
Reuters carrying comments from a White House official stating that, "any debt ceiling solution must be able to secure Democratic votes, not just House Freedom Caucus."
- The official continued, "[Speaker] McCarthy's [R-CA] team last week moved in more partisan direction, Biden continues to look for bipartisan solution to debt ceiling."
- "McCarthy’s team had proposed additional nutrition program cuts and annual funding caps three times longer than any recent budget deal."
- The comments come as negotiators emerge from a round of preparatory talks ahead of the key meeting between Biden and McCarthy scheduled to take place at 17:30 ET 22:30 BST.
- Jake Sherman at Punchbowl News reports that Rep Garret Graves (R-LA), McCarthy's representatives in talks, "just exited McCarthy's office, where Republicans were meeting with White House negotiators. The Louisiana Republican ignored all questions from reporters."
- Garret Haake at NBC: "Nobody talking to reporters at all. If you’re a tea leaf reader on this kind of thing, silence usually indicates more progress than chatter, but it’s [up in the air]."
- Rep Patrick McHenry (R-NC), one of the GOP negotiators, told reporters: “There’s still not agreement on a few major items and more work has to be done.”
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.