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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.
US
Last night, by a 63-36 margin, the US Senate passed the Fiscal Responsibility Act 2023 averting what would have been a catastrophic default by the US gov't when it hit the debt ceiling in just a few days time. Following on from this, President Joe Biden will sign the legislation later today before delivering an address to the nation at 1900ET (0000BST, 0100CET, 0800JST).
- In the event, 44 Democrats, 17 Republicans and 2 Independents voted in favour of the deal. Despite the vocal support of Senate minority leader Mitch McConnell (R-KY), 31 Republican senators voted against the deal, while four Democrats from the left of the party and veteran left-wing Senator Bernie Sanders (I-VT) also refused to give their backing.
- For more detail on the Debt Limit saga, see our US Political Risk Brief published daily at around 0830ET/1330BST/1430CET.
Source: New York Times
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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