- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessDebt: No Agreement Yet, But Talks Continue
A deal is one step closer following talks between President Biden and House Speaker McCarthy which have just finished. Comments from McCarthy indicate that the meeting was “productive” and that the tone of discussions had improved. Nothing has been agreed but both sides want a deal, and everything is being talked about. McCarthy says he’ll speak to Biden every day until there is a deal and other negotiators are continuing to talk through the night.
- The Republicans won’t pass an increase in the debt-ceiling without conditions being met and a short-term increase doesn’t benefit anyone. But McCarthy also said that American’s don’t need to prepare for a default.
- Biden said before the meeting that he wants tax loopholes looked at but McCarthy made clear that the Republicans are not interested in looking at revenues and won’t raise taxes.
- The Republicans want significant spending cuts to agree to an increase in the debt ceiling but today McCarthy stated that those cuts are not to impact defence. House of Reps Democratic leader Jeffries said that they’re prepared to discuss freezing spending at current levels.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.