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Dem Leader Jeffries: House Republicans Are Intent On Crashing The Economy
Max Cohen at Punchbowl News reports comments from House Minority Leader Hakeem Jeffries (D-NY) providing a pessimistic assessment of debt limit talks.
- Jeffries: “It’s increasingly clear to me that House Republicans are intent on crashing the economy and defaulting on our debt. That’s wrong. It will hurt everyday Americans in the brinksmanship.”
- With the Senate in recess and the White House negotiators declining to talk substantively to the press, much of the Democrat messaging on the debt ceiling has fallen Jeffries.
- Jeffries' comments reflect a more pessimistic tone on the Hill as negotiators continue discussions at the White House.
- Jeffries told reporters yesterday that Democrats are willing to accept a spending freeze as part of a deal but unwilling to consider the spending cuts restated as a condition by House Speaker Kevin McCarthy (R-CA) today.
- Jefferies: “As part of the effort to find common ground, we’re willing to consider freezing spending. That is not an extreme proposal. That is a reasonable proposal.”
- White House Press Secretary Karine Jean-Pierre is scheduled to brief the press in around 15 mins: https://www.whitehouse.gov/live/
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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.