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Free AccessDemocrat Leadership At Odds Over Permitting As Govt Funding Vote Approaches
Democrat Leadership in the House and Senate appear at odds over the inclusion of permitting reform in a continuing resolution to keep the govt funded though December.
- House Majority Leader Steny Hoyer (D-MD) and House Speaker Nancy Pelosi (D-CA) both said today that they’re in the dark over negotiations between Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV).
- Eric Wasson at Bloomberg: "Hoyer says Pelosi and Dems never agreed to do a permitting bill. This contradicts view of sources at time."
- The permitting reform is part of a deal Schumer made with Manchin to get the Inflation Reduction Act over the line and would relax regulation for energy companies operating on federal land.
- Yesterday, Schumer appeared to call the bluff of over 70 House Democrats who made a tacit threat to shut the govt down if Schumer attaches the permitting reform to the continuing resolution. Schumer: "The permitting agreement is part of the [Inflation Reduction Act] agreement. I’m going to add it to the CR, and it will pass."
- Most analysts still consider the chance of a govt shutdown low, but infighting amongst Democrat leadership so close to November's midterms could fracture a rare period of party unity and affect midterm campaigning.
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.