DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Democratic Senator-'Sinema Not At Caucus Meeting On Inflation Reduction Act'

US

Senator Debbie Stabenow (D-MI) has stated that her fellow Democrat Kyrsten Sinema (D-AZ) was not in attendance at the meeting this morning of the Senate Democratic caucus to discuss the slimmed-down reconciliation bill - dubbed the Inflation Reduction Act - agreed to last night by majority leader Chuck Schumer (D-NY) and centrist Joe Manchin (D-WV). Stabenow said that Sinema “wasn’t joining us at this point” but added that the Arizona senator “cares deeply about the climate crisis. I know she cares deeply about bringing jobs home.”

  • Sinema's non-attendance could cause some concerns among Democrats, given her vote will be crucial in getting the bill through a 50-50 senate. Sinema has previously gone on record arguing against the minimum corporate tax rate provision included in the bill.
  • Senator Chris Van Hollen (D-MD) states that he believes it could take two weeks to finish reconciliation due to the process of the Senate parliamentarian in enforcing the 'Byrd rule'.
  • Could prove difficult to get the bill passed in this time frame, with the Senate set to enter summer recess on August 8. Positive COVID test for majority whip Dick Durbin (the individual tasked with counting votes) could make the task even more difficult.
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.