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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.
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Free AccessBRIEF: ECB's Panetta-Time To Start Thinking Of NGEU Successor
MNI China Daily Summary: Wednesday, Aug 21
Funding Agreement "Moves US Closer To Preventing Govt Shutdown"
White House National Security Council Spokesperson John Kirby and Press Secretary Karine Jean-Pierre have briefed reporters en route to South Carolina where President Biden is scheduled to deliver remarks at a political event.
- On the framework for funding the government unveiled yesterday by House Speaker Mike Johnson (R-LA) and Senate Majority Leader Chuck Schumer (D-NY), Jean-Pierre says, the bipartisan funding framework, "moves us one step closer to preventing a needless government shutdown," adding that the agreement rejects "deep cuts" called from by Republicans.
- Jean-Pierre says that "congress must also act" on President Biden's national security supplemental government funding request currently subject to ongoing negotiations about policy at the US-Mexico border. Republican negotiator Senate James Lankford (R-OK) told reporters yesterday that a framework on US-Mexico border policy could be released as soon as this week.
- Asked if this morning's suspectedIsraeli airstrike - believed to have killed a high-ranking Hezbollah commander - could further increase tensions, Kirby says he believes that displaced people in Gaza and Lebanon have a right to return home but declined to comment of the operation.
- On the unfolding scandal surrounding Defense Secretary Lloyd Austin's absence from duty, Kirby says: "Our main focus right now is on [Austin's] health... he's already resumed all his functions [from hospital]," but adds that the NSC will look at procedure and make any necessary changes.
- Although Kirby says there are no plans for Austin to be relieved of duties, the incident could leave Biden vulnerable to Republican attacks on his control over his government.
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.