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Free AccessGOP Negotiator McHenry: Remaining Issues Are Challenging
Manu Raju at CNN has reported comments from Republican negotiator Patrick McHenry (R-SC) offering a more pessimitic assessment of debt limit negotiations with the White House.
- McHenry: “There is forward progress. But each time there's forward progress, the issues that remain become more difficult and more challenging... So that is step-by-step, small step-by-small step and at some point, this thing can can come together or go the other way."
- Raju: "Asked him about resolving the sticking point of work rules on safety net programs — and whether that’s standing in way of a deal 'Everything's complicated. Everybody wants the details but the larger issue here is an agreement that changes the trajectory of our nation's finances.'"
- McHenry told Fox News' Chad Pegram: "We are in the middle of a lot of different conversations and a lot of different paper coming back and forth... the details are thornier. The consequences are greater."
- McHenry: "We’ve got to be in the closing hours because of the timeline, and I don't know if that's. I don't know if it's the next day or two or three. But this has got to come together."
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.