MNI China Daily Summary: Friday, July 12

MNI BRIEF: China June M2 SlowsTo Record Low For Third Month

MNI BRIEF: China Steel Export Growth Slows In June

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

Retail Sales / Services Turnover Publications Postponed Indefinitely

CHINA H1 NEW LOANS CNY13.27 TRLN VS JAN-MAY CNY11.14 TRLN

Inflation Momentum Ticks Up Despite Lower-than-expected Print

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GOP Senators To Meet On Bipartisan Infrastructure Deal @ 1700ET

US

A group of Republican senators are set to meet to discuss the bipartisan infrastructure deal at 1700ET (2200BST, 2300CET, 0500HKT) as reports emerge of splits opening within the group.

  • Politico reports that six of the 11 Republican senators that had previously expressed support for the deal were now on the fence in the face of staunch opposition from the right of the party.
  • The 'core' support from the GOP for the bipartisan infra deal - Mitt Romney (R-UT), Lisa Murkowski (R-AS), Susan Collins (R-ME), Bill Cassidy (R-LA) and Rob Portman (R-OH) - remains committed to the near-USD1trn deal. However, the 'peripheral' supporters of the deal in the GOP - Gerry Moran (R-KS), Mike Rounds (R-SD), Lindsey Graham (R-SC), Thom Tillies (R-NC), Todd Young (R-IN) and Richard Burr (R-NC) - are seen as less committed to the plan.
  • Some have raised concerns over IRS enforcement mechanisms for funding the USD600bn of new spending in the plan, while some have raised the prospect of the bipartisan plan paving the way for a much larger USD6trn Democrat-only infrastructure bill. As Politico reports, many of the wavering senators are close to Senate minority leader Mitch McConnell (R-KY), who has not yet stated whether he will support or oppose the plan.
  • Senate Democratic leadership is attempting to accelerate the legislative programme regarding an infra package, with the potential for a vote on a deal as early as next week.
Homepagemarkets-real-timePolitical 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.