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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 AccessHouse Expected To Vote On Government Funding Continuing Resolution Today
Hill reporters have confirmed that, due to inclement weather forecast for Washington DC tomorrow, the House of Representatives will vote on the Continuing Resolution to extend government funding into March today.
- The Senate is expected to come into session shortly to pass the bill and then hand the legislation to the House.
- The quick movement from House Republican leadership has all but ended the prospect of a government shutdown when the funding expires at midnight 19 January.
- The Continuing Resolution will keep the two-step funding strategy in place with the new deadlines set for March 1 and March 8.
- The bill is 'clean' and therefore does not address any other Congressional priorities including policy at the US-Mexico border, supplemental funding for Ukraine, or a child tax/business agreement. Nor does it cut any spending or address the deficit - key demands from House conservatives.
- Following passage of the CR, attention will turn to drafting and legislating FY2024 spending bills within the topline framework agreed by House Speaker Mike Johnson (R-LA) and Senate Majority Leader Chuck Schumer (D-NY). Focus will be on whether Johnson can convince the conservative flank of the House GOP that the FY2024 budget sufficiently addresses conservative priorities and can avoid a rebellion like that which led to the ouster of former Speaker Kevin McCarthy under similar circumstances.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.