MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

House Of Representatives Vote Underway On National Defence Authorisation Act

US

The House of Representatives has begun voting on the must-pass National Defence Authorisation Act (NDAA). The bill needs a two-thirds majority to pass.

  • The NDAA calls for USD$45 billion more than President Biden requested in his budget, taking the total defence ticket up to USD$847 billion.
  • Yesterday, members of the Congressional Black Caucus threatened to block the NDAA if it failed to include voter rights legislation but expected to stop short of voting against the bill.
  • CBC Chair Rep Joyce Beatty (D-OH) said ahead of the vote: “Our efforts were never about stopping the NDAA but standing up for voting rights...”
  • The final NDAA text includes wins for Republicans. A COVID-19 vaccine mandate for US troops has been rescinded and Senator Joe Manchin’s (D-WV) energy permitting reform bill has been omitted.
  • Manchin said in a statement: “The Senate must vote to amend the NDAA to ensure the comprehensive, bipartisan permitting reform our country desperately needs is included.”
  • A proposal from Senate Majority Leader Chuck Schumer (D-NY) and Senator John Cornyn (R-TX) to ban US government contractors from using Chinese-made semiconductors and funds for Taiwan are included in the bill.
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical 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.