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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 Republicans Consider China Balloon Resolution Ahead Of Biden SOTU
House Republicans are considering bringing a bill to the House floor condemning the Biden Administration's handling of the Chinese spy balloon just hours before President Joe Biden delivers his State of the Union speech tomorrow.
- Chad Pegram at Fox News: "A senior House GOP source reiterates that consideration of the resolution is “not 100 percent.” The source says the resolution “is still being drafted.”
- Partisan squabbling over the balloon incident is threatening to derail Biden's planned message on economic resilience and put Biden on the defensive to counter GOP claims that his administration is weak on China.
- The balloon incident is the second setback to Biden's plans to "soft launch" his 2024 re-election campaign after the story that he improperly stored classified government documents saw an erosion trust in his administration.
- Senate Majority Leader Chuck Schumer (D-NY) dismissed the GOP’s argument that the administration should have downed the balloon earlier as “premature and political.”
- Rep Ro Khanna (D-CA): "President Biden followed the military’s recommendation to not shoot down the balloon until it was safe."
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.