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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 Republicans To Hold Leadership Elections Today
House Republicans will shortly hold elections for the next Speaker of the House, Majority Leader of the House, House Majority Whip, Conference Chair, National Republican Congressional Committee Chair, and Conference Secretary. (Assuming Republicans secure the House which is close to assured.)
- According to Punchbowl News, today’s vote is the “beginning of a seven-week grind by [House Minority Leader Kevin] McCarthy (R-CA)” but he will likely to scrape enough votes to take the Speaker’s gavel in January. Getting those votes will require concessions to the 43-member far-right Freedom Caucus.
- Freedom Caucus Rep. Andy Biggs (R-AZ) confirmed yesterday he will challenge McCarthy: “Yes, I’m going to be nominated tomorrow to the position of speaker of the House. It’s going to be tough... I think it’s about institutional direction and trajectory.”
- Punchbowl: “McCarthy is exceedingly motivated to become speaker. That means he’s willing to give up a lot. Conservatives understand that and they will use that to their advantage.”
- Senate Republicans hold their elections tomorrow. House Democrats will hold their leadership elections on November 30 with the question of House Speaker Nancy Pelosi's (D-CA) continuation as leader in the minority as yet unanswered.
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.