US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

House Rules Committee To Consider Government Funding Measure Shortly

US
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

The House Rules Committee is due to meet shortly to consider a Continuing Resolution to fund federal government agencies through the general election. The committee will also consider four pieces of legislation related to China - seen as a rare area of bipartisan consensus during the pre-election period, when legislative action is expected to be limited. Committee details.

  • House Speaker Mike Johnson intends to procede with a plan for a six-month CR that extends funding through March. He will also attach a partisan bill on 'voter rights' to the package that is certain to be rejected by the Senate.
  • House Minority Leader Hakeem Jeffries (D-NY) described the plan today as "unserious and unacceptable." Jeffries said the only way to avoid a government shutdown on October 1 was to pass a "short-term" funding bill through December and scrap "partisan policy changes inspired by Trump's Project 2025."
  • Jake Sherman at Punchbowl News notes that Rep Thomas Massie (R-KY) and Rep Matt Rosendale (R-MO) have signalled they will vote no on the CR on the floor: "5 Dems voted yes last time on SAVE. So the math is tight but Rs have some room to maneuver."
  • Sherman adds: "Question here is multifaceted: who wants to vote for a bill that has no chance of going anywhere. Where will dems be? And how big is the “no CR” caucus"
223 words

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.

The House Rules Committee is due to meet shortly to consider a Continuing Resolution to fund federal government agencies through the general election. The committee will also consider four pieces of legislation related to China - seen as a rare area of bipartisan consensus during the pre-election period, when legislative action is expected to be limited. Committee details.

  • House Speaker Mike Johnson intends to procede with a plan for a six-month CR that extends funding through March. He will also attach a partisan bill on 'voter rights' to the package that is certain to be rejected by the Senate.
  • House Minority Leader Hakeem Jeffries (D-NY) described the plan today as "unserious and unacceptable." Jeffries said the only way to avoid a government shutdown on October 1 was to pass a "short-term" funding bill through December and scrap "partisan policy changes inspired by Trump's Project 2025."
  • Jake Sherman at Punchbowl News notes that Rep Thomas Massie (R-KY) and Rep Matt Rosendale (R-MO) have signalled they will vote no on the CR on the floor: "5 Dems voted yes last time on SAVE. So the math is tight but Rs have some room to maneuver."
  • Sherman adds: "Question here is multifaceted: who wants to vote for a bill that has no chance of going anywhere. Where will dems be? And how big is the “no CR” caucus"