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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 Vote On Short-Term Government Funding Bill Expected Shortly
According to a schedule outlined earlier today by Majority Whip Tom Emmer (R-MN), the House of Representatives will shortly convene to hold a vote on a short-term funding bill which will avert a government shutdown on November 17.
- Floor proceedings can be followed here: C-SPAN
- Johnson's bill funds government agencies at current levels without changes to policy. The bill is structured within a 'laddered' framework which will allow Congress more time to consider FY24 bills but will make another stopgap measure, if needed in January, more complicated.
- Johnson has moved the bill under suspension due to opposition from conservative Republicans. Suspension requires a two-thirds majority so Johnson will need considerable Democrat support for pass the bill.
- Democrats are expected to vote in favour of the bill, despite a negative assessment of the ‘laddered’ funding scheme and absence of supplemental funding for Ukraine or Israel.
- Johnson told reporters earlier today: “You gotta fight fights that you can win,” adding that he's, "done with short-term CRs."
- Full analysis in today's edition of the MNI US Daily Brief.
To read the full story
Sign up now for free trial access to this content.
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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.