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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.
US
Republican nominee for speaker Rep Jim Jordan (R-OH) has lost ground in the third rollcall to elect a speaker. His bid for speaker is now looking increasingly untenable.
- Speaker Pro Tempore Patrick McHenry (R-NC) is expected to gavel the House out of session shortly with the path forward unclear. A fourth vote today cannot be ruled out but appears unlikely considering Jordan's failure to improve his vote count.
- House Republicans may look to restart discussions on empowering McHenry with the authority to move legislation. This is the most straightforward option available to restart Congress and consider legislation to prevent a government shutdown. The McHenry proposal was torpedoed yesterday by conservative House Republicans.
Figure 1: Speaker Ballot Vote Counts (Unofficial)
Source: New York Times
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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