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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
House Minority Leader Kevin McCarthy (R-CA) remains deeply unpopular with voters as he seeks votes to become the new Speaker of the House of Representatives in January.
- According to RealClearPolitics, McCarthy has the second lowest "favourability" amongst US political leaders, after Senate Minority Leader Mitch McConnell (R-KY).
- McCarthy took the GOP nomination to become the next Speaker in a 188-31 vote but he will need 218 votes when the decision is put to a full House vote in January.
- Four House Republicans - Andy Biggs (R-AZ), Matt Gaetz (R-FL), Matthew Rosendale (R-MO), and Bob Good (R-VA) - have publicly stated their opposition to McCarthy’s leadership bid with others Republican reps reportedly wavering on McCarthy.
- Good said this week: “I believe we have at least a dozen or so that are strong, courageous, that will do what needs to be done on the House floor to ensure that we get an improvement in the speaker situation.”
- If McCarthy can't get his reps to commit to his candidacy, the GOP will have to find a unity candidate or risk handing the Speaker's gavel to Democrats.
Chart 1: US Political Leaders "Favourability" (RealClearPolitics)
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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