MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

McCarthy Challenges Biden To Reach At By End Of Week For Debt Limit Talks

US

Speaker Kevin McCarthy (R-CA) has penned a letter to President Biden challenging him to "drop the partisanship," and "reach out" to arrange a meeting on debt ceiling talks by the end of the week.

  • McCarthy said to Biden: "Nearly two months ago, you and I sat down to discuss a path forward on the debt limit. Since that time, however, you and you team have been completely missing in action on any meaningful follow up."
  • "With each passing day I am incredibly concerned that you are putting an already fragile economy in jeopardy by insisting on your extreme position of refusing to negotiate..."
  • "I have no interest in brinksmanship... but we cannot continue to kick the can down the road and ignore America's ballooning national debt..."
  • McCarthy says the "best way to reduce the national debt," is to "Limit Spending, Save Taxpayer Money, and Grow the Economy."
  • The White House is likely to continue to refuse to open negotiations until the House GOP releases a FY24 budget proposal. House Republican leadership have been non-committal on a date for a budget with most expecting it to come some time in May.
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.