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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.
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McCarthy: It Didn't Seem Like It Would Be This Hard
House Speaker Kevin McCarthy (R-CA) has delivered a press conference on debt limit negotiations to reporters on Capitol Hill.
- The presser can be reviewed here: LINK (YouTube)
- McCarthy: "I'm sending our negotiating team down to the White House to try to finish up the negotiations with the White House. There's a number of places that we are still far apart...
- McCarthy: "I think we can make progress today."
- McCarthy added: "It didn't seem like it would be this hard..." and says Democrats could have raised the debt ceiling in the previous Congress because, "they knew we were taking power."
- McCarthy again states that he believes the White House must agree to "spend less this year" than last year saying, "its not that difficult to do."
- McCarthy continues: "The offramp here is to solve the problem. To spend less than we spent last year..."
- McCarthy says, regarding claims he can't get a deal through the House due to opposition from conservative Reps: "They're wrong. You underestimate me the whole time.... can we get to 'yes?' Yes," he says.
- McCarthy says he has offered the White House "lots of concession," but Democrats are "too extreme" to accept them.
To read the full story
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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.