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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 AccessMcCarthy Says Work Requirements Are "Red Line" In Debt Limit Negotiations
Emily Brooks at the Hill tweets: "Red line alert Speaker McCarthy just said 'yes,' work requirements are a red line for him in debt ceiling negotiations."
- McCarthy comments throw in doubt the prospect that White House talks today can produce a deal which can be accepted by either Democrats or Republicans.
- On Sunday, President Biden appeared to concede that stricter work requirements for accessing federals welfare programmes may be on the table in negotiations but that met with immediate blowback from progressive Democrats.
- Punchbowl News reported that House Minority Leader Hakeem Jeffries (D-NY) "forcefully pushed back" on work requirement during internal meetings yesterday.
- Biden then appeared to backtrack and issued a statement on social media confirming he wouldn’t accept new work requirements for SNAP.
- Influential Congressional Progressive Caucus Chair Rep. Pramila Jayapal (D-WA) told Politico yesterday: “We did not elect Joe Biden of 1986. We elected Joe Biden of 2020,” and called stricter work requirements, “a nonstarter for many of us across the Democratic caucus.”
To read the full story
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Please enter your details below.
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.