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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.
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MNI INTERVIEW2: Poland To Push For EU Defence Fund
McConnell To Step Down As Republican Leader In November
Wires reporting that Senate Minoirty Leader Mitch McConnell (R-KY) will step down from his position as leader of the Senate Republican conference in November. McConnell isn't up for re-election until 2026 and there hasn't yet been a suggestion that McConnell will retire from Congress entirely ahead of that date despite a number of high profile health concerns over the past year.
- The news come as numerous media outlets report that McConnell may be preparing to endorse former President Donald Trump's presidential bid, a major U-turn for McConnell who hasn't spoken to Trump since the events of January 6, 2021 and has been the most senior member of a Congressional Republican bloc opposed to Trump.
- McConnell's decision to step away from leadership would be a major blow for Ukraine as his vocal support for Kyiv has often been at odds with an increasingly isolationist Republican bloc aligned with Trump. McConnell's departure may also signal a continued move by the GOP away from traditional conservative Republican positions on defence and foreign policy more generally.
- McConnell's most likely replacement is one of the 'three Johns," Sen. John Barrasso (R-WY), Minority Whip John Thune (R-SD), and Senator John Cornyn (R-TX). All three have expressed reservations with Trump but Barrasso, the most conservative of the three, endorsed Trump last week after a series of strong victories in the Republican presidential primaries.
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.