-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLICY: Trump Says Parties Are Far Apart on Stimulus Talks
Fiscal Talks Set To Resume Wednesday Afternoon
U.S. President Donald Trump said Republicans and Democrats have major differences over a coronavirus stimulus package and Congress may need to pass a short-term measure to prevent aid from running out.
"We ought to work on the evictions so that people don't get evicted, to work on the payments to the people and the rest of it," Trump said Wednesday in Washington. "We're so far apart we don't care."
Final payments of supplemental unemployment insurance that were included in the last stimulus package run out this week, and federal protections against evictions expired July 25.
Treasury Secretary Steven Mnuchin said Republicans and Democrats are "very far apart" and recommended lawmakers consider a short-term extension of the unemployment benefits and eviction protections.
House Speaker Nancy Pelosi has dismissed a short-term bill focused on smaller components, and Senate Majority Leader Mitch McConnell has said he wants Congress to act on a comprehensive plan.
--TWO-TRILLION GAP
Mnuchin and White House Chief of Staff Mark Meadows have represented Republicans in talks with Democrats and have shuttled between Senate Republicans and Speaker Pelosi and Senate Democratic Leader Chuck Schumer. They need to reconcile differences between the USD1 trillion stimulus plan Senate Republicans released Monday and the USD3.5 trillion package House Democrats passed in May.
Meadows told reporters Tuesday night after meeting with Pelosi and Schumer that "we still obviously have a lot of work to do on where we are," adding that he wouldn't characterize the negotiations "as getting closer."
Speaker Pelosi told reporters Tuesday night that negotiations have centered on "airing our differences" and "there is discovery in understanding where there might be opportunity or not."
Mnuchin and Meadows are scheduled to be back on Capitol Hill today.
There has been some common ground on issues like small business aid, stimulus checks for individuals and money to expand coronavirus testing and eventual vaccine distribution, with a main division around extending jobless payouts.
A Republican plan unveiled Monday would see an unemployment benefit bonus reduced from USD600 to USD200 per week for the next two months. Democrats support extending the weekly USD600 top-up through January, which McConnell called a "completely unhinged position."
To read the full story
Sign up now for free trial access to this content.
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.