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Why MNI
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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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NSA Sullivan: Biden Won't Accept GOP Holding Ukraine Aid "Hostage"
Wires carrying comments from White House National Security Advisor, Jake Sullivan, stating that President Biden is, "prepared to find resolution on [US-Mexico] border issue, but won’t accept holding Ukraine aid hostage for ‘take it or leave it deal.’"
- Sullivan says, "failure to fund Ukraine will result in specific deterioration of Ukraine's ability to defend itself," and "harm Ukraine's ability to hold territory."
- Sullivan's comments come as Ukrainian President Volodymyr Zelenskyy makes a last-ditch bid in Washington to convince lawmakers to approve a new funding for Ukraine, currently stalled amid intractable negotiations over US-Mexico border policy.
- Zelenskyy is expected to meet with US Senators and House Speaker Mike Johnson (R-LA) this morning before meeting bilaterally with President Biden at 14:15 ET 19:15 GMT. Biden and Zelenskyy will then hold a presser at 16:15 ET 21:15 GMT.
- Republicans see the necessity of Ukraine aid as a major vulnerability for the White House which can compel significant concessions on the border - an asymmetry which suggests the GOP is unlikley to move away from a hardline position.
- The equation now appears relatively straightforward. Pro-Ukraine sentiment is waning sharply amongst Congressional Republicans, but they will likely support fresh funding if it comes with major border policy concessions.
- Biden must decide if funding Ukraine’s war effort, which the Administration considers a critical national security priority, trumps the concerns of progressive Democrats and risk of a further collapse of support amongst Democrats ahead of the 2024 presidential election.
- Full roundup in today's edition of the MNI US Daily Brief.
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.