MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Pence Frames Himself As Fiscal Conservative Ahead Of Likely Presidential Bid

US

Former Vice President Mike Pence has positioned himself as a traditional fiscally conservative Republicans ahead of an expected presidential campaign launch.

  • Pence said, contrasting with a bipartisan political orthodoxy in Washington, that cuts to Medicare and Social Security should be "on the table for the long term."
  • Pence told CNBC: "I respect [House Speaker Kevin McCarthy's (R-CA)] commitment to take Social Security and Medicare off the table for the debt ceiling negotiations [but] we've got to put them on the table in the long term."
  • Pence: "We’re looking at a debt crisis in this country over the next 25 years that is driven by entitlements, and nobody in Washington, D.C., wants to talk about it."
  • Pence’s position, which may also include raising the retirement age, puts him at odds with McCarthy as well as former President Donald Trump and Senate Majority Leader Mitch McConnell (R-KY) who have all pledged to maintain Social Security commitments.
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.