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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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Free AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
### POV, NATIONAL EMERGENCY REBUKE A MOOT...>
US TSYS: ### POV, NATIONAL EMERGENCY REBUKE A MOOT POINT?
Expanding on House vote on halting Pres Trump's national emergency declaration
(around 1700-1800ET), and more on what happens if/when the legislation clears
the House, when the Senate has 18 days to follow up with their own vote.
- The vote only needs a simple majority in both chambers to get to the
president's desk, where White House officials have suggested he would use his
first veto since taking over the Oval Office. If all 47 Democrats vote for the
resolution to block Trump's emergency declaration, they will still need to flip
four Republican senators. Current chatter is approximately a dozen Republicans
on the fence, others note three Republicans are already peeling away (Tillis,
Murkowski and Collins).
- Is resistance if futile? What's a rebuke worth?
- Assuming it DOES pass both chambers, Pres Trump can still veto it UNLESS there
is a super-majority -- a vote of two thirds in BOTH chambers to override a veto.
- Betting markets are NOT making odds on a Senate vote passing, but can assume
odds of 66% of Senate voting to Block is next to zero.
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.