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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Rep Santos Facing House Ethics Probe
House Speaker Kevin McCarthy (R-CA) has confirmed that freshman House Rep George Santos (R-NY) is facing a probe from the House Ethics Committee and the GOP will take necessary action in response to the probe's findings.
- McCarthy told CNN, in response to a question asking if Santos will be forced to resign: "Ethics is moving through, and if Ethics finds something, we’ll take action."
- McCarthy's comments are the first confirmation of a probe into Santos' conduct on the campaign trail including numerous fabrications of his personal and professional life and more serious allegations that he misused campaign financing.
- Santos last week recused himself of committee duties but that has done little to quell mounting calls from his Long Island continents to resign from Congress.
- If Santos resigns, it would trigger a special election which most analysts believe would favour Democrats.
- McCarthy currently controls 222 House seats, an effective four-seat majority considering the 218 votes required to pass legislation with a full House present and Santos' case amplifies McCarthy's vulnerability to retirements, illness, or absence of his lawmakers.
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.