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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.
US
The Pew Research Center has released a report showing that members of the House Freedom Caucus (HFC) are amongst the most conservative lawmakers in the House of Representatives.
- Members of the HFC are at the center of a showdown with Democrats over raising the federal government debt ceiling with 20 or so HFC members granted considerable power by House Speaker Kevin McCarthy (R-CA) to unlock his bid to become speaker.
- Much of the political uncertainty around the debt ceiling standoff concerns how far conservative Republicans will be willing to push negotiations in order to extract concessions on spending.
- The report shows that not only are HFC Reps the most conservative, they are also amongst the least experienced in Congress with 71% of members serving six or fewer years in Congress.
- This ideological positioning and lack of congressional experience may increase the risk of miscalculation in negotiations.
Chart 1: Ideological Scores of House Representatives, Based on Roll Call Votes
Source: Pew Research Center
Chart 2: Freedom House Caucus Members, Years of Service
Source: Pew Research Center
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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