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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.
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A new survey from Punchbowl News has found that, “Most K Street leaders (82%) say there will likely be a government shutdown between now and January 2024.”
- Punchbowl writes: “Newly elected Speaker Mike Johnson has already said he wants a stopgap funding bill until January or April of next year. Many House conservatives seem to be willing to give him time to settle in, and so are open to a CR for now. But there’s already been some pushback in the Senate, where appropriators don’t want to go into next year still operating under a short-term continuing resolution.”
- The Punchbowl survey shows that Washington insiders appear to hold a more pessimistic view of Johnson's ability to aoid a government shutdown than Wall Steet.
- Terry Haines, founder of Pangaea Policy, told Market Watch last week following Johnson's election: “...shutdown risk is still probably in the 20% to 30% range, but it’s much less than it was just a couple of weeks ago.”
Figure 1: How Likely is a Government Shutdown Between now and January 2024?
Source: Punchbowl News
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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