© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Fed's Goolsbee Sees Rates Near Peak

MNI China Daily Summary: Monday, September 25

MNI BRIEF: BOJ Will Not Fall Behind The Curve - Ueda

MNI: BELGIUM SEP BNB BUSINESS SURVEY -14.4

MNI: UK CBI SEP DIST TRADE REPORTED SALES -14

NBH Data Watch

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

Schumer Courts Republicans To Prevent Government Shutdown

US
HomepagePolitical RiskPolitical Risk BulletBulletMarketsFixed Income NewsForeign Exchange NewsPolitical Market News

Senate Majority Leader Chuck Schumer (D-NY) has written a letterto Senate colleagues warning that the Senate must prevent, “House Republican extremists from forcing a government shutdown, adding, "the only way to avoid a shutdown is through bipartisanship."

  • Schumer’s letter praises both Democrat and Republican Senate appropriators for passing all 12 annual spending bills, a clear contrast with their House counterparts who have only managed to pass one of their 12 bills.
  • Senate Minority Leader Mitch McConnell (R-KY) has indicated he is aligned with Schumer on spending: “The speaker and the president reached an agreement... to set the spending levels for next year. The House then turned around and passed spending levels that were below that level… [T]hat’s not going to be replicated in the Senate.”
  • Conservative House Republicans are unlikely to accept Senate spending priorities without major concessions on policy. Prominent conservative Rep Marjorie Taylor Greene (R-GA) said yesterday: "I will not vote to fund the government if Congress doesn’t do this: - Impeachment Inquiry vote on Joe Biden - Defund Biden’s weaponization of government - Eliminate all COVID vaccine and mandates - No funding for the war in Ukraine."
190 words

To read the full story

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.

Senate Majority Leader Chuck Schumer (D-NY) has written a letterto Senate colleagues warning that the Senate must prevent, “House Republican extremists from forcing a government shutdown, adding, "the only way to avoid a shutdown is through bipartisanship."

  • Schumer’s letter praises both Democrat and Republican Senate appropriators for passing all 12 annual spending bills, a clear contrast with their House counterparts who have only managed to pass one of their 12 bills.
  • Senate Minority Leader Mitch McConnell (R-KY) has indicated he is aligned with Schumer on spending: “The speaker and the president reached an agreement... to set the spending levels for next year. The House then turned around and passed spending levels that were below that level… [T]hat’s not going to be replicated in the Senate.”
  • Conservative House Republicans are unlikely to accept Senate spending priorities without major concessions on policy. Prominent conservative Rep Marjorie Taylor Greene (R-GA) said yesterday: "I will not vote to fund the government if Congress doesn’t do this: - Impeachment Inquiry vote on Joe Biden - Defund Biden’s weaponization of government - Eliminate all COVID vaccine and mandates - No funding for the war in Ukraine."