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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 AccessSchumer Says "World Is Watching" As Congress Gridlocked Over Supplemental
Senate Majority Leader Chuck Schumer (D-NY) has stated on X that, "Democrats are committed to working to pass a national security supplemental package."
- Schumer warns: "It’s a matter of the highest urgency," adding that, "the world is watching how the US will respond to the crises in Europe, the Middle East, and the growing tensions in the Indo-Pacific."
- President Biden's ~USD£110bln supplemental request, which includes funding for Ukraine, Israel, and Taiwan, is currently stalled in Senate negotiations, contingent on a comprehensive overhaul of US-Mexico border policy.
- Optimism that Senate negotiators could announce a border policy framework this week have cooled since yesterday. GOP negotiator Senate James Lankford (R-OK), who expressed optimism on Sunday that a framework could be unveiled imminently, told reporters yesterday, “there's too many unanswered issues.”
- Democrat negotiator Senator Chris Murphy (D-CT) told reporters, “many of us warned that it’s not a good idea to condition the salvation of Ukraine and Europe on our ability to craft a comprehensive immigration reform. Period.”
- We noted in today's edition of the MNI US Daily Brief that issues of contention are presidential asylum authority and an House impeachment process against Homeland Security Secretary Alejandro Mayorkas which is expected to kick off tomorrow and put the lower chamber further at odds with the Senate.
To read the full story
Sign up now for free trial access to this content.
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.