Free Trial

Schumer: Senate Could Take Action On CR As Early As Today

US

Seemingly confirming overnight stories from various outlets, majority leader Chuck Schumer (D-NY) speaking on the Senate floor says that the chamber could take up the continuing resolution (CR) that would provide federal gov't funding, disaster relief, and Afghan refugee resettlement funds until early December as early as today.

  • The CR would avoid a gov't shutdown and would likely carry significant bipartisan support, with Senate Republicans happy with the separation of gov't funding from legislation seeking to suspend/raise the debt ceiling.
  • Schumer also states that Democrats are 'working on a way to prevent a default on US debt'. Senate Republicans pushing Dems to vote through debt ceiling hike via reconciliation (which would pass with 50 votes rather than 60, meaning no GOP senators would have to vote in favour).

To read the full story

Close

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.