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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 Sets 21 July Deadline For Bipartisan Infrastructure Deal
Lisa Desjardins at PBS tweets: "Schumer just announced he intends to file cloture on the vehicle for the bipartisan infrastructure bill Monday. That would mean the big procedural vote on infrastructure (would need 60) likely would be Weds. Schumer also has given his fellow Democrats until Weds to get on board the budget resolution outline."
- "Now that is even less of a hard deadline b/c no vote is involved. BUT note that Schumer said he "intends" to file cloture Monday. He's giving everyone a bunch of wiggle room there. It's more of a deadline-ish than a real deadline-period. There is no infrastructure bill yet, FYI. Schumer knows almost nothing happens in the Senate without a deadline. So this is to spur the bipartisan Gang of 10 to get. the. deal. written."
- As stated above, Schumer also sets next Wednesday 21 July as the deadline for Democrats to finalise the massive USD3.5trn infrastructure bill they hope to get through as a budget resolution via the reconciliation process, requiring just 50 votes rather than 60.
- There remains no guarantee of 50 votes of Democratic support for the larger bill, with moderates such as Joe Manchin (D-WV) raising concerns about the impact of huge amounts of new gov't spending on the US economy.
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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.