MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Sen Maj Leader: 'DC Statehood Is An Idea Whose Time Has Come'

US
As the House of Representatives debates H.R. 51, a bill to make Washington, D.C. the US' 51st state, Senate Majority Leader Chuck Schumer (D-NY) says on the Senate floor that "DC statehood is an idea whose time has come" and that Republican opposition to the bill is based on "denigrating the basic worth of the citizens of the District of Columbia".
  • D.C. statehood has been a long-held aim for Democrats, given that it would mean two more senators from the most pro-Democratic area of the entire country. D.C. statehood has historically been a fringe issue for Democrats, but its climb up the political agenda shows how important the administration and congressional Dems believe getting D.C. statehood is for holding onto power.
  • In the 2020 presidential election, an overwhelming 92.2% of the vote in D.C. went to the Democrats, with Vermont the next most-Democratic state with 66.1% voting for Joe Biden.
  • Given D.C. statehood would tip the balance of power in the Senate towards the Democrats on a more long-term basis, there would be staunch Republican opposition to a statehood drive, likely via the filibuster. Moreover, there is also no guarantee of full Democrat support in the Senate, with moderates such as Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) both failing to confirm their support for D.C. statehood.
  • As such, despite support from President Biden and H.R.51's expected passage through the House, the prospect of D.C. statehood looks more unlikely than likely at this point.
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.