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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 AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
Sen Manchin Calls For Bipartisan Discussions On "Out Of Control Spending"
Senator Joe Manchin (D-WV) has said, in a speech on the Senate floor, that Democrats need to be more flexible in debt ceiling negotiations with Republicans.
- Manchin said: "My Democratic friends don't want to say a word about our out of control spending and are outright refusing to even talk to Republicans about reasonable and responsible reforms," but said some Republicans "have recklessly threatened default, which is absolutely not on the table..."
- Manchin called for both parties to be willing to compromise: "It's unacceptable that we run the single largest economic entity in the universe without a budget in place … We need to put all of our ideas on the table."
- Manchin's comments run counter to messaging from President Biden, who continues to maintain that the debt ceiling crisis is manufactured by "MAGA" House Republicans. Biden told House Democrats yesterday: "So let's be real clear about one thing: There is no actual crisis here. This is entirely a crisis of their making, if it occurs.”
- There is little prospect of negotiations before the GOP release their FY23 budget, expected to come around the time Biden releases his budget on March 9.
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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.