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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 AccessSen. Scott Clarifies Position On Social Security Amid Bipartisan Criticism
Republican Senator Rick Scott (R-FL) has taken steps to clarify his position on Social Security and Medicare amid vocal criticism from both Republicans and Democrats.
- Scott has formally revised his “12 Point Plan to Rescue America,” which proposed “sunsetting” all federal programmes every five years, to clarify that he never intended it to be applied to Medicare, Social Security and other essential services.
- Scott's plan, repeatedly attacked by President Biden on the midterm campaign trail last year, has served to underpin a Democrat accusation, during the current debt limit showdown, that the GOP plans to “put Social Security and Medicare on the chopping block.”
- Scott amended his plan with a note to President Biden, Senate Majority Leader Chuck Schumer (D-NY), and Senate Minority Leader Mitch McConnell (R-KY) saying, "as you know, this was never intended to apply to Social Security, Medicare, or the U.S. Navy.”
- The move may blunt one of the White House’ most effective attack messages but is unlikely to force a re-write from Democrat speechwriters.
- White House Press Secretary Karine Jean-Pierre said: “Make no mistake, [Scott’s] true colours are undeniable and on the record.”
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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.