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Free AccessSenate Close To Agreement On Short-Term Funding Bill
Leadership of the US Senate have indicated that lawmakers are close to passage of short-term measure to keep the federal government funded until December 18.
- Comments from Senator Dick Durbin (D-IL) per Chad Pergram at Fox News: "We always have this deadline looming...The good news is we've reached a bipartisan agreement on spending bill. I don't believe the government is going to shut down."
- Senate Minority Leader Mitch McConnel (R-KY) said a short time ago that he believes the Senate will pass the measure today, citing the importance of the ~USD$12b in Ukraine aid attached to the bill: 'It's literally an investment in our own national security and of our allies."
- Senator John Thune (R-SD): “There's nothing right now that I can see that stands in the way of this wrapping up.”
- House Republican Whip Steve Scalise (R-LA) stated an intention to whip against the bill in protest to the timeframe of the stop-gap, allowing Democrat to pass a FY23 budget during a lame duck Congress, but the move is not predicted to impede passage of bill after receipt from the Senate today.
To read the full story
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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.