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Senate Looks To 'Clean' NatSec Package After Border Deal Collapses
Senate Majority Leader Chuck Schumer (D-NY) reportedly plans to bring a ‘clean’ national security package, stripped of the Senate border deal and coupled with the FEND Off Fentanyl Act, to the Senate for a procedural vote at 13:00 ET 18:00 GMT today - immediately after Republicans block the border bill. More on "Speaker Johnson's worst day in office" in the MNI US Daily Brief.
- Schumer's plan appears nearly identical to Biden's original (September 2023) USD$106 billion request and will face the same conservative opposition but offers a glimmer of hope for Ukraine aid - now critical, according to the Pentagon and Which House National Security Council.
- Senate Minority Leader Mitch McConnell (R-KY) appears on board and it could feasibly attract the 60 Senate votes required to clear a filibuster but there are serious questions about the extent of McConnell's power after the collapse of the border deal.
- McConnel said: “We still, in my view, ought to tackle the rest of it because it’s important — not that the border isn’t important, but we can’t get an outcome.”
- If the Senate passes the national security package, likely by late this week, then it will head to the House where there may be a narrow pathway despite House Speaker Mike Johnson’s (R-LA) opposition.
- Per Punchbowl News: “…there have been private discussions about a House discharge petition built around a Ukraine-Israel aid package. This would require 218 signatures. There are clearly enough GOP and Democratic supporters on Ukraine, although conservative Republicans will strongly oppose this.”
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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.