Free Trial

Senate To Work Through Weekend On NatSec Bill Ahead Of Final Vote Next Week

US

The Senate is set to delay a two-week recess and stay in the Washington over the weekend to continue work on a USD$95 billion package of aid to Ukraine, Israel, and other US allies.

  • The package cleared a key procedural hurdle yesterday with the support of seventeen Republican Senators. At around 19:00 ET 00:00 GMT today, the Senate will hold another vote ahead of a final vote on the package, likely on Tuesday.
  • It is unclear what kind of amendment process will be allowed on the package. Punchbowl reports: "Democrats are warning their Republican counterparts that they can’t make “unreasonable” demands on amendments." Senator Rand Paul (R-KY) told reporters yesterday he will reject unanimous consent and propose amendments to delay passage of the bill for as long as he can.
  • The package has a good chance of progressing through the Senate but it’s pathway through the House is unclear. House Speaker Mike Johnson (R-LA) has refused to commit to putting the bill on the floor but the Speaker will be under immense pressure from the White House, international partners, much of the media, and likely majority of House reps to allow a House vote.
  • Some reporters have suggested that House Minority Leader Hakeem Jeffries (D-NY) may use a discharge petition to bring the bill to the floor - indeed he told reporters yesterday he'll use "every available legislative tool" to get to a vote. However, discharge petitions are often spoken about during Congressional gridlock but rarely come to pass.

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.