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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.
US
House Speaker Mike Johnson (R-LA) has endorsed the USD$80b bipartisan tax deal which is expected to come for a vote in the House of Representatives today. Momentarily, Johnson will deliver his first speech on the House floor since being elected speaker. Livestream here.
- A final vote on the legislation is expected around 20:00 ET 01:00 GMT.
- The bill looks set to deliver a legislative win for Johnson ahead of complex FY2024 budget negotiations. The measures in the bill are broadly popular with both parties and Johnson appears to have navigated opposition from 'blue-state' moderates over the absence of State and Local Tax (SALT) exemptions and conservatives over the extension of Child Tax Credits.
- More analysis in today's edition of the MNI US Daily Brief.
Figure 1: House Speaker Mike Johnson Statement on Bipartisan Tax Bill
Source: Office of the Speaker of the House of Representatives
Source: Office of the Speaker of the House of RepresentativesWhy 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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