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Free AccessSpeaker Johnson Faces Bind Over USD$95b National Security Supplemental Bill
The Senate yesterday cleared another hurdle on the USD$95 billion national security supplemental package, which includes new funding for Ukraine, Israel, and other US allies, teeing up a final vote no later than Wednesday.
- The bipartisan 67-27 vote suggests that a moderate coalition of Senators remains committed to Ukraine despite pressure from former President Donald Trump to block aid.
- With the Senate set to the pass the package, focus turns to House Speaker Mike Johnson (R-LA). The Speaker is aligned with a conservative faction opposed to Ukraine funding but the strength of bipartisan will limit Johnson's scope for blocking the bill.
- If Johnson allows a vote, he faces a rebellion from the conservatives who ousted former Speaker McCarthy. Several lawmakers have hinted that Democrats may protect Johnson should conservatives move to vacate the chair.
- Johnson may choose to split the bill into a series of individual votes - his preferred strategy. This would be time consuming and require support from conservatives on the House Rules Committee - a big gamble.
- He could also take another run at his standalone Israel bill which would then likely be returned with Senate package attached as an amendment. This strategy risks another politically damaging House vote.
- Finally, a discharge petition - often floated during periods of gridlock but rarely comes to pass. There is a live petition from the debt limit standoff so GOP defence hawks could sign the petition and bring the bill to the floor. This is unlikely and would be a disaster for Johnson who has recently struggled to maintain control over the chamber.
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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.