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Free AccessSpeaker Johnson Faces Uphill Battle To Pass Government Funding Package
House Speaker Mike Johnson (R-LA) faces a difficult decision on how to approach his plan to fund the government, with an informal whip count indicating he doesn't have the votes to pass his six-month extension, paired with the SAVE Act bill - a Democrat-opposed bill that would compel Americans to present citizenship ID when registering to vote.
- The House Rules Committee discharged the package to the floor yesterday, potentially teeing up a House vote today, but frontline Republicans are unconvinced, favouring a 'clean' CR that doesn’t risk negative press coverage about a government shutdown so close to Election Day.
- If Democrats can successfully whip the handful of Democrat Reps who voted in favour of the SAVE Act in June, Johnson likely has two unappealing options: An embarrassing defeat on the floor or to search from an off-ramp with a compromise package.
- Trump yesterday urged the GOP to reject a funding deal without the SAVE Act, adding another layer of complexity to the plan with only 19 days until government funding expires.
- Semafor reports that Key senators reiterated they don’t have an appetite to escalate the fight. Minority Leader Mitch McConnell [R-KY] called a shutdown “a bad idea” as Senate leaders hinted a short-term funding patch is being drafted.
- Senate Appropriations Chair Patty Murray (D-WA) said: “We’re not going to introduce anything yet but we’re working and talking," suggesting that the Senate may seek to jam Johnson if he stumbles 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.