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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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Free AccessMNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors
MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
Speaker Johnson To Bring Israel Bill To Floor Despite Negative CBO Score
House Speaker Mike Johnson (R-LA) has told reporters that he intends to bring his USD$14 billion Israel supplemental funding bill to the floor for a vote despite a negative score from the non-partisan Congressional Budget Office which estimates that IRS cuts included in the bill would increase the federal deficit.
- See earlier bullet for more on the CBO report.
- According to Fox News' Chad Pergram, Johnson said, when asked if he puts any credence in the CBO score: "Not at all. Only in Washington when you cut spending do they call it an increase in the deficit." When asked if he still plans to bring the bill to the floor, he said "yes."
- Johnson's decision to move a standalone Israel bill at the expense of the much larger USD$106 billion supplemental funding request from the White House has put the House on a collision course with the Senate and his Senate Republican counterpart Mitch McConnell (R-KY) who has aggressively advocated for Biden's request.
- If the House passes Johnson's bill it may create a legislative conflict with the Senate and greatly increase the prospect of a government shutdown on November 17.
- It may also imperil the chances of Congress passing any additional Ukraine funding with Senate Republicans reportedly concerned that the November 17 deadline may be the last opportunity to legislate additional funding for Ukraine. More analysis in today's US Daily Brief.
- A GOP Senator told Punchbowl News: “We’ve got three weeks to get this done. If we don’t, we’re telling Russia they can go have Ukraine.”
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.