Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Speaker Pelosi Indicates House Will Vote To Approve CHIPS Plus

US

House Speaker Nancy Pelosi (D-CA) has told lawmakers that the House of Representatives plans to vote on the slimmed down CHIPS Plus bill as soon as next week.

  • More details in bullet at 12:41 BST:https://marketnews.com/schumer-scores-win-over-mcc...
  • Pelosi wrote in a letter: "As the Senate undergoes its legislative process we are optimistic that the House will be able to take this bill up as early as next week."
  • Pelosi's blessing is seen as vital as there had been some rumblings of discontent amongst House Democrats who feared being strong armed into passing a Senate approved version of the bill.
  • Passage of the bill will be a key victory in the Biden administration's attempts to secure semiconductor supply chains seen as critically vulnerable to a Chinese invasion of Taiwan.
  • Top administration officials from the White House, Pentagon, and Department of Commerce were all dispatched to Congress this month to push for movement on the bill when it stalled under a blockade from Senate Minority Leader Mitch McConnell (R-KY).
  • Patrick Chen, at CLSA in Taipei: “If there were full-fledged aggression from China [on Taiwan], it would be catastrophic for the global stock market, because it would completely disrupt advanced chip supply.”
196 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

House Speaker Nancy Pelosi (D-CA) has told lawmakers that the House of Representatives plans to vote on the slimmed down CHIPS Plus bill as soon as next week.

  • More details in bullet at 12:41 BST:https://marketnews.com/schumer-scores-win-over-mcc...
  • Pelosi wrote in a letter: "As the Senate undergoes its legislative process we are optimistic that the House will be able to take this bill up as early as next week."
  • Pelosi's blessing is seen as vital as there had been some rumblings of discontent amongst House Democrats who feared being strong armed into passing a Senate approved version of the bill.
  • Passage of the bill will be a key victory in the Biden administration's attempts to secure semiconductor supply chains seen as critically vulnerable to a Chinese invasion of Taiwan.
  • Top administration officials from the White House, Pentagon, and Department of Commerce were all dispatched to Congress this month to push for movement on the bill when it stalled under a blockade from Senate Minority Leader Mitch McConnell (R-KY).
  • Patrick Chen, at CLSA in Taipei: “If there were full-fledged aggression from China [on Taiwan], it would be catastrophic for the global stock market, because it would completely disrupt advanced chip supply.”