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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.
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MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
Support For Israel May Compel Quick Speaker Vote
Rep Kevin Hern's (R-OK) decision not to run for speaker means Rep Jim Jordan (R-OH) and House Majority Leader Steve Scalise (R-LA) remain the two clear frontrunners for speaker.
- Timeline for the week:
- House Republicans will hold a conference meeting tonight and a candidate forum tomorrow where Jordan and Scalise will pitch their candidacy. An internal GOP election is tentatively scheduled for Wednesday. A floor vote can take place as soon as Wednesday but Thursday appears more likely.
- Dynamics to watch:
- Rep Patrick McHenry (R-NC), the current speaker pro tempore, may be put forward as interim speaker. There are questions about what powers he may have but Congress is facing a raft of legislation with major domestic and international implications including FY24 bills - critical to avoiding a government shutdown in November - which can't be brought to the floor without a speaker.
- Congress is also facing a White House request for additional Ukraine funding - a politically sensitive issue for House Republicans which may offer the most friction to the process.
- The White House will likely try to advance a request for emergency Israel funds in the coming days. Overwhelming bipartisan support for Israel may compel a quick speaker vote and lawmakers seen as delaying the process may expect blowback from Congress, the media, and constituents.
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.