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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
Televised GOP Speaker Debate Set For Monday Called Off
With the weekend looming, neither House Majority Leader Steve Scalise (R-LA), nor House Judiciary Chair Jim Jordan (R-OH), have locked down close to the requisite 217 votes required to win the speaker’s gavel next week.
- Here is what next week is expected to look like:
- Monday: A planned debate hosted by Fox News' Bret Baier has been called off after criticism from Scalise, Jordan, and Republican Study Committee Chair Kevin Hern (R-OK).
- A spokesperson for Jordan said: “Mr. Jordan is always happy to share his plan for the country, but he believes it is crucial to meet with the GOP conference before the event.”
- Tuesday: The House Republican conference will hold an internal candidate forum.
- Wednesday: The GOP will hold a closed conference election to select a nominee.
- There is currently no timeline for holding a final vote on the House floor and it could be delayed indefinitely if no candidate is seen gaining sufficient support.
- The upcoming speaker vote may differ from January’s ballots as it may empower moderates over conservatives. Forty-five House Republicans wrote a letter to the GOP conference yesterday demanding changes to the motion-to-vacate rule which led to McCarthy’s ouster.
- This will be an exceptionally important issue which may determine the future stability of the chamber and, if successfully reformed, would likely decrease the risk of a government shutdown.
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.