MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US: Senate Expected To Take Up Govt Funding Measure On Thursday

US
USGlobalHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America

Senate Minority Whip John Thune (R-SD) has told reporters that he expects the Senate will take up a Continuing Resolution to extend government funding for three-months on Thursday. 

  • The CR, is expected to come in front of the House of Representatives tomorrow where a strong contingent of Democrat reps will vote in favour of the bill to clear the two-thirds majority required to pass the package under suspension of rules.
  • Melanie Zanona at Punchbowl News reported earlier that House Speaker Mike Johnson (R-LA) held a conference meeting this morning to whip his lawmakers to vote in favour of the package. He reportedly argued a government shutdown is harmful and, "if they don’t act first they’ll get something from the Senate loaded up with extra costly items."
  • According to Zanona, "Johnson showed polling about just how unpopular a gov shutdown is with voters," and argued that "they can avoid an avoid omnibus [in December]," referring to the huge budget package that is often rushed through Congress before government funding deadlines.
  • There are still procedural issues to overcome to complete the legislation, including defeating any Republican amendments in the Senate, but the process to get a CR in place has been relatively serene with little risk of a shutdown. The more challenging funding fight will resume following the General Election when the makeup of the next Congress has been determined, and the GOP must face re-electing Johnson or selecting a new leader.                                        
240 words

To read the full story

Close

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.

Senate Minority Whip John Thune (R-SD) has told reporters that he expects the Senate will take up a Continuing Resolution to extend government funding for three-months on Thursday. 

  • The CR, is expected to come in front of the House of Representatives tomorrow where a strong contingent of Democrat reps will vote in favour of the bill to clear the two-thirds majority required to pass the package under suspension of rules.
  • Melanie Zanona at Punchbowl News reported earlier that House Speaker Mike Johnson (R-LA) held a conference meeting this morning to whip his lawmakers to vote in favour of the package. He reportedly argued a government shutdown is harmful and, "if they don’t act first they’ll get something from the Senate loaded up with extra costly items."
  • According to Zanona, "Johnson showed polling about just how unpopular a gov shutdown is with voters," and argued that "they can avoid an avoid omnibus [in December]," referring to the huge budget package that is often rushed through Congress before government funding deadlines.
  • There are still procedural issues to overcome to complete the legislation, including defeating any Republican amendments in the Senate, but the process to get a CR in place has been relatively serene with little risk of a shutdown. The more challenging funding fight will resume following the General Election when the makeup of the next Congress has been determined, and the GOP must face re-electing Johnson or selecting a new leader.