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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 AccessUS Senate To Vote On Resolution Looking To Halt F-16 Sales
Andrew Desiderio at Punchbowl News posts on X: "Senate will vote today on Rand Paul’s [R-KY] effort to block the sale of F-16s to Turkey This will be a fascinating vote. Turkey has angered members on both sides of the aisle over its delay in ratifying Sweden for NATO. Many Dems have also opposed the F-16 sale on human rights grounds".
- The resolution faces a difficult path to implementation. Should the Senate Foreign Relations Committee vote to discharge the resolution to the Senate floor it would need to be passed by a majority. The same version would also have to be introduced and passed in the House. If it reaches President Biden's desk there is the prospect of a presidential veto, which could only be overturned by a two-thirds majority vote in both chambers of Congress.
- Nevertheless, today's vote likely to be watched closely in Ankara for indications of the scale of lawmaker opposition to closer defence links between the US and Turkey in Washington, D.C.,
- The entire package of 40 Lockheed Martin F-16 fighter jets, eighty modernisation packages for existing jets, and a host of other munitions to assist with the upgrading of the military is expected to cost the Turkish gov't around USD23bn.
- Getting US approval for this package was seen as a key factor in Turkey's eventual approval of Sweden's NATO accession. In the unlikely event that the Paul resolution scuppers the deal it could result in a significant falling out between the US and Turkey.
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.