MNI China Press Digest Feb 21: Consumption, Financing, Sino-EU

MNI: PBOC Net Injects CNY84 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1696 Fri; -0.88% Y/Y

MNI: Fed’s Kugler - Watching Policy Shifts Before Acting

MNI: Fed's Bostic Sees 2 Cuts This Year But High Uncertainty

MNI BRIEF: All Members Agree On Inflation Improvement -Banxico

MNI: UK FEB GFK CONSUMER CONFIDENCE INDEX -20

MNI JAPAN JAN CORE CPI +3.2% Y/Y; DEC +3.0%

EZ/UK Bond Supply Calendar: IT Piu; EU, BE Due Monday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AMERICAS OIL: US: Trump Endorses House GOP Reconciliation Strategy

AMERICAS OIL
USEnergy BulletsNorth AmericaBulletCommodities

US: Trump Endorses House GOP Reconciliation Strategy

US President Donald Trump has issued a statement on Truth Social endorsing the House of Representatives in its showdown with the Senate over the optimum strategy to legislate the Republican agenda. 
 

  • Trump: "The House and Senate are doing a SPECTACULAR job of working together as one unified, and unbeatable, TEAM, however, unlike the [Senate Budget Committee Chair] Lindsey Graham version of the very important Legislation currently being discussed, the House Resolution implements my FULL America First Agenda, EVERYTHING, not just parts of it! We need both Chambers to pass the House Budget to “kickstart” the Reconciliation process, and move all of our priorities to the concept of, “ONE BIG BEAUTIFUL BILL.” It will, without question, MAKE AMERICA GREAT AGAIN!"
     
  • Although Trump has previously backed the House's single-bill strategy, today's statement is the most forceful suggestion yet that the Senate should abandon attempts to pass a narrower border security, defence, and energy bill quickly, before turning attention to Trump's tax agenda later in the year. 
     
  • House Speaker Mike Johnson (R-LA) is eyeing next week for a floor vote on a budget resolution to underpin his 'mega bill', which includes an extension to Trump's 2017 tax cuts, deep cuts to government spending, and a debt ceiling hike. Trump's backing may provide more time for Johnson to resolve differences with moderates and deficit hawks continue to express concerns with the scope of the package. 
     
  • For more analysis on the reconciliation agenda, see today's edition of the MNI US Daily Brief.
253 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.

US: Trump Endorses House GOP Reconciliation Strategy

US President Donald Trump has issued a statement on Truth Social endorsing the House of Representatives in its showdown with the Senate over the optimum strategy to legislate the Republican agenda. 
 

  • Trump: "The House and Senate are doing a SPECTACULAR job of working together as one unified, and unbeatable, TEAM, however, unlike the [Senate Budget Committee Chair] Lindsey Graham version of the very important Legislation currently being discussed, the House Resolution implements my FULL America First Agenda, EVERYTHING, not just parts of it! We need both Chambers to pass the House Budget to “kickstart” the Reconciliation process, and move all of our priorities to the concept of, “ONE BIG BEAUTIFUL BILL.” It will, without question, MAKE AMERICA GREAT AGAIN!"
     
  • Although Trump has previously backed the House's single-bill strategy, today's statement is the most forceful suggestion yet that the Senate should abandon attempts to pass a narrower border security, defence, and energy bill quickly, before turning attention to Trump's tax agenda later in the year. 
     
  • House Speaker Mike Johnson (R-LA) is eyeing next week for a floor vote on a budget resolution to underpin his 'mega bill', which includes an extension to Trump's 2017 tax cuts, deep cuts to government spending, and a debt ceiling hike. Trump's backing may provide more time for Johnson to resolve differences with moderates and deficit hawks continue to express concerns with the scope of the package. 
     
  • For more analysis on the reconciliation agenda, see today's edition of the MNI US Daily Brief.