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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 AccessWhite House: Democrat Votes Will Be Needed To Pass Any Deal
Reuters carrying comments from a White House official stating that, "Democrat votes will be needed to pass any deal," but "if both sides negotiate in good faith and recognise they wont get everything they want, a deal is still possible."
- WH: “There are real differences between the parties on budget issues and talks will be difficult. The President’s team is working hard towards a reasonable bipartisan solution that can pass the House and the Senate.”
- The comments acknowledge that any deal struck between Speaker McCarthy and President Biden could face of robust resistance from progressive House Democrats, and with Biden and McCarthy outwardly resolved to a deal, the most immediate risk is the standoff between conservative Republican and progressive Democrat House reps who have balked at being blindsided by Biden in negotiations with McCarthy.
- Progressive Rep Alexandria Ocasio-Cortez (D-NY) told Politico she believes that between 100-150 Democrat may vote down an unfavourable deal.
- Jeff Stein at WaPo cautions: "Wouldn’t read TOO much into the blowup today on debt ceiling talks. This allows everyone to try to tell their side they are fighting hard for a deal."
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.