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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.
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MNI China Daily Summary: Thursday, December 12
White House: Our Posture Has Not Changed, No Negotiations Over Debt Ceiling
White House Principle Deputy Press Secretary Olivia Dalton has told reporters that the White House has not changed its "posture" and there will be "no negotiations [with Republicans] over the debt ceiling."
- Dalton says that Congress must act to raise the debt ceiling without conditions, consistent with messaging from the White House over the past week.
- Dalton's remarks come in response to a question on whether Senator Joe Manchin's (D-WV) comments today may signal a Democrat willingness to strike a compromise with Republicans.
- Manchin said today at the World Economic Forum: “[House Speaker] Kevin McCarthy [R-CA], it’s a wonderful opportunity for him to say ‘Listen, let’s act like the adults. We’ve got a debt — whose at fault, we’re all at fault. How do we fix it together and move forward?”
- Manchin: “...we will make this deal, we’ll raise the debt ceiling if you allow us to give the American people a look of what we’re dealing with.”
- Republicans are working on legislation, slated for early April, which will formalise "debt prioritisation," allowing the government to pay obligations without raising the debt limit.
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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.