Free Trial

Window For Passing Ukraine Aid Tightens Ahead Of Holiday Recess

US

Erik Wasser as Bloomberg reporting on X: "Lawmakers tell me there is no way House will pass Ukraine aid in 2023. [House Speaker Mike Johnson (R-LA)] is firm on House leaving by Dec. 15 and no Senate deal in sight."

  • Andrew Desiderio at Punchbowl News notes that the timeline for border negotiations, crucial to unlocking a vote on aid funding, is likely tied to passage of the National Defense Authorization Act: "[Senate Majority Whip John] Thune [R-SD] says NDAA should be done by the end of next week. This effectively sets a deadline for border/Ukraine talks. If no progress by then, Senate could go home for the holidays."
  • There is still a baseline expectation that the Senate will reach some form of agreement on the US-Mexico border but time is tight. If Congress fails to legislate aid by year's end the funding package will be squeezed by budget negotiations.
  • To ease the deal, President Biden indicated yesterday he would be willing to make concessions on border policy, rather than merely increasing funding and border security measures.
  • Lead Democrat negotiator, Senator Mike Murphy (D-CT), told Punchbowl a short time ago that he expects a GOP counter-offer from Senator James Lankford (R-OK) today.
  • Punchbowl notes that the, "Senate is leaving town for the weekend this afternoon but Murphy hints he and Lankford are staying."
  • More analysis on the state of negotiations following yesterday's failed Senate vote in today's edition of our MNI US Daily Brief.

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.