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MNI POLITICAL RISK ANALYSIS – US Daily Brief 24-06-22

Daily roundup of news from the US.

Bank of Japan (BOJ) Market NewsPolitical RiskPolitical Market News

Executive Summary:

  • US Secretary of State Antony Blinken departed Washington yesterday for a hectic week of summits - starting with the G7 ministerial in Germany today. President Biden will hold a meeting with German Chancellor Olaf Scholz, ahead of the leaders' summit, as cracks begin to appear in the Western alliance.
  • The Biden administration may be on the brink of a significant diplomatic success in Asia as the Republic of Korea edges closer to rapprochement with Japan.
  • There have been developments in the USICA "chips" conference, but time is running out to send a bill to President Biden’s desk, and lawmakers agree that the legislation needs to be wrapped up by the summer recess or risk losing key private investment that will compliment federal funds.
  • The House Armed Services Committee has voted to advance its USD$840 billion version of the annual defence policy bill
  • Poll of the Day: Confidence in the United States Supreme Court reaches as all-time low as the nation’s top court dominates news wires this week.


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Executive Summary:

  • US Secretary of State Antony Blinken departed Washington yesterday for a hectic week of summits - starting with the G7 ministerial in Germany today. President Biden will hold a meeting with German Chancellor Olaf Scholz, ahead of the leaders' summit, as cracks begin to appear in the Western alliance.
  • The Biden administration may be on the brink of a significant diplomatic success in Asia as the Republic of Korea edges closer to rapprochement with Japan.
  • There have been developments in the USICA "chips" conference, but time is running out to send a bill to President Biden’s desk, and lawmakers agree that the legislation needs to be wrapped up by the summer recess or risk losing key private investment that will compliment federal funds.
  • The House Armed Services Committee has voted to advance its USD$840 billion version of the annual defence policy bill
  • Poll of the Day: Confidence in the United States Supreme Court reaches as all-time low as the nation’s top court dominates news wires this week.


Keep reading...Show less