Free Trial

Iran Attack Could Hasten Passage Of US National Security Supplemental

SECURITY

The April 13 Iranian assault on Israel which saw the majority of over 300 drones, cruise missiles, and ballistic missiles intercepted by Israel's "Iron Done" systems could compel the Speaker of the United States House of Representatives, Mike Johnson (R-LA), to fast-track consideration of the supplemental aid package which include new aid for Israel, Ukraine, and other US allies.

  • In the aftermath of the attack, President Joe Biden convened a call with Johnson, Senate Majority Leader Chuck Schumer (D-NY), Minority Leader Mitch McConnell (R-KY), House Minority Leader Hakeem Jeffries (D-NY) to discuss, "the urgent need for the House of Representatives to pass the national security supplemental as soon as possible."
  • Johnson said, without explicitly ruling out the additional of Ukraine aid: “The House Republicans and the Republican Party understand the necessity of standing with Israel. We are going to try again this week, and the details of that package are being put together right now.”
  • House Republicans will meet today at 17:30 ET 22:30 GMT to discuss, "Iran's recent attack on Israel and defense supplemental funding."
  • Considering time constraints and Johnson's narrow majority, he likely has to pass a standalone Israel aid bill, similar to the one which wasblocked by Democratsin February, or hold a vote on the USD$95 billion Senate-passed package. Both options entail major risk for Johnson and will face robust opposition from House conservatives. However, Johnson may be insulated from a move to oust him after an endorsement from former President Donald Trump on Friday - potentially offsetting opposition to a vote which includes Ukraine funding.
258 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.

The April 13 Iranian assault on Israel which saw the majority of over 300 drones, cruise missiles, and ballistic missiles intercepted by Israel's "Iron Done" systems could compel the Speaker of the United States House of Representatives, Mike Johnson (R-LA), to fast-track consideration of the supplemental aid package which include new aid for Israel, Ukraine, and other US allies.

  • In the aftermath of the attack, President Joe Biden convened a call with Johnson, Senate Majority Leader Chuck Schumer (D-NY), Minority Leader Mitch McConnell (R-KY), House Minority Leader Hakeem Jeffries (D-NY) to discuss, "the urgent need for the House of Representatives to pass the national security supplemental as soon as possible."
  • Johnson said, without explicitly ruling out the additional of Ukraine aid: “The House Republicans and the Republican Party understand the necessity of standing with Israel. We are going to try again this week, and the details of that package are being put together right now.”
  • House Republicans will meet today at 17:30 ET 22:30 GMT to discuss, "Iran's recent attack on Israel and defense supplemental funding."
  • Considering time constraints and Johnson's narrow majority, he likely has to pass a standalone Israel aid bill, similar to the one which wasblocked by Democratsin February, or hold a vote on the USD$95 billion Senate-passed package. Both options entail major risk for Johnson and will face robust opposition from House conservatives. However, Johnson may be insulated from a move to oust him after an endorsement from former President Donald Trump on Friday - potentially offsetting opposition to a vote which includes Ukraine funding.