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MNI POLITICAL RISK ANALYSIS – US Daily

US
  • Biden believes that his budget will shrink the deficit by USD$1 trillion over 10 years – see further details in the report.
  • The war in Ukraine has compelled a dramatic increase in military spending, further hindering the Democrats' already stalled social spending agenda whilst potentially slowing a pivot towards responding to the rapid pace of China’s military development.
  • Another takeaway from Biden’s budget is a continued legislative approach to tackling inflation by increasing investment in critical areas like supply chains and domestic manufacturing.

See the full note here: https://marketnews.com/mni-political-risk-analysis-us-daily-brief-29-03-22

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