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MNI POLITICAL RISK ANALYSIS - US Daily Brief 05-01-23

Executive Summary:

  • The drama on the floor of the US House of Representatives continued yesterday as Republican Leader Kevin McCarthy (R-CA) failed in three more ballots to become speaker.
  • McCarthy has reportedly offered a new package of sweeteners to flip rebel votes but that may not be enough to win over a hard-core of Conservatives with a personal grievance against McCarthy.
  • Failure to elect a speaker leaves the House of Representatives inert and, although there is no immediate threat to national security or the legislative process, if the inaction persists until the Senate reconvenes on the 23rd of January, Congress will be in a state of paralysis.
  • President Joe Biden may visit the Mexican border with the United States during the upcoming North American Leaders' Summit in a bid to confront one of the most politically sensitive issues facing his administration.
  • Poll of the Day: With the ongoing turmoil in the Republican Party, Democrats will be buoyed by President Biden’s upward trend in approval.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 05-01-23 .pdf


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