MNI POLITICAL RISK ANALYSIS - US Daily Brief 06-02-23

Executive Summary:

• Sino-US relations have been plunged back into the deep freeze after the US military shot down a suspected Chinese surveillance balloon which had traversed US airspace for seven days.
• The Chinese spy balloon incident is likely to a cast a pall over tomorrow’s State of the Union speech where President Biden intended to tout a resilient economy, call for tighter gun regulation, and contrast his administration’s achievements with a chaotic Republican party.
• The Democratic National Committee has voted to approve President Biden’s plan to replace traditional first primary states Iowa and New Hampshire with the more diverse South Carolina.
• Freshman House Rep George Santos (R-NY) has lost confidence of voters in his Long Island congressional district.
• The US will provide longer-range Ground-Launched Small Diameter Bombs to Ukraine for the first time.
• The EU and the G7 have agreed on a revised price cap for Russian seaborne crude oil and a new cap on refined oil products.
• The US and European Governments have released a joint statement warning that Iran continues to enrich uranium to levels consistent with the development of nuclear weapons.
• Poll of the Day: Only 22% of voters want President Biden to seek a second term in 2024.

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 06-02-23 .pdf