MNI POLITICAL RISK ANALYSIS - US Daily Brief 06-04-23

Executive Summary:

• House Speaker Kevin McCarthy (R-CA) yesterday held a closed-door meeting with Taiwan President Tsai Ing-wen, and a bipartisan group of lawmakers, in Simi Valley, California.
• One of President Biden’s closest economic advisors has left the Treasury Department as Biden continues to shake up his economic team ahead of an expected 2024 re-election bid.
• Former Vice President Mike Pence won’t appeal a ruling compelling him to provide testimony to a grand jury investigating the events surrounding the January 6, 2021, riot at the US Capitol.
• Speaker McCarthy said yesterday that Wall Street should be concerned about the lack of movement toward resolving the debt ceiling standoff.
• Russian President Vladimir Putin told US ambassador Lynne Tracey yesterday that, "US support for the 2014 revolution in Ukraine led to today's situation.”
• President Biden has accepted an invitation from King Charles III for a state visit to the UK: "The President was appreciative of the offer by the King and looks forward to that state visit.”
• South Korean President Yoon Suk-yeol will address a joint session of Congress later this month.
• Poll of the Day: Concerns over energy prices are receding amongst US voters.

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 06-04-23 .pdf