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Executive summary:

  • US Defence Secretary Lloyd Austin has embarked on a 10-day tour of Asia amid a period of increased political risk in the region.
  • Leaders from the Americas arrive in Los Angeles today for a summit which has been overshadowed by disputes over invitations. Mexican President Andrés Manuel López Obrador has boycotted but Brazilian President Jair Bolsonaro has agreed to attend after extracting a few concessions from the Biden administration.
  • Round two for Treasury Secretary Janet Yellen on the Hill. She will testify before the House Ways and Means Committee after yesterday telling the Senate Finance Committee that "it’s virtually impossible for us to insulate ourselves from shocks like the ones that are occurring in Russia."
  • Poll of the Day: Future US elections may be increasingly dependent on shifting allegiances in the American “classic industrial heartland” of Pennsylvania and the industrial Midwest.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS – US Daily Brief 08-06-22 .pdf

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