MNI POLITICAL RISK ANALYSIS - US Daily Brief 09-01-23

Executive Summary:

• Late on Friday evening, a small group of anti-establishment Republicans acquiesced to drop their blockade and cleared the path for Republican leader Kevin McCarthy (R-CA) to become the new Speaker of the United States House of Representatives.
• Although McCarthy may now be speaker, the consequences of concessions made to a radical of fringe of the Republican party will reverberate through the next two years of the 118^th Congress. A full breakdown of how the concessions may affect the next two years of US politics inside.
• US President Joe Biden is in Mexico for the 10^th North American Leaders’ Summit taking place today and tomorrow. Canadian Prime Minister Justin Trudeau has indicated that he thinks the summit may bring a resolution to a simmering trade dispute surrounding Mexico's energy policies.
• The US State Department has announced new sanctions on Iran to disrupt the flow of Iranian drones to Russia.
• Poll of the Day: The conservative faction of the Republican party, which has just been handed enormous power from negotiations with House Speaker Kevin McCarthy (R-CA), is overwhelming opposed to working with Democrats.

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 09-01-23 .pdf