MNI POLITICAL RISK ANALYSIS – US Daily Brief 10-06-22

Executive Summary:

• President Joe Biden had his first face-to-face meeting with Brazilian President Jair Bolsonaro yesterday as part of a quid pro quo between the two leaders. It was a frosty encounter with news wires noting the lack of eye contact and negative body-language.
• Treasury Secretary Janet Yellen doesn’t believe the US is likely to slip into recession but expects growth to remain slow and energy prices to remain high.
• US Senior Advisor for Energy Security Amos Hochstein told the Senate that the European Union will struggle to ease dependence on Russian energy imports due to fundamental infrastructure limitations. Floating LNG terminals, and small modular nuclear reactors can help but consumption trends must change.
• The House Select Committee hearing investigating the events on Capitol Hill on January 6, 2020, was broadcast live during primetime yesterday. The committee is unlikely to significantly influence the midterm elections but will certainly dominate news wires in the coming weeks.
• Joint Chief of Staff Chair Mark Milley told reporters yesterday that the US will begin training Ukrainian troops on advanced rocket systems as the US and UK ponder the delivery of more HIMARS.
• The US and Ukraine are both accusing Russia of "blackmail" and "exporting starvation" by blockading Ukrainian exports in the Black Sea.
• US Defence Secretary Lloyd Austin held his first face-to-face meeting with his Chinese counterpart Wei Fenghe in Singapore today as the two countries strive to open lines of communication and construct ‘guardrails’ to prevent a crisis.
• The Iranian Joint Comprehensive Plan of Action nuclear accords now appear terminally fractured.
• Poll of the Day: Baby Boomers have the most trust in government institutions - Gen Z have the least.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS – US Daily Brief 10-06-22 .pdf