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MNI POLITICAL RISK ANALYSIS - US Daily Brief 14-03-23

Executive Summary:

  • President Biden, UK Prime Minister Rishi Sunak, and Australian Prime Minister Anthony Albanese yesterday unveiled the details of a major nuclear sharing agreement to develop conventionally armed nuclear-powered submarines.
  • House Speaker Kevin McCarthy (R-CA) convened his caucus yesterday to discuss the collapse of Silicon Valley Bank.
  • Senator Elizabeth Warren (D-MA) has called on Fed Chair Jerome Powell to recuse himself from the review into the collapse of SVB, stating that the bank's failure was in part his fault.
  • Senate Minority Leader Mitch McConnell (R-KY) has been discharged from hospital following treatment for a concussion.
  • Former President Donald Trump will speak at a campaign event in Iowa this evening following a visit from Florida Governor Ron DeSantis (R-FL) to the first-in-the-nation caucus state three days ago.
  • DeSantis said in a statement to Fox News host Tucker Carlson yesterday that aiding Ukraine is not a “vital” interest for the US and risks, "drawing us closer to a hot war between the world’s two largest nuclear powers.”
  • President Biden yesterday accepted a formal invitation from UK PM Rishi Sunak to visit Northern Ireland next month to mark the anniversary of the Good Friday Agreement.
  • House Democrats have opened an outpost of their main super PAC in New York designed to combat campaign failures seen as contributing to their loss of the House of Representatives at last year’s midterm elections.
  • President Biden yesterday made a pivot from a campaign pledge and signed off on a USD$8 billion plan to drill for oil on federal land in Alaska.
  • House Republicans will today release a package of more than 20 energy bills designed to boost domestic production, reduce permitting issues, and limit dependence on Chinese materials in clean tech.
  • White House National Security Advisor Jake Sullivan told reporters yesterday that President Biden plans to hold a call with Chinese President Xi Jinping following the conclusion of China’s legislative session.
  • Poll of the Day: Republicans, “lose exposure to large shares of persuadable voters” by sticking to Fox News.

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