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Executive Summary:

  • House Speaker Kevin McCarthy (R-CA) is expected to spend the coming days whipping his debt limit package ahead of a vote next week, likely Wednesday or Thursday.
  • GOP leaders are outwardly confident they can push the bill over the line but some moderate House Republicans have expressed resentment over the power of the conservative bloc. One Republican said, "the Freedom Caucus plan is wagging the conference dog..."
  • Multiple sources have reported that President Biden will announce his 2024 re-election campaign next week.
  • Conservative radio host Larry Elder is set to join the growing list of Republicans making a run for the White House.
  • President Biden is expected to sign an executive order in the coming weeks limiting investment by US companies in China.
  • White House Energy Security Advisor Amos Hochstein said yesterday that the US could begin refilling the Strategic Petroleum Reserve as soon as Q3 this year.
  • President Biden spoke with EU President Ursula von der Leyen and French President Emmanuel Macron yesterday to discuss an increasingly disjointed message on China.
  • US Defense Secretary Lloyd Austin hosted the 11th meeting of the Ukraine Contact Group this morning amid the fallout from the Pentagon leak.
  • Poll of the Day: Most Democrats will vote for Biden in 2024 despite preferring not to see him run.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 21-04-23 .pdf

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