MNI POLITICAL RISK ANALYSIS - US Daily Brief 22-05-23

Executive Summary:

• President Biden will meet House Speaker Kevin McCarthy (R-CA) today for head-to-head talks on the debt limit with as few as 10 days until the United States defaults.
• Treasury Secretary Janet Yellen restates says “...the odds of reaching June 15th while being able to pay all of our bills is quite low.”
• President Biden says he expects to see a thaw with China, “very shortly,” as the White House steps up efforts to normalise relations with Beijing.
• The US has cleared a path for Ukraine to receive F-16 fighter planes.
• Senator Joe Manchin (D-WV) plans to oppose Biden’s Labor Secretary nominee.
• The number two Republican in the Senate, John Thune (R-SD), is expected to become the second Republican Senator to endorse Tim Scott’s (R-SC) presidential bid.
• The US has reached an agreement with Australia in the critical mineral sector.
• US Secretary of State Antony Blinken has signed a new enhanced Defense Cooperation Agreement with Papua New Guinea and an updated Compacts Review Agreement with Pacific Island Nations.
• Poll of the Day: The number of US adults who believe the country is headed in the right direction drops.

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 22-05-23 .pdf