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Executive Summary:

  • Washington and Beijing have traded accusations over the war in Ukraine following a meeting between China’s top diplomat Wang Yi and Russian President Vladimir Putin.
  • Negotiations to resolve the debt ceiling standoff may be complicated by 16 House Republicans who have never voted to raise the debt ceiling, even during the administration of former President Donald Trump.
  • Trump has accused the Biden Administration of neglecting domestic issues as a train derailment in Ohio becomes increasingly politicised.
  • Former Vice President Mike Pence, positioning himself as a fiscally conservative Republican ahead of an expected presidential bid, says cuts to Medicare and Social Security should be "on the table for the long term."
  • Treasury Secretary Janet Yellen says the oil price cap has “helped cut Moscow's oil revenue by 60%.”
  • Commerce Secretary Gina Raimondo will deliver a speech tomorrow in Georgetown, Washington, D.C. on the “long-term goals” for the CHIPS and Science Act.
  • Poll of the Day: Biden and President Trump both face considerable scepticism to their 2024 aspirations amongst their own party bases.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 23-02-23 .pdf

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