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Executive Summary:

  • There was an uptick in optimism but little concrete progress towards a debt limit deal yesterday following a “productive” meeting between President Biden and House Speaker Kevin McCarthy (R-CA).
  • McCarthy told reporters that he believes legislation can be passed, but time is getting very tight. We have a rundown of options available to prevent a default if McCarthy and Biden fail to strike a deal.
  • Delaware Senator Tom Carper (D-DE) yesterday became the fourth Senate Democrat to announce his resignation ahead of the 2024 election, opening up a prize Senate seat in a deep blue state.
  • More than 100 former Trump administration officials have thrown their support behind Florida Governor Ron DeSantis (R-FL) ahead of his expected presidential campaign launch.
  • German Chancellor Olaf Scholz has issued an unusually candid appraisal of US domestic politics.
  • A large US trade delegation will travel to Indonesia this week to discuss regional investment opportunities.
  • Poll of the Day: The debt limit showdown weighs heavily on President Biden’s approval rating.

Please find the full article attached below:

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

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