MNI POLITICAL RISK ANALYSIS - US Daily Brief 24-05-23

Executive Summary:

• Another day came and went with House Republicans and the White House outwardly no closer to a deal to resolve the debt ceiling standoff. Despite bearish rhetoric from Republican negotiators, talks are expected to resume today.
• Dynamics on Capitol Hill are leaning Republican. McCarthy’s team have near total control of the narrative coming out of the negotiating room, perhaps empowering McCarthy to press for a more comprehensive Republican win.
• Florida Governor Ron DeSantis (R-FL) will formally announce his presidential campaign this evening on Twitter Spaces with Tesla billionaire, and Twitter owner, Elon Musk.
• Chinese Commerce Minister Wang Wentao arrives in Washington today for the first cabinet-level US-China meetings on US soil during the Biden administration as the two powers attempt to establish a playbook for a commercial relationship running parallel to competition in defence and national security.
• Deputy National Security Advisor Jonathan Finer has emerged as the frontrunner to replace outgoing Deputy Secretary of State Wendy Sherman.
• Special Counsel Jack Smith is preparing to conclude his first Trump investigation .
• Poll of the Day: 60% of Americans only support raising the debt limit if spending cuts are attached.

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 24-05-23 .pdf