Free Trial


Executive Summary:

  • Murmurings from House Republicans oscillated back into positive territory yesterday after four-hours of debt limit talks at the White House.
  • Despite the more positive tone, the atmosphere on Capitol Hill remains fraught. Any deal struck between House Speaker Kevin McCarthy (R-CA) and President Biden will likely require up to 100 Democrat votes in the House, and Democrats are operating with a novice leadership group which is largely untested in challenging votes.
  • Democrats were quick to issue statements highlighting a Fitch decision to place the US on negative watch. House Democratic Whip Katherine Clark (D-MA) said: “Even the ratings watch is going to cause economic problems. This is the beginning.”
  • Commerce Secretary Gina Raimondo is expected to meet her Chinese counterpart Wang Wentao for dinner this evening ahead a formal meeting tomorrow on the margins of the APEC summit in Detroit.
  • Florida Governor Ron DeSantis’ (R-FL) presidential campaign launch on Twitter was overshadowed by technical glitches.
  • Poll of the Day: Monmouth University Polling has released a survey challenging recent polls which have appeared to show that most Americans support attaching spending cuts to a debt ceiling hike.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 25-05-23 .pdf

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.