MNI POLITICAL RISK ANALYSIS - US Daily Brief 26-04-23

Executive Summary:

• The House Rules Committee voted to send House Speaker Kevin McCarthy's (R-CA) Limit, Save, Grow Act debt limit package to the floor of the House of Representatives after a marathon session concluded at 02:00 ET this morning.
• Despite statements from McCarthy that he would play hardball, the Speaker blinked first in a showdown with GOP holdouts and agreed to amend the bill to maintain access to ethanol credits, enforce stricter work requirements for social entitlement programmes, and scrap more of the Inflation Reduction Act.
• We should know if McCarthy’s last-minute concessions have done enough to get the bill over the line when GOP lawmakers emerge from a closed-door meeting scheduled for 09:00 ET 14:00 BST.
• South Korean President Yoon Suk-yeul continues his state visit to the White House today but, despite outwardly positive statements from both sides, there will be uncomfortable discussions on a number of issues.
• The Senate HELP committee will meet today to vote on Julie Su to become President Biden’s new Labor Secretary.
• Former President Trump indicated yesterday that he may skip two Republican primary debates after criticising the Republican National Committee for failing to consult with him.
• The White House has issued a statement on President Biden’s upcoming international travel.
• Poll of the Day: Trump’s criminal indictment appears to have boosted his support.

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 26-04-23 .pdf