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Executive Summary:

  • A fifth call between US President Joe Biden and his Chinese counterpart Xi Jinping is expected to take place tomorrow as tensions over Taiwan continue to increase.
  • Former President Donald Trump and former Vice President Mike Pence gave competing speeches in Washington DC yesterday.
  • Trump ‘soft launched’ his 2024 campaign with an attack on potential primary rivals and outlying a raft of tentative policies on crime and immigration.
  • After around 18 months of drafting, debate, and deliberation, the Senate is finally ready for a full vote on the USD$280 billion CHIPS-Plus bill.
  • Senate Democrats are warning that passing a legislative package on FY23 before the September 30 deadline is unlikely.
  • The US State Department has confirmed that the US and Allies are working on a 'Plan B' to prevent Iran obtaining a nuclear weapon.
  • Poll of the Day: Recession journalism is influencing public opinion on the economy.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS – US Daily Brief 27-07-22 .pdf

Chart 1: News articles about recession in US


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