MNI POLITICAL RISK ANALYSIS - US Daily Brief 28-03-23

Executive Summary:

• The first Congressional hearing into the collapse of Silicon Valley Bank will take place today with Federal Reserve Vice Chair of Supervision Michael Barr and FDIC Chair Martin Gruenberg set to testify before the Senate Banking Committee at 10:00 ET 15:00 BST.
• The White House and State Department yesterday welcomed news that Israeli Prime Minister Benjamin Netanyahu has paused his attempt at reforming the judiciary but analysts have warned the ceasefire may only be temporary.
• The White House will begin its second virtual ‘Summit for Democracy’ today and, although some critics have pointed out inconsistencies in the guest list, an increase appetite for cooperation on China may give the summit more significance this year.
• Japan and the United States reached a deal late yesterday on trade in critical minerals and bolstering supply chains.
• President Biden continues to suffer poor approval in his handling of the economy, foreign policy, and energy policy.
• Former President Donald Trump’s legal troubles have done little to dent support amongst his core base.
• Poll of the Day: There is still no credible alterative to a Biden 2024 bid, despite a lack of enthusiasm amongst Democrat voters.

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 28-03-23 .pdf