MNI POLITICAL RISK ANALYSIS - US Daily Brief 29-03-23

Executive Summary:

• Democrats and House Republicans traded accusations of obstructing debt limit negotiations yesterday after House Speaker Kevin McCarthy (R-CA) penned a letter to President Biden accusing him of going AWOL on negotiations.
• The Washington Post has reported that the White House is, “preparing to call for federal banking regulators to impose new rules on midsize banks.”
• President Biden suggested to reporters yesterday that he is not convinced by Israeli Prime Minister Benjamin Netanyahu’s pause on judicial reform.
• Energy Secretary Jennifer Granholm says the Department of Energy expects to begin replenishing the Strategic Petroleum Reserve late this year.
• Rep Richard Neal (D-MA) and Senator Ron Wyden (D-OR) issued a statement yesterday opposing Monday's trade deal with Japan on critical minerals and supply chains, calling it "unacceptable."
• The US will cease biannual nuclear data sharing with Russia following Moscow’s suspension of participation in the New START treaty.
• A federal judge has ruled that former Vice President Mike Pence is not protected by executive privilege from providing testimony to a federal probe into former President Donald Trump's actions following the 2020 presidential election.
• Poll of the Day: 60% of US adults believe the government is overspending.

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 29-03-23 .pdf