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MNI POLITICAL RISK - Biden Calls Meeting As Shutdown Looms

Executive Summary:

  • President Biden has called a White House meeting with Congressional leaders tomorrow to discuss a looming government shutdown and the stalled USD$95 billion foreign aid supplemental.
  • Its increasingly likely that Congress will be forced into a fourth Continuing Resolution of FY2024. The stopgap, should it come, is unlikely to extend beyond April 30 – a hard deadline when an automatic one-percent budget cut would be enforced across all government agencies.
  • White House National Security Advisor Jake Sullivan says that Russian President Vladimir Putin would be the “major beneficiary” if House Speaker Mike Johnson (R-LA) declines to bring the USD$95 billion foreign aid bill to the floor.
  • Sullivan says that he hopes negotiators will agree to the “basic contours” of an Israel-Hamas ceasefire deal in the coming days. Another round of ceasefire talks in Doha today may have been undermined by comments from Israeli Prime Minister Netanyahu yesterday declaring Israel will attack Rafah even if a ceasefire agreement is reached.
  • President Biden is facing the first concrete evaluation of his Middle East policy at the Democratic presidential primary in Michigan tomorrow.
  • Treasury Secretary Janet Yellen will hold a press conference in Brazil tomorrow to outline her key priorities at this week’s G20 Finance and Central Bank ministerial.
  • Former President Donald Trump comfortably won the South Carolina Republican primary on Saturday but the vote share hinted at one of Trump’s general election vulnerabilities.
  • Poll of the Day: President Biden’s approval rating has dropped three-percentage-points.

Please find the full article attached below:

MNIPOLRISKUSDaily260224.pdf


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