MNI POLITICAL RISK -Biden/Kishida To Announce 70+ Deliverables

Executive Summary:

• Japanese Prime Minister Fumio Kishida and US President Joe Biden will announce over 70 "deliverables" today during the first state-level White House visit from a Japanese leader in nine years. A senior administration official said its “probably the largest set of substantial, significant deliverables that we’ve seen of its kind.”
• Among the expected deliverables, a flagship initiative to integrate the US and Japanese industrial bases and a working group to begin co-development and production of munitions, ships, and warplanes. The pair are also likely to discuss incorporating Japan into Pillar II of the AUKUS defence pact and strategy to confront an increasingly belligerent North Korea.
• It is looking increasingly likely that House Speaker Mike Johnson (R-LA) will face a rebellion to oust him from his job if he follows through with his plan to move a national security supplemental bill which legislates new funds for Ukraine and Israel.
• President Biden indicated in an interview with Spanish-language broadcaster Univision that he intends to issue an executive order to limit migrant crossings at the US-Mexico border.
• The US Treasury Department proposed regulations for a 1% tax on stock buybacks, watering down a previous plan.
• The five major news networks have written a joint open letter urging Biden and Trump to participate in televised debates.
• An Arizona Supreme Court ruling on abortion keeps Democrats' most powerful political issue live.
• Poll of the Day: Republicans achieve parity with Democrats on party affiliation.

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