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MNI POLITICAL RISK - Biden May Take Hit From Benefits Lapse

Executive Summary:

  • The four-day truce between Israel and Hamas is underway, marking the longest pause in fighting since the war began seven weeks ago.
  • A key US-EU trade meeting, scheduled to take place next month, is expected to be pushed into 2024 amid a lack of progress resolving a steel and aluminium dispute.
  • Former President Donald Trump expected to ramp up ad buys in early voting states to fend off an uptick in momentum from former South Carolina Governor Nikki Haley (R) and Florida Governor Ron DeSantis (R-FL).
  • Although betting markets continue to price Trump as the overwhelming favourite to take the GOP nomination, some Republicans see a pathway to the nomination for Haley via an upset in the New Hampshire primary.
  • Admiral Lisa Franchetti, the new Chief of US Naval Operations, said at a digital press briefing yesterday that the security and stability of the Indo-Pacific region affects “every American,” and, “every nation around the globe.”
  • US lawmakers have expressed scepticism over the suitability of outgoing Dutch Prime Minister Mark Rutte to take over as the next NATO Secretary General, citing concerns over Dutch contributions to the alliance.
  • Poll of the Day: President Biden’s approval is being squeezed from all sides, with his response to the war between Israel and Hamas prompting another decline in support, and a lapse of social welfare programmes set to hit voters.

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