MNI POLITICAL RISK - Biden's Messaging Problem On The Economy

Executive Summary:

• President Biden will deliver another speech on his “Bidenomics” agenda today as he continues to receive poor marks from voters on his economic performance.
• A government shutdown is increasingly likely as the Senate prepares to mark up spending bills.
• USTR Katherine Tai and her European Commission counterpart Valdis Dombrovskis will hold another meeting on metals tariffs today.
• Senate Foreign Relations Committee Chair Bob Menendez (D-NJ) said yesterday that he won’t lift his block on F-16 fighter planes to Turkey, despite Ankara agreeing to approve Sweden’s NATO membership.
• The Biden administration has been given a boost by news that illegal border crossing have dropped to the lowest levels in two years.
• Chinese ambassador Xie Feng told the Aspen Security Forum in Colorado yesterday that, “the priority [for China] is to stop [Taiwan Vice President] Lai Ching-te from visiting the United States."
• The Senate may attach language to the NDAA today which would block China from purchasing oil from the US Strategic Petroleum Reserve.
• Poll of the Day: Former President Donald Trump maintains his lead in Republican primary polling.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 20-07-23 .pdf