MNI POLITICAL RISK - Biden Says No To Rushing Kyiv's NATO Bid

Executive Summary:

• President Biden said yesterday he doesn't think Ukraine is ready for NATO, but pledged to work with allies on "Israel-style" security assurances.
• US Treasury Secretary Janet Yellen concluded her China trip yesterday without any significant breakthroughs with cautious optimism that her trip may mark a milestone in efforts to increase communication and manage competition.
• Lawmakers return to Capitol Hill for a legislative sprint to pass the 12 annual spending bills before a government shutdown on September 30.
• Senate Majority Leader Chuck Schumer (D-NY) has outlined an ambitious July schedule for the Senate, with spending bills, the NDAA, artificial intelligence, and judicial confirmations on the agenda.
• The Senate Banking Committee will vote on Wednesday on President Biden’s three pending fed nominees.
• Fed Vice Chair for Supervision Michael Barr will appear at the Bipartisan Policy Center today to discuss capital rules and reforms of the banking system.
• Deputy Treasury Secretary Wally Adeyemo is in Europe this week for a series of meetings on the Inflation Reduction Act, energy supply chains, and Russian sanction evasion.
• Poll of the Day: President Biden’s approval rating remains in the doldrums ahead of the NATO summit.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 10-07-23 .pdf