Free Trial

MNI POLITICAL RISK - Biden To Deliver Speech On Israel Today

Executive summary:

  • 13:00 ET 18:00 BST: President Biden will deliver a speech at the White House today on the terrorist attacks in Israel.
  • With Congress paralysed by the absence of a speaker of the House of Representatives, there are questions over how the White House can receive authorisation for a package of security assistance for Israel.
  • There are also persistent questions over the powers which speaker pro tempore Patrick McHenry (R-NC) has to preside over the House. The prevailing view is that McHenry can act in a largely ceremonial fashion to oversee the transition to a new speaker but this reading may be counterintuitive to the post-9/11 mechanism via which he was installed as interim speaker.
  • Rep Jim Jordan (R-OH) and House Majority Leader Steve Scalise (R-LA) will formally petition their candidacy for speaker at a GOP conference meeting today at 17:00 ET 22:00 BST.
  • Observers will be monitoring the eight Republicans who voted to oust former Speaker Kevin McCarthy (R-CA). If the crisis in Israel compels a swift speaker vote, McCarthy could find himself in a position to be returned to the chair.
  • With Ukraine funding pending, Biden administration officials, and Republicans in the Senate, are considering combining aid to Kyiv with border security and a broader supplemental package for Israel.
  • Senate Majority Leader Chuck Schumer (D-NY) discussed economic fairness, trade barriers, stolen intellectual property, and fentanyl with Chinese President Xi Jinping yesterday.
  • Poll of the Day: An RFK Jr. independent presidential run could benefit Biden.

Please find the full article attached below:

MNIPOLRISKUSDaily101023.pdf

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.