MNI POLITICAL RISK - Biden Tries To Wait Out Dem Rebellion

Executive Summary:

• Dozens of House Democrat lawmakers have signed a letter opposing a Democratic National Committee plan to hold an expedited roll call of delegates to confirm Biden as Democratic nominee. According to the DNC timeline, Biden would only need to hold the Democrat rebellion against his candidacy at bay for around two weeks.
• Democrats opposed to Biden are circulating a memo showing that: Alternative Democratic candidates run ahead of President Biden; all alternatives retain the Democrat base; and Vice President Kamala Harris is unlikely the best replacement for Biden.
• Biden is making a pivot to the left in response to the embrace from the progressive flank that has kept the rebellion at bay. Teamsters boss Sean O’Brien again declined to endorse Biden's re-election bid.
• Former President Donald Trump indicated he would likely allow Federal Reserve Chair Jerome Powell to complete his term if he wins in November.
• Trump picked up two endorsements that could bolster support amongst Republican-leaners. Billionaires are coming out for Trump as Silicon Valley tilts to the right.
• Democratic Senator Bob Menendez (D-NJ) was found guilty on federal corruption charges.
• Delegates at the RNC have thrown their support behind a Trump-led decision to remove a national abortion ban from the GOP policy platform.
• The Aspen Security Forum gets underway today amid increased national security scrutiny.
• The White House is considering new “severe trade restrictions” if Japanese and Dutch firms continue providing China with advanced semiconductor technology.
• Poll of the Day: More warning signs for Biden in Virginia.

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MNIPOLRISKUSDaily170724.pdf