MNI POLITICAL RISK - Biden Under Pressure Ahead Of SOTU

• 21:00 ET 02:00 GMT: President Biden will deliver his annual State of the Union Address - a crucial opportunity for the president to speak directly to the American people ahead of Presidential election in November. We have a preview inside.
• Biden enters today facing numerous headwinds. Polling suggests former President Donald Trump is now slight favourite to win in November with Biden poorly on both major domestic political issues - the economy and immigration. Biden’s approval rating, under pressure from his fragmenting progressive alliance, is also languishing well below the historical benchmark for a successful re-election campaign.
• 09:40 ET 14:40: Fed Chair Jerome Powell appear before the Senate Banking Committee to provide testimony on the Semiannual Monetary Policy Report.
• The House of Representatives yesterday passed a package six bills to fund the government through fiscal year 2024. The second tranche of bills, which makes up more than two-third of discretionary spending and includes thorny negotiations on immigration, security, and defence, is due on March 22.
• Former South Carolina Governor Nikki Haley's withdrawal from the presidential race has prompted key endorsements for Trump from Senate Republicans.
• The House Energy and Commerce Committee will mark up legislation calling on Chinese company Bytedance divest TikTok or face a US ban. A quick turnaround for the White House-backed bill which was unveiled this week.
• Poll of the Day: Only around one in five Americans want the US to take a more active role in Israel and Ukraine.

Full article: US Daily Brief