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MNI POLITICAL RISK - Biden Warns Of Dangers Of "MAGAnomics"

US
  • President Biden yesterday staked out a defence of his "Bidenomics" economic agenda by attacking what he called “MAGAnomics,” - a Republican plan to slash Social Security and Medicare.
  • House Republican tensions escalated yesterday during a conference meeting on strategy for government spending.
  • The Senate’s relatively serene progress on appropriations hit a wall yesterday when Senator Ron Johnson (R-WI) objected to an amendment agreement and stalled passage of a three-bill ‘minibus.’
  • Ukrainian President Volodymyr Zelensky is expected to ratchet up pressure on Congress to approve a new USD$22b Ukraine package in a visit to Capitol Hill next week.
  • President Biden will deliver remarks today on a strike underway from thousands of United Auto Workers.
  • The US yesterday announced one of the largest sanctions packages ever imposed by the State and Treasury Departments, including on entities from NATO ally Turkey.
  • White House officials are holding regular discussions to explore domestic and international options to lower fuel prices.
  • Poll of the Day: Donald Trump has increased his lead in the race for the Republican nomination.
Full article: US Daily Brief
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