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MNI POLITICAL RISK - "Bidenomics" Tour Begins Today

US
  • With Congress on recess until next week, focus in Washington is on a drive by the White House to convince voters of the merits of President Biden’s domestic economic agenda. Biden and key cabinet members will be dispatched across the country to tout the successes of infrastructure and manufacturing-centered legislation which the White House calls “Bidenomics.”
  • US voters are largely unconvinced by White House claims that the economy is outperforming expectations and Republicans are likely to link “Bidenomics” with persistent inflation and high energy prices.
  • US Treasury Secretary Janet Yellen will arrive in China tomorrow amid an escalating dispute over critical minerals and high tech. Yellen will be tasked with convincing Beijing that measures to restrict China’s access high-tech components are in the interest of US national security rather than designed to restrain China’s economic growth, an assertion which Beijing has publicly rejected.
  • President Biden will host Swedish Prime Minister Ulf Kristersson at the White House today as a show of support ahead of the NATO summit.
  • Poll of the Day: Positive economic news has failed to reach voters.
Full Article: US Daily Brief

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