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MNI POLITICAL RISK - Border Security Bill Released This Week

Executive Summary:

  • Senate negotiators will release the final text of their border security/national security supplemental package this week amid concerns the deal may already be dead. The package will include a major overhaul of asylum policy, new powers to expel migrants, and enhanced funding for enforcement.
  • Congressional Appropriators have struck a deal on the allocation of USD$1.7 billion of FY2024 spending, clearing a critical hurdle ahead of the two government funding deadlines in March.
  • President Biden is facing one of the most challenging weeks of his presidency after a drone strike on a US base in Jordan killed three US service personnel.
  • Biden released a statement pledging: “…we will hold all those responsible to account," but he must balance the risk of being drawn into a major regional war with foreign policy hawks calling for direct military action against Iran.
  • The USD$70 billion bipartisan tax deal which passed the House Ways and Means Committee in a 40-3 vote this month is threatening to spark another Republican intra-party conflict.
  • Former South Carolina Governor Nikki Haley appears committed to staying in the race for the Republican presidential nomination until Super Tuesday.
  • House Republicans have released articles of impeachment against Homeland Security Secretary Alejandro Mayorkas.
  • The State Department is “reviewing” its sanctions policy on Venezuela following a series of alleged breaches of the electoral roadmap agreed in Barbados last year.
  • Poll of the Day: Nearly 70% of taxpayers believe that local, state, and federal taxes are too high.

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