MNI POLITICAL RISK - Congress Gallops Towards Govt Shutdown

Executive Summary:

• House Speaker Kevin McCarthy (R-CA) plans to bring a bill to the House floor on Friday which attaches a Continuing Resolution to a package of spending cuts and a GOP border security bill. Most are unconvinced he will have the votes to pass even a highly partisan bill, and, although there are several offramps available, a government shutdown now appears a near-certainty.
• There are several procedural mechanisms available to prevent a shutdown. Both are unlikely but moderate Republicans may consider the rules of the chamber sufficiently changed to attempt their own coup.
• If Congress fails to pass Ukraine funding this cycle, the next White House request for supplemental Ukraine aid could be as high as USD$80b.
• Kari Lake is expected to announce a run for Senator Kyrsten Sinema’s (I-AZ) seat next month.
• House Republicans will today hold their first inquiry into whether to impeach President Biden.
• The second Republican presidential debate did little to change the calculus of the Republican race.
• President Biden will deliver a speech today on “defending democracy.”
• Treasury Secretary Janet Yellen will deliver a “major” speech tomorrow on President Biden’s economic agenda.
• Biden Administration officials formally thanked Sweden and China for their assistance in the return yesterday of US citizen, Private Travis King.
• Poll of the Day: Americans want Congress to compromise.

Please find the full article attached below:

MNIPOLRISKUSDaily280923.pdf