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MNI POLITICAL RISK - Congress Gallops Towards Govt Shutdown

US
  • 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.
Full article: US Daily Brief
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