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MNI POLITICAL RISK - Congress On Govt Funding Collision Course

Executive Summary:

  • House Speaker Kevin McCarthy (R-CA) may have seen off another revolt from conservative House Republicans but the standoff has elevated the prospect of a government shutdown in just over 100 days.
  • US Secretary of State Antony Blinken will travel to China, June 16-21, to meet top officials and discuss open lines of communication.
  • US Treasury Secretary Janet Yellen has continued her recent dovish tone on China in testimony to the House Financial Services Committee.
  • Jared Bernstein has been confirmed as President Biden's top economic advisor.
  • Former President Donald Trump has been arraigned on federal charges relating to the improper storage of classified government materials.
  • President Biden says his economic plan is working to address inflation but positive economic data is failing to translate into approval.
  • Biden and NATO chief Jens Stoltenberg discussed the upcoming NATO summit at the White House yesterday.
  • Senator James Risch (R-ID) is blocking an arms sale to Hungary in retaliation for Budapest's reluctance to approve Sweden's NATO bid.
  • The State Department says reports of an interim nuclear deal with Iran are "completely false."
  • President Biden yesterday held an unannounced meeting with Uruguay President Luis Lacalle Pou at the White House as China's influence in the region grows.
  • A group of US lawmakers have called on a US-Africa trade summit to be moved from South Africa.
  • Poll of the Day: "Republicans are unphased by Trump's legal troubles."

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 14-06-23 .pdf

USPolitical Market NewsPolitical Risk
USPolitical Market NewsPolitical Risk

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