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MNI POLITICAL RISK - Congress Set To Punt Govt Funding Again

US
  • Congressional leaders struck a deal yesterday to extend government funding until March 8 and March 22, significantly decreasingly the risk of a partial government shutdown on Saturday. The House of Representatives will vote on a short-term Continuing Resolution to punt the deadlines today. Assuming the bill passes the House, the Senate is expected to move the CR with unanimous consent this evening.
  • President Biden and former President Donald Trump will deliver duelling speeches on immigration at the US-Mexico border today as they both attempt to influence the narrative on border security.
  • Senate Minority Leader Mitch McConnell (R-KY) will step down as Republican leader after the general election in November. McConnell’s departure from leadership will be a major blow for Ukraine and move the GOP into greater alignment with Trump - away from the traditional Republican conservatism which characterised the party prior to 2016.
  • Senator Mike Crapo (R-ID) has railed against efforts to strongarm Senate Republicans into "rubber stamping" the USD$78 billion bipartisan tax deal.
  • Treasury Secretary Janet Yellen has discussed using frozen Russian assets to compensate Ukraine in meetings with counterparts at the G20 finance ministers meeting in Brazil.
  • The leaders of 23 European parliaments yesterday undersigned a letter to House Speaker Mike Johnson (R-LA) urging him to pass additional aid for Ukraine.
  • Poll of the Day: Trump is leading Biden in all seven swing states.
Full article: US Daily Brief
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