MNI POLITICAL RISK - Debate Shifts To Border As Shutdown Looms

Executive Summary:

• The Senate yesterday voted to advance a Continuing Resolution to fund the government through mid-November which includes USD$6b for Ukraine but no additional funds for border security, a key House Republican demand.
• There is no chance House Speaker Kevin McCarthy’s (R-CA) will bring the Senate CR to the floor in its current form. McCarthy indicated yesterday he would amend the Senate CR with the House’s border security bill, likely a move designed to frame the debate on the border, rather than spending.
• Hanging over the showdown is the persistent threat from conservative House Republicans to trigger a ‘motion to vacate the chair’ and try to oust McCarthy if there is any sign of a bipartisan deal.
• President Biden has become the first sitting president to visit a picket line.
• Seven Republican candidates have qualified for today's second GOP presidential debate.
• The FTC yesterday filed a large-scale antitrust lawsuit against Amazon.
• A New York judge ruled yesterday that former President Donald Trump fraudulently inflated the value of his assets.
• Poll of the Day: Trump has become the bookmakers favourite for 2024.

Please find the full article attached below:

MNIPOLRISKUSDaily270923.pdf