MNI POLITICAL RISK - First Debate To Attract Large Audience

Executive Summary:

• The House Financial Services Committee will meet today to consider a bill which would amend the Federal Reserve Act, "to add requirements to the annual report of the Board of Governors of the Federal Reserve System." The hearing comes shortly before the Fed announces results from its annual bank stress tests at 16:30 ET 21:30 BST.
• Consumer confidence dipped in June, according to the Conference Board's Consumer Confidence Index.
• Republicans are twice as likely as Democrats to blame the government for inflation, with Democrats more likely to blame corporate greed.
• Rep Jamaal Bowman (D-NY) yesterday became the first member of the progressive “Squad” to be ousted in a primary. A potentially significant shift in intra-Democratic Party power politics, which could curb the influence of the progressive bloc.
• Most US adults intend to watch at least some parts of the first presidential debate on Thursday.
• The US and Vietnamese officials held a first meeting of the U.S.-Vietnam Comprehensive Strategic Partnership Economic Dialogue, in the wake of Russian President Vladimir Putin’s visit to Hanoi.
• NATO ambassadors have unanimously confirmed that outgoing Dutch Prime Minister Mark Rutte will become the next secretary general of the alliance.
• The US Treasury Department announced sanctions on nearly 50 entities and individuals connected to a “shadow banking” network used by Iran to gain illicit access to the international financial system.
• Poll of the Day: Biden edges ahead of Trump in national polling for the first time.

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