MNI POLITICAL RISK - Floodgates Threaten To Burst On Biden

Executive Summary:

• President Biden has a make-or-break week to rescue his re-election bid from his lackluster presidential debate performance and subsequent slow response to public scrutiny.
• Last week, Biden was at least somewhat insulated from Democrat dissent by the July 4 Congressional recess. This week, lawmakers are back in Washington and Democrats will be discussing the pros and cons of hypothetical Plan Bs and Plans Cs – which could include Biden stepping aside to allow for a ‘mini primary’ ahead of the Democratic convention.
• Yesterday, the four ranking House Democrats on the Judiciary, House Administration, Armed Services and Veterans Affairs committees called on Biden to suspend his campaign, taking the total number of House Democrats who have publicly called on Biden to step aside to nine.
• The obvious opportunity for Biden to salvage his campaign comes at the three-day NATO summit which gets underway in Washington, DC tomorrow. Considering Biden’s widely reportedly struggles at the D-Day anniversary commemorations and G7 summit last month, press scrutiny will be intense - likely amounting to a stress test on Biden’s ability to perform basic duties of office.
• Former President Donald Trump could announce his Vice President selection as soon as this week, ahead of the Republican National Convention on July 15.
• Poll of the Day: Trying to parse the presidential election through polling has become increasingly difficult since the presidential debate shook up the race.

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MNIPOLRISKUSDaily080724.pdf