MNI POLITICAL RISK - FY24 Deal Struck But Govt Shutdown Looms

Executive Summary:

• Congressional leaders are expected to release the final text of a minibus to fund the six outstanding government agencies for FY2024 later today, or tomorrow. If House Speaker Mike Johnson (R-LA) adheres to a self-imposed 72-hour rule, the House is likely to hold a vote on Friday, at the earliest. With time so tight, a short funding patch may be needed to buy a few days, or the government may shut down briefly over the weekend.
• US President Joe Biden spoke to Israel Prime Minister Benjamin Netanyahu for the first time in over a month yesterday to reiterate, “his deep concerns about the prospect of Israel conducting a major ground operation in Rafah.”
• US Secretary of State Antony Blinken will head back to the Middle East this week for his sixth trip since the war between Israel and Hamas broke out.
• A USD$464 million fine in New York is threatening to put former President Donald Trump in a serious financial jam.
• Republican defence hawks have floated restructuring aid to Ukraine from grants to loans to gain support from the Ukraine-sceptic wing of the GOP.
• Energy Secretary Jennifer Granholm has downplayed the impact of an LNG pause ahead of testimony to Congress.
• National security officials will brief members of the Senate Intelligence and Commerce Committees on Wednesday on the threat posed by foreign adversaries accessing Americans’ data on social media platforms like TikTok.
• Poll of the Day: Americans divide across party lines on Trump's guilt.

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