MNI POLITICAL RISK - Gaetz Submits Resolution To Oust McCarthy

Executive Summary:

• Conservative Republican House Representative Matt Gaetz (R-FL) yesterday submitted a “motion to vacate” the Speaker’s chair – a bid to oust House Speaker Kevin McCarthy (R-CA) - in response to McCarthy’s decision to pass a bipartisan bill to avert a government shutdown.
• If McCarthy fails to gather enough support to table the resolution, and prevent a House vote, he will likely be forced to lean on Democrats to keep his gavel.
• Senate Majority Leader Chuck Schumer (D-NY) will lead a bipartisan Congressional delegation to China this week which may include a meeting with Chinese President Xi Jinping.
• The White House yesterday projected confidence that Congress will approve a new package of security assistance to Ukraine despite warnings from the State Department that the US has already, "exhausted much of the existing security assistance funding."
• Former President Donald Trump's first high-profile trial got underway in New York City yesterday. The civil case carries no threat to Trump’s freedom but it could set the tone for his future court appearances and deliver a blow to his personal wealth.
• Poll of the Day: Betting markets continue to view the 2024 presidential election as a dead heat.

Please find the full article attached below:

MNIPOLRISKUSDaily031023.pdf