MNI POLITICAL RISK - GOP Considers Nine New Speaker Candidates

Executive Summary:

• The Republican conference will hold a candidate forum today at 18:30 ET 23:30 BST to consider nine new candidates to become the next Speaker of the House of Representatives ahead of an internal vote on Tuesday.
• House Majority Whip Tom Emmer (R-MN) begins the race as frontrunner but having the support of the party establishment will do little to win over conservatives.
• This week is likely the last chance for House Republicans to reach consensus before a plan B is pursued by moderate Republicans and Democrats. At some point this week Rep. Mike Kelly (R-PA) or Rep. David Joyce (R-OH) are expected to resubmit a resolution to imbue Speaker Pro Tempore Patrick McHenry (R-NC) with additional powers.
• Treasury Secretary Janet Yellen and OMB Director Shalanda Young have issued a joint statement defending the Biden administration’s fiscal policy following a USD$320 billion rise in the federal deficit.
• President Biden yesterday offered unguarded comments on what he believes was the motivation for Hamas' attack on Israel.
• Biden's 2024 campaign is preparing to increase ad spending to counter a flurry of negative polling.
• Poll of the Day: Inflation remains the most important issue for voters despite concerns over the war in the Middle East.

Please find the full article attached below:

MNIPOLRISKUSDaily231023.pdf