May 30, 2024 12:15 GMT
MNI POLITICAL RISK- GOP Eyes IRA As Template For Policy Agenda
Daily roundup of news from the US.
Executive Summary:
- Jurors in former President Donald Trump’s ‘hush money’ trial in Manhattan deliberated for more than four hours yesterday before being dismissed. They will reconvene today at 09:30 ET 14:30 BST.
- Republican are eyeing the Inflation Reduction Act as a template for moving policy under reconciliation if they win all three branches of government in November. Potential policy includes renewing Trump tax cuts which sunset in 2025, the GOP border security package H.R.2, repealing elements of the IRA, and taking another run at repealing parts of the Affordable Care Act.
- Senate Majority Leader Chuck Schumer (D-NY) will send a letter to Attorney General Merrick Garland and antitrust division chief Jonathan Kanter today calling for an investigation into collusion and price fixing in the energy sector.
- Secretary of State Antony Blinken hinted that the Biden administration may reverse opposition to Ukraine using US-supplied weapons to strike targets within Russia.
- Defense Secretary Lloyd Austin will hold his first face-to-face with a Chinese counterpart since June 2022 on Friday. Few breakthroughs are expected but the meeting is a signal that Washington and Beijing are taking steps to rebuild trust after a period of historic tensions.
- Israeli Prime Minister Benjamin Netanyahu criticised President Biden for announcing he would oppose Republican-led Congressional efforts to sanction the ICC.
- Independent presidential candidate Robert F. Kennedy Jr. filed an official complaint about being excluded from the first presidential debate
- Poll of the Day: Two-thirds of voters say a Trump guilty verdict would have no effect on their voting in November.
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