MNI POLITICAL RISK: GOP Standoff Raises Risk Of Govt Shutdown

Executive Summary:

• GOP Conservatives drop their blockade on Republican legislation in return for discussions on spending and formalising the power of the conservative bloc.
• Former President Donald Trump will present himself in Miami, Florida today to be arraigned on 37 federal charges.
• Treasury Secretary Janet Yellen will deliver a stern warning to Congress today at her first Congressional testimony since the suspension of the debt ceiling.
• The House Ways and Means Committee will today mark up a package of tax legislation which the White House claims may pave the way for a USD$3 trillion tax cut.
• President Biden will meet with NATO Sec Gen Jens Stoltenberg today amid continued uncertainly over the next NATO chief.
• Biden administration officials yesterday confirmed China's planned surveillance base in Cuba after denying reports last week.
• The White House has declined to comment on reports that negotiators may be working on an interim nuclear deal with Iran.
• NSA Jake Sullivan will travel to Japan tomorrow to attend security talks with the Republic of Korea, Japan, and the Philippines.
• A House Committee will vote today to impose greater Congressional oversight on issues relating to Taiwan.
• Poll of the Day: President Biden’s approval rating has failed to recover from a debt ceiling slump.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 13-06-23 .pdf