MNI POLITICAL RISK - GOP Takes Partisan Approach To FY25 Bills

Executive Summary:

• The House of Representatives returns tomorrow to continue work on three Fiscal Year 2025 appropriations bills: Defence, Homeland Security, and State-Foreign Operations.
• Treasury Secretary Janet Yellen will say in Minneapolis, Minnesota today she expects shelter inflation "will moderate" and call on Congress to act on a plan to, "help more than 3.5 million families purchase their first home in the next two years."
• Moody’s Analytics’ chief economist Mark Zandi warned of an imminent recession in a social media post urging the Federal Reserve to cut interest rates.
• The Supreme Court is preparing a blockbuster week of decisions, including whether former President Donald Trump should be immune from prosecution for acts committed whilst he occupied the Oval Office.
• Senator JD Vance (R-OH) and Governor Doug Burgum (R-ND) are firming as the favourites for Trump’s Vice President.
• Senior officials from the US, Republic of Korea, and Japan have condemned deepening military cooperation between North Korea and Russia.
• Israel’s Defence Minister Yoav Gallant is in Washington this week for meetings with US officials on the next phase of the Gaza war and escalating tensions on the border with Lebanon. Gallant likely also has a secondary task: Repair a rift between the Biden administration and Israeli Prime Minister Benjamin Netanyahu.
• Poll of the Day: Democratic Senate candidates continue to outperform President Biden in key swing states, suggesting that the Democrat brand remains strong despite a lack of enthusiasm for Biden.

Please find the full article attached below:

MNIPOLRISKUSDaily240624.pdf