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MNI POLITICAL RISK - Govt Shutdown Looms After Trump Tanks CR

Daily round-up of news from the US.
StoryPolitical Risk

Executive summary:

  • There is now a real risk of a government shutdown on December 21 after US President-elect Donald Trump, led by informal non-governmental advisor Elon Musk, took a position against House Speaker Mike Johnson’s (R-LA) bipartisan deal to extend government funding for three months. We have a full roundup of the shutdown outlook inside.
  • Polymarket shows the implied probability of a government shutdown has spiked to 51% from a low of 3% earlier in the month.
  • The Senate passed the annual Pentagon funding bill, the USD$895 billion National Defense Authorization Act, in an 85-14 bipartisan vote yesterday.
  • The Social Security Fairness Act is also set for final passage in the Senate, despite an estimated cost of USD$195 billion.
  • A small bipartisan group of Senators are working on a border security bill that could streamline Trump's reconciliation agenda in one bill.
  • Energy experts warn that the Biden administration's call for curbs on LNG exports will hurt the economy, slow decarbonisation in Asia, and empower Russia.
  • Russian President Vladimir Putin indicated today during his marathon annual press conference that he hasn’t spoken to Trump for four years but he is ready to talk, “anytime.”
  • Poll of the Day: A plurality of Americans are enthusiastic about Trump’s presidency, with Republican optimism outstripping Democrat pessimism.

Please find the full article attached below: US Daily Brief

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Executive summary:

  • There is now a real risk of a government shutdown on December 21 after US President-elect Donald Trump, led by informal non-governmental advisor Elon Musk, took a position against House Speaker Mike Johnson’s (R-LA) bipartisan deal to extend government funding for three months. We have a full roundup of the shutdown outlook inside.
  • Polymarket shows the implied probability of a government shutdown has spiked to 51% from a low of 3% earlier in the month.
  • The Senate passed the annual Pentagon funding bill, the USD$895 billion National Defense Authorization Act, in an 85-14 bipartisan vote yesterday.
  • The Social Security Fairness Act is also set for final passage in the Senate, despite an estimated cost of USD$195 billion.
  • A small bipartisan group of Senators are working on a border security bill that could streamline Trump's reconciliation agenda in one bill.
  • Energy experts warn that the Biden administration's call for curbs on LNG exports will hurt the economy, slow decarbonisation in Asia, and empower Russia.
  • Russian President Vladimir Putin indicated today during his marathon annual press conference that he hasn’t spoken to Trump for four years but he is ready to talk, “anytime.”
  • Poll of the Day: A plurality of Americans are enthusiastic about Trump’s presidency, with Republican optimism outstripping Democrat pessimism.

Please find the full article attached below: US Daily Brief