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MNI POLITICAL RISK - Harris To Unveil Small Business Plan

Daily round-up of news from the US.

Political RiskPolitical Market News

Executive Summary:

  • Vice President Kamala Harris is set to announce plans to boost small business applications to 25 million in her first term. A central pillar of the plan - to expand a tax deduction for entrepreneurs from USD$5,000 to USD$50,000 - could potentially receive bipartisan support in Congress.
  • House Speaker Mike Johnson (R-LA) and the House Republican leadership will host a call this morning for all GOP lawmakers to review his plan to fund the government. At the moment, the prospect of a shutdown appears low but some analysts are warning that Trump's influence could push conservatives close to the brink if he sees some political benefit to a shutdown.
  • The assassination attempt on Trump appears to have done little to boost his support.
  • A federal judge has rejected former presidential candidate Robert F. Kennedy Jr.’s request to remove his name from the presidential ballot in Michigan, a key swing state where Trump could stand to gain from RFK’s name being removed.
  • The US is engaging in a push with Middle Eastern partners to get a "final" Gaza ceasefire agreement over the line.
  • The White House is “considering a range of options” to demonstrate to Venezuela President Nicolás Maduro that his actions in Venezuela will have "consequences."
  • Poll of the Day: Two progressive think tanks have found that Vice President Kamala Harris’ policies, including banning price gouging on groceries, are viewed "overwhelmingly favorably.”

Please find the full article attached below:

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Executive Summary:

  • Vice President Kamala Harris is set to announce plans to boost small business applications to 25 million in her first term. A central pillar of the plan - to expand a tax deduction for entrepreneurs from USD$5,000 to USD$50,000 - could potentially receive bipartisan support in Congress.
  • House Speaker Mike Johnson (R-LA) and the House Republican leadership will host a call this morning for all GOP lawmakers to review his plan to fund the government. At the moment, the prospect of a shutdown appears low but some analysts are warning that Trump's influence could push conservatives close to the brink if he sees some political benefit to a shutdown.
  • The assassination attempt on Trump appears to have done little to boost his support.
  • A federal judge has rejected former presidential candidate Robert F. Kennedy Jr.’s request to remove his name from the presidential ballot in Michigan, a key swing state where Trump could stand to gain from RFK’s name being removed.
  • The US is engaging in a push with Middle Eastern partners to get a "final" Gaza ceasefire agreement over the line.
  • The White House is “considering a range of options” to demonstrate to Venezuela President Nicolás Maduro that his actions in Venezuela will have "consequences."
  • Poll of the Day: Two progressive think tanks have found that Vice President Kamala Harris’ policies, including banning price gouging on groceries, are viewed "overwhelmingly favorably.”

Please find the full article attached below:

Keep reading...Show less