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MNI POLITICAL RISK - House Awaits Johnson's Supplemental Plan

Executive Summary:

  • Time is running out for House Speaker Mike Johnson (R-LA) to release the final text of his four-bill national security supplemental package with a Congressional recess looming and a conservative rebellion to oust him gathering momentum. We have a full roundup the week's events and the outlook for the House if hardline conservatives trigger a vote to oust Johnson.
  • The IMF warned yesterday that America’s fiscal stance could be, “out of line with long-term fiscal sustainability.”
  • President Biden is expected to announce that the White House is considering tripling tariffs on some Chinese metals in a bid to outflank former President Donald Trump’s punitive China tariff plan. Biden's speech comes during a three-day tour of Pennsylvania - a state he likely must win if he is to secure a second term in the White House.
  • 10:00 ET 15:00 BST: US Trade Rep Katherine Tai will receive another grilling on Biden’s tariff plans during her second Congressional testimony today.
  • Defense Secretary Lloyd Austin spoke yesterday with his Chinese counterpart for the first time in almost two years - fulfilling a pledge President Biden and Chinese President Xi Jinping made in San Francisco last year.
  • A senior advisor to former President Bill Clinton has concluded, in new analysis, that Trump has a smoother pathway than Biden to winning the Electoral College.
  • Democrat candidates in competitive Senate races have a major cash advantage over their Republican rivals.
  • Poll of the Day: The US now ranks at the bottom of the G7 in confidence in national institutions.

Please find the full article attached below:

MNIPOLRISKUSDaily170424.pdf

USPolitical Market NewsPolitical Risk
USPolitical Market NewsPolitical Risk

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