MNI POLITICAL RISK - House May Hold Speaker Vote On Wednesday

Executive Summary:

• It has been 13 days since the ouster of former House Speaker Kevin McCarthy (R-CA) and the chamber appears no closer to electing his successor. Judiciary Committee Chair Jim Jordan (R-OH) is the presumptive frontrunner but deep divisions within the party makes his appointment far from assured.
• Should Jordan fail to garner support behind closed doors he may pull the trigger and push to bring his nomination to the floor on Wednesday, risking a longer paralysis of the chamber. If GOP leadership see this strategy failing, they may look to restart the search for a candidate for the third time.
• President Biden is reportedly weighing up a trip to Israel, as soon as this week, after an invitation from Israeli Prime Minister Benjamin Netanyahu. Biden said in an interview with CBS yesterday that he believes the Israeli occupation of Gaza would be, "a big mistake."
• Former President Donald Trump has a busy schedule of court appearances this week – foreshadowing next year when all his legal cases will be underway concurrently.
• President Biden has postponed travel to Colorado today where he was scheduled to deliver a speech on the Inflation Reduction Act in conservative Republican Rep Lauren Boebert’s (R-CO) Congressional district.
• Poll of the Day: Nearly 8/10 Americans fear with Gaza war will expand into a broader conflict.

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MNIPOLRISKUSDaily161023.pdf