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MNI POLITICAL RISK - House To Vote On First FY24 Package Weds

Daily roundup of news from the US.

Executive Summary:

  • Congressional leaders have unveiled a USD$435 billion six-bill package for fiscal year 2024. A House vote is expected on Wednesday with the Senate to follow ahead of Friday's funding deadline.
  • As Democrats will line up behind the package, House Speaker Mike Johnson (R-LA) will be targeting a yes vote from the majority of his conference to offset the risk of a rebellion from his conservative flank.
  • Federal Reserve Chair Jerome Powel will deliver the Semiannual Monetary Policy Report to Congress this week.
  • Speaker Johnson may be open to a new deal on border security to unlock a vote on a foreign aid bill.
  • Vice President Kamala Harris and National Security Advisor Jake Sullivan will meet Israeli War Cabinet member Benny Gantz today at the White House.
  • White House Middle East Envoy Amos Hochstein will arrive in Lebanon today for talks on de-escalating tensions between Hezbollah and Israel.
  • Former South Carolina Governor Nikki Haley's (R) D.C. primary win is unlikely to impede former President Donald Trump's procession to the Republican presidential nomination.
  • Delays to Trump's four criminal cases has raised doubts that any of the trials will get underway before the presidential election in November.
  • Poll of the Day: President Biden has been hit with another survey suggesting he is too old, too unpopular, and cratering support amongst non-white voters.

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Executive Summary:

  • Congressional leaders have unveiled a USD$435 billion six-bill package for fiscal year 2024. A House vote is expected on Wednesday with the Senate to follow ahead of Friday's funding deadline.
  • As Democrats will line up behind the package, House Speaker Mike Johnson (R-LA) will be targeting a yes vote from the majority of his conference to offset the risk of a rebellion from his conservative flank.
  • Federal Reserve Chair Jerome Powel will deliver the Semiannual Monetary Policy Report to Congress this week.
  • Speaker Johnson may be open to a new deal on border security to unlock a vote on a foreign aid bill.
  • Vice President Kamala Harris and National Security Advisor Jake Sullivan will meet Israeli War Cabinet member Benny Gantz today at the White House.
  • White House Middle East Envoy Amos Hochstein will arrive in Lebanon today for talks on de-escalating tensions between Hezbollah and Israel.
  • Former South Carolina Governor Nikki Haley's (R) D.C. primary win is unlikely to impede former President Donald Trump's procession to the Republican presidential nomination.
  • Delays to Trump's four criminal cases has raised doubts that any of the trials will get underway before the presidential election in November.
  • Poll of the Day: President Biden has been hit with another survey suggesting he is too old, too unpopular, and cratering support amongst non-white voters.

Please find the full article attached below:

Keep reading...Show less