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MNI POLITICAL RISK - Hunter Biden Plea Deal Shakes Up 2024

Executive Summary:

  • The 2024 presidential election received a shakeup yesterday when President Biden’s son, Hunter Biden, accepted a deal with the Department of Justice which saw him plead guilty to three federal charges and avoid jail time.
  • China’s Ministry of Foreign Affairs has expressed “strong dissatisfaction" with comments made by President Biden labelling Chinese President Xi Jinping a “dictator.”
  • Federal Reserve Chair Jay Powell will provide scheduled testimony on monetary policy before the House Financial Services Committee today.
  • The Senate Banking Committee will hold a hearing to consider the three Fed nominees and markup a bill designed to regulate rein in the behaviour of bank executives.
  • Indian Prime Minister Narendra Modi has arrived in Washington ahead of tomorrow’s state visit to the White House and address to a joint session of Congress.
  • Senate Majority Leader Chuck Schumer (D-NY) will deliver a speech today outlining a framework for Artificial Intelligence regulation.
  • US District Court Judge Aileen Cannon has tentatively set August 14 for former President Donald Trump’s criminal trial.
  • Poll of the Day: Trump has a “huge advantage” over Florida Governor Ron DeSantis (R-FL) amongst a range of demographics.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 21-06-23 .pdf


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Political Market NewsPolitical Risk

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