Free Trial

MNI POLITICAL RISK- Johnson Confirms Opposition To Border Bill

Executive Summary:

  • The political realities of an election year appear to have punctured optimism that the yet-unreleased border security bill has a pathway through Congress. Negotiators Senator James Lankford (R-OK) and Senator Kyrsten Sinema (I-AZ) remain hopeful that the final text can address “misinformation” and “rumours” about the legislation but Republican leadership in the Senate appear resigned to the likely collapse of the deal.
  • House Speaker Mike Johnson (R-LA), on the heels of widely reported comments declaring the Senate border package “dead on arrival” in the House, used his first speech of the floor of the House of Representatives yesterday to slam the Biden administration border policy.
  • As the world awaits President Biden’s response to the attack on a US base in Jordan which killed three US personnel, public comments from Biden administration officials continue to hint at restrained military action designed to prevent a wider conflict with Iran.
  • The USD$79 billion bipartisan and bicameral tax deal, negotiated by Rep Mike Smith (R-MT) and Senator Ron Wyden (D-OR), sailed through the House yesterday in a 357-70 vote.
  • A pro-Biden super pac is preparing a major advertising offensive in swing states as Trump's campaign finances dwindle under the weight of legal fees.
  • NATO Secretary General Jens Stoltenberg says he’s not concerned that Donald Trump could withdraw from NATO if he wins a second term.
  • Poll of the Day: A slight increase in positive views on the economy has not been reflected in President Biden’s approval ratings.

Please find the full article attached below:


To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.