MNI POLITICAL RISK - Johnson Eyes Friday Vote For FY24 Package

Executive Summary:

• With text of the final FY24 package still pending, avoiding a short government shutdown on the weekend may be contingent on House Speaker Mike Johnson (R-LA) scrapping a rule allowing lawmakers 72 hours to read legislation before voting. If Johnson adheres to the rule, Senate Majority Leader Chuck Schumer (D-NY) would have to pull off some “procedural magic” to fast-track the package through the Senate.
• Some Democrats have tentatively supported a Republican proposal, floated by former President Donald Trump and championed by Senator Lindsay Graham (R-SC), to restructure some aid to Ukraine into loans.
• President Joe Biden will announce USD$20 billion of grants and loans to chipmaker Intel in Arizona today, part of a Biden administration plan to produce 20% of the world's leading-edge chips by the end of the decade. It may also provide a boost for Biden in a critical swing state.
• Former President Donald Trump said in an interview yesterday that he would "100%" keep the US in NATO, if European countries hit their funding targets.
• Trump-endorsed businessman Bernie Moreno scored a huge win in the Ohio Republican Senate primary yesterday. House Speaker Mike Johnson (R-LA) was delivered a blow in the California.
• Energy Secretary Jennifer Granholm will provide testimony to the House Appropriations Committee today.
• Senators will receive a briefing today from national security officials on the risks posed by foreign control of social media platforms designed to drum up support for the House-passed TikTok bill.
• Poll of the Day: Young voters are more likely to be "double haters."

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MNIPOLRISKUSDaily200324.pdf