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MNI POLITICAL RISK - Johnson Makes First Major Move As Speaker

US
  • House Speaker Mike Johnson (R-LA) has made his first major political play since he was elected speaker last week, announcing he will press forward with a USD$14.3 billion Israel package, offset by cuts to the IRS - a move which may have implications for the future of Ukraine aid, raise the risk of a government shutdown, and put the new speaker on the collision course with Senate Minority Leader Mitch McConnell (R-KY).
  • On Capitol Hill, Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin will deliver testimony on Biden’s USD$106 billion national security supplemental and the Senate will vote on Jack Lew to be ambassador to Israel.
  • The House of Representative has now passed five of its 12 bills with three more votes planned for this week.
  • White House National Security Advisor Jake Sullivan met yesterday with a Saudi delegation led by Defense Minister Prince Khalid bin Salman Al Saud.
  • President Biden has hailed a "historic" deal between United Auto Workers and the 'Big Three'.
  • Canadian Prime Minister Justin Trudeau will travel to the White House to attend the APEP Leaders' Summit but Mexican President Andres Manuel Lopez Obrador is likely to again be a conspicuous absentee.
  • Poll of the Day: 72% of Americans endorse age limits for lawmakers.
Full article: US Daily Brief
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