MNI POLITICAL RISK - Johnson's Plan To Avoid A Govt Shutdown

Executive Summary:

• On Saturday, House Speaker Mike Johnson (R-LA) unveiled a plan to avert a government shutdown which calls for a ‘clean’ extension of government funding but structured within an unusual ‘laddered’ proposal which sets deadlines for FY24 spending bills into two buckets.
• Johnson's bill, which is nearly identical to the CR which led to former House Speaker Kevin McCarthy's ouster, will face its first test today in the House Rules Committee.
• Treasury Secretary Janet Yellen will hold a series of ministerial meetings with her APEC counterparts leading up to the flagship bilateral meeting between President Biden and Chinese President Xi Jinping on November 15.
• The Biden-Xi meeting is expected to include breakthroughs on artificial intelligence and the reopening of military-to-military channels.
• Senator Tim Scott (R-SC) has withdrawn from the GOP presidential race after failing to capitalise on some early campaign momentum.
• President Biden will hold a bilateral meeting with Indonesian President Joko Widodo today at the White House.
• President Biden’s re-election chances may have been delivered another hit as Jill Stein, widely seen by Democrats as playing spoiler to Hillary Clinton’s 2016 campaign, enters he 2024 race as a Green candidate.
• Poll of the Day: Only 14 percent of voters believe they are financially better off since Biden took office.

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MNIPOLRISKUSDaily131123.pdf