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MNI POLITICAL RISK-Johnson Tees Up Long-Shot Govt Funding Vote

Daily round-up of news from the US.

Political RiskPolitical Market News

Executive Summary:

  • House Speaker Mike Johnson (R-LA) will take a second run at a House vote today on his short-term government funding plan. Johnson's Continuing Resolution to extend government funding for six months paired with the partisan SAVE Act is expected to fail, prompting talks likely to result in a three-month 'clean' CR.
  • The Federal Reserve’s expected rate cut today is unlikely to significantly scramble political messaging on the economy, but may boost Democrats' claim that Biden administration policy has effectively tamed inflation.
  • Former President Donald Trump indicated that he would support lifting the cap on SALT deductions, putting Senate Republicans in a tricky position.
  • Vice President Kamala Harris failed to substantively break with Biden on key issues in her most extensive media interview since replacing Biden at the top of the Democratic ticket.
  • The 1.3 million-member-strong Teamsters union is expected to announce a presidential endorsement today. The group, which traditionally endorses the Democrat candidate, is the last major union yet to formally endorse a candidate.
  • Senate Republicans yesterday blocked a Democrat bill that would federally protect access to in vitro fertilization and require public and private insurance coverage of IVF and other fertility treatments.
  • US Secretary of State Antony Blinken talked up the prospect of a Gaza ceasefire deal, following a meeting today with his Egyptian counterpart Badr Abdelatty in Cairo.
  • Poll of the Day: Harris appears to be getting a polling bounce following the presidential debate.

Please find the full article attached below:

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Executive Summary:

  • House Speaker Mike Johnson (R-LA) will take a second run at a House vote today on his short-term government funding plan. Johnson's Continuing Resolution to extend government funding for six months paired with the partisan SAVE Act is expected to fail, prompting talks likely to result in a three-month 'clean' CR.
  • The Federal Reserve’s expected rate cut today is unlikely to significantly scramble political messaging on the economy, but may boost Democrats' claim that Biden administration policy has effectively tamed inflation.
  • Former President Donald Trump indicated that he would support lifting the cap on SALT deductions, putting Senate Republicans in a tricky position.
  • Vice President Kamala Harris failed to substantively break with Biden on key issues in her most extensive media interview since replacing Biden at the top of the Democratic ticket.
  • The 1.3 million-member-strong Teamsters union is expected to announce a presidential endorsement today. The group, which traditionally endorses the Democrat candidate, is the last major union yet to formally endorse a candidate.
  • Senate Republicans yesterday blocked a Democrat bill that would federally protect access to in vitro fertilization and require public and private insurance coverage of IVF and other fertility treatments.
  • US Secretary of State Antony Blinken talked up the prospect of a Gaza ceasefire deal, following a meeting today with his Egyptian counterpart Badr Abdelatty in Cairo.
  • Poll of the Day: Harris appears to be getting a polling bounce following the presidential debate.

Please find the full article attached below:

Keep reading...Show less