Free Trial

MNI POLITICAL RISK - Johnson Unveils Israel/Ukraine Aid Plan

US
  • House Speaker Mike Johnson (R-LA) has unveiled his long-awaited plan to move foreign aid. Johnson is expected to release the final text of the four-bill bundle today with a vote tentatively scheduled for Friday. Johnson will likely have to lean on Democrats to pass a rule as it is unclear there is sufficient support for any of the constituent bills under suspension.
  • As the package includes Ukraine aid, there is a credible risk that hardline Republican Rep Marjorie Taylor Greene (R-GA) could force a vote to oust Johnson. This morning, Greene issued a statement criticising the plan but declined to explicitly threaten triggering her motion to vacate.
  • Treasury Secretary Janet Yellen is expected to press her fellow finance ministers today to back new US sanctions on Iran.
  • The House overwhelmingly passed legislation aimed at countering China-Iran crude oil transactions but the Senate may be less inclined to support measures which would further squeeze oil markets.
  • A bipartisan group of Senators are “quietly working” to secure the 60 votes required to pass the USD$78 billion Wyden-Smith tax bill.
  • USTR Katherine Tai will provide testimony to Congress today on President Biden’s 2024 trade agenda.
  • President Biden has been given a campaign boost after data showed that the homicide rate in major US cities is falling rapidly.
  • Argentina firms as a US ally under President Javier Milei.
  • Poll of the Day: Betting markets show Biden with an early electoral college advantage over Trump.
Full article: US Daily Brief

To read the full story

Close

Why MNI

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.