MNI POLITICAL RISK - Johnson w/Few Options After CR Vote Fails

Executive Summary:

• The White House will take a mini victory lap today after the Federal Reserve cut interest rates for the first time in more than four years. President Biden will deliver remarks at the Economic Club of Washington at 13:15 ET 18:15 BST. CEA Chair Jared Bernstein will join White House Press Secretary Karine Jean-Pierre at her daily presser later in the afternoon. Both are likely to suggest that the Fed decision is a tacit endorsement of the Biden administration's strategy on inflation.
• House Speaker Mike Johnson’s (R-LA) government funding plan suffered an ignominious defeat in the House yesterday, with 14 members of his conference voting against his Continuing Resolution to fund the government for six months paired with the partisan SAVE Act.
• Former President Donald Trump pledged to lift the cap on state and local tax deductions (SALT) that he imposed as part of his 2017 tax package.
• Harris and her running mate Governor Tim Walz (D-MN) are on track to do fewer interviews and press conferences than any presidential ticket in modern US history. A risky strategy as voters, while more enthusiastic about Harris than Biden, continue to report that they want to learn more about the Democrat candidate and her policies.
• The Teamsters declined to endorse a presidential candidate for the first time since 1996, with internal polling showing a dramatic drop in support for the Democratic ticket under Harris.
• Poll of the Day: A series of high-quality polls have scrambled the outlook of the presidential race.

Please find the full article attached below: