MNI POLITICAL RISK - Lawmakers Unveil New Ukraine/Border Plan

Executive Summary:

• Another confrontation between House Republican leadership and hardline GOP conservatives over Fiscal Year 2024 bills is expected to raise the risk of political instability in the coming weeks.
• A bipartisan group of moderate House Representatives have unveiled a proposal to fund Ukraine and reform policy at the US-Mexico border. The framework would strip all non-defence aid from the USD$95 billion Senate-passed bill and re-implement the Trump-era policy “Remain in Mexico.”
• Fed Chair Jerome Powell is expected to testify before Congressional panels on March 6 and 7.
• IRS Commissioner Danny Werfel told lawmakers yesterday that the IRS could implement a USD$78 billion bipartisan tax bill within a matter of weeks.
• The White House says a new Russian weapon does not pose an immediate threat to national security.
• President Biden again urged Israeli Prime Minister Benjamin Netanyahu against a largescale military operation in Rafah.
• At the Munich Security Conference, a US delegation led by Secretary of State Antony Blinken and VP Kamala Harris will be under scrutiny over Ukraine aid and former President Donald Trump's recent comment on NATO.
• Blinken will meet with Chinese Foreign Minister Wang Yi today to lay the groundwork for a possible call between President Biden and Chinese President Xi Jinping.
• A New York judge yesterday confirmed that Trump's criminal trial in the 'hush money' case will begin on March 25, ensuring that Trump will face at least one jury before November's election.
• Poll of the Day: “Americans' economic outlook continues to improve, even if it still isn't great.”

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MNIPOLRISKUSDaily160224.pdf