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MNI POLITICAL RISK - No Clear Leader In Speaker Race

US
  • With the weekend looming, neither House Majority Leader Steve Scalise (R-LA), nor House Judiciary Chair Jim Jordan (R-OH), have locked down close to the requisite 217 votes required to win the speaker’s gavel. We have a roundup of what to expect over the coming week.
  • The paralysis of the House is likely to significant raise the risk of a government shutdown in mid-November. A key dynamic this week will be a push from moderate Republicans to reform the motion-to-vacate and reclaim power from conservatives.
  • The White House has begun preparations for a meeting between President Biden and Chinese President Xi Jinping on the margins of November’s APEC summit in San Francisco.
  • President Donald Trump reportedly shared "apparently classified” information about US nuclear submarines with an Australian businessman at his private Mar-a-Lago club in Florida.
  • Treasury Secretary Janet Yellen will depart Sunday on a nine-day international trip to advocate for the Biden administration’s plans to reform multinational development banks and drum up support for additional measures to curb Russia’s oil revenue.
  • The US and European Union are expected to announce a short-term deal on a steel and aluminium agreement on October 20.
  • Poll of the Day: President Biden's approval rating has continued to slump.
Full article: US Daily Brief

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