MNI POLITICAL RISK-No Progress On Border Ahead Of Ukraine Vote

Executive Summary:

• Senate Majority Leader Chuck Schumer (D-NY) will hold a procedural vote today on the Senate version of President Biden’s national security supplemental funding request. The bill will almost certainly be blocked by Senate Republicans as it contains no provisions to overhaul border policy after bipartisan negotiations collapsed.
• House conservatives may be prepared to soften their position on FY24 topline spending amid a struggle to pass partisan spending bills. The House GOP topline number could be released as soon as this week.
• 09:00 ET 14:00 GMT: Reforms of banks' capital requirements will be in focus when CEOs from some of the world’s largest banks will provide testimony to the Senate Banking Committee today.
• Treasury Secretary Janet Yellen has struck back at economists who were sceptical of Biden administration predictions of a soft landing.
• Four candidates have qualified for the fourth Republican Presidential debate set to take place in Tuscaloosa, Alabama this evening.
• The Western price cap on Russian oil has failed to sufficiently restrict Russia’s oil revenue due to, “gaping loopholes,” according to new analysis.
• Secretary of Defense Lloyd Austin and Swedish Defense Minister Pål Jonson yesterday signed a Defense Cooperation Agreement (DCA), as Sweden’s NATO membership bid awaits ratification from Turkey and Hungary.
• Poll of the Day: Holiday spending estimates buck voter pessimism on the economy.

Please find the full article attached below:

MNIPOLRISKUSDaily061223.pdf