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MNI POLITICAL RISK - Risk Of Wider War Rises After Iran Attack

Daily roundup of news from the US.

Political RiskPolitical Market News

Executive Summary:

  • The Biden Administration has advised Israel against escalation with Iran after the US military, in concert with Israeli and British forces, successfully repelled over 300 drones, cruise missiles, and ballistic missiles fired from Iran.
  • The Iranian attack could compel House Speaker Mike Johnson (R-LA), to fast-track consideration of the supplemental aid package which includes new aid for Israel, Ukraine, and other US allies.
  • Johnson has three likely options: 1) He can pass a standalone Israel aid bill; 2) he can hold a vote on the USD$95 billion Senate-passed supplemental package; 3) he can attempt to pass a revised House-drafted national security supplemental which includes the new additions. All three options entail risk and could end in his ouster.
  • Jury selection in former President Donald Trump’s ‘hush money’ criminal trial begins in Manhattan, New York today – kicking off what could be the only one of four criminal cases against Trump to take place before the presidential election.
  • Treasury Secretary Janet Yellen told CNN yesterday that the US wouldn’t take “anything off the table" in response to China’s manufacturing overcapacity.
  • The US has announced a USD$6.4 billion grant for tech giant Samsung to expand advanced semiconductor manufacturing facilities in Austin, Texas.
  • White House National Security Advisor Jake Sullivan will travel to India next week where he may lay the groundwork for Biden to attend a Quad leaders' summit in the country.
  • Poll of the Day: Biden has erased Trump's early polling advantage.

Please find the full article attached below:

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Executive Summary:

  • The Biden Administration has advised Israel against escalation with Iran after the US military, in concert with Israeli and British forces, successfully repelled over 300 drones, cruise missiles, and ballistic missiles fired from Iran.
  • The Iranian attack could compel House Speaker Mike Johnson (R-LA), to fast-track consideration of the supplemental aid package which includes new aid for Israel, Ukraine, and other US allies.
  • Johnson has three likely options: 1) He can pass a standalone Israel aid bill; 2) he can hold a vote on the USD$95 billion Senate-passed supplemental package; 3) he can attempt to pass a revised House-drafted national security supplemental which includes the new additions. All three options entail risk and could end in his ouster.
  • Jury selection in former President Donald Trump’s ‘hush money’ criminal trial begins in Manhattan, New York today – kicking off what could be the only one of four criminal cases against Trump to take place before the presidential election.
  • Treasury Secretary Janet Yellen told CNN yesterday that the US wouldn’t take “anything off the table" in response to China’s manufacturing overcapacity.
  • The US has announced a USD$6.4 billion grant for tech giant Samsung to expand advanced semiconductor manufacturing facilities in Austin, Texas.
  • White House National Security Advisor Jake Sullivan will travel to India next week where he may lay the groundwork for Biden to attend a Quad leaders' summit in the country.
  • Poll of the Day: Biden has erased Trump's early polling advantage.

Please find the full article attached below:

Keep reading...Show less