MNI POLITICAL RISK - Schumer Eyes "Plan B" For Ukraine Aid

Executive Summary:

• Yesterday saw a remarkable failure of governance in Congress with the implosion of a Senate border security deal and successive failed votes in the House on impeaching DHS Secretary Alejandro Mayorkas and aid to Israel.
• Senate Majority Leader Chuck Schumer (D-NY) looks set to press ahead today with a "Plan B" to legislate aid for Ukraine that looks a lot like the original supplemental request Biden made in September before border security was thrown into the mix. If the supplemental package makes it through the Senate, there is a narrow, but improbable, pathway through the House via a discharge petition.
• President Biden called a press conference yesterday to blame Trump for torpedoing the border deal, foreshadowing a months-long struggle for control of the narrative on border policy.
• The Treasury Department and IRS released new analysis yesterday, “showing the high return on the Inflation Reduction Act (IRA) investment in rebuilding and modernizing the IRS.”
• Secretary of State Antony Blinken will discuss Hamas’ response to a ceasefire proposal with the Israeli government today.
• Senate Republican tax writers are “sour” on the tax bill which sailed through the House last week.
• The DC Circuit Court of Appeals ruled unanimously yesterday that former President Donald Trump is not immune from prosecution in cases related to the 2020 presidential election.
• Former South Carolina Governor Nikki Haley yesterday lost the inconsequential Nevada Republican presidential primary to “none of these candidates.”
• Poll of the Day: Democrat support amongst Black voters continues to drop.

Please find the full article attached below:

MNIPOLRISKUSDaily070224.pdf