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MNI POLITICAL RISK- Schumer Moves On $106b NatSec Supplemental

Executive Summary:

  • Senate Majority Leader Chuck Schumer (D-NY) has announced his intention to legislate President Biden’s USD$106 billion national security supplemental funding package in its entirety next week. Schumer likely believes that by moving first he can ratchet-up pressure on inexperienced House Speaker Mike Johnson (R-LA) and squeeze Senate negotiators to reach a compromise on the US-Mexico border.
  • President Biden told reporters yesterday that he would support an extension of the truce between Israel and Hamas, “as long as prisoners keep coming out,” but cautioned, “this is a day-by-day approach, hour-by-hour process.”
  • Biden has returned from Thanksgiving with a new message on 'Bidenomics'. Today he will announce measures to bolster supply chains which the White House argues will address a primary driver of inflation – Biden’s most critical political vulnerability.
  • A record number of Congressional retirements appears more likely to favour Republicans than Democrats.
  • Federally indicated House Rep George Santos (R-NY) has acknowledged his likely impending expulsion from Congress.
  • Secretary of State Antony Blinken arrives in Brussels today for two-days of meeting designed to drum up support for Ukraine and discuss the NATO summit in July.
  • Argentina’s president-elect, Javier Milei, is in the United States for meetings with US Treasury officials, the White House, and the IMF.
  • Poll of the Day: Biden’s polling slump sees him lose ground against President Trump in 2024 hypotheticals matchups.

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