MNI POLITICAL RISK - Senate Set To Pass Foreign Aid Package

Executive Summary:

• Senate Majority Leader Chuck Schumer (D-NY) has confirmed that the Senate will vote on the USD$95 billion four-bill package for Ukraine, Israel, and the Indo-Pacific at around 13:00 ET 18:00 BST on Tuesday.
• Some political uncertainty persists as the House awaits hardline Republican Rep Marjorie Taylor Greene's (R-GA) decision on forcing a vote to oust House Speaker Mike Johnson (R-LA).
• The Kremlin has sought to downplay the significance of the new Ukraine funds but ratcheted up nuclear rhetoric and warned of retaliation if the US pursues seizing frozen Russian assets.
• A rocket attack on a US military base in Northeastern Syria – the first attack on US forces in the region since early February - appears to have punctured an uneasy détente between the US and Iranian proxies.
• President Biden will today announce USD$7 billion in grants for solar energy projects, and an expansion to his “New Deal-style” green jobs program.
• Former President Donald Trump will today hear the prosecution argument against him in the New York ‘hush money’ presented in a courthouse for the first.
• Secretary of State Antony Blinken’s April 24-26 trip to China comes as Congress looks set to approve a forced divestiture of TikTok - A move which could compel retaliatory measures on US tech firms.
• The Biden administration’s LNG export pause could impact Biden’s re-election campaign in Pennsylvania - a critical swing state which employs around 72,000 workers in its gas industry.
• Poll of the Day: Biden receives two positive polling signals.

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MNIPOLRISKUSDaily220424.pdf