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MNI POLITICAL RISK - Senate Stays In DC To Work On Border Bill

US
  • House Speaker Mike Johnson (R-LA) yesterday dismissed House Representatives from Washington, rejecting a request from Senate Majority Leader Chuck Schumer (D-NY) to keep lawmakers in town while the upper chamber works on a US-Mexico border policy overhaul central to unlocking aid to Ukraine and Israel.
  • As Congress wraps up its "least productive legislative year since at least 1973," observers are looking to the next looming government funding crisis. The House returns to session on January 9, providing 10 days to legislate and reconcile the first four FY24 bills before hitting into the first shutdown deadline.
  • President Biden is expected to today sign into law the National Defense Authorization Act. The annual Pentagon spending bill is a traditionally frictionless process but this year became a hyperpartisan battleground reflective of the 118th Congress at large.
  • The US is steering Israel towards a lower intensity phase of its war with Hamas.
  • The Financial Stability Oversight Council yesterday released its 2023 annual report which, “reviews financial market developments, describes potential emerging threats to U.S. financial stability, identifies vulnerabilities in the financial system, and makes recommendations to mitigate those threats and vulnerabilities.”
  • Treasury Secretary Janet Yellen gave a speech yesterday outlining her 2024 policy framework for the US-China economic relationship.
  • Poll of the Day: More than 60% of adults believe Democracy could be at risk at next year's presidential election.
Full article: US Daily Brief
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