Free Trial

MNI POLITICAL RISK - Shutdown Fears Ease After WH Meeting

Daily roundup of new from the US.

Executive Summary:

  • President Biden, Vice President Kamala Harris, and a large national security team which included CIA Director Bill Burns, met with the four leaders of Congress at the White House yesterday to discuss averting a government shutdown and passage of a USD$95 billion foreign aid bill which includes USD$60 in new funds for Ukraine.
  • Attendees expressed cautious optimism that a partial government shutdown can be avoided when funding for four government agencies expiries at midnight on Friday. A fourth Continuing Resolution of the Fiscal Year is expected to pass Congress ahead of the deadline, punting funding into mid-March but pressure on House Speaker Mike Johnson (R-LA) remains acute.
  • After the confab, Johnson told reporters that he will address Ukraine funding in a "timely manner" but again stressed that his first priority is border security leaving no clear pathway for the foreign aid package.
  • Support from former President Donald Trump may ease Senate passage of the House-passed USD$78 billion bipartisan tax bill.
  • Biden and Trump comfortably won their respective Michigan presidential primaries yesterday but the vote exposed vulnerabilities for both.
  • After three consecutive months of gains, the Conference Board Consumer Confidence Index dropped in February.
  • US and South Korean troops will hold their annual Freedom Shield military drills next week amid escalating tensions on the Korean Peninsula.
  • Poll of the Day: Trump's approval rating has increased while Biden's stagnates.

Please find the full article attached below:

Keep reading...Show less
236 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Executive Summary:

  • President Biden, Vice President Kamala Harris, and a large national security team which included CIA Director Bill Burns, met with the four leaders of Congress at the White House yesterday to discuss averting a government shutdown and passage of a USD$95 billion foreign aid bill which includes USD$60 in new funds for Ukraine.
  • Attendees expressed cautious optimism that a partial government shutdown can be avoided when funding for four government agencies expiries at midnight on Friday. A fourth Continuing Resolution of the Fiscal Year is expected to pass Congress ahead of the deadline, punting funding into mid-March but pressure on House Speaker Mike Johnson (R-LA) remains acute.
  • After the confab, Johnson told reporters that he will address Ukraine funding in a "timely manner" but again stressed that his first priority is border security leaving no clear pathway for the foreign aid package.
  • Support from former President Donald Trump may ease Senate passage of the House-passed USD$78 billion bipartisan tax bill.
  • Biden and Trump comfortably won their respective Michigan presidential primaries yesterday but the vote exposed vulnerabilities for both.
  • After three consecutive months of gains, the Conference Board Consumer Confidence Index dropped in February.
  • US and South Korean troops will hold their annual Freedom Shield military drills next week amid escalating tensions on the Korean Peninsula.
  • Poll of the Day: Trump's approval rating has increased while Biden's stagnates.

Please find the full article attached below:

Keep reading...Show less