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MNI POLITICAL RISK - Speaker Johnson Faces Test On NatSec Bill

Executive Summary:

  • Early this morning, the Senate passed the USD$95 billion national security package after a marathon voting session which saw 22 Republican Senators vote with Democrats to overcome a conservative Republican talking filibuster. The package now faces an uncertain fate in the House where foreign aid and border security have polarised an already dysfunctional chamber.
  • President Biden appeared alongside King Abdullah II of Jordan yesterday to urge movement on a short-term ceasefire agreement between Israel and Hamas and publicly affirm support for a Palestinian state.
  • New York's third Congressional district will vote today to fill the vacant House seat of expelled former rep George Santos. The special election will provide the first hard data of the cycle.
  • Washington lobbyists are “getting anxious” about the USD$78 billion Wyden-Smith bipartisan tax bill.
  • Former President Donald Trump has submitted a motion to the Supreme Court to overturn a DC ruling against his immunity from prosecution. He has a hectic week ahead with two key rulings in New York expected.
  • House Speaker Mike Johnson (R-LA) is expected to re-run his vote to impeach Homeland Security Secretary Alejandro Mayorkas today after House Majority Leader Steve Scalise’s (R-LA) return to Congress following cancer treatment.
  • The Biden administration sees no signs that Venezuela is preparing to undertake a military operation against Guyana.
  • Poll of the Day: Households’ perceptions and expectations of their financial conditions and credit availability have improved.

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