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MNI POLITICAL RISK - The Senate Plan To Avert A Govt Shutdown

Executive Summary:

  • Congress returns today with four days to prevent a government shutdown. The Senate will begin work today on a short-term Continuing Resolution designed to coopt support from moderate Republicans.
  • House Speaker Kevin McCarthy (R-CA) would like to be working on his own CR but, under pressure from conservatives, he has been strong-armed into attempting to pass all 12 FY24 spending bills.
  • The Senate CR is likely to include little or no new cash for Ukraine. Should the CR pass, the next time Congress considers Ukraine funding it will be part of a much larger full-year supplemental package.
  • President Biden will take a hefty political risk today when he heads to Detroit to appear in solidarity with United Auto Workers.
  • Senator Bob Menendez (D-NJ) has pledged to fight for his Senate seat but his removal from the Senate Foreign Relations Committee may open the door to a more dovish approach to Turkey and Iran.
  • Seven Republican hopefuls have qualified for the second GOP presidential debate.
  • The first shipment of US M1 Abrams tanks arrived in Ukraine today, months ahead of schedule.
  • Poll of the Day: President Biden's approval rating continues to plunge.

Please find the full article attached below:

MNIPOLRISKUSDaily260923.pdf

Political Market NewsPolitical Risk
Political Market NewsPolitical Risk

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