MNI POLITICAL RISK - The US Military Strikes Targets In Yemen

Executive Summary:

• Overnight, the US and UK, backed by a coalition of international partners, including the Netherlands, Australia, Canada, and Bahrain, carried out dozens on airstrikes on Houthi military targets in Yemen, fulfilling a threat that failure to curb attacks on commercial shipping in the Red Sea would elicit ‘consequences’ for the Iran-backed Houthis.
• The risk of a partial government shutdown on January 20 ticked up again yesterday after members of the conservative House Freedom Caucus emerged from a meeting with House Speaker Mike Johnson (R-LA) expressing optimism that Johnson will abandon a topline spending agreement with Senate Majority Leader Chuck Schumer (D-NY).
• Senate Minority Leader Mitch McConnell (R-KY) has upped his advocacy for President Biden’s USD$110 billion national security supplemental funding request arguing that the parlous state of global security necessitates greater US engagement.
• The first voting of the 2024 presidential election kicks-off with the Iowa caucuses on Monday, January 15. At stake: 40 delegates to the Republican National Convention in Milwaukee this summer.
• Former President Donald Trump yesterday delivered an unexpected closing statement at the conclusion of his civil fraud trial in New York City.
• United States Trade Representative Katherine Tai will today co-chair the 14th Ministerial-level meeting of the United States-India Trade Policy Forum in New Delhi, India.
• Poll of the Day: Trump holds a commanding lead in the polls heading into the Iowa caucuses.

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MNIPOLRISKUSDaily120124.pdf