MNI POLITICAL RISK - Trump Delivers Crushing Victory In Iowa

Executive Summary:

• The Senate is expected to begin voting today on a bipartisan Continuing Resolution to fund the federal government for an additional 40 days and prevent a government shutdown on January 20. We have a roundup of the next steps inside.
• Former President Donald Trump has delivered a crushing victory in the Iowa caucuses, winning 98 of the 99 Iowa districts and picking up over 50% of the total vote. Florida Governor Ron DeSantis (R-FL) and former South Carolina governor Nikki Haley remain committed to the race but the prospect of a competitive primary is low.
• Congressional negotiators have reached a deal on a roughly USD$80 billion package which would expand child tax credits and reverse restrictions on three business tax breaks.
• Tension continue to increase in the Middle East after a series of Iranian missile strikes and another suspected Houthi attack on a vessel in the Red Sea.
• White House National Security Adviser Jake Sullivan will deliver a speech today at the World Economic Forum in Davos, Switzerland, on the Biden administration's strategy in the Middle East, Ukraine, and on US-China competition.
• The Senate Foreign Relations Committee will vote today on a resolution introduced by Senator Bernie Sanders (I-VT) which would compel the US State Department to issue a statement on how US-supplied weapons are being used by Israel.
• Poll of the Day: President Biden's approval rating has cratered to, "a low for any president in the past 15 years."

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MNIPOLRISKUSDaily160124.pdf