MNI POLITICAL RISK - Trump's Fundraising Streak Continues

Executive Summary:

• Former President Donald Trump’s barnstorming fundraising streak has continued, almost entirely erasing that the huge campaign financing advantage President Biden has enjoyed for most of the year.
• A group of Senate Democrats agreed yesterday that Senate Majority Leader Chuck Schumer (D-NY) should force a vote on the bipartisan tax bill which overwhelmingly passed the House in January.
• The Treasury Department concluded in their semi-annual currency report that no major US trading partner appeared to have manipulated its currency last year, but seven countries - China, Japan, Malaysia, Singapore, Taiwan, Vietnam, and Germany -are on Treasury’s “Monitoring List.”
• The Supreme Court yesterday upheld a major piece of the 2017 Tax Cuts and Jobs Act, ruling against a conservative-backed bid widely seen as an attempt pre-emptively block Congress from ever adopting a wealth tax.
• US intelligence officials believe that China has no clear preference between Trump and Biden, according to a Bloomberg report.
• The US has further relaxed restrictions on how Ukraine can use US-supplied weapons, allowing Kyiv more scope to strike targets within the Russian Federation.
• Trump leading in six swing states that Biden won in 2020 and tied with Biden in Minnesota – a state which the GOP hasn’t won since 1972, according to a new poll.
• Poll of the Day: President Biden, “has taken a lead among “double-haters” in recent months, but the presidential race “remains a toss-up.”

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MNIPOLRISKUSDaily210624.pdf