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MNI POLITICAL RISK - Trump Verdict Muddies Election Outlook

Daily roundup of news from the US.

Executive Summary:

  • A jury in New York found former President Donald Trump guilty of all 34 felony charges on the falsification of business records brought by Manhattan District Attorney Alvin Bragg. We have a full roundup of the likely impacts of the verdict inside.
  • House Republicans intend to start bringing Fiscal Year 2025 spending bills to the floor next week. The process - opening with Military Construction-VA, a bill with relatively little partisan disagreement - will provide a temperature check on the Republican conference after the acrimony of FY2024.
  • The Biden administration has lifted some restrictions on Ukraine using US-supplied weapons to strike targets within Russia - reversing a long-held position.
  • President Biden will host Belgian Prime Minister Alexander De Croo at the White House today. The meeting could be consequential for US plans to “creatively” use revenue derived from immobilised Russian sovereign assets to fund Ukraine, the majority of which are frozen in Belgium’s Euroclear.
  • US Secretary of Defence Lloyd Austin and his Chinese counterpart Admiral Dong Jun met in Singapore on the sidelines of the IISS' Shangri-La Dialogue for their first in-person meeting.
  • Poll of the Day: The number of Americans describing economic condition as “excellent” or “good” hit the lowest figure since December 2023.

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Executive Summary:

  • A jury in New York found former President Donald Trump guilty of all 34 felony charges on the falsification of business records brought by Manhattan District Attorney Alvin Bragg. We have a full roundup of the likely impacts of the verdict inside.
  • House Republicans intend to start bringing Fiscal Year 2025 spending bills to the floor next week. The process - opening with Military Construction-VA, a bill with relatively little partisan disagreement - will provide a temperature check on the Republican conference after the acrimony of FY2024.
  • The Biden administration has lifted some restrictions on Ukraine using US-supplied weapons to strike targets within Russia - reversing a long-held position.
  • President Biden will host Belgian Prime Minister Alexander De Croo at the White House today. The meeting could be consequential for US plans to “creatively” use revenue derived from immobilised Russian sovereign assets to fund Ukraine, the majority of which are frozen in Belgium’s Euroclear.
  • US Secretary of Defence Lloyd Austin and his Chinese counterpart Admiral Dong Jun met in Singapore on the sidelines of the IISS' Shangri-La Dialogue for their first in-person meeting.
  • Poll of the Day: The number of Americans describing economic condition as “excellent” or “good” hit the lowest figure since December 2023.

Please find the full article attached below:

Keep reading...Show less