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MNI POLITICAL RISK - UKR Aid At Risk After Failed Senate Vote

Executive Summary:

  • Senate Republicans yesterday blocked a procedural vote on President Biden’s national security supplemental package, despite a last-minute bid from the President to shame Republicans into action from his White House pulpit. With the long-shot Senate bid quashed, the bill’s future rests upon uncertain backroom Senate negotiations on a US-Mexico border package.
  • Banking CEOs yesterday urged Senators to stop the Biden administration’s ‘Basel Endgame’ proposed changes to banking regulation.
  • Former Speaker Kevin McCarthy (R-CA) confirmed yesterday he will retire from Congress at the end of the year. McCarthy's departure, and a special election for the New York seat of expelled former Rep George Santos, could shrink the GOP majority to just two votes.
  • The final Republican presidential debate of the 2023 did little to impact a race dominated by former President Donald Trump.
  • The Biden administration yesterday announced new sanctions on Mexican nationals associated with the Beltan Leyva criminal organisation as it seeks to expand cooperation with the Mexican government to tackle the flow of narcotics into the United States, a major political vulnerability for Democrats in 2024. Treasury Secretary Janet Yellen will meet Mexican President Andres Manuel Lopez Obrador today to conclude her three-day trip.
  • G7 leaders yesterday announced a new ban on Russian diamonds and pledged to step up efforts to prevent circumvention of sanctions and export controls measures.
  • Poll of the Day: Voter views on the economy align more closely with the Republican Party than with the Democratic Party.

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