Free Trial

MNI POLITICAL RISK - US Daily Brief

US
  • President Biden will meet Congressional leaders for a debt limit summit at the White House tomorrow but time to strike a deal is tight with both chambers of Congress only in session together for four days ahead of the Treasury's June 1 ‘X-date.’
  • President Biden is scheduled to depart Washington for Japan on Wednesday, but the White House has indicated that Biden’s subsequent travel to Australia and Papua New Guinea may be cut, if progress isn’t made at White House talks tomorrow.
  • Biden appeared to concede for the first time that 'negotiations' are now taking place in upbeat remarks to reporters yesterday. "It never is good to characterize a negotiation in the middle of a negotiation,” Biden said.
  • Senate Majority Leader Chuck Schumer (D-NY) may advance the nomination of Labor Secretary candidate Julie Su, as soon as this week.
  • US Ambassador to South Africa, Reuben Brigety, has apologised for claiming that South Africa covertly sold weapons to Russia.
  • There is only USD$6b left in the Ukraine assistance fund, potentially teeing up a Congressional showdown in the summer.
  • Poll of the Day: President Biden’s poor run of approval continues.
Full Article: US Daily Brief

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.