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MNI POLITICAL RISK - US Daily Brief

US
  • Congressional leaders met with President Biden at the White House yesterday for a second round of debt-ceiling crisis talks. The meeting failed to deliver legislation, but the principals hinted at the emergence of a deal and House Speaker Kevin McCarthy (R-CA) appears on the brink of a consequential political victory which could set a precedent for future debt limit negotiations. Full analysis inside.
  • Biden will depart today on a truncated Indo-Pacific trip. He will attend the G7 Leaders’ Summit in Hiroshima and hold a bilat with Japanese Prime Minister Fumio Kishida, but he will scrap the second leg of the trip to Australia and Papua New Guinea in order to continue talks with McCarthy.
  • Blinken restated yesterday that the US for is for “de-risking and diversifying, not decoupling” with China.
  • A group of nearly 50 House Democrats have introduced a resolution to expel Rep. George Santos (R-NY) from Congress.
  • Former Vice President Mike Pence continues to lay the groundwork for a presidential campaign.
  • Poll of the Day: A strong majority of voters across the political spectrum say that a default would be a “major” problem for the US.
Full Article: US Daily Brief
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USEM BulletHomepagePolitical Market NewsBank of Japan (BOJ) Market NewsCommoditiesEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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