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MNI POLITICAL RISK - US Drafts ISR-Hamas Ceasefire Resolution

US
  • The US has drafted an Israel-Hamas ceasefire resolution to counter a proposal from Algeria, backed by Arab countries, which is expected to come in front of the United Nations Security Council today.
  • The domestic reaction to the Biden administration’s position on Israel will be in the spotlight next week when Michigan votes in the Democratic presidential primary. Michigan’s large Arab and Muslim-American population, the vast majority of whom voted for Biden in 2020, may be critical to determining the winner of the November’s presidential election.
  • President Biden told reporters yesterday he would be "happy" to meet with House Speaker Mike Johnson (R-LA) to discuss the USD$95 billion foreign aid bill which has stalled in the House of Representatives, "if he has anything to say."
  • Biden holds a significant cash advantage over former President Donald Trump as the latter contends with the costs of his various legal bills.
  • The Biden administration is expected to relax rules for the country’s switch to electric vehicles as the market fails to transition to EVs as quickly as the White House had anticipated.
  • 2.7 million workers are predicted leave the workforce in a surprise second wave of retirements.
  • Domestic semiconductor investment is flagging ahead of November’s general election where Democrats had hoped to highlight a manufacturing boom sparked by the Biden administration's industrial policy.
  • Poll of the Day: Biden has strengthened slightly against former President Donald Trump in the crucial swing state of Pennsylvania.
Full article: US Daily Brief
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EM BulletHomepagePolitical Market NewsPolitical RiskCommoditiesEmerging Market NewsEnergy BulletsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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