Free Trial

MNI POLITICAL RISK - USD$80B Tax Bill Set For House Vote Today

Executive Summary:

  • Remaining optimism for a border security package is evaporating in the face of opposition from House Speaker Mike Johnson (R-LA) and the Trump-aligned faction in Congress.
  • The Middle East is awaiting the US response to the killing of three of its service personnel at a Jordanian outpost on Sunday.
  • House Speaker Mike Johnson (R-LA) appears set to bring the roughly USD$80 billion bipartisan, and bicameral, tax deal up for a vote today after overcoming a rebellion from moderate ‘blue-state’ Republicans.
  • The Illinois election board voted unanimously to keep former President Donald Trump on the state’s primary ballot ahead of next week’s Supreme Court arguments on his eligibility to hold office.
  • The House Homeland Security Committee voted 18-15, along party lines, yesterday to advance the impeachment of DHS Secretary Alejandro Mayorkas.
  • NATO Secretary General Jens Stoltenberg will deliver a speech today at the Heritage Foundation - a conservative think tank that’s closely aligned with Trump. He will also meet Congressional leaders, including Speaker Johnson, on Capitol Hill and argue that supporting Ukraine is, “an investment in our own security.”
  • A new US-made longer-range bomb could arrive in Ukraine as soon as today.
  • Poll of the Day: President Biden continues to poll unfavourably against former President Donald Trump in key swing states.

Please find the full article attached below:


To read the full story



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.