Free Trial

MNI POLITICAL RISK - Votes On FY24 Package Expected Friday

Executive Summary:

  • Congressional leaders released the 1,012-page text of a minibus package to fund the outstanding six government agencies for fiscal year 2024 at around 03:00 ET this morning. The package totals USD$1.2 trillion and covers roughly three quarters of discretionary government spending.
  • House Speaker Mike Johnson (R-LA) is expected to waive an informal House Republican rule which allows lawmakers 72-hours to read legislation and hold a vote on Friday, leaving little time for the Senate to clear the package before a partial government shutdown kicks in at midnight.
  • 10:00 ET 14:00 GMT: Treasury Secretary Janet Yellen will testify to the Senate Finance Committee today on President Biden’s FY25 budget request.
  • White House National Security Advisor Jake Sullivan made a surprise visit to Kyiv yesterday to assure Ukrainian President Volodymyr Zelenskyy that new funds for Ukraine’s war effort will be approved by Congress.
  • The USD$78 billion bipartisan tax bill appears on the brink of collapse after a Republican policy meeting yesterday.
  • The United Steelworkers have formally endorsed US President Joe Biden's re-election bid.
  • The Senate is unlikely to move quickly on the House-passed TikTok bill despite a classified briefing yesterday from national security officials.
  • The Department of Justice is preparing to sue tech giant Apple as soon as today.
  • Poll of the Day: Hogan's strong polling in Maryland creates headaches for Democrats.

Please find the full article attached below:

MNIPOLRISKUSDaily210324.pdf

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.