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MNI POLITICAL RISK - Votes On FY24 Package Expected Friday

US
  • 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.
Full article: US Daily Brief
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Metals bulletEM BulletHomepagePolitical Market NewsCommoditiesEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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