US: MNI POLITICAL RISK - Congress To Recess With Shutdown Looming
Feb-15 13:11
- The House of Representatives is set to depart this afternoon on a two-week recess. If the House returns on Feb 28, as scheduled, lawmakers will have three days to prevent a partial government shutdown.
- A bipartisan group of House Reps could release an alternative foreign policy aid and border security package as soon as today.
- Washington was temporarily plunged into a state of panic yesterday when House Intelligence Committee Chair Rep Mike Turner (R-OH) issued a cryptic statement warning of an unspecified national security threat. Multiple outlets later reported that the threat has been known for a number of weeks and is likely related to intelligence suggesting Russia is developing nuclear weapons which could be deployed in space.
- Treasury Secretary Janet Yellen told reporters in Detroit yesterday that she has discussed the potential seizure of Russian assets with European leaders.
- The US has intercepted an Iranian ship carrying advanced weaponry to Houthi-controlled areas of Yemen, according to CENTCOM.
- Former President Donald Trump will appear in court again today as he attempts to stall the four criminal cases against him until after the presidential election in November.
- IRS Commissioner Danny Wefel will appear in front of the House Ways and Means Committee today.
- A bipartisan redistricting commission in New York is set to draw a Congressional map today which could be determine control of the House in November.
- Poll of the Day: Former Governor Larry Hogan is polling strongly after his late entry into the Maryland Senate race.
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EQUITIES: Single EU Bank Option - Soc Gen
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EU: MEPs Threaten Commission w/Censure Over Unfrozen Hungary Funds
Jan-16 13:01
MEPs from a number of political groups in the European Parliament have come to an agreement on a draft compromise resolution that would raise the prospect of a legal challenge being brought against the European Commission in relation to the unfreezing of EUR10.2bn of cohesion funding destined for Hungary. MEPs from the far-left 'The Left in the European Parliament', green/regionalist Greens-European Free Alliance, centre-left Socialists and Democrats, liberal Renew Europe, and centre-right European People's Party agreed on the draft text earlier today.
- Daniel Freund, an MEP from the German Greens posts on X: "European Parliament negotiators agree to take necessary steps for a lawsuit against the EU-Commission. We will challenge the unfreezing of 10 billion Euros of EU funds for Hungary. The December deal with Orban was dirty - not based on actual reform efforts in HU."
- The Guardian reports that the draft text, "recalls the possibility for the European parliament to use any legal and political measures at its disposal, if the Commission releases funding without criteria being fulfilled or if it fails to ensure the full implementation of the relevant legislation...”
- The Commission remains in a difficult position vis-a-vis Hungary. PM Viktor Orban's veto on Ukraine aid risks dealing a major blow to Kyiv's ability to continue fighting Russia's invasion, and as such the unfreezing of funds for Budapest is seen as one route to avoiding further vetoes.
