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MNI POLITICAL RISK - Congress Turns Attention To Govt Funding

Daily round-up of news from the US.
StoryPolitical Risk

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Executive summary:

  • House Speaker Mike Johnson (R-LA) and President Donald Trump may have scored a major win in the House by forcing through a budget blueprint but the more challenging work of drafting a reconciliation package lies ahead.
  • Johnson believes he can find a government funding solution without Democrat support - a major break from recent funding cycles.
  • 10:00 ET 15:00 GMT: The Senate Banking Committee will hold a nomination hearing for Stephen Miran - a key ideologue of the Trump administration’s trade and economic agenda - to be chair of the White House Council of Economic Advisors. 
  • Trump raised optimism that Mexico and Canada could avoid tariffs on March 4, saying they could take effect on April 2. Trump separately floated a 25% "reciprocal" tariff on European autos and other goods. 
  • The White House Offices of Management and Budget and Personnel issued a directive to federal departments yesterday mandating layoffs and restructuring of government agencies.
  • US and Russian officials met today for a second high-profile diplomatic summit. Russian President Vladimir Putin said this morning that “first contacts” with the Trump administration “inspire hope”. 
  • Trump will meet bilaterally with UK Prime Minister Keir Starmer at the White House today. 
  • The IAEA warned that Iran has "significantly increased" its stockpile of highly enriched uranium.  
  • Poll of the Day: There has been a record surge in Republican satisfaction with the state of the nation. 

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • House Speaker Mike Johnson (R-LA) and President Donald Trump may have scored a major win in the House by forcing through a budget blueprint but the more challenging work of drafting a reconciliation package lies ahead.
  • Johnson believes he can find a government funding solution without Democrat support - a major break from recent funding cycles.
  • 10:00 ET 15:00 GMT: The Senate Banking Committee will hold a nomination hearing for Stephen Miran - a key ideologue of the Trump administration’s trade and economic agenda - to be chair of the White House Council of Economic Advisors. 
  • Trump raised optimism that Mexico and Canada could avoid tariffs on March 4, saying they could take effect on April 2. Trump separately floated a 25% "reciprocal" tariff on European autos and other goods. 
  • The White House Offices of Management and Budget and Personnel issued a directive to federal departments yesterday mandating layoffs and restructuring of government agencies.
  • US and Russian officials met today for a second high-profile diplomatic summit. Russian President Vladimir Putin said this morning that “first contacts” with the Trump administration “inspire hope”. 
  • Trump will meet bilaterally with UK Prime Minister Keir Starmer at the White House today. 
  • The IAEA warned that Iran has "significantly increased" its stockpile of highly enriched uranium.  
  • Poll of the Day: There has been a record surge in Republican satisfaction with the state of the nation. 

Please find the full article attached below: US DAILY BRIEF