March 21, 2025 13:19 GMT
MNI POLITICAL RISK- Fresh Scrutiny For Trump Over Musk's Role
Daily round-up of news from the US.
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Executive summary:
- President Donald Trump signed Executive Orders directing his Education Secretary to close the Department of Education and boost the production of critical minerals in the US.
- At 11:00 ET 15:00 GMT, Trump is scheduled to deliver remarks alongside Defence Secretary Pete Hegseth as the latter pledges to overhaul Pentagon spending and restructure combat command abroad.
- Trump is under additional scrutiny amid reports the Pentagon will brief Elon Musk on top-secret plans for China.
- White House officials are reviewing federal agencies' downsizing plans ahead of mass firings of government workers in the coming weeks.
- Markets may next week have a firmer idea of the so-called X-date when the federal government hits the debt ceiling.
- The Senate Banking Committee will hold a hearing on March 27 to hear testimony from Paul Atkins, Trump’s nominee to lead the Securities and Exchange Commission.
- Treasury Secretary Scott Bessent told the Financial Stability Oversight Council yesterday he intends to prioritize regulation that fosters innovation and supports economic growth.
- US officials will lead "proximity" talks between Ukraine and Russia at a hotel in Riyadh, Saudi Arabia on Monday, March 24.
- Senator Steve Daines (R-MT), a key Trump ally in the Senate, is expected to travel to China next week.
- An Iran nuclear deal has become "slightly more plausible” after Tehran acknowledged the “opportunities” of dealing with Trump.
- Chart of the Day:Unemployment expectation surges.
Please find the full article attached below: US DAILY BRIEF
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