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MNI POLITICAL RISK - House GOP Closes Gap On Budget Resolution

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

Executive summary:

  • President Donald Trump met at the White House yesterday with various House Republican factions, including the hardline House Freedom Caucus and blue-state moderates who want to increase the State and Local Tax Deduction cap.
  • House Speaker Mike Johnson (R-LA) told reporters he hopes to have a budget resolution marked up by Tuesday to open the reconciliation process on Trump's agenda.
  • Japanese Prime Minister Shigeru Ishiba will today become the second foreign leader to meet President Trump at the White House. The pair will sit for a bilateral meeting in the morning before appearing for a joint press conference. The meeting is expected to focus on economic issues, Trump’s concerns about Japan’s defence spending, and joint action to counter China in the Indo-Pacific.
  • The Senate voted 53-47 yesterday to confirm Russell Vought to lead the White House Office and Management of Budget, a department that is at the centre of Trump’s plans to expand the power of the executive.
  • Trump’s nominee to serve as United States Trade Representative, Jamieson Greer, told lawmakers “universal tariffs should be studied and considered to see if it can reduce US trade deficits.” 
  • Indian Prime Minister Narendra Modi will travel to the United States next week for bilateral talks with President Trump.
  • Chart of the Day: The volume of US shipping through the Panama Canal vastly outstrips other nations. Trump and Panamanian President Jose Raul Mulino are expected to speak today. 

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • President Donald Trump met at the White House yesterday with various House Republican factions, including the hardline House Freedom Caucus and blue-state moderates who want to increase the State and Local Tax Deduction cap.
  • House Speaker Mike Johnson (R-LA) told reporters he hopes to have a budget resolution marked up by Tuesday to open the reconciliation process on Trump's agenda.
  • Japanese Prime Minister Shigeru Ishiba will today become the second foreign leader to meet President Trump at the White House. The pair will sit for a bilateral meeting in the morning before appearing for a joint press conference. The meeting is expected to focus on economic issues, Trump’s concerns about Japan’s defence spending, and joint action to counter China in the Indo-Pacific.
  • The Senate voted 53-47 yesterday to confirm Russell Vought to lead the White House Office and Management of Budget, a department that is at the centre of Trump’s plans to expand the power of the executive.
  • Trump’s nominee to serve as United States Trade Representative, Jamieson Greer, told lawmakers “universal tariffs should be studied and considered to see if it can reduce US trade deficits.” 
  • Indian Prime Minister Narendra Modi will travel to the United States next week for bilateral talks with President Trump.
  • Chart of the Day: The volume of US shipping through the Panama Canal vastly outstrips other nations. Trump and Panamanian President Jose Raul Mulino are expected to speak today. 

Please find the full article attached below: US DAILY BRIEF