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MNI POLITICAL RISK - House Takes Initiative After Budget Vote

Daily round-up of news from the US.

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Executive summary: 

  • 11:00 ET 16:00 GMT: US President Donald Trump will convene the first Cabinet meeting of his second term. 
  • House Speaker Mike Johnson (R-LA) scored a major win yesterday, passing a budget resolution that will underpin a mammoth reconciliation bill covering the bulk of President Donald Trump’s agenda.
  • The House vote will ease some concerns from the Senate, but there are still major obstacles to a final package, namely the Senate's position that a tax package must make the TCJA permanent.
  • Republican leaders will meet today to discuss the March 14 government funding deadline. In response to the House budget vote, the implied probability of a government shutdown decreased slightly but the overall risk remains elevated.
  • CBC reports that “North America-wide tariffs are not a done deal", citing a White House clarification on Trump's Monday comments.
  • Trump ordered the Commerce Department and USTR to examine tariffs on all copper imports.
  • Markets are braced for Nvidia’s Q4 earnings report – the first since DeepSeek disrupted the Artificial Intelligence sector. 
  • Ukrainian President Volodymyr Zelenskyy will visit the White House on Friday to meet with President Trump and sign a deal to share mineral revenue with the US.
  • The Senate voted 54-44 yesterday to undo a Biden-era rule limiting offshore drilling.
  • Republicans are likely to shield the bulk of Biden’s clean energy investments.
  • Poll of the Day:80% of Americans believe tariffs will lead to increased prices.

Please find the full article attached below: US DAILY BRIEF

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Executive summary: 

  • 11:00 ET 16:00 GMT: US President Donald Trump will convene the first Cabinet meeting of his second term. 
  • House Speaker Mike Johnson (R-LA) scored a major win yesterday, passing a budget resolution that will underpin a mammoth reconciliation bill covering the bulk of President Donald Trump’s agenda.
  • The House vote will ease some concerns from the Senate, but there are still major obstacles to a final package, namely the Senate's position that a tax package must make the TCJA permanent.
  • Republican leaders will meet today to discuss the March 14 government funding deadline. In response to the House budget vote, the implied probability of a government shutdown decreased slightly but the overall risk remains elevated.
  • CBC reports that “North America-wide tariffs are not a done deal", citing a White House clarification on Trump's Monday comments.
  • Trump ordered the Commerce Department and USTR to examine tariffs on all copper imports.
  • Markets are braced for Nvidia’s Q4 earnings report – the first since DeepSeek disrupted the Artificial Intelligence sector. 
  • Ukrainian President Volodymyr Zelenskyy will visit the White House on Friday to meet with President Trump and sign a deal to share mineral revenue with the US.
  • The Senate voted 54-44 yesterday to undo a Biden-era rule limiting offshore drilling.
  • Republicans are likely to shield the bulk of Biden’s clean energy investments.
  • Poll of the Day:80% of Americans believe tariffs will lead to increased prices.

Please find the full article attached below: US DAILY BRIEF