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MNI POLITICAL RISK - Johnson Braces For Uncertain Budget Vote

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

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Executive summary:

  • House Speaker Mike Johnson’s (R-LA) balancing act between the moderate and conservative wings of his conference comes to a head today as he attempts to force through his multi-trillion-dollar budget resolution.
  • The odds of a government shutdown on March 15 has ticked up as Congress grapples with another Continuing Resolution.
  • President Trump told reporters yesterday that his proposed tariffs on Canada and Mexico will “go forward”.
  • Trump administration is reportedly preparing to expand Biden-era restrictions on China's semiconductor industry.
  • The White House Office of Personnel Management issued a rebuke of Elon Musk’s efforts to reform the federal bureaucracy. The White House pushback may be at least partially informed by a slide in Trump’s approval.
  • Trump touted an investment pledge from Apple as a win for his trade policy.
  • The US joined with Moscow in opposing a United Nations resolution condemning Russia for the war in Ukraine. The UN session came as Trump and Putin signalled closer economic cooperation.
  • Putin and Chinese President Xi Jinping reaffirmed their close relationship yesterday, a blow to Trump if his Ukraine strategy was designed to drive a wedge between Moscow and Beijing.
  • A ‘Washington insider’ said that the African Growth and Opportunity Act (AGOA) trade deal is “80% dead”, ahead of its renewal date in September.
  • Poll of the Day:Nearly half of Trump voters think wealthy individuals pay too little tax.

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • House Speaker Mike Johnson’s (R-LA) balancing act between the moderate and conservative wings of his conference comes to a head today as he attempts to force through his multi-trillion-dollar budget resolution.
  • The odds of a government shutdown on March 15 has ticked up as Congress grapples with another Continuing Resolution.
  • President Trump told reporters yesterday that his proposed tariffs on Canada and Mexico will “go forward”.
  • Trump administration is reportedly preparing to expand Biden-era restrictions on China's semiconductor industry.
  • The White House Office of Personnel Management issued a rebuke of Elon Musk’s efforts to reform the federal bureaucracy. The White House pushback may be at least partially informed by a slide in Trump’s approval.
  • Trump touted an investment pledge from Apple as a win for his trade policy.
  • The US joined with Moscow in opposing a United Nations resolution condemning Russia for the war in Ukraine. The UN session came as Trump and Putin signalled closer economic cooperation.
  • Putin and Chinese President Xi Jinping reaffirmed their close relationship yesterday, a blow to Trump if his Ukraine strategy was designed to drive a wedge between Moscow and Beijing.
  • A ‘Washington insider’ said that the African Growth and Opportunity Act (AGOA) trade deal is “80% dead”, ahead of its renewal date in September.
  • Poll of the Day:Nearly half of Trump voters think wealthy individuals pay too little tax.

Please find the full article attached below: US DAILY BRIEF