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MNI POLITICAL RISK - Senate Passes 'Plan B' Budget Resolution

Daily round-up of news from the US.
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Executive summary: 

  • President Donald Trump will meet bilaterally at the White House with French President Emmanuel Macron on Monday and UK Prime Minister Keir Starmer on Thursday.
  • The Senate passed its ‘skinny’ budget resolution after a 10-hour ‘vote-a-rama’, laying the groundwork for a USD$342 billion defence/border security/energy reconciliation bill that will operate as a 'Plan B' if the House can’t pass its competing resolution for a mammoth package to cover the bulk of Trump’s agenda.
  • Congress appears certain to need another short-term funding measure to avert a government shutdown on March 15. A Continuing Resolution has been long-anticipated after bipartisan talks on a topline spending number stalled.
  • In a narrow vote, the Senate confirmed Kash Patel to serve as FBI Director, rounding out a hardline team of Trump loyalists atop the intelligence and national security apparatus.
  • Elon Musk suggested in remarks to the Conservative Political Action Conference that his Department of Government Efficiency (DOGE) could audit the Federal Reserve.
  • The FTC appears set to retain strict merger rules under Trump.
  • Former Senate Republican Leader Mitch McConnell (R-KY) confirmed that he won’t seek re-election in 2026.
  • Washington has delivered Kyiv an "improved" draft of a minerals agreement that Ukrainian President Volodymyr Zelenskyy rejected this week.
  • Poll of the Day: There has been a “near-complete reversal” in the overall Economic Confidence Index score for Republicans and Democrats since Trump assumed office. 

Please find the full article attached below: US Daily Brief

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Executive summary: 

  • President Donald Trump will meet bilaterally at the White House with French President Emmanuel Macron on Monday and UK Prime Minister Keir Starmer on Thursday.
  • The Senate passed its ‘skinny’ budget resolution after a 10-hour ‘vote-a-rama’, laying the groundwork for a USD$342 billion defence/border security/energy reconciliation bill that will operate as a 'Plan B' if the House can’t pass its competing resolution for a mammoth package to cover the bulk of Trump’s agenda.
  • Congress appears certain to need another short-term funding measure to avert a government shutdown on March 15. A Continuing Resolution has been long-anticipated after bipartisan talks on a topline spending number stalled.
  • In a narrow vote, the Senate confirmed Kash Patel to serve as FBI Director, rounding out a hardline team of Trump loyalists atop the intelligence and national security apparatus.
  • Elon Musk suggested in remarks to the Conservative Political Action Conference that his Department of Government Efficiency (DOGE) could audit the Federal Reserve.
  • The FTC appears set to retain strict merger rules under Trump.
  • Former Senate Republican Leader Mitch McConnell (R-KY) confirmed that he won’t seek re-election in 2026.
  • Washington has delivered Kyiv an "improved" draft of a minerals agreement that Ukrainian President Volodymyr Zelenskyy rejected this week.
  • Poll of the Day: There has been a “near-complete reversal” in the overall Economic Confidence Index score for Republicans and Democrats since Trump assumed office. 

Please find the full article attached below: US Daily Brief