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MNI POLITICAL RISK - Trump Complicates Reconcilliation Plans

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

Executive summary:

  • President Donald Trump delivered a keynote address at the House Republican policy retreat yesterday that did little to ease the pressure on House Speaker Mike Johnson (R-LA). Trump declined to stake out a firm position on legislative strategy and committed to pricey campaign pledges that Congress will struggle to offset in their reconciliation budget. We have a full round-up of the status of Trump's agenda inside.
  • Today, the House GOP conference will hear an address from Vice President JD Vance, who may act as a useful intermediary between the House and Senate as the two chambers look to resolve a standoff over strategy. 
  • The White House Office of Management and Budget issued a memo yesterday putting potentially trillions of dollars of federal spending on hold. The funding pause is scheduled to come into effect at 17:00 ET 22:00 GMT today.
  • This week will be another test of Trump’s influence over Senate Republicans, with three of his most divisive nominees facing Senate nomination hearings.
  • Trump's strategic ambiguity on tariff implementation is keeping markets on edge, following conflicting reports on the scope of universal tariffs from Trump and his Treasury Secretary, Scott Bessent.
  • Trump said the disruptive emergence of Chinese firm DeepSeek’s artificial intelligence model should be a “wake-up call” for American companies.
  • Trump’s energy strategy may not compel energy firms to significantly increase oil and gas production.
  • Poll of the Day: Economic confidence dipped slightly in January. 

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • President Donald Trump delivered a keynote address at the House Republican policy retreat yesterday that did little to ease the pressure on House Speaker Mike Johnson (R-LA). Trump declined to stake out a firm position on legislative strategy and committed to pricey campaign pledges that Congress will struggle to offset in their reconciliation budget. We have a full round-up of the status of Trump's agenda inside.
  • Today, the House GOP conference will hear an address from Vice President JD Vance, who may act as a useful intermediary between the House and Senate as the two chambers look to resolve a standoff over strategy. 
  • The White House Office of Management and Budget issued a memo yesterday putting potentially trillions of dollars of federal spending on hold. The funding pause is scheduled to come into effect at 17:00 ET 22:00 GMT today.
  • This week will be another test of Trump’s influence over Senate Republicans, with three of his most divisive nominees facing Senate nomination hearings.
  • Trump's strategic ambiguity on tariff implementation is keeping markets on edge, following conflicting reports on the scope of universal tariffs from Trump and his Treasury Secretary, Scott Bessent.
  • Trump said the disruptive emergence of Chinese firm DeepSeek’s artificial intelligence model should be a “wake-up call” for American companies.
  • Trump’s energy strategy may not compel energy firms to significantly increase oil and gas production.
  • Poll of the Day: Economic confidence dipped slightly in January. 

Please find the full article attached below: US DAILY BRIEF