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MNI POLITICAL RISK - Trump Relegates Senate Budget To Plan B

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

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Executive summary:

  • President Donald Trump has two speaking engagments today and Press Secretary Karoline Leavitt will brief reporters with ‘senior White House officials’. All three events are likely to include market-moving news.
  • Senate will hold a 'vote-a-rama' on its ‘skinny’ budget resolution today, despite an intervention from Trump in favour of the House budget plan. Although Trump’s statement hasn't resolved the long-term standoff over strategy, the Senate plan is now widely viewed as the backstop.
  • Trump dramatically escalated a feud with Ukrainian President Volodymyr Zelenskyy, calling him a "dictator without elections". National Security Advisor Mike Waltz told Fox News this morning that Zelenskyy should “tone down” criticism of the US, “take a hard look at that mineral deal and sign it.”
  • Vice President JD Vance asserted that US policy now requires Ukrainian elections, a move that could delay a resolution to the conflict and provide an opening for Kremlin interference.
  • British Prime Minister Keir Starmer and French President Emmanuel Macron will hold talks with Trump at the White House next week.
  • EU Trade Commissioner, Maros Šefčovič, indicated the EU is prepared to cut tariffs to avert a trade war.
  • Trump is reportedly looking at a new trade deal with China.
  • Treasury Secretary Scott Bessent and Secretary of State Marco Rubio are boycotting G20 meetings amid a diplomatic spat with South Africa.
  • Poll of the Day:CEO confidence rose to its highest level in three years.

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • President Donald Trump has two speaking engagments today and Press Secretary Karoline Leavitt will brief reporters with ‘senior White House officials’. All three events are likely to include market-moving news.
  • Senate will hold a 'vote-a-rama' on its ‘skinny’ budget resolution today, despite an intervention from Trump in favour of the House budget plan. Although Trump’s statement hasn't resolved the long-term standoff over strategy, the Senate plan is now widely viewed as the backstop.
  • Trump dramatically escalated a feud with Ukrainian President Volodymyr Zelenskyy, calling him a "dictator without elections". National Security Advisor Mike Waltz told Fox News this morning that Zelenskyy should “tone down” criticism of the US, “take a hard look at that mineral deal and sign it.”
  • Vice President JD Vance asserted that US policy now requires Ukrainian elections, a move that could delay a resolution to the conflict and provide an opening for Kremlin interference.
  • British Prime Minister Keir Starmer and French President Emmanuel Macron will hold talks with Trump at the White House next week.
  • EU Trade Commissioner, Maros Šefčovič, indicated the EU is prepared to cut tariffs to avert a trade war.
  • Trump is reportedly looking at a new trade deal with China.
  • Treasury Secretary Scott Bessent and Secretary of State Marco Rubio are boycotting G20 meetings amid a diplomatic spat with South Africa.
  • Poll of the Day:CEO confidence rose to its highest level in three years.

Please find the full article attached below: US DAILY BRIEF