US: MNI POLITICAL RISK - 'Big Beautiful Bill' Strains GOP Unity

Download Full Report Here

• President Donald Trump, in the UAE on his third state visit in three days, is expected to announce another multi-billion-dollar investment pledge in the United States. The announcement is likely to focus on AI and chips.
• EU Trade Chief Maros Sefcovic said he agreed to "intensify engagement" with Commerce Secretary Howard Lutnick.
• USTR Jamieson Greer met his Chinese counterpart on the margins of an APEC meeting in South Korea.
• Trump told reporters India has made an offer to drop tariffs on US goods, but New Delhi has signalled "a shift from defense to offense".
• Three key House committees advanced their portions of the ‘Big Beautiful Bill', including the 389-page tax bill that forms the centrepiece of Trump's domestic agenda.
• House Speaker Mike Johnson (R-LA) will hold a series of meetings today to convince warring GOP factions to drop their objections to the reconciliation package, ahead of a vote next week.
• The Senate is unlikely to take up a landmark crypto bill this week.
• Trump, applying pressure on Russian President Vladimir Putin, again suggested that he could adjust his Middle East schedule to include a stop in Turkey tomorrow if Ukraine peace talks appear likely and “appropriate”. Putin's no-show in Turkey could force Washington into retaliatory action.
• Trump told reporters his team is "close" to a new nuclear accord with Iran.
• Poll of the Day: Americans disapprove of Trump's handling of most issues.

Full Article: US DAILY BRIEF