MNI POLITICAL RISK - Democrats Discuss Shutdown Strategy

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Executive summary:

• President Donald Trump will make an Oval Office announcement at 11:00 ET 16:00 GMT. The announcement is likely related to a new obesity drug pricing scheme.
• At 18:00 ET 23:00 GMT, Trump will meet with the leaders of Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, and Tajikistan for a first-ever White House summit of the C5+1 diplomatic format, with energy and minerals high on the agenda.
• It’s Day 37 of the US government shutdown. Optimism earlier in the week that a handful of centrist Senate Democrats were preparing to strike a deal to reopen the government ebbed yesterday after the ‘blue wave’ performance at Tuesday’s elections bolstered Democrats’ leverage.
• Democratic Senators are scheduled to meet later today for a special caucus meeting to discuss shutdown strategy. The meeting is likely to determine whether the centrist group maintains the shutdown or seeks an offramp.
• The implied probability of President Trump winning the Supreme Court case probing the legality of his so-called Liberation Day tariffs dropped yesterday after justices across the bench expressed scepticism at his use of emergency powers to impose the levies.
• Democratic Senators Tim Kaine (D-VA) and Adam Schiff (D-CA) could force a vote on their war powers resolution as soon as today. The resolution would require congressional approval for any future strikes within Venezuela or additional strikes on alleged Venezuelan drug boats.
• Poll of the Day: 74% of the public is in favour of extending enhanced ACA tax credits. 

Please find the full article attached below: US DAILY BRIEF