MNI POLITICAL RISK - Govt Shutdown Day 7: Impasse Continues

Download Full Report Here

Executive summary:

• President Donald Trump will greet Canadian Prime Minister Mark Carney at 11:30 ET 16:30 BST. The meeting is unlikely to yield any breakthroughs on trade or tariff relief.
• Fed governor Stephen Miran will speak at two conferences today. Trump will host his eighth Cabinet meeting on Thursday.
• Treasury Secretary Scott Bessent skirted the Senate by tapping Frank Bisignano as 'CEO' of the IRS.
• Day Seven of the US government shutdown. There is no sign of a resolution, although Trump cracked the door open to negotiations over Obamacare subsidies. Senate Democrats blocked the GOP’s funding bill yesterday evening, for the fifth time. If Majority Leader Thune (R-SD) runs the vote again today, the same result is expected.
• Furloughed federal workers may not be guaranteed shutdown backpay. NEC Director Kevin Hassett said the shutdown will show up in the GDP number.
• Trump previewed a new 25% tariff on trucks. A call with his Brazilian counterpart suggests Trump may be looking to de-escalate trade tensions with Brasilia.
• National Guard troops could arrive in Chicago as soon as today.
• Israeli and Hamas officials continue indirect ceasefire talks in Egypt.
• Trump called off diplomacy with Venezuela, signalling a potential military escalation.
• Trump will meet Finnish President Alexander Stubb on Thursday. Stubb said last week it is only a matter of time before Trump takes action to penalise Russia. Trump edges closer to approving long-range missiles to Kyiv.
• Poll of the Day: US adults increasingly support more US military aid to Ukraine. 

Please find the full article attached below: US DAILY BRIEF