US: MNI POLITICAL RISK - House Passes "One Big Beautiful Bill"

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• At 16:30 ET 21:30 BST, President Donald Trump will participate in a White House ‘swearing-in’ ceremony for SEC chair Paul Atkins.
• Trump noted yesterday that he will attend Pope Francis’ funeral in Rome - A first international trip that will give world leaders a rare chance for face time with Trump.
• The IMF will unveil its first World Economic Outlook since Trump returned to office at 09:00 ET 14:00 BST.
• VP Vance and negotiator Steve Witkoff are expected to meet the Qatari PM today to discuss the Middle East.
• Trump is backing Defense Secretary Pete Hegseth amid another escalation in the Signal controversy and reports of "chaos" at the Pentagon.
• US stock markets slumped again after Trump escalated rhetoric towards Fed Chair Jerome Powell. Trump’s comments came after economic adviser Kevin Hassett said that Trump was “studying” if Powell could be fired.
• Trump provided some clarity on actions considered “non-tariff cheating”.
• Delegations from South Korea, India, and Thailand will meet Trump officials this week, with India emerging as a possible trade win.
• The Treasury Department is expected to send Congress its X-date projection next week.
• The White House is expected to send a $9.3 billion recissions package to Congress this week.
• The US, UK, France, and Ukraine will hold Ukraine war talks in London on Wednesday.
• Poll of the Day: Trump’s approval remains relatively stable this week.

Full Article: US DAILY BRIEF

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• Broad General Collateral Rate (BGCR): 4.32% (+0.01), volume: $1.027T
• Tri-Party General Collateral Rate (TCR): 4.32% (+0.01), volume: $987B
• (rate, volume levels reflect prior session)

• 19,750 SFRZ5 96.75/97.00/97.12 broken call flys ref 96.57