MNI POLITICAL RISK - Jeffries Makes GOP Wait For OBBB Vote

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Executive summary:

• President Donald Trump will receive an intelligence briefing in the morning before meeting with a freed US-Israeli hostage. Trump will then head to Iowa to kick off a year-long celebration of U independence.
• Overnight, House Speaker Mike Johnson (R-LA) broke a procedural deadlock to put the House on a glide path to passing the OBBB. The final vote is likely to come as soon as House Minority Leader Hakeem Jeffries (D-NY) concludes a speech on the floor (he’s been going for over three hours).
• Passing the bill will be a major win for Trump. But there are warning signs ahead, with poor polling and a lukewarm response from MAGA-aligned economists.
• Trump announced a trade deal with Vietnam that addresses Chinese 'transshipment'.
• The US and Japan appear no closer to a trade agreement amid reports that Japanese negotiators miscalculated Trump’s priorities.
• Trump trumpeted FHFA head Bill Pulte's call for Fed Chair Jerome Powell to resign.
• The US has relaxed some restrictions on chip sales to China. Samsung is delaying a semiconductor factory in Texas.
• A Republican Ukraine-backer has called for an emergency briefing on the pause of air defence missiles to Ukraine.
• Israel's FM said there “positive signs” of a new US-brokered Gaza ceasefire.
• The Pentagon claimed bombing campaigns set back Iran’s nuclear programme by up to two years.
• Poll of the Day: Voters now agree: It’s Trump’s economy.

Please find the full article attached below: US DAILY BRIEF