Executive summary:
- President Donald Trump will make an unspecified announcement in the Oval Office at 14:30 ET 19:30 GMT.
- A speech by Treasury Secretary Scott Bessent will kick off the NYT DealBook Summit today.
- Dell CEO Michael Dell announced a USD$6.25 billion plan to seed ‘Trump accounts’ for children.
- Trump said he has narrowed his shortlist for Fed Chair down to one. He later more explicitly singled out NEC Director Kevin Hassett.
- Trump had a “great talk” with Brazilian President Luiz Inacio Lula da Silva about sanctions, raising optimism for a trade deal.
- Public hearings on the USMCA get underway today amid concerns the Trump administration could announce its withdrawal from the deal as a negotiating tactic ahead of next year's mandatory review.
- Democrats are touting a narrow special election loss in Tennessee as another step toward retaking the House in 2026.
- House Republicans are eying floor votes on energy permitting next week.
- House Speaker Mike Johnson (R-LA) is facing a rebellion that could torpedo the must-pass Pentagon bill.
- No compromises were reached after five hours of talks between Special Envoy Steve Witkoff and Russian President Vladimir Putin in Moscow. Secretary of State Marco Rubio's no-show at today's NATO summit is a worrying sign for Kyiv's European allies.
- Rubio appeared to throw cold water on striking a deal with Venezuelan President Nicolas Maduro.
- Poll of the Day: Republicans are sceptical of Trump's plan to end the Ukraine war.
Please find the full article attached below: US DAILY BRIEF