MNI POLITICAL RISK - Risk Of Extended Govt Shutdown Increases

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Executive summary:

• President Donald Trump has a medical in the morning before delivering an unspecified announcement at 17:00 ET 22:00 BST.
• The Gaza ceasefire went into effect this morning. Trump will be leaving "fairly soon" for the Middle East, where he is expected to attend a signing of the agreement in Egypt.
• The list of candidates for Fed chair has reportedly been whittled down to five, with NEC Director Kevin Hassett remaining the favourite.
• BLS employees have been recalled to assemble the September CPI report.
• Day 10 of the US government shutdown, and lawmakers appear no closer to a deal on reopening the government. Senate Majority Leader John Thune (R-SD) recessed the Senate until Tuesday after a seventh failed funding vote. The implied probability of a month-plus shutdown has risen to 36%. As the shutdown drags on, there are likely to be more calls for Thune to deploy the so-called ‘nuclear option’ to remove the Senate filibuster. 
• China and the US levied tit-for-tat port fees.
• The Senate approved its version of the USD$925 billion Pentagon funding bill.
• A Chicago issued a temporary block on the deployment of National Guard troops in Illinois.
• Treasury Secretary Bessent touted upcoming legislation to raise the limits on deposit insurance caps. Bessent announced the US has started action to stabilise the Argentinian economy.
• The Treasury Department announced new sanctions on Iran.
• Poll of the Day: Americans blame both Republicans and Democrats for the government shutdown.

Please find the full article attached below: US DAILY BRIEF