MNI POLITICAL RISK - Risk Of Govt Shutdown In October Rises

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Executive summary:

• President Donald Trump will receive an intelligence briefing this morning, likely to focus on Gaza and options for sanctions on Russia. 
• Trump imposed unilateral tariffs on eight trading partners, set to take effect on August 1: Brazil (50%), Algeria (30%), Libya (30%), Sri Lanka (30%), Iraq (30%), Moldova (25%), Brunei (25%), and the Philippines (20%). Brazil's tariff letter broke Trump's template, explicitly linking tariffs to domestic politics and leaving Brasilia with no obvious pathway to a lower rate.
• Trump said Tuesday that the EU would receive a tariff letter in two days, suggesting the bloc could be hit with a unilateral tariff rate today.
• An Indian delegation will travel to Washington in the coming days to continue trade talks that have been complicated by Trump's recent criticism of BRICS.
• Trump confirmed a 50% tariff on copper imports that he announced earlier this week will take effect on August 1.
• Senator Bernie Moreno (R-OH) is expanding a Senate campaign aimed at pressuring Fed Chair Jerome Powell to resign.
• Senate Minority Leader Chuck Schumer (D-NY) is taking a hard line on FY2026 funding, increasing the risk of a government shutdown on September 30.
• Trump downplayed the prospect of an imminent ceasefire in Gaza.
• The Senate could vote on a punitive new Russia sanction package as soon as this month.
• Poll of the Day: Americans see AI as more disruptive than previous technological advancements.

Please find the full article attached below: US DAILY BRIEF