US: MNI POLITICAL RISK - Schumer Provides Cover To Avert Shutdown

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• President Donald Trump will today take the rare step of visiting the Department of Justice in person. He will deliver remarks at the agency at 15:00 ET 19:00 GMT.
• Analysts are calibrating the Trump administration’s tolerance for short-term market volatility in pursuit of their long-term economic goals.
• Senate Minority Leader Chuck Schumer (D-NY) reversed his opposition to the House-passed government funding bill, lowering the risk of a government shutdown tomorrow.
• Trump indicated to GOP senators that he supports their plan to use a ‘current policy baseline’ to cost making the 2017 Tax Cuts and Jobs Act permanent at $0.
• Trump’s 2024 co-campaign manager Chris LaCivita said on tariffs and market volatility: “There's a lot of shock therapy going on right now. It’s very fast. It’s a lot. It's literally ripping the bandaid off.”
• Secretary of State Marco Rubio has another challenging day of G7 meetings ahead of him today in Charlevoix, Canada.
• Russian President Vladimir Putin did not rule out supporting a US-brokered ceasefire for the Ukraine war, but added a list of conditions that Kyiv may find impossible to accept.
• Senator John Cornyn (R-TX) kicked off debate on how a GOP-controlled Congress will approach China policy.
• Poll of the Day: The share of Americans who expect the economy to be in bad shape a year from now is up 7 points since Trump's inauguration. 

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