MNI POLITICAL RISK - Senate Looks To Unveil Megabill This Week

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Executive summary:

• President Donald Trump has no public events scheduled for a second successive day. Trump is expected to continue outreach to wavering Republican Senators on the 'One Big Beautiful Bill'.
• SEC Commissioner Paul Atkins will testify today to the Senate on Trump’s FY26 budget request.   
• The Trump administration has reportedly circulated a letter to trading partners seeking their best offer by Wednesday.
• Commerce Secretary Howard Lutnick is “very optimistic” about striking a trade deal with India in the coming weeks.
• USTR Jamieson Greer is expected to meet the European Trade Commissioner tomorrow - the same day as Trump’s planned doubling of steel and aluminium tariffs.
• The OECD cut its global growth forecast, citing trade uncertainty.
• Senate Majority Leader John Thune (R-SD) hopes to release his text of the GOP megabill as soon as this week. Senate committees could start rolling out their portions of the bill today.
• The White House is expected to send Congress its first package of rescissions today.
• The so-called ‘TACO Trade’ could be instructive for determining Trump’s foreign policy.
• Pressure has increased on Trump to authorise Russia sanctions after a second round of Ukraine talks saw little progress towards a ceasefire.
• A new US-Iran nuclear accord looks in doubt after Trump appeared to nix a compromise on Tehran’s enrichment programme.
• Poll of the Day: Voters trust Trump but have concerns about current economic conditions. 

Please find the full article attached below: US DAILY BRIEF