MNI POLITICAL RISK - Shutdown Set To Continue Into Next Week

Oct-03 11:51By: Adam Burrowes
Congress+ 7

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Executive summary:

  • A ceremony to swear in the US Ambassador to Sweden is the only item in President Donald Trump's diary. He is expected to be active on social media, and ad hoc public remarks to the press are possible.
  • Day Three of the US government shutdown. Senate Majority Leader John Thune (R-SD) is expected to hold a fourth vote on the GOP and competing Democratic funding bills at around 13:30 ET 18:30 BST. If the votes fail, as expected, Thune is likely to recess the chamber until Monday. 
  • White House Press Secretary Karoline Leavitt will reiterate that Democrats are to blame for the shutdown during a presser at 13:00 ET 18:00 BST. Senate Majority Leader John Thune (R-SD) and House Speaker Mike Johnson (R-LA) are unlikely to unveil any change in shutdown strategy at an 11:00 ET 16:00 BST presser.
  • Treasury Secretary Scott Bessent expects a “pretty big breakthrough” during a fifth round of trade talks with his Chinese counterpart later this month. Trump is considering a USD$10 billion bailout for farmers; Beijing sees agricultural imports as a negotiating chip in trade talks. 
  • Trump informed Congress that the US is in an ‘armed conflict’ with drug cartels. 
  • Ukrainian officials are offering drone technology to the US as part of a weapons 'megadeal'.
  • Hamas is expected to respond to Trump’s plan to end the war in Gaza “very soon.”
  • Poll of the Day: Pessimism about the US economy continues to rise. 

Please find the full article attached below: US DAILY BRIEF