MNI POLITICAL RISK - Thune Jams Democrats With Pentagon Bill

Oct-16 12:29By: Adam Burrowes
US+ 12

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Executive summary:

  • President Donald Trump will receive an intelligence briefing in the morning before making an announcement in the Oval Office at 15:00 ET 20:00 BST.
  • It’s Day 16 of the US government shutdown, and there is no end in sight. Senate Majority Leader John Thune (R-SD) will hold a tenth vote on the House-passed November 21 funding bill at 11:00 ET 16:00 BST and then try a new strategy by jamming Democrats with a procedural vote on the annual Pentagon spending bill at 13:30 ET 18:30 BST. 
  • NEC Director Kevin Hassett said Artificial Intelligence will fuel growth without inflation.
  • Treasury Secretary Scott Bessent suggested that the US-China trade truce could be extended if China halts new export controls on rare earths. 
  • Trump told reporters that Indian Prime Minister Narendra Modi has committed to stopping the purchase of Russian oil.
  • Bessent said South Korea and the US can resolve differences over Seoul’s $350 billion investment pledge.
  • Bessent doubled pledged economic assistance for Argentina to USD$40 billion. 
  • 200 US troops have arrived in Israel to oversee the next phase of the Gaza peace deal amid uncertainty over a multinational stabilisation force and the mechanism to enforce the disarmament of Hamas. 
  • Defense Secretary Pete Hegseth made his most hawkish comments yet on Russia ahead of Trump's meeting with Ukrainian President Volodymyr Zelenskyy.
  • Trump threatened military strikes on Venezuelan soil.
  • Poll of the Day: CEO confidence dropped.

Please find the full article attached below: US DAILY BRIEF