MNI POLITICAL RISK - Trump Hosts Rutte Amid NATO Uncertainty

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Executive summary:

• President Donald Trump will host NATO Secretary General Mark Rutte at the White House today. The pair are not scheduled to appear for a joint press conference, but reporters will be present at the top for a Q&A at around 12:20 ET 16:20 GMT.
• Trump announced a 200% tariff on EU alcoholic beverages in response to the bloc's countermeasures against his 25% global metals tariff.
• Commerce Secretary Howard Lutnick and USTR Jamieson Greer will meet today with Canadian officials angling for an offramp to this week’s trade war escalation.
• The chance of a government shutdown ticked up after Senate Minority Leader Chuck Schumer (D-NY) said Democrat senators should withhold their votes from the House-passed full-year funding measure.
• Bipartisan critics of the Senate Republican plan to use a “current policy baseline” to extend the 2017 TJCA warn the move could break the Senate and balloon the national debt.
• The White House director of legislative affairs said the White House is open to raising the debt limit outside of budget reconciliation.
• The Senate Banking Committee will mark up its first cryptocurrency bill.
• Trump is set to nominate Michelle Bowman as Wall Street's 'top cop'.
• Secretary of State Marco Rubio is in for a frosty reception at a G7 meeting in Canada today.
• Senate Republicans expressed doubt that Russia will back the Ukraine ceasefire framework.
• Poll of the Day: 48% of Americans think the economy is getting worse.

Please find the full article attached below: US DAILY BRIEF