MNI POLITICAL RISK - Trump Meets Mamdani

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Executive summary:

• At 15:00 ET 20:00 GMT, President Donald Trump will meet with New York City Mayor-elect Zohran Mamdani in the Oval Office. 
• House Republicans are working on legislation that would prevent states from crafting their own AI regulation.
• House Financial Services Chair French Hill (R-AK) blocked a bipartisan Senate plan to include an affordable housing package in the must-pass annual Pentagon bill.
• Republican senators are lobbying Trump to support a short-term extension of Obamacare subsidies, fearing a midterm wipeout in 2026.
• Trump expanded tariff relief to cover a raft of Brazilian agricultural exports.
• US Army Secretary Daniel Driscoll presented Ukrainian President Volodymyr Zelenskyy with a 21-point peace plan to end the Ukraine war. The plan calls for major concessions from Kyiv but is sweetened with a NATO-like security guarantee, backed by the US.
• US sanctions on Russian oil majors Lukoil and Rosneft took effect today.
• The Trump administration has proposed a plan to open federal waters off the California coast to new oil and gas leasing for the first time in four decades.
• US banks have shelved a USD$20 billion assistance package for Argentina.
• House Democrats are introducing new legislation to halt Trump's military operations against Venezuela.
• The Departments of State and Treasury announced new sanctions on Iran.
• Poll of the Day: Trump’s approval rating on inflation has plunged to a new low.

Please find the full article attached below: US DAILY BRIEF