MNI POLITICAL RISK - Trump Relegates Senate Budget To Plan B

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Executive summary:

• President Donald Trump has two speaking engagments today and Press Secretary Karoline Leavitt will brief reporters with ‘senior White House officials’. All three events are likely to include market-moving news.
• Senate will hold a 'vote-a-rama' on its ‘skinny’ budget resolution today, despite an intervention from Trump in favour of the House budget plan. Although Trump’s statement hasn't resolved the long-term standoff over strategy, the Senate plan is now widely viewed as the backstop.
• Trump dramatically escalated a feud with Ukrainian President Volodymyr Zelenskyy, calling him a "dictator without elections". National Security Advisor Mike Waltz told Fox News this morning that Zelenskyy should “tone down” criticism of the US, “take a hard look at that mineral deal and sign it.”
• Vice President JD Vance asserted that US policy now requires Ukrainian elections, a move that could delay a resolution to the conflict and provide an opening for Kremlin interference.
• British Prime Minister Keir Starmer and French President Emmanuel Macron will hold talks with Trump at the White House next week.
• EU Trade Commissioner, Maros Šefčovič, indicated the EU is prepared to cut tariffs to avert a trade war.
• Trump is reportedly looking at a new trade deal with China.
• Treasury Secretary Scott Bessent and Secretary of State Marco Rubio are boycotting G20 meetings amid a diplomatic spat with South Africa.
• Poll of the Day: CEO confidence rose to its highest level in three years.

Please find the full article attached below: US DAILY BRIEF