MNI POLITICAL RISK - Trump Tested By Escalation On Two Fronts

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Executive summary:

• President Donald Trump will receive an intelligence briefing at 11:30 ET 16:30 BST before hosting a dinner in the White House Rose Garden at 19:00 ET 00:00 BST.
• Trump's intel briefing may be a consequential one, considering major developments in Qatar yesterday and Poland overnight. Both of which could compel shifts in US foreign policy.
• At 10:00 ET 15:00 BST, the Senate Banking Committee will vote on the nomination of CEA Chair Stephen Miran to the Federal Reserve’s Board of Governors. The Committee is expected to vote in favour of Miran’s nomination, teeing up a full Senate vote next week that will confirm Miran to the Fed board in time for the September FOMC meeting.
• A federal judge granted a preliminary injunction blocking Trump from firing Fed Governor Lisa Cook. 
• White House officials said BLS pay revisions prove Trump was correct to raise concerns about the reliability of official economic data.
• The Supreme Court agreed to fast-track hearing a case challenging Trump’s tariffs.
• The Trump administration is looking to tap billions of dollars in revenue by taking a stake in patents.
• A bipartisan group of House lawmakers will travel to China this month. 
• House Speaker Mike Johnson’s (R-LA) razor-thin majority in the House shrank again.
• The White House greenlit government funding negotiations but the shutdown risk remains elevated.  
• Poll of the Day: Trump continues to get poor marks on his handling of the economy.

Please find the full article attached below: US DAILY BRIEF