Executive summary:
- President Donald Trump is back in Washington after a one-day trip to the Middle East to tout the implementation of Phase One of the US-brokered Gaza peace plan. Trump suggested his regional peace initiative could be extended to Iran.
- At 13:15 ET 18:15 BST, Trump will meet Argentine President Javier Milei for a bilateral lunch. The pair are expected to formally announce a USD$20 billion economic lifeline to bolster Milei ahead of midterm elections on October 26.
- Day 14 of the US government shutdown. Senate Majority Leader John Thune (R-SD) is expected to hold an eighth, likely doomed, vote on the House-passed government funding bill at around 17:30 ET 22:30 BST.
- The government shutdown could extend into next month, with the White House taking steps to ensure military personnel and law enforcement officers get paid and benefits programmes can maintain payouts.
- The US and China continue to ramp up trade tensions despite a conciliatory turn from Trump over the weekend. New port fees are now in place, Beijing sanctioned US units of a Korean shipping giant, and new US tariffs affecting China kicked in this morning.
- Trump will discuss Tomahawks with Ukrainian President Volodymyr Zelenskyy at the White House on Friday. Kyiv is looking to harness momentum from Trump's Middle East success to press for greater US engagement on a Ukraine ceasefire.
- Poll of the Day: The fiscal gridlock driving the government shutdown reflects a divided public.
Please find the full article attached below: US DAILY BRIEF