Executive summary:
- An intel briefing at 11:00 ET 16:00 BST is the only item in President Donald Trump's diary today. Trump signed an order yesterday providing NATO-like security guarantees for Qatar to reassure allies in the Gulf.
- The US government shutdown has entered Day 2 without any significant movement toward a resolution. Congress is out for the day, but lawmakers will continue a press blitz to influence messaging surrounding the shutdown. A White House pressure campaign designed to inflict maximum pain on Democrats got underway yesterday.
- The Supreme Court ruled that Fed Governor Lisa Cook will remain in place until a January 2026 hearing.
- The White House paused a 100% tariff on pharmaceuticals intended to take effect yesterday.
- Trump said he had “no choice” but to deploy federal troops to Portland.
- Trump said soybeans will be a “major topic of discussion” when he meets with Chinese President Xi Jinping later this month. Treasury Secretary Bessent indicated a bailout for soybean farmers is incoming.
- Senator Steve Daines (R-SD) said he's working on a crypto tax framework.
- The US will reportedly provide Ukraine with intelligence to support long-range strikes on Russia's energy infrastructure.
- The Treasury Department announced new sanctions on Iran in support of the reimposition of 'snapback' UN sanctions.
- A senior administration official told Semafor the Trump administration isn’t ruling out military strikes inside Venezuela.
- Poll of the Day: More Americans blame Trump and congressional Republicans for the shutdown than Democrats.
Please find the full article attached below: US DAILY BRIEF