US: MNI POLITICAL RISK - White House Ramps Up Shutdown Pressure

• +6,100 TUZ5 104-06.12, through 104-06 post time offer at 0814:04ET, DV01 $218,000.
• The 2Y contract has since slipped to 104-05.75 low, -05.88 last (-2.75)

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• President Donald Trump will make an Oval Office announcement at 14:00 ET 19:00 BST, his first formal public appearance since a Cabinet meeting last Tuesday.
• Congress is back in session, with lawmakers facing a hectic September schedule. The most pressing business is averting a government shutdown on Oct 1.
• A federal judge is expecting additional filings today from Fed Governor Lisa Cook's legal team detailing why Trump's firing was unlawful.
• Reps. Ro Khanna (D-CA) and Thomas Massie (R-KY) are expected to trigger a bipartisan discharge petition today calling on the DOJ to release the so-called ‘Epstein files’.
• Treasury Secretary Scott Bessent has “an open mind” as he begins interviewing candidates to be the next Fed chair today.
• Bessent is confident the Supreme Court will uphold Trump's use of emergency powers to impose tariffs on trading partners, but said the administration has a backup plan.
• Trump claimed India offered to lower tariffs on US imports to zero. Bessent downplayed the implications of a public display of solidarity by India, Russia, and China at the SCO summit in Beijing.
• Trump may declare a 'national housing emergency' this fall to address rising house prices.   
• The Treasury Department released a list of jobs that are exempt from taxes on tipped earnings.
• Bessent said “all options are on the table” for further sanctions on Russia.
• Poll of the Day: Optimism about improving living standards hits a record low.

Full Article: US DAILY BRIEF

• Buxl: 39%.
• Bund: 28%.
• Bobl: 50%.
• Schatz: 44%.
• BTP: 20% (below pace).
• BTS: 30%.
• OAT: 31%.