Overview

• Senate Majority Leader John Thune said the "time has come" to advance the Graham‑Blumenthal measure, though the vote timing remains unspecified and the House is out during a government shutdown.
• The bill, authored by Sens. Lindsey Graham and Richard Blumenthal, has backing from 84 senators, signaling likely Senate passage.
• It would impose a 500% tariff on imports from countries that purchase Russian oil, gas and uranium, and it includes a presidential waiver tied to national security.
• Treasury Secretary Scott Bessent said the administration is asking European partners to join a coordinated tariff plan targeting China’s role in buying Russian energy, with proceeds proposed for a Ukraine "victory fund."
• President Trump said he spoke by phone with Vladimir Putin and that they plan to meet in Budapest in the near future.