Pelosi is expected to visit Taiwan, Republicans plan challenges to tax, health and climate deal, and a survey on credit.
US House Speaker Nancy Pelosi is expected to land in Taiwan on Tuesday evening in defiance of Chinese threats, a trip that would make her the highest-ranking American politician to visit the island in 25 years. China's foreign ministry has already remarked that the People's Liberation Army "won't sit idly by" should she make a visit, though the White House insisted the trip doesn't signal a change of US posture toward the island. The yen advanced and Treasury yields fell as markets braced themselves for heightened tensions. Read this explainer to understand the historical context for tensions around Taiwan.