 Happy Monday and welcome back to On The Money. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line. See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N. Write us with tips, suggestions and news: slane@thehill.com, vneedham@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @VickofTheHill, @NJagoda and @NivElis. THE BIG DEAL--Trump to give prime-time address and travel to border amid shutdown fight: President Trump will deliver a prime-time address to the nation from the Oval Office on Tuesday and, later this week, travel to the U.S.-Mexico border amid a partial government shutdown triggered by his demand for wall funding, the White House announced on Monday. White House press secretary Sarah Huckabee Sanders said Trump will "meet with those on the frontlines" of what the administration is calling "the national security and humanitarian crisis" at the southwest border. She provided no further details about the trip, but said they would be announced soon. Trump later confirmed the speech, which was first reported by The New York Times, in a Twitter post. It'll be Trump's first speech from the Oval Office, which his predecessors typically used to project the strength and power of the presidency. The Hill's Jordan Fabian tells us more here. Border trip: Trump is also planning to head to the border as Democrats refuse to meet his demands for $5 billion to build a wall between the U.S. and Mexico. Bipartisan talks held over the weekend produced no meaningful progress as the shutdown heads toward its third week. Jordan tells us that Trump's trip would come on the 20th day of the shutdown if Congress does not pass a funding bill, nearing a record set in the mid-1990s for longest shutdown. Trump last week floated declaring a national emergency to build the wall without congressional sign-off, but that appears to be legally and politically questionable. Further reading: - The Washington Post: "U.S. towns with federal workers brace for impact as the shutdown continues"
- CNN: "How the government shutdown is affecting Americans"
- Bloomberg: "Trump Has Four Days Before Many Federal Workers Start Missing Paychecks
LEADING THE DAY White House says IRS will issue tax refunds despite shutdown: The Internal Revenue Service will issue tax refunds even if the government remains shut down when they are set to be issued, the Trump administration said on Monday. "Tax refunds will go out," Russell Vought, the acting director of the White House Office of Management and Budget, told reporters during a briefing. Vought said the move was a change from past shutdowns and that the appropriate agencies would issue further guidance. House Democrats are planning to pass legislation this week to fund the Treasury Department and IRS, as part of their effort to push Republicans to end the shutdown. But the measure is unlikely to be enacted by President Trump. World Bank chief Jim Yong Kim resigns: World Bank chief Jim Yong Kim on Monday announced that he is resigning from his post three years before his term was set to expire. Kim said in an unexpected announcement that he will leave his post on Feb. 1, the Financial Times reported. "It has been a great honor to serve as President of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime," Kim said in a statement, according to the Financial Times. "The work of the World Bank Group is more important now than ever as the aspirations of the poor rise all over the world, and problems like climate change, pandemics, famine and refugees continue to grow in both their scale and complexity." World Bank CEO Kristalina Georgieva is reportedly expected to act as interim president. Kim's resignation, citing personal reasons, raised questions about the reasons for his departure and the future of the international aid distributor. GOOD TO KNOW - Telecommunications giant AT&T eliminated more than 10,000 U.S. jobs last year and outsourced some of those positions to contractors overseas, the Communications Workers of America (CWA) said in a report released Monday.
- An international pilots association is urging President Trump to end the partial government shutdown, saying that it has detracted from the "safety, security and efficiency of our national airspace system."
- New acting Interior Secretary David Bernhardt is directing the National Park Service (NPS) to use all funds from entrance fees to keep parks open, according to an internal memo obtained by The Hill.
- A top House Democrat is raising concerns that the government shutdown could be negatively impacting security at major airports across the United States.
- The leader of the National Air Traffic Controllers Association on Monday predicted the partial government shutdown's "ripple effect" may last months "if not years," for aviation safety professionals.
- A supporter of President Trump is considering moving his company's production headquarters to Mexico in an effort to avoid Trump's tariffs on Chinese imports, according to The New York Times.
- Stocks rose slightly Monday as traders tried to make sense of a raft of new, slightly disparate economic data.
- Cooling economic growth in both the U.S. and China is increasing pressure to reach a trade settlement, according to the Associated Press.
- Banks, insurers and money managers are planning to move about $1 trillion of assets from the U.K. to the rest of Europe as Brexit uncertainty takes its toll, Bloomberg reports.
ODDS AND ENDS - The Washington Nationals on Monday notified season-ticket holders furloughed during the ongoing partial government shutdown to delay their monthly payments until the government is re-opened, The Washington Post reported.
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