MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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2nd Mayorkas Impeachment Vote Today Ahead Of NY Special Election Result

US

House Speaker Mike Johnson (R-LA) is expected to re-run his vote to impeach Homeland Security Secretary Alejandro Mayorkas today after House Majority Leader Steve Scalise’s (R-LA) return to Congress following cancer treatment.

  • Scalise’s return brings the GOP majority back to four votes, sufficient to overcome the three Republican defectors (Reps. Ken Buck (R-CO), Tom McClintock (R-CA) and Mike Gallagher (R-WI)) who defeated the vote last week.
  • Holding the vote today may be critical as a concurrent New York special election to fill the vacant House seat of expelled former Republican Rep George Santos could shrink the GOP majority again if the Democrat candidate wins.
  • However, running the vote again is a risk. Operating on such a fine whip count leaves the party vulnerable to weather, illness, personal emergencies, or other unforeseen circumstances which could render a lawmaker unable to attend the vote. If the vote falls short again, it would be the latest in a string of failures for the speaker which has degraded his power in the chamber and raised questions about his leadership style.
  • The fact that Johnson is pressing ahead with the vote, despite the impeachment's certain dismissal in the Senate, illustrates how important House Republicans consider messaging on immigration.
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