MNI POLITICAL RISK - GOP Facing One Seat Majority In House

Executive summary:

• US President-elect Donald Trump filled two key positions on his economic team yesterday, nominating Jamieson Greer to serve as his Trade Representative and Kevin Hassett to direct the National Economic Council. 
• Several Democrat senators may be prepared to allow Trump’s nominations a smooth ride through Senate confirmation, with the Senate Democratic Caucus appearing less inclined to fight Trump’s Cabinet the way the party did in 2017.
• USTR nominee Greer “provided a roadmap” for China policy in May testimony to the US-China Economic and Security Review Commission.
• Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau hinted at retaliatory measures if Trump pursues plans to impose a 25% baseline tariff on exports.
• House Speaker Mike Johnson (R-LA) may be on track for a one-seat majority in the House of Representatives after Democrat Adam Gray took the lead in the ongoing count for California’s 13th District.
• Deputy Secretary Wally Adeyemo urged Congress to insulate the IRS from long-term budget cuts.   
• Vivek Ramaswamy criticised Commerce Secretary Gina Raimondo’s lame-duck sprint to allocate funds from the 2022 CHIPS and Science Act.
• President Biden said the Israel-Hezbollah ceasefire deal is "designed to be a permanent cessation of hostilities,” and suggested that a long-shot plan to normalise relations between Israel and Saudi Arabia remains possible during the final two months of his presidency.
• Poll of the Day: Consumer confidence ticked up in November. 

Please find the full article attached below: US Daily Brief