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MNI POLITICAL RISK - GOP Struggles For Consensus On Strategy

daily round-up of news from the US.
StoryPolitical Risk

Executive summary:

  • President Biden cancelled a trip to Italy to direct the federal government response to Los Angeles wildfires, announcing that the federal government will cover 100% of the immediate disaster recovery costs.
  • The Senate Finance Committee is expected to hold a confirmation hearing for President-elect Donald Trump’s Treasury Secretary nominee on January 16. 
  • House and Senate Republicans appear set to start work on two competing legislative proposals after Trump’s soft support for a single reconciliation bill failed to dissuade Republican senators from their preferred two-bill reconciliation strategy.
  • A House Republican Study Committee lunch revealed divisions within the House GOP over how to raise revenue to pay the reconciliation package.
  • European Commission President Ursula von der Leyen is looking to schedule a Florida meeting with Trump ahead of his inauguration.
  • Trump will be sentenced in a New York court today after the Supreme Court rejected a bid to have his 'hush money' criminal conviction deferred.  
  • Elon Musk appeared to concede that he will struggle to cut “at least $2 trillion" from the federal budget.
  • Senator Josh Hawley (R-MO) circulated a labour policy framework that includes new union protections.
  • The Kremlin says Russian President Vladimir Putin is open to contacts with Trump.
  • Analysts are expecting Trump to take a hardline approach to Venezuelan President Nicolás Maduro, but he may be open to an immigration-for-oil deal.
  • Poll of the Day:China’s share of global automotive car production is 13 times that of the US.

Please find the full article attached below: US Daily Brief

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Executive summary:

  • President Biden cancelled a trip to Italy to direct the federal government response to Los Angeles wildfires, announcing that the federal government will cover 100% of the immediate disaster recovery costs.
  • The Senate Finance Committee is expected to hold a confirmation hearing for President-elect Donald Trump’s Treasury Secretary nominee on January 16. 
  • House and Senate Republicans appear set to start work on two competing legislative proposals after Trump’s soft support for a single reconciliation bill failed to dissuade Republican senators from their preferred two-bill reconciliation strategy.
  • A House Republican Study Committee lunch revealed divisions within the House GOP over how to raise revenue to pay the reconciliation package.
  • European Commission President Ursula von der Leyen is looking to schedule a Florida meeting with Trump ahead of his inauguration.
  • Trump will be sentenced in a New York court today after the Supreme Court rejected a bid to have his 'hush money' criminal conviction deferred.  
  • Elon Musk appeared to concede that he will struggle to cut “at least $2 trillion" from the federal budget.
  • Senator Josh Hawley (R-MO) circulated a labour policy framework that includes new union protections.
  • The Kremlin says Russian President Vladimir Putin is open to contacts with Trump.
  • Analysts are expecting Trump to take a hardline approach to Venezuelan President Nicolás Maduro, but he may be open to an immigration-for-oil deal.
  • Poll of the Day:China’s share of global automotive car production is 13 times that of the US.

Please find the full article attached below: US Daily Brief