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MNI POLITICAL RISK - Mega Bill To Cover Bulk Of Trump Agenda

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

Executive summary:

  • Vice President Kamala Harris will gavel in a joint session of Congress at 13:00 ET 18:00 GMT to count Electoral College votes affirming President-elect Donald Trump’s presidential election victory. The count is expected to take around an hour and pass without incident.
  • House Speaker Mike Johnson (R-LA) secured re-election on Friday, following an intervention from Trump, who spoke with two Republican lawmakers who appeared set to block Johnson's bid on the first ballot.
  • Trump confirmed on social media that he intends to pursue a single mega-bill to cover the bulk of his legislative agenda, a break from the two-step plan outlined by incoming Senate Majority Leader John Thune (R-SD). The bill, which would cover border security, energy, and tax reform, could be one of the biggest pieces of legislation in American history.
  • Trump's aides are reportedly exploring plans to water down a Trump campaign proposal to apply a universal baseline tariff on all US imports.
  • Nippon Steel has filed a lawsuit against the Biden administration for blocking a proposed acquisition of US Steel.
  • Biden will indefinitely block offshore oil and gas development in roughly 625 million acres of coastal waters. 
  • Biden signed into law the Social Security Fairness Act at his first public bill signing ceremony for more than two years. 
  • Chart of the Day: Trump is facing historical headwinds if he is to reduce the US trade deficit with China. 

Please find the full article attached below: US Daily Brief

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Executive summary:

  • Vice President Kamala Harris will gavel in a joint session of Congress at 13:00 ET 18:00 GMT to count Electoral College votes affirming President-elect Donald Trump’s presidential election victory. The count is expected to take around an hour and pass without incident.
  • House Speaker Mike Johnson (R-LA) secured re-election on Friday, following an intervention from Trump, who spoke with two Republican lawmakers who appeared set to block Johnson's bid on the first ballot.
  • Trump confirmed on social media that he intends to pursue a single mega-bill to cover the bulk of his legislative agenda, a break from the two-step plan outlined by incoming Senate Majority Leader John Thune (R-SD). The bill, which would cover border security, energy, and tax reform, could be one of the biggest pieces of legislation in American history.
  • Trump's aides are reportedly exploring plans to water down a Trump campaign proposal to apply a universal baseline tariff on all US imports.
  • Nippon Steel has filed a lawsuit against the Biden administration for blocking a proposed acquisition of US Steel.
  • Biden will indefinitely block offshore oil and gas development in roughly 625 million acres of coastal waters. 
  • Biden signed into law the Social Security Fairness Act at his first public bill signing ceremony for more than two years. 
  • Chart of the Day: Trump is facing historical headwinds if he is to reduce the US trade deficit with China. 

Please find the full article attached below: US Daily Brief