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MNI POLITICAL RISK-Noem Faces Senate, Trump Preps Border Bills

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

Executive summary:

  • Trump's Homeland Security Secretary nominee, Kristi Noem, faces the Senate today. Noem will be central to Trump’s border security plans and oversee critical agencies like the Secret Service, the Coast Guard, and FEMA.
  • Trump’s team is reportedly finalising immigration-related executive orders to be signed within hours of taking office.
  • Blake Burman is keeping a "close eye" on Kevin Warsh as a potential Fed Chair.
  • Treasury Secretary nominee, Scott Bessent, offered few clues on the incoming administration's tariff agenda, echoing Trump that tariffs could address unfair trade practices and raise revenue. Bessent said extending Trump's first-term tax cuts is, “the single most important economic issue of the day,” and said he would support increasing sanctions on Russia's oil industry "to levels that would bring Russia to the negotiating table."
  • The House Freedom Caucus backed a two-step legislative strategy, pushing against Speaker Mike Johnson’s (R-LA) plan to include the bulk of the GOP agenda in one huge reconciliation bill.
  • House Minority Leader Hakeem Jeffries (D-NY) said Johnson's decision to remove Intel Chair Mike Turner (R-OH) is "likely being applauded" by Russia and China.
  • President Biden gave his third farewell speech of the week yesterday, at the Pentagon.
  • One of the biggest US defence contractors offered policy recommendations to Elon Musk's 'DOGE'.
  • Outgoing Canadian Prime Minister Justin Trudeau said Canada would respond “forcefully" to Trump tariffs.
  • Chart of the Day: Most adults are sceptical that Trump can address costs and other economic issues.

Please find the full article attached below: US Daily Brief

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Executive summary:

  • Trump's Homeland Security Secretary nominee, Kristi Noem, faces the Senate today. Noem will be central to Trump’s border security plans and oversee critical agencies like the Secret Service, the Coast Guard, and FEMA.
  • Trump’s team is reportedly finalising immigration-related executive orders to be signed within hours of taking office.
  • Blake Burman is keeping a "close eye" on Kevin Warsh as a potential Fed Chair.
  • Treasury Secretary nominee, Scott Bessent, offered few clues on the incoming administration's tariff agenda, echoing Trump that tariffs could address unfair trade practices and raise revenue. Bessent said extending Trump's first-term tax cuts is, “the single most important economic issue of the day,” and said he would support increasing sanctions on Russia's oil industry "to levels that would bring Russia to the negotiating table."
  • The House Freedom Caucus backed a two-step legislative strategy, pushing against Speaker Mike Johnson’s (R-LA) plan to include the bulk of the GOP agenda in one huge reconciliation bill.
  • House Minority Leader Hakeem Jeffries (D-NY) said Johnson's decision to remove Intel Chair Mike Turner (R-OH) is "likely being applauded" by Russia and China.
  • President Biden gave his third farewell speech of the week yesterday, at the Pentagon.
  • One of the biggest US defence contractors offered policy recommendations to Elon Musk's 'DOGE'.
  • Outgoing Canadian Prime Minister Justin Trudeau said Canada would respond “forcefully" to Trump tariffs.
  • Chart of the Day: Most adults are sceptical that Trump can address costs and other economic issues.

Please find the full article attached below: US Daily Brief