December 05, 2024 13:22 GMT
MNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
Daily round-up of news from the US.
Executive summary:
- US President-elect Donald Trump announced a flurry of executive branch nominations yesterday amid scepticism that two of his key picks can clear Senate confirmation.
- The nomination of crypto-friendly Paul Atkins to lead the SEC prompted Bitcoin to surge past USD$100k for the first time.
- Trump tapped Peter Navarro, his first-term National Trade Council director, to return to his administration as Senior Counsellor for Trade and Manufacturing, signalling Trump’s commitment to a hawkish trade agenda.
- Trump will sit down on Friday for his first media availability since he was elected president a month ago.
- Senate Republicans are eyeing a USD$60 billion-85 billion price tag for the first of two budget reconciliation bills scheduled for next year.
- Elon Musk and Vivek Ramaswamy are on Capitol Hill today to promote their “Department of Government Efficiency." At least 40 lawmakers, including some Democrats, have already signed up for Congressional 'DOGE' caucuses.
- Biden administration officials stressed that they had no forewarning of South Korean President Yoon Suk Yoel’s decision to declare martial law, despite having nearly 30,000 troops stationed in the country.
- There are increasing signs that Western backers of Ukraine may be preparing for peace talks to end the war with Russia.
- OPEC+ extended output cuts until the end of 2026 as the group waits to see how Trump’s policies could impact markets.
- Poll of the Day: India reduces its dependence on Russian military hardware.
Please find the full article attached below: US Daily Brief
239 words