MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI POLITICAL RISK - Trump Backs Johnson Ahead Of Speaker Vote

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

Executive summary:

  • At 12:00 ET 17:00 GMT on Friday, the 119th Congress will meet to vote for a Speaker of the House of Representatives. House Speaker Mike Johnson’s (R-LA) re-election depends on near-unanimous support from GOP lawmakers, as the GOP majority is expected to shrink to a two-vote margin.
  • As it stands, one Republican lawmaker, Rep. Thomas Massie (R-KY), is publicly opposed to Johnson’s re-election. Rep. Chip Roy (R-TX), a conservative criticised by President-elect Donald Trump during the recent spending standoff, has also hinted he may vote against Johnson - these two votes would be sufficient to sink Johnson's bid and force another ballot.
  • Trump told reporters Tuesday he would be prepared to lobby House Republicans on Johnson’s behalf, recognising that a prolonged speaker vote could delay legislation during the critical early period of his administration.
  • The US debt ceiling was re-instated today, bringing one of the most contentious political issues of Congress back into the spotlight. Treasury Secretary Janet Yellen indicated that Treasury is likely to begin extraordinary measures to avert a default between January 14 and January 23.
  • Leaders from employers and unions representing US dockworkers are expected to resume contract talks on January 7.
  • Nippon Steel’s proposed USD$14.9 billion acquisition of US Steel may be back on the table after the Japanese firm offered President Biden a veto over production levels.
  • Chart of the Day:220 economists in the US, UK and Eurozone have warned that Trump's agenda could be inflationary. 

Please find the full article attached below: US Daily Brief

250 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Executive summary:

  • At 12:00 ET 17:00 GMT on Friday, the 119th Congress will meet to vote for a Speaker of the House of Representatives. House Speaker Mike Johnson’s (R-LA) re-election depends on near-unanimous support from GOP lawmakers, as the GOP majority is expected to shrink to a two-vote margin.
  • As it stands, one Republican lawmaker, Rep. Thomas Massie (R-KY), is publicly opposed to Johnson’s re-election. Rep. Chip Roy (R-TX), a conservative criticised by President-elect Donald Trump during the recent spending standoff, has also hinted he may vote against Johnson - these two votes would be sufficient to sink Johnson's bid and force another ballot.
  • Trump told reporters Tuesday he would be prepared to lobby House Republicans on Johnson’s behalf, recognising that a prolonged speaker vote could delay legislation during the critical early period of his administration.
  • The US debt ceiling was re-instated today, bringing one of the most contentious political issues of Congress back into the spotlight. Treasury Secretary Janet Yellen indicated that Treasury is likely to begin extraordinary measures to avert a default between January 14 and January 23.
  • Leaders from employers and unions representing US dockworkers are expected to resume contract talks on January 7.
  • Nippon Steel’s proposed USD$14.9 billion acquisition of US Steel may be back on the table after the Japanese firm offered President Biden a veto over production levels.
  • Chart of the Day:220 economists in the US, UK and Eurozone have warned that Trump's agenda could be inflationary. 

Please find the full article attached below: US Daily Brief