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MNI POLITICAL RISK - Trump Cabinet Faces Confirmation Struggle

Daily round-up of news from the US.
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Executive summary:

  • Elon Musk and Vivek Ramaswamy have penned a joint op-ed in the Wall Street Journal outlining their plans to reduce the size of the federal government.
  • President-elect Donald Trump’s pick for Defence Secretary, Pete Hegseth, will travel to Capitol Hill today to lobby Senators to approve his nomination amid scrutiny over his personal life. 
  • House Speaker Mike Johnson's (R-LA) razor-thin majority in the House may derail Trump's plans to confirm nominees via recess appointments.
  • Prediction markets remain in flux awaiting Trump’s Treasury Secretary nominee, with Trump reportedly "not completely sold" on candidates he’s interviewed so far.
  • The Department of Justice and a group of states submitted a court filing yesterday stating that Google must divest from the web browser Chrome.
  • Trump nominated his former Acting Attorney General Matthew Whitaker to serve as ambassador to NATO.
  • The Commerce Dept announced new negotiations for semiconductor investment as Secretary Raimondo seeks to fast-track the allocation of funds legislated via the 2022 CHIPS and Science Act before Trump takes office. 
  • This week has seen an escalation of the war in Ukraine on several fronts. Republican lawmakers have criticised the White House for an 'escalatory' decision to relax restrictions on long-range weapons and railed against a new move to cancel USD$4.65 billion of Ukrainian debt.
  • Poll of the Day: Trump is enjoying his highest favorability rating since the early days of his first term. 

Please find the full article attached below:US Daily Brief

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Executive summary:

  • Elon Musk and Vivek Ramaswamy have penned a joint op-ed in the Wall Street Journal outlining their plans to reduce the size of the federal government.
  • President-elect Donald Trump’s pick for Defence Secretary, Pete Hegseth, will travel to Capitol Hill today to lobby Senators to approve his nomination amid scrutiny over his personal life. 
  • House Speaker Mike Johnson's (R-LA) razor-thin majority in the House may derail Trump's plans to confirm nominees via recess appointments.
  • Prediction markets remain in flux awaiting Trump’s Treasury Secretary nominee, with Trump reportedly "not completely sold" on candidates he’s interviewed so far.
  • The Department of Justice and a group of states submitted a court filing yesterday stating that Google must divest from the web browser Chrome.
  • Trump nominated his former Acting Attorney General Matthew Whitaker to serve as ambassador to NATO.
  • The Commerce Dept announced new negotiations for semiconductor investment as Secretary Raimondo seeks to fast-track the allocation of funds legislated via the 2022 CHIPS and Science Act before Trump takes office. 
  • This week has seen an escalation of the war in Ukraine on several fronts. Republican lawmakers have criticised the White House for an 'escalatory' decision to relax restrictions on long-range weapons and railed against a new move to cancel USD$4.65 billion of Ukrainian debt.
  • Poll of the Day: Trump is enjoying his highest favorability rating since the early days of his first term. 

Please find the full article attached below:US Daily Brief