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MNI POLITICAL RISK - Trump Cabinet Hits First Roadblock

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

Executive summary:

  • President-elect Donald Trump moved swiftly to nominate former Florida Attorney General Pam Bondi to serve as his AG following former Rep. Matt Gaetz’s withdrawal yesterday.   
  • Trump is reportedly considering tapping financier Kevin Warsh as his Treasury secretary with a view to installing him as Fed Chair when Jerome Powell's term ends in 2026.
  • Senator Bob Casey (D-PA) formally conceded the Pennsylvania Senate race, confirming that incoming Senate Majority Leader John Thune (R-SD) will lead a 53-47 majority in the upper chamber and ensuring Trump will have a three-vote cushion when confirming executive and judicial nominees.
  • A Republican win in Alaska gives Republicans a 219-213 majority in the House of Representatives, with three races to be called.
  • House Speaker Mike Johnson (R-LA) appears likely to retain the speakership in January, with some of his fiercest critics within the Republican caucus coming onside after Trump’s election win.
  • SEC Chair Gary Gensler will resign his post in January, with Trump likely to tap a crypto-friendly replacement at the regulator.
  • The ‘big three’ automakers are reportedly strategizing on how to convince Trump to keep Biden’s electric vehicle regulations in place.
  • The US applied sanctions on Gazprombank, the latest in a series of moves by the Biden administration to bolster Ukraine before Trump takes office. 
  • Poll of the Day:Republicans are increasingly likely to consider themselves better off financially since the presidential election.

Please find the full article attached below: US Daily Brief

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Executive summary:

  • President-elect Donald Trump moved swiftly to nominate former Florida Attorney General Pam Bondi to serve as his AG following former Rep. Matt Gaetz’s withdrawal yesterday.   
  • Trump is reportedly considering tapping financier Kevin Warsh as his Treasury secretary with a view to installing him as Fed Chair when Jerome Powell's term ends in 2026.
  • Senator Bob Casey (D-PA) formally conceded the Pennsylvania Senate race, confirming that incoming Senate Majority Leader John Thune (R-SD) will lead a 53-47 majority in the upper chamber and ensuring Trump will have a three-vote cushion when confirming executive and judicial nominees.
  • A Republican win in Alaska gives Republicans a 219-213 majority in the House of Representatives, with three races to be called.
  • House Speaker Mike Johnson (R-LA) appears likely to retain the speakership in January, with some of his fiercest critics within the Republican caucus coming onside after Trump’s election win.
  • SEC Chair Gary Gensler will resign his post in January, with Trump likely to tap a crypto-friendly replacement at the regulator.
  • The ‘big three’ automakers are reportedly strategizing on how to convince Trump to keep Biden’s electric vehicle regulations in place.
  • The US applied sanctions on Gazprombank, the latest in a series of moves by the Biden administration to bolster Ukraine before Trump takes office. 
  • Poll of the Day:Republicans are increasingly likely to consider themselves better off financially since the presidential election.

Please find the full article attached below: US Daily Brief