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MNI POLITICAL RISK - Trump Names Key Defense And Econ Nominees

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

Executive summary:

  • US President-elect Donald Trump delivered a wide-ranging 90-minute speech in Phoenix, Arizona on Sunday, doubling down on a new threat to bring the Panama Canal back under US control.
  • Trump suggested he could meet with Russian President Vladimir Putin shortly after assuming office on January 20, repeating that resolving the war in Ukraine is “one of the things I want to do quickly.”
  • Trump announced another round of executive branch nominations, including Stephen Miran to chair the Council of Economic Advisers – a three-member panel that advises the president on economic policy.
  • Trump nominated Stephen Feinberg as Deputy Secretary of Defense and Elbridge Colby to serve as Under Secretary of Defense for Policy. Colby, a prominent China hawk, is likely to advocate Trump dedicate more military resources to the Indo-Pacific and lean on European powers to step up defence commitments.
  • Rep. French Hill (R-AK), the incoming Chair of the House Financial Services Committee has been, “pushing for innovation in the banking sector for nearly half a century.”
  • The Biden administration has scrapped plans for a mass cancellation of student debt, with Education Secretary Miguel Cardona acknowledging, “uncertainty around the implementation” of the proposals.
  • The Biden administration has launched an investigation into Chinese-made "legacy" semiconductors that could result in additional tariffs on mature-technology chips. 
  • Poll of the Day:Swing-state voters have positive expectations about how a Trump presidency could affect their personal finances. 

Please find the full article attached below: US Daily Brief

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Executive summary:

  • US President-elect Donald Trump delivered a wide-ranging 90-minute speech in Phoenix, Arizona on Sunday, doubling down on a new threat to bring the Panama Canal back under US control.
  • Trump suggested he could meet with Russian President Vladimir Putin shortly after assuming office on January 20, repeating that resolving the war in Ukraine is “one of the things I want to do quickly.”
  • Trump announced another round of executive branch nominations, including Stephen Miran to chair the Council of Economic Advisers – a three-member panel that advises the president on economic policy.
  • Trump nominated Stephen Feinberg as Deputy Secretary of Defense and Elbridge Colby to serve as Under Secretary of Defense for Policy. Colby, a prominent China hawk, is likely to advocate Trump dedicate more military resources to the Indo-Pacific and lean on European powers to step up defence commitments.
  • Rep. French Hill (R-AK), the incoming Chair of the House Financial Services Committee has been, “pushing for innovation in the banking sector for nearly half a century.”
  • The Biden administration has scrapped plans for a mass cancellation of student debt, with Education Secretary Miguel Cardona acknowledging, “uncertainty around the implementation” of the proposals.
  • The Biden administration has launched an investigation into Chinese-made "legacy" semiconductors that could result in additional tariffs on mature-technology chips. 
  • Poll of the Day:Swing-state voters have positive expectations about how a Trump presidency could affect their personal finances. 

Please find the full article attached below: US Daily Brief