Free Trial

MNI POLITICAL RISK- Trump Nominates Exec Branch At Record Pace

Daily round-up of news from the US.

Executive summary:

  • US President-elect Donald Trump is nominating executive branch appointments at a faster clip than previous incoming administrations but continues to vacillate on his nominee for Treasury Secretary. Amid discord within his inner circle, Trump will meet with top Treasury candidates - including early favourites Scott Bessent and Howard Lutnick - and alternatives Robert Lighthizer, Marc Rowan, Senator Bill Haggerty (R-TN), and Kevin Warsh at Mar-a-Lago this week.
  • Trump has tapped Chris Wright, the chief executive of fracking company Liberty Energy, as his Energy Secretary. Wright, along with ‘energy czar’ Gov. Doug Burgum (R-ND), will lead an energy agenda focused on ratcheting up fossil fuel production and unwinding regulations put in place by the Biden administration. 
  • House Speaker Mike Johnson (R-LA) is leaning towards a short-term Continuing Resolution to punt government funding until after Trump is inaugurated and Republicans control both chambers of Congress. A short-term measure would give the GOP more input over FY2025 spending bills but could also eat up Congressional bandwidth during a critical period when Trump intends to pursue his ‘100-day’ agenda.
  • President Biden and Chinese President Xi Jinping held a "candid" and "constructive" discussion on the margins of the APEC Summit in Peru.
  • Biden announced a major pivot in Ukraine policy, allowing Kyiv to use US-supplied long-range weapons to strike targets within the Russian Federation.
  • Poll of the Day: Employee life evaluation has hit a record low.

Please find the full article attached below: US Daily Brief

238 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:

  • US President-elect Donald Trump is nominating executive branch appointments at a faster clip than previous incoming administrations but continues to vacillate on his nominee for Treasury Secretary. Amid discord within his inner circle, Trump will meet with top Treasury candidates - including early favourites Scott Bessent and Howard Lutnick - and alternatives Robert Lighthizer, Marc Rowan, Senator Bill Haggerty (R-TN), and Kevin Warsh at Mar-a-Lago this week.
  • Trump has tapped Chris Wright, the chief executive of fracking company Liberty Energy, as his Energy Secretary. Wright, along with ‘energy czar’ Gov. Doug Burgum (R-ND), will lead an energy agenda focused on ratcheting up fossil fuel production and unwinding regulations put in place by the Biden administration. 
  • House Speaker Mike Johnson (R-LA) is leaning towards a short-term Continuing Resolution to punt government funding until after Trump is inaugurated and Republicans control both chambers of Congress. A short-term measure would give the GOP more input over FY2025 spending bills but could also eat up Congressional bandwidth during a critical period when Trump intends to pursue his ‘100-day’ agenda.
  • President Biden and Chinese President Xi Jinping held a "candid" and "constructive" discussion on the margins of the APEC Summit in Peru.
  • Biden announced a major pivot in Ukraine policy, allowing Kyiv to use US-supplied long-range weapons to strike targets within the Russian Federation.
  • Poll of the Day: Employee life evaluation has hit a record low.

Please find the full article attached below: US Daily Brief