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MNI POLITICAL RISK - Trump Noms Begin Senate Hearings On Tues

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

Executive summary:

  • Thirteen of US President-elect Donald Trump’s Cabinet nominees will face Senate scrutiny this week, with Defense Secretary nominee Pete Hegseth’s appearance before the Senate Armed Services Committee on Tuesday likely to be most closely followed.
  • Republicans remain divided on the optimum strategy for legislation, despite a conflab between Trump and House Republicans at Mar-a-Lago over the weekend. GOP lawmakers warned that unanswered questions over strategy could push negotiations close to the December deadline to renew Trump's first-term tax cuts.
  • Blue-state House Republicans exited meetings at Mar-a-Lago, confident that Trump will adhere to a campaign promise to raise the cap on State and Local Tax (SALT) deductions.
  • Inflation concerns could prompt Trump to reevaluate aggressive 'Day 1' tariffs.
  • The US Commerce Department issued new export controls to curb China's access to AI-related tech via third countries.
  • President Biden will kick-off his farewell to US politics with a final foreign policy speech today at the State Department.
  • The Kremlin said there are “no specific preparations” underway for a meeting between Trump and Russian President Vladimir Putin.
  • The Foreign Ministers of Japan and South Korea agreed to continue trilateral cooperation with the United States, a sign that the landmark agreement struck at Camp David in 2023 could be durable.
  • Ultranationalist Israeli officials could sink a breakthrough in Gaza ceasefire talks.
  • Chart of the Day: The global reputation of US leadership remains fragile. 

Please find the full article attached below: US Daily Brief

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Executive summary:

  • Thirteen of US President-elect Donald Trump’s Cabinet nominees will face Senate scrutiny this week, with Defense Secretary nominee Pete Hegseth’s appearance before the Senate Armed Services Committee on Tuesday likely to be most closely followed.
  • Republicans remain divided on the optimum strategy for legislation, despite a conflab between Trump and House Republicans at Mar-a-Lago over the weekend. GOP lawmakers warned that unanswered questions over strategy could push negotiations close to the December deadline to renew Trump's first-term tax cuts.
  • Blue-state House Republicans exited meetings at Mar-a-Lago, confident that Trump will adhere to a campaign promise to raise the cap on State and Local Tax (SALT) deductions.
  • Inflation concerns could prompt Trump to reevaluate aggressive 'Day 1' tariffs.
  • The US Commerce Department issued new export controls to curb China's access to AI-related tech via third countries.
  • President Biden will kick-off his farewell to US politics with a final foreign policy speech today at the State Department.
  • The Kremlin said there are “no specific preparations” underway for a meeting between Trump and Russian President Vladimir Putin.
  • The Foreign Ministers of Japan and South Korea agreed to continue trilateral cooperation with the United States, a sign that the landmark agreement struck at Camp David in 2023 could be durable.
  • Ultranationalist Israeli officials could sink a breakthrough in Gaza ceasefire talks.
  • Chart of the Day: The global reputation of US leadership remains fragile. 

Please find the full article attached below: US Daily Brief