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MNI POLITICAL RISK - Trump Opens Talks On Tax Legislation

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

  • President Joe Biden called for unity and pledged to direct his "entire administration" to work with President-elect Donald Trump to ensure a "peaceful and orderly transition," in his first address to the nation since the general election.
  • Trump named his campaign chief Susan Wiles, the strategist who also masterminded Florida Governor Ron DeSantis’ (R-FL) 2018 midterm victory, as his incoming White House Chief of Staff. Wiles is seen as a potentially moderating influence who can work with the various ideological factions of the GOP.
  • Trump is expected to allow Fed Chair Jerome Powell to see out the remainder of his term.
  • Trump's advisors have opened discussion with House Ways and Means Chair Jason Smith (R-MO) on a broad tax package that may include some tariff offsets.
  • Republicans are on track to secure 53 seats in the Senate -  a crucial buffer that will ease legislation and derisk the 2026 midterm elections.
  • The Biden administration is fast-tracking remaining CHIPS and Science Act funds before Trump is inaugurated on January 20.
  • Ukrainian President Volodymyr Zelenskyy told reporters that he's, “not aware of any details of plan to end war fast [and] did not discuss it with Trump.”
  • Trump is expected to reinstate his maximum pressure strategy on Iran.
  • Poll of the Day:The Republican popular vote victory has not translated into a strong majority in the House of Representatives.

Please find the full article attached below: US Daily Brief

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Executive summary:

  • President Joe Biden called for unity and pledged to direct his "entire administration" to work with President-elect Donald Trump to ensure a "peaceful and orderly transition," in his first address to the nation since the general election.
  • Trump named his campaign chief Susan Wiles, the strategist who also masterminded Florida Governor Ron DeSantis’ (R-FL) 2018 midterm victory, as his incoming White House Chief of Staff. Wiles is seen as a potentially moderating influence who can work with the various ideological factions of the GOP.
  • Trump is expected to allow Fed Chair Jerome Powell to see out the remainder of his term.
  • Trump's advisors have opened discussion with House Ways and Means Chair Jason Smith (R-MO) on a broad tax package that may include some tariff offsets.
  • Republicans are on track to secure 53 seats in the Senate -  a crucial buffer that will ease legislation and derisk the 2026 midterm elections.
  • The Biden administration is fast-tracking remaining CHIPS and Science Act funds before Trump is inaugurated on January 20.
  • Ukrainian President Volodymyr Zelenskyy told reporters that he's, “not aware of any details of plan to end war fast [and] did not discuss it with Trump.”
  • Trump is expected to reinstate his maximum pressure strategy on Iran.
  • Poll of the Day:The Republican popular vote victory has not translated into a strong majority in the House of Representatives.

Please find the full article attached below: US Daily Brief