January 21, 2025 13:21 GMT
MNI POLITICAL RISK - Trump Unveils Dozens Of Day 1 Exec Orders
Daily round-up of news from the US.
Executive summary:
- US President Donald Trump hit the ground running with dozens of executive orders to reinvigorate US energy production, secure the southern border, and initiate federal government reforms. Please find a summary of the market-relevant actions inside.
- Trump will hold a White House meeting today with the four Republican Congressional leaders. The meeting will likely focus on the approaching twin deadlines for FY24 funding (March 14) and the X-date for hitting the debt ceiling (sometime in the summer).
- Congressional leaders are likely to petition Trump to endorse their preferred strategy for reconciliation. Speaker Mike Johnson (R-LA) still favours a single huge reconciliation bill, with Senate Leader John Thune (R-SD) leaning towards dividing the agenda into two bills - energy and border security to come first and tax to follow later in the year.
- Secretary of State Marco Rubio became the first Trump nominee confirmed to Trump’s Cabinet, with the Senate voting 99-0 in favour of Rubio’s confirmation.
- CIA Director nominee John Ratcliffe appears next in line for confirmation, with a Senate vote likely to take place today. The Senate Finance Committee is likely to tee up a full confirmation vote for Treasury Secretary nominee Scott Bessent later this week.
- Speaker Johnson will have a single-vote margin in the House until April, following Mike Waltz's (R-FL) departure from the House to serve as Trump's National Security Advisor.
- Chart of the Day: Americans are divided over Trump’s Day 1 agenda.
Please find the full article attached below: US DAILY BRIEF
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