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MNI POLITICAL RISK - Warsh Emerges As Treasury Sec Favourite

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

  • President-elect Donald Trump’s robust support of former Rep. Matt Gaetz (R-FL) for Attorney General could be seen as a proxy battle with Senate Republicans ahead of a challenging confirmation period. 
  • Prediction markets have whipsawed on speculation over Trump’s Treasury Secretary nominee, with early favourites Scott Bessent and Howard Lutnick falling out of favour amid acrimonious internal discussions.
  • The Senate Judiciary Committee will meet today for an antitrust hearing on “breaking the Visa-Mastercard duopoly."
  • News outlets published a flurry of headlines yesterday claiming Trump had confirmed his intention to declare a national emergency and use military assets to deport millions of undocumented migrants. 
  • House Speaker Mike Johnson (R-LA) appears to be the only Congressional leader in favour of a short-term government funding extension.
  • The White House has urged Congress to approve roughly USD$100 billion for disaster relief. 
  • House Democrats will hold leadership elections today, with little change expected to the leadership team.
  • President Biden’s Middle East Envoy has arrived in Lebanon for another round of talks designed to end hostilities between Israel and Hezbollah.
  • There has been an uptick in tensions between Russia and the West after Ukraine used US-supplied long-range missiles to strike Russian territory for the first time since Biden relaxed restrictions on their use.
  • Poll of the Day:Ukrainians are increasingly likely to want a negotiated end to the war with Russia as soon as possible. 

Please find the full article attached below: US Daily Brief

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Executive summary:

  • President-elect Donald Trump’s robust support of former Rep. Matt Gaetz (R-FL) for Attorney General could be seen as a proxy battle with Senate Republicans ahead of a challenging confirmation period. 
  • Prediction markets have whipsawed on speculation over Trump’s Treasury Secretary nominee, with early favourites Scott Bessent and Howard Lutnick falling out of favour amid acrimonious internal discussions.
  • The Senate Judiciary Committee will meet today for an antitrust hearing on “breaking the Visa-Mastercard duopoly."
  • News outlets published a flurry of headlines yesterday claiming Trump had confirmed his intention to declare a national emergency and use military assets to deport millions of undocumented migrants. 
  • House Speaker Mike Johnson (R-LA) appears to be the only Congressional leader in favour of a short-term government funding extension.
  • The White House has urged Congress to approve roughly USD$100 billion for disaster relief. 
  • House Democrats will hold leadership elections today, with little change expected to the leadership team.
  • President Biden’s Middle East Envoy has arrived in Lebanon for another round of talks designed to end hostilities between Israel and Hezbollah.
  • There has been an uptick in tensions between Russia and the West after Ukraine used US-supplied long-range missiles to strike Russian territory for the first time since Biden relaxed restrictions on their use.
  • Poll of the Day:Ukrainians are increasingly likely to want a negotiated end to the war with Russia as soon as possible. 

Please find the full article attached below: US Daily Brief