MNI POLITICAL RISK - Trump Escalates Iran Rhetoric

Hidden PDF

Executive summary:

• President Donald Trump has a signing ceremony at 14:00 ET 19:00 GMT. 
• Secretary of State Marco Rubio will meet with his Danish and Greenlandic counterparts today at the White House.
• Trump touted yesterday’s CPI print as a sign that Fed Chair Jerome Powell should cut interest rates. On January 21, the Supreme Court will hear oral arguments on a case to determine whether a president can fire a Fed board member.
• Trump's first major economic speech of the year was short on details of his pivot to affordability.
• Trump signalled yesterday that he could authorise military action against Iran in response to the government’s crackdown on protests.
• The House is expected to pass two more FY2026 funding bills today as Congress rushes to avert a government shutdown.
• The Republican Study Committee released its framework for a second GOP ‘megabill’ yesterday.
• Senate Banking is set to mark up its landmark crypto market structure bill tomorrow, without clear support from key committee members. 
• Two House reps introduced bipartisan legislation to reduce US dependence on China for critical minerals. 
• Senate Minority Leader Chuck Schumer (D-NY) is bullish on flipping the Senate after a string of recruiting wins.
• Special Envoy Steve Witkoff and Trump's son-in-law, Jared Kushner, are eying another Moscow visit.
• US-India trade talks are back in focus, with a key Trump ally taking residence in Delhi.  
• Poll of the Day: Venezuelans are "pretty pleased" with the US operation to remove former President Nicolas Maduro. 

Please find the full article attached below: Hidden PDF