US: MNI POLITICAL RISK - Trump Scrambles Outlook w/Hawkish Presser

• US President-elect Donald Trump delivered a wide-ranging press conference at his Mar-a-Lago resort in Florida yesterday. The most extensively reported comments related to Trump’s refusal to rule out ‘military or economic coercion’ to acquire sovereignty over the Panama Canal, Canada, and Greenland. Inside: A full summary of key comments relating to energy, foreign policy, trade, and legislation.
• Republican strategy for their reconciliation agenda will become clearer after Trump huddles with Senate Republicans today at 18:00 ET 23:00 GMT and then with House Republicans on the weekend.
• Trump is reportedly considering declaring a state of emergency to enact universal tariffs. House Speaker Mike Johnson (R-LA) told the press yesterday that: “The tariff matter will largely be in the executive branch,” adding, “I don’t know how much of it would be codified or expected to be codified [by Congress].”
• A handful of Republican fiscal hawks could sink the entire Republican agenda if Speaker Johnson follows through with plans to include a debt ceiling hike in a reconciliation package.
• Fed Governor Michelle Bowman has emerged as the frontrunner to replace Michael Barr as the Federal Reserve Bank’s Vice Chair of Supervision.
• President Biden reflected on his time in office in the final print interview of his presidency.
• Chart of the Day: The number of billion-dollar weather and climate disasters in the US have more than doubled since the 1990s and 2000s.

Full article: US Daily Brief