Morning Wire Johnson Wins Speaker Vote & Biden Blocks US Steel Sale | Afternoon Update | 1.3.25
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Jan 3, 2025 Mike Johnson reaffirms his role as Speaker, while Biden blocks a significant steel sale to Japan, citing national security. The resurgence of ISIS in Syria raises concerns about U.S. foreign relations and security measures. Meanwhile, U.S. and allied forces strike against ISIS, as home mortgage applications fall and Tesla faces delivery challenges. Legal battles unfold for Rudy Giuliani, and Bernie Sanders pitches new legislation to lower credit card interest rates, alongside a public health push for alcohol cancer warnings.
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Johnson's Speakership Win
- Mike Johnson secured the House Speaker position after some conservatives initially had reservations.
- This win is significant for advancing Trump's agenda, including border security and deregulation.
Biden Blocks Steel Sale
- Biden blocked a $14 billion sale of U.S. Steel to Nippon Steel, citing national security.
- This decision aligns with Trump's prior commitment to domestic steel ownership and has impacted U.S. Steel's shares.
ISIS Resurgence in Syria
- ISIS is gaining strength in Syria after Assad's regime fall, seizing abandoned weapons.
- The US, France, and Kurdish militia are increasing airstrikes, while Turkey supports a rival Islamist group.