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Photos: Okonjo-Iweala by Shaun Curry/AFP/Getty; Malpass by Mario Tama/Getty

The next big test of U.S. dominance is going to be what happens when the Trump administration announces its nomination for the next president of the World Bank.

Driving the news: The front-runner is David Malpass, currently undersecretary for international affairs at Treasury. Malpass would be a divisive figure at the World Bank. If Malpass were to be nominated by the U.S., other shareholders might well nominate a rival candidate, probably former Nigerian Finance Minister Ngozi Okonjo-Iweala.

  • On paper, Okonjo-Iweala is far more qualified for the job than Malpass is, not least because she spent many years holding senior positions at the World Bank and knows how it works. She is also now a U.S. citizen and has interviewed at the White House for the World Bank job.
  • If the White House doesn't nominate Okonjo-Iweala, Malpass would probably win a competitive race against her. European countries would be very hesitant to vote against the U.S. candidate, lest the U.S. vote against their candidate when the IMF job next comes up for a vote.

The bottom line: If the U.S. were interested in forging consensus at the World Bank, it would nominate someone like Okonjo-Iweala, or former PIMCO chief Mohamed El-Erian, or former PepsiCo CEO Indra Nooyi. That candidate would then probably coast in unopposed. If Malpass gets the nod, that's a sign that Trump is uninterested in keeping the rest of the world happy.

Go deeper

2 hours ago - Politics & Policy

Trump to issue at least 100 pardons and commutations before leaving office

Photo: Mandel Ngan/AFP via Getty Images

President Trump plans to issue at least 100 pardons and commutations on his final full day in office Tuesday, sources familiar with the matter told Axios.

Why it matters: This is a continuation of the president's controversial December spree that saw full pardons granted to more than two dozen people — including former Trump campaign chair Paul Manafort, longtime associate Roger Stone and Charles Kushner, the father of Trump's senior adviser and son-in-law, Jared Kushner.

  • The pardons set to be issued before Trump exits the White House will be a mix of criminal justice ones and pardons for people connected to the president, the sources said.
  • CNN first reported this news.

Go deeper: Convicts turn to D.C. fixers for Trump pardons

Schumer's m(aj)ority checklist

Senate Minority Leader Chuck Schumer. Photo: Tasos Katopodis/Getty Images

Capitalizing on the Georgia runoffs, achieving a 50-50 Senate and launching an impeachment trial are weighty to-dos for getting Joe Biden's administration up and running on Day One.

What to watch: A blend of ceremonies, hearings and legal timelines will come into play on Tuesday and Wednesday so Chuck Schumer can actually claim the Senate majority and propel the new president's agenda.

The dark new reality in Congress

National Guard troops keep watch at security fencing. Photo: Kent Nishimura/Los Angeles Times via Getty Images

This is how bad things are for elected officials and others working in a post-insurrection Congress:

  • Rep. Norma Torres (D-Calif.) said she had a panic attack while grocery shopping back home.
  • Rep. Jim McGovern (D-Mass.) said police may also have to be at his constituent meetings.
  • Rep. Adam Kinzinger (R-Ill.) told a podcaster he brought a gun to his office on Capitol Hill on Jan. 6 because he anticipated trouble with the proceedings that day.

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