DONALD TRUMP ADMINISTRATION
Trump pick Lutnick's firm in talks with Tether for $2 billion bitcoin lending project, Bloomberg reports
Howard Lutnick, nominated by Trump for Commerce Secretary, plans to strengthen financial ties with Tether. Lutnick's firm, Cantor Fitzgerald, and Tether are discussing a $2 billion project. The project involves lending dollars against bitcoin. This collaboration could potentially grow to tens of billions of dollars. Lutnick's firm already manages billions in Treasuries for Tether, generating substantial annual revenue.
Donald Trump taps key Project 2025 architect Russ Vought to head budget office
President-elect Donald Trump has appointed Russ Vought, a key figure in "Project 2025," as director of the U.S. Office of Management and Budget. The project, a conservative plan to reshape the government, has drawn criticism for its proposals to expand presidential power and implement hard-right policies.
Donald Trump chooses former NFL player Scott Turner to be his housing secretary
President-elect Donald Trump announced his nomination for key economic positions. Scott Bessent, a hedge fund manager, is tapped for Treasury Secretary, while Russell Vought, known for his conservative fiscal views, is nominated to lead the Office of Management and Budget. Bessent aims to tackle the national debt, potentially through spending cuts and extending tax cuts.
Donald Trump announces US envoys to NATO, Canada
President-elect Donald Trump has appointed Matthew Whitaker as US Ambassador to NATO and Pete Hoekstra as Ambassador to Canada. Trump praised Hoekstra's previous work on NAFTA and as Ambassador to the Netherlands. He emphasized Whitaker's role in ensuring US interests and strengthening NATO alliances.
Donald Trump interviewing candidates for FBI chief, JD Vance says in later-deleted social media post
Incoming Vice-President JD Vance is working with former President Donald Trump to interview candidates for key positions in their upcoming administration, including a new FBI Director. Trump aims to replace Christopher Wray, whom he appointed in his previous term, signaling a potential shift in the agency's leadership.
Donald Trump taps former congressman Sean Duffy for transportation secretary
President-elect Donald Trump has nominated former congressman Sean Duffy for the position of transportation secretary. Duffy, a Fox Business host and advocate for fiscal responsibility, is expected to oversee infrastructure upgrades and eliminate diversity programs within the transportation sector. Trump's nomination of Duffy, alongside other controversial picks, awaits Senate approval.
G20 wrestles with wars, climate in run-up to Donald Trump
G20 leaders gathered in Brazil amidst global uncertainty, with Chinese President Xi Jinping highlighting a "new period of major changes." The summit, marked by President Biden's final appearance and the looming return of Donald Trump, aimed to address pressing issues like climate change, global conflicts, and poverty.
Donald Trump's top team: who's who?
US President-elect Donald Trump is building his administration team ahead of retaking the White House in January, handing top roles to his closest allies. Trump said that another wealthy ally, Vivek Ramaswamy, would co-lead the new department.
Trump's cabinet: Who's been picked, who's in the running?
Following his election victory, President-elect Donald Trump has announced a wave of cabinet and high-ranking administration appointments. Trump's selections include familiar names like Marco Rubio as Secretary of State and controversial figures like Robert F. Kennedy Jr. as Health and Human Services Secretary. The picks reflect Trump's policy priorities, including immigration, deregulation, and a more assertive foreign policy.
Why Kamala Harris, who raised $1 billion-plus in Presidential campaign, is still asking for money from donors after defeat
Despite losing the presidential election to Donald Trump, Vice President Kamala Harris's campaign is actively soliciting donations to cover campaign expenses. While the campaign assures the public that all bills were paid on Election Day, they are actively fundraising, citing ongoing political battles and tight congressional races.
Trump names Karoline Leavitt as youngest ever White House press secretary
Donald Trump has appointed Karoline Leavitt, his 27-year-old campaign press secretary, as White House Press Secretary. Leavitt, who would be the youngest person to hold the position, previously served in Trump's White House press office and as a spokesperson for his super PAC. Trump has indicated he may hold frequent press briefings himself in his new administration.
Trump defense pick Hegseth accused of 2017 sexual assault
Pete Hegseth, Donald Trump's controversial pick for Secretary of Defense, has been accused of sexual assault in 2017, though no charges were filed. The incident, which allegedly took place at a hotel in Monterey, California, was investigated by local police, but they found no evidence to support the claims. Hegseth, a Fox News host and National Guard veteran, denied the allegations, and Trump¡¯s team has expressed support for his nomination.
Pete Hegseth: Trump's pick to lead Defense Department was accused of sexual assault in 2017
Pete Hegseth, Fox News host and Donald Trump's pick for Defense Secretary, faced a sexual assault allegation in 2017 after an event in California. Monterey officials confirmed a police report was filed alleging an incident at the Hyatt Regency Hotel involving Hegseth and an unnamed individual. Hegseth denied the allegations through his lawyer, stating the police found no evidence.
Last actions Biden administration will take before Trump takes over White House
The Biden administration is working to implement key policies before Trump assumes office. These include infrastructure projects, environmental protection measures, and judicial appointments. The administration is also rushing to provide Ukraine aid and finalize student loan forgiveness plans. These efforts face opposition from Trump and Republicans, who may attempt to undo them.
Donald Trump picks North Dakota Governor Burgum for interior secretary
At a Mar-a-Lago gala, President-elect Donald Trump announced North Dakota Governor Doug Burgum as his pick for Interior Secretary. Burgum, a former software executive and staunch Trump supporter, is expected to prioritize increasing oil, gas, and mineral production on federal lands. This signals a shift from the Biden administration's focus on renewable energy and conservation.
Vivek Ramaswamy's journey from bright son of immigrants to being Donald Trump's pick
Vivek Ramaswamy, a biotech entrepreneur and former Republican presidential candidate, has been appointed by President-elect Donald Trump to lead the Department of Government Efficiency alongside Elon Musk. Ramaswamy, the son of Indian immigrants, previously founded Roivant Sciences and Strive, accumulating a net worth close to a billion dollars.
Donald Trump offers Elise Stefanik job as US ambassador to UN: Report
CNN reported that President-elect Donald Trump has offered Republican Representative Elise Stefanik the position of U.S. ambassador to the United Nations. Stefanik is a staunch Trump supporter. Although Trump has begun meeting with potential candidates, his team has stated that decisions will be announced in due course.
Steven Mnuchin won't rejoin Trump administration, but has advice on sanctions, debt
Former Treasury Secretary Steven Mnuchin has announced he will not be returning to the Trump administration but is open to advising his successor. Mnuchin highlighted the importance of strengthening sanctions against Iran and Russia and addressing the rising U.S. debt. He also emphasized the need for continuity in U.S. trade policy, particularly with China.
Rob Lighthizer not to return as US trade representative in Donald Trump 2.0 administration
Contrary to a Financial Times report, sources revealed to Reuters that former US Trade Representative Robert Lighthizer has not been approached for a potential return to the Trump administration. Despite speculation, Lighthizer's involvement in trade policy discussions remains unconfirmed. While he remains a potential candidate for other cabinet positions, Lighthizer has declined to comment on the matter.
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