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Despite its name, it won’t actually be a “department,” like the Department of Education or the Department of Homeland Security. “From the outside, will Musk and Ramaswamy be able to do a whole lot? During a late-October town hall on X, Musk suggested his ideal spending cuts could trigger economic pain for people. Democrats acknowledged they had little ability to prevent the Trump administration from enacting the changes Musk and Ramaswamy suggest. “In this second term in particular, President Trump has a better understanding of what needs to be done and how to do it,” Schatz said.

Persons: Donald Trump’s, Elon Musk, Vivek Ramaswamy, ” —, Ramaswamy, Trump, “, ” Musk, Max Stier, ” Stier, Musk, ”, MacGuineas, Joe Spielberger, ” Ramaswamy, Tucker Carlson, ” Sen, John Fetterman, “ It’s, Trump’s, —, they’re, Elon, Vivek, ” Spielberger, he’s, Lisa Gilbert, “ Musk, ’, Sen, Elizabeth Warren, Dean Phillips Organizations: Trump, “ Department, Government, Department of Education, Department of Homeland Security, White, Management, Budget, Partnership for Public Service, Social Security, Federal, Roivant Sciences, GOP, NBC News, FBI, Alcohol, Tobacco, Firearms, Explosives, Education Department, Nuclear Regulatory Commission, Food and Nutrition Service, Agriculture Department, Democrats, Senate, “, SpaceX, NBC, Twitter, Elon, Public Citizen, Democratic, Democrat Locations: Government

According to projections from The Associated Press, Republicans flipped control of the Michigan state House, padded their narrow majorities in the New Hampshire state House and Senate, and maintained their majority in the Pennsylvania state Senate. In Arizona, Republicans appeared poised to expand their narrow majorities in the state House and state Senate, though the AP hasn’t yet called enough races to make that determination. In many districts in both states, Democrats had centered their message on the accomplishments the party achieved with that power. Democrats, however, maintained their 102-101 majority in the Pennsylvania state House — the only bright spot for the party in state legislative chambers where partisan control had been at stake. In addition, Republicans’ victories in state legislative races came even as Democratic groups massively outspent them.

Persons: ’, Dee Duncan, Project’s, Daniel Squadron, Adam Pritzker, Tony Evers, Josh Stein Organizations: Associated Press, Senate, Republicans, AP, ” Republican, Democratic, States, Democratic Legislative, GOP, Democrats “, Wisconsin —, Gov, Democratic Gov Locations: Washington, Michigan, New Hampshire, Pennsylvania, Arizona, Minnesota, North Carolina, Wisconsin, Kansas, New York, Vermont, South Carolina

☆ Lebanese cease-fire efforts inch ahead as Israel keeps up fierce bombardment
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

Months of U.S. efforts to broker a deal between Washington’s ally Israel and Hezbollah have so far failed. In another potentially promising sign, a senior Lebanese official signalled that Hezbollah would pull its forces away from the Lebanese-Israeli border under a ceasefire. Its terms require Hezbollah to remove fighters and weapons from areas between the border and the Litani River, which runs about 20 miles from Lebanon’s southern border. After 2006, Israel complained Hezbollah fighters and weapons remained in the border are while Lebanon accused Israel of violating the resolution by sending warplanes into its airspace. Hezbollah attacks have killed about 100 civilians and soldiers in northern Israel, the Israeli-occupied Golan Heights and southern Lebanon over the last year, according to Israel.

Persons: Israel, “, ”, Ayat, Nabih Berri, Ali Hamdan, Ibrahim, Eli Cohen, Biden, Donald Trump, Benjamin Netanyahu, Ali Hassan Khalil, Al Jazeera, Amos Hochstein, Hochstein, Khalil, Cohen, Jean, Pierre Lacroix Organizations: Lebanon’s National News Agency, NBC News, Reuters, Ibrahim Amro, Getty, Washington Post, Trump, Israel, Lebanese, Security, Hezbollah, United Nations, Bank Locations: Lebanon, Beirut, Iran, Baalbek, U.S, Israel, Ghobeiry, Beirut's, AFP, Gaza, Lebanese, Israeli, Lebanon’s, The U.S, Golan

☆ Trump picks former Rep. Doug Collins for veterans affairs secretary
▼ + stars: | 2024-11-15 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

President-elect Donald Trump said Thursday that he will nominate Doug Collins, a former House member from Georgia, to lead the Department of Veteran Affairs in his administration. Collins, an Iraq war veteran who left Congress in 2021, was a fierce defender of Trump during his 2019 impeachment inquiry. "Doug is a Veteran himself, who currently serves our Nation as a Chaplain in the United States Air Force Reserve Command, and fought for our Country in the Iraq War," Trump said in a statement Thursday. Collins said he was honored to accept the nomination and vowed to deliver best-in-class care to veterans. Trump has expressed support for Collins in the past, having floated him as a potential challenger to Georgia Gov.

Persons: Donald Trump, Doug Collins, Collins, Trump, Doug, We’ll, they’ve, Brian Kemp Organizations: Department of Veteran Affairs, United States Air Force Reserve Command, Veterans, Families, Trump, Republican, Democratic, Georgia Gov Locations: Georgia, Iraq, House

President-elect Donald Trump said Thursday he will nominate Todd Blanche, one of his criminal defense lawyers, to be deputy attorney general. The statement noted that Blanche has experience working for the Justice Department — something former Rep. Matt Gaetz, R-Fla., Trump's choice for attorney general, does not have. Blanche was Trump's lead lawyer when he stood trial on charges of falsifying business records related to a hush money payment this year. If Blanche's nomination is confirmed before Gaetz's, he could serve as acting attorney general while Gaetz goes through the process. He will also nominate D. John Sauer, who argued Trump's successful immunity case before the Supreme Court, for solicitor general.

Persons: Donald Trump, Todd Blanche, Todd, Trump, Blanche, Justice Department —, Matt Gaetz, Trump's, Juan Merchan, Aileen Cannon, Jack Smith's, Smith ., Tanya Chutkan, Gaetz's, Gaetz, Emil Bove, Emil, John Sauer, John, Antonin Scalia, Sauer's Organizations: Justice Department, Justice, of New York United, of New York United States Attorney’s, Trump, State, Manhattan, White House, U.S, Smith . U.S, Senate, National Security Unit, United States Supreme, Supreme, MAGA Locations: Southern, of New York United States, ., Florida, Missouri

Former Detroit Lions linebacker Leander Antwione Williams was arrested in Georgia on Thursday and is charged with assaulting police officers during the Jan. 6 attack at the U.S. Capitol, federal prosecutors said. Williams, who went by Antwione Williams in the NFL, played for the Lions during the 2016 season. He’s also charged with three misdemeanors related to entering and remaining on restricted Capitol buildings and grounds, disorderly conduct and acts of physical violence. The FBI interviewed Williams at his home in 2023 and noticed a red key fob similar to one seen in the Jan. 6 video, the FBI agent wrote. More than than 1,561 people have been charged in connection with the Jan. 6 riot, and of those, more 590 have been charged with assaulting or impeding law enforcement, according to the Department of Justice.

Persons: Leander Antwione Williams, Williams, Antwione Williams, He’s, Trump, Williams “, “, Donald Trump, Joe Biden Organizations: Detroit Lions, U.S . Capitol, NFL, Lions, Attorney’s, Washington , D.C, Trump, U.S, Capitol, ” Capitol Police, FBI, White, Department of Justice Locations: Georgia, Savannah, U.S, Washington ,, Washington, Trump's

☆ More UK tax rises to come if the economy doesn't get moving, economist says
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore UK tax rises to come if the economy doesn't get moving, economist saysJames Smith, economist at ING, says U.K. Finance Minister Rachel Reeves' Mansion House reforms will be a key test of whether Labour can get the economy moving.

Persons: James Smith, Rachel Reeves Organizations: ING, Finance, Labour

☆ A Pennsylvania County and the Political Tensions in America
▼ + stars: | 2024-11-15 | by ( Philip Montgomery | Michael Sokolove | ) www.nytimes.com time to read: +9 min

Luzerne County is one of many counties in Pennsylvania — and across the country — that shifted to the right this year. Kevin Kraynak, a Luzerne County native, traveled from his home in California to try to get out the vote. Luzerne County became a hotbed of election denialism in 2020, and Pennsylvania is an open-carry state. Just over 152,000 total ballots were cast in Luzerne County — about the same as in 2020. In only one other Pennsylvania county were Trump’s gains greater.

Persons: Biden’s, Donald Trump, Dwayne McDavitt, Trump, Joe Biden, busloads, Democratic canvassers, Kevin Kraynak, “ I’m, ”, Jennifer Ziemba, “ We’re, MAGA, Philip Montgomery, ” Ziemba, “ I’d, Lee Ann McDermott, John, ” Constance Wynn, Wilkes, Wynn’s, Kim Pace, Harris, “, Dave Ragan, ” Pace, John McDermott, Lee Ann, McDermott, Hillary Clinton, “ He’s, ” Lee Ann, Jennifer Ziemba’s, Shelley Meuser, Dan Meuser, Terry Eckert, Adaíris Casado, —, ” Fredelina Paredes, Paredes, didn’t, Elizabeth Torrez, Torrez, Wadan Fernandez, Mr, ” Fernandez, ” Philip Montgomery Organizations: Trump, Amazon, Maxx, Democratic, Luzerne County Republican Party, Republican, The New York Times, “, Electoral, Luzerne County —, The New York, U.S . Army, Army Reserve, Iglesia, Hazleton Locations: Luzerne, Pennsylvania, Luzerne County, Wilkes, Barre, Scranton, Lackawanna County, California, Fort, Harveys Lake, state’s, Plains Township, Hazleton, Dominican Republic, United States

☆ I'm a financial doula. Here are 3 things new parents should budget for, plus questions they should ask themselves about money.
▼ + stars: | 2024-11-15 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on a conversation with Setu Shah, founder of Financial Doula. Here are the three items that all parents should budget for during the first year and beyond. Physical and mental healthIn the first year postpartum, there are so many small supports that can help parents, especially moms. AdvertisementSometimes, women need help in justifying these costs, especially if their male partner is making more money than they are. These 2 questions can help open money conversationsHaving a baby brings a lot of financial stress that many couples haven't faced before.

Persons: Setu Shah, —, I'd, I've, haven't, I'm Organizations: Service

☆ Argentina showing the biggest momentum among emerging markets: Analyst
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArgentina showing the biggest momentum among emerging markets: AnalystMalcolm Dorson of Global X talks about the emerging markets that have the biggest runway for growth and the highest opportunities for returns. He also discusses China's push for multilateralism as Donald Trump is poised to return to the White House.

Persons: Malcolm Dorson, Donald Trump Locations: Argentina

☆ How we're thinking about Eli Lilly after Trump picked obesity-drug critic RFK Jr. to run HHS
▼ + stars: | 2024-11-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Shares of obesity drugmaker Eli Lilly fell more than 4% on Friday, extending a roughly 3% slide in Thursday's session. Ozempic is the posterchild of the fast-growing GLP-1 class, in which Novo Nordisk and Eli Lilly are currently the two dominant players. Bottom line Eli Lilly has been our favorite drug stock for years thanks to its stellar pipeline led by GLP-1s. But, at this point, Kennedy's nomination requires us to be more cautious on Eli Lilly in the near term. Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.

Persons: Eli Lilly, Donald Trump, Robert F, Kennedy Jr, Kentucky Sen, Rand Paul, Kennedy, Trump, Eli Lilly's, John F, Kennedy —, LLY, Eli Lilly's GLP, Jim Cramer, David Ricks, Lilly, It's, Jim, it's, Jim Cramer's, Cristina Arias Organizations: Republican, Department of Health, Human Services, HHS, and Drug Administration, Centers for Disease Control, Medicare, Medicaid, Senate, Democratic, GOP, Media, Novo Nordisk, Moderna, Pfizer, Deutsche Bank, GSK, White, CDC, Street Journal, GLP, Big Pharma, FDA, tirzepatide, CNBC, Company, Pharmaceutical Locations: Washington, Kentucky, Danish, U.S, Alcobendas, Madrid, Spain

☆ It’s not just Democrats. Republicans are working to Trump-proof their climate money
▼ + stars: | 2024-11-15 | by ( Ella Nilsen | Renée Rigdon | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden’s climate law is on the chopping block as Republicans prepare to have full control in Washington. But it’s not just Democrats gearing up to protect the Inflation Reduction Act’s clean energy policies. In other words, if Republicans successfully repeal Biden’s climate and clean energy law, their districts stand to lose the most. Conservative groups and companies who are using the clean energy tax credits are already starting to lobby lawmakers to save them. “To demonstrate that these tax credits are really a net profit for the economy, that really is the name of the game.”

Persons: Joe Biden’s, it’s, Donald Trump, Buddy Carter, Trevor Houser, Trump gunning, ” Houser, Carter, Mike Johnson, Johnson, “, ”, Richard Hudson —, —, Adrian Deveny, they’ll, Heather Reams Organizations: CNN, Republican, ” Republican, Republicans, Massachusetts Institute of Technology, Congressional Republicans, Trump, Hyundai EV, Hyundai, North Carolina Rep, Toyota, MIT, Climate Vision, Conservative, Citizens, Responsible Energy Solutions Locations: Washington, Georgia, Carter’s Georgia

☆ FCA chief: UK regulation needs to spur growth as well as protect investors
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFCA chief: UK regulation needs to spur growth as well as protect investorsNikhil Rathi, chief executive of the FCA, discusses the U.K. chancellor's maiden Mansion House speech.

Persons: Nikhil Rathi Organizations: FCA

☆ Wall Street looks for Nvidia to take the baton from election trades to keep rally alive in the week ahead
▼ + stars: | 2024-11-15 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

What exactly President-elect Donald Trump's second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The Dow Jones Industrial Average surged past 44,000 for the first time ever, and the S & P 500 and the Nasdaq Composite similarly posted new records. Sales of Blackwell and Grace Blackwell are expected to start to show up in results next year. The SPDR S & P Regional Banking ETF has surged 11% this month.

Persons: Donald Trump's, Jimmy Chang, Jensen Huang, CNBC's, Blackwell, Grace Blackwell, Harsh Kumar, Piper Sandler, Kumar, Jensen, Donald Trump, Robert F, Kennedy Jr, Novavax, Ken Mahoney, Trump, There's, Mahoney, Rockefeller's Chang, Chris Rupkey, Jerome Powell Organizations: Dow Jones, Nasdaq, Rockefeller Global Family, Treasury, Nvidia, Blackwell, Health, Human Services Department, Moderna, Asset Management, Regional Banking ETF, Federal, White, FWDBONDS, Housing, Walmart, Lowe's, Palo Alto Networks, Philadelphia Fed, . Kansas City Fed Manufacturing, Ross Stores, Intuit, Deere, PMI, PMI Manufacturing, PMI Services Locations: China, U.S, NAHB, . Kansas, Michigan

☆ Japanese Princess Yuriko, oldest member of imperial family, dies at 101
▼ + stars: | 2024-11-15 | by ( Associated Press | ) edition.cnn.com time to read: +2 min

Tokyo (AP) — Japanese Princess Yuriko, the wife of wartime Emperor Hirohito’s brother and the oldest member of the imperial family, has died after her health deteriorated recently, palace officials said. Yuriko died Friday at a Tokyo hospital, the Imperial Household Agency said. Imperial Household Agency/APThe 1947 Imperial House Law, which largely preserves conservative prewar family values, allows only males to take the throne and forces female royal family members who marry commoners to lose their royal status. She enjoyed exercise in the morning while watching a daily fitness program on television, the Imperial Household Agency says. Her overall condition deteriorated over the past week, the Imperial Household Agency said.

Persons: Yuriko, Emperor Hirohito’s, Prince Mikasa, Hirohito, Emperor Naruhito, Princess Yuriko, Prince Hisahito —, Emperor Naruhito — Organizations: Tokyo, Imperial Household Agency, Law Locations: Tokyo

☆ ‘We are not Disneyland’: Outrage in Rome over Airbnb ‘gladiator’ battles at the Colosseum
▼ + stars: | 2024-11-15 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +6 min

Rome CNN —The ancient Colosseum in Rome has witnessed some historic battles, with toga-clad crowds once packing the gigantic venue to watch gladiators slug it out against opponents including lions and baboons. On one side of the arena is holiday rental giant Airbnb and the Colosseum Archaeological Park, which oversees the ruined structure, which is one of Rome’s most visited attractions. You will become a gladiator,” promises the AirBnB advertisement. “A publicity stunt by Airbnb which, after having effectively taken possession of the historic center, completely distorting it and turning it into a large tourist park, now wants to ridicule the Colosseum,” he said Friday. Federico Mollicone, a member of her party who heads the Lower House of Parliament’s Culture Commission said he applauds the innovative idea.

Persons: ”, Ridley Scott, “, Massimiliano Smeriglio, ” Smeriglio, Smeriglio isn’t, Erica Battaglia, Vatican’s, Trevi, Enzo Foschi, ” Airbnb, Giorgia, Brothers, Italy, Federico Mollicone Organizations: Rome CNN, Paramount, CNN, Rome’s Culture, UNESCO, Democratic Party, overtourism, Italian, Culture Commission, Culture, Ministry of Culture Locations: Rome, Eternal

☆ Trump’s latest controversial Cabinet pick could have a huge impact on Americans’ health and lives
▼ + stars: | 2024-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

The president-elect’s previous selections for director of national intelligence, attorney general and defense secretary could change the country and the world in the long term. The US Department of Health and Human Services secretary has a massive platform and huge power to influence the information that Americans have and the choices they make. “I guess if you like health and you like people who live a long time, it is the most important position,” Trump said. Christina House/Los Angeles Times/Getty ImagesAnother health expert and former US Centers for Disease Control and Prevention acting director condemned the pick. The highly contagious disease is preventable with two doses of the measles vaccine that most Americans get as kids.

Persons: Donald Trump’s, Robert F, Kennedy Jr, “, Kennedy, Trump’s MAGA, Kennedy’s ascendency, Bobby ’ Kennedy, ” Trump, Bobby, ”, Matt Gaetz, Trump, Pete Hegseth, Tulsi Gabbard, Bashar al, Assad, Carlos Barria, Jake Tapper, Indiana Sen, Jim Banks, Jake, Donald Trump, ” Banks, —, ’ Kennedy, he’d “, Dr, Ashish Jha, Covid, CNN’s Wolf Blitzer, Jha, Christina House, Richard Besser . Besser, CNN’s Kaitlan Collins, kindergartners, Mandy Cohen, CNN’s Meg Tirrell, who’s, ” Cohen, Lex Fridman’s, CNN’s Kasie Hunt, don’t, –, ’, won’t, Mitch McConnell — Organizations: CNN, National Institutes of Health, RFK Jr, Trump, US Department of Health, Human Services, Trump’s, Fox News, America, Reuters, Biden, Brown University’s School of Public Health, Republican, Democratic, “ RFK, Los Angeles Times, US Centers for Disease Control, World Health Organization, CDC, Milken, Health Summit, Trump Cabinet, Senate, FBI, GOP Locations: Lago, Florida, Palm Beach , Florida, Washington, Huntington Park , California

☆ ‘Just pure uncertainty.’ Small businesses are hopeful and fearful ahead of Trump’s second term
▼ + stars: | 2024-11-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

However, the post-election environment is hitting different this time around for many small business owners, such as Barrel-Art’s Michael Prieto, and leaving them wondering what comes next. For business owners who already were unsettled about the economy or its direction prior to the election, navigating the months and years ahead could be even more precarious, he added. Running leaner, hoping for cheaper moneyIn the months leading up to the election, Prieto was taking a wait-and-see approach. Michael Prieto, owner of Barrel-Art, in his shop in Newport News, VA, on November 13. Michael M. Santiago/Getty ImagesSmall business owners, by their nature, are optimistic, he said.

Persons: Michael Prieto, Donald Trump, John Arensmeyer, they’ve, ” Arensmeyer, “, ”, Art’s Prieto, Prieto, America ”, “ It’s, he’d, We’ve, Arensmeyer, Michael M, I’ve, Clifton Broumand, Janna Rodriguez, Rodriguez, she’d, can’t, JD Opel, he’s, ” Opel, ” JD Opel, — Opel, “ I’ve, Trump, Jeff Wood’s, ” Wood, we’ve, it’s, Marc Marcuse, Marcuse Organizations: CNN, Small, Economic, Shipping, Port, Getty, Machine, Corp, Opel, Reel Management, Management’s, Republican, White Locations: America, Newport News, Newark, New Jersey, China, Maryland, Freeport , New York, Evansville , Indiana, Jeff Wood’s Coldwater, Florida , Georgia, Utah, Pennsylvania, Los Angeles, Florida

☆ Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
▼ + stars: | 2024-11-15 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Details on the proposal are scant and some Democrats have called the overtime tax promise "as fake as his tan." "As part of our additional tax cuts, we will end all taxes on overtime," he said at a rally in Tucson, Arizona. Among these, 82.1 million were hourly workers and 15.6 million were salaried workers, the report said. Meanwhile, about 7% of hourly workers and 70% of salaried workers do not qualify for FLSA, the report said. For example, would it be designed as just an income tax or would it be a payroll tax exemption as well?

Persons: Donald Trump, Trump, Karoline Leavitt, Vance, There's, Russ Fulcher, Joseph Rosenberg, FLSA, John Ricco, Alex Muresianu, Muresianu, Rosenberg Organizations: Cobb Energy Performing Arts Centre, Republican, President, Trump, Fair Labor, Brookings Tax, Department of Labor, FLSA, Yale, Lab, Tax Foundation, Social Security Locations: Atlanta , Georgia, U.S, Tucson , Arizona, Idaho, Alabama, Wisconsin, DOL

☆ Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
▼ + stars: | 2024-11-15 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber. The money will be used to acquire 100,000 Nvidia chips, per sources familiar with the situation. Musk's AI startup, which he announced in July 2023, seeks to "understand the true nature of the universe," according to its website. Last November, X.AI released a chatbot called Grok, which the company said was modeled after "The Hitchhiker's Guide to the Galaxy."

Persons: Elon Musk, Donald Trump, CNBC's David Faber, Faber, Tesla, X.AI, OpenAI, Musk, Sam Altman, Google's Bard, Claude chatbot, Trump, Biden's Organizations: Republicans, Hyatt, Elon, Memphis, Google's Locations: Washington , DC

☆ Woman told House Ethics Committee she saw Gaetz have sex with a minor, lawyer says
▼ + stars: | 2024-11-15 | by ( Casey Gannon | Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —The attorney who represents two women who were witnesses in the House Ethics Committee probe into former congressman Matt Gaetz said Friday that one of his clients told the panel she saw the congressman having sex with a minor. “My client testified to the House Ethics Committee that she witnessed Matt Gaetz having sex with a minor,” said attorney Joel Leppard, whose clients sat for closed-door testimony before the committee as part of the now-dropped investigation into the Florida Republican. The Justice Department deemed the files too sensitive to release even to the House Ethics Committee. And House Speaker Mike Johnson said Friday he does not think the panel’s findings should be released and that he was “going to strongly request” the committee not do so. CNN’s Hannah Rabinowitz, Evan Perez, Annie Grayer, Manu Raju and Lauren Fox contributed to this report.

Persons: Matt Gaetz, ”, Joel Leppard, ” Gaetz, Gaetz, “ Merrick, Donald Trump, Gaetz’s, Leppard, Mike Johnson, Trump, Pete Hegseth, CNN’s Hannah Rabinowitz, Evan Perez, Annie Grayer, Manu Raju, Lauren Fox Organizations: CNN, Florida Republican, ABC News, Department of Justice, Senate, DOJ, Justice Department, Democrats, Republicans, Fox News Locations: Florida

CNN —President-elect Donald Trump’s transition team is bypassing traditional FBI background checks for at least some of his Cabinet picks while using private companies to conduct vetting of potential candidates for administration jobs, people close to the transition planning say. It also reflects Trump’s deep mistrust of the national security establishment, which he derides as the Deep State. If Gaetz does not participate in the vetting process, the FBI could still try to do a basic investigation at the request of the Senate. Instead, Trump’s transition team has been focused on conducting its own internal vetting of candidates for top administration jobs. So if Trump’s team continues to skirt the vetting process, those tapped for key roles wouldn’t be able to receive briefings until then.

Persons: Donald Trump’s, Trump, Matt Gaetz, Tulsi Gabbard, Dan Meyer, “, ”, Trump’s, Gaetz, Gabbard, Bashar al, Vladimir Putin’s, Biden, Jared Kushner, won’t, wouldn’t, Mike Waltz Organizations: CNN, Trump, FBI, Justice Department, NATO Locations: Washington, Washington ,, Florida, Syria, Russia, Assad, United States, Ukraine, Moscow

☆ A millennial couple in Singapore spent 8 months turning a rundown unit into their dream home. Take a look inside.
▼ + stars: | 2024-11-15 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Jeremy Ng and Amanda Misso bought the first floor of a 1950s house in Singapore for about $1.34 million. AdvertisementJeremy Ng and Amanda Misso bought their house in Singapore in 2022. Amanda Goh/Business Insider"Sometimes, when you go to viewings, every other condo looks the same. Amanda Goh/Business InsiderAbout a fifth of the country's resident population lives in private housing, which includes condominiums and landed property. Amanda Goh/Business InsiderAs much as they love their house, there's just one tiny thing they wish they'd changed about the place.

Persons: Jeremy Ng, Amanda Misso, —, Joo Chiat, Amanda Goh, Misso, Ng, Jill, they're, Amanda, there's, they'd, you've Organizations: Service, Singapore —, Zurich —, Housing, Urban Land Institute Asia Pacific Centre for Housing Locations: Singapore, Geylang

☆ European markets set to open lower; UK GDP ticks up slightly
▼ + stars: | 2024-11-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

European markets were set to open lower Friday, as investors looked ahead to fresh data and assessed the future path for interest rate cuts following hawkish comments from U.S. Federal Reserve Chair Jerome Powell. The U.K.'s FTSE 100 index was seen opening 13 points lower at 8,054, Germany's DAX 39 points down to 19,210, France's CAC lower 26 points at 7,283 and Italy's FTSE MIB 129 points down to 33,966, according to IG data. Across the Atlantic, speaking Thursday, Powell said that strong U.S. economic growth is allowing policymakers to take their time in deciding how far and how fast to lower interest rates. U.S. stock futures inched lower overnight as Wall Street continued to assess the comments and the future path of the post-election rally. Asia markets, meanwhile, were mixed during Friday's session.

Persons: Jerome Powell, Germany's DAX, Powell Organizations: U.S . Federal, CAC, Burberry, Labour, Aegon, Experian Locations: U.S, Asia

☆ Why Elon Musk's push to cut federal waste might succeed where others failed
▼ + stars: | 2024-11-15 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Elon Musk and Vivek Ramaswamy are promising to tame the federal government. Substantial changes to the federal budget would most likely require action from legislators, though Trump transition officials are reportedly looking for ways to short-circuit Congress' power over spending. AdvertisementPast presidents have tried to cut the federal budget with mixed successThe federal government isn't a business. AdvertisementClinton took another stab at cutting federal spending and improving government processes with his National Performance Review, which was led and staffed by federal employees instead of the private sector. AdvertisementSocial Security and Medicare are the two single biggest areas of federal spending, and changing them could be politically unpopular.

Persons: Elon Musk, Vivek Ramaswamy, they've, Trump, Reagan, Clinton, Ronald Reagan, Bill Clinton, David Walker, J, Peter Grace, Grace, didn't, Musk, Ramaswamy, Thomas Schatz, hasn't, Lex Fridman's, Veronique de Rugy, —, de Rugy Organizations: Government, Department of Government, Trump, Congress, Government Waste, Grace, Office, Citizens, Securities and Exchange Commission, Federal Aviation Administration, SpaceX, Social, Cato Institute, Social Security, GOP

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