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Former Rep. Matt Gaetz, R-Fla., on Thursday announced that he would withdraw his name from consideration to be President-elect Donald Trump's attorney general. In a post on TruthSocial, Trump praised Gaetz and said he had been doing "very well" in the confirmation process. "I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. Gaetz has vehemently denied those allegations and the investigation ended with the Justice Department electing not to charge Gaetz. The committee had been looking into the allegations against Gaetz on and off since 2021.
Persons: Matt Gaetz, Donald Trump's, Vance, Gaetz, Trump, Matt, , , Joni Ernst, John Cornyn, Ernst, “ I’m, Grassley, ” Ernst, I’m, Cornyn, “ Everything’s, ” Cornyn Organizations: Trump, DOJ, Administration, Justice Department, Capitol, Sens, NBC News Locations: Washington, Gaetz, Iowa, Texas
“Far too often, patients relying on federal government health care programs are forced to accept bureaucratic, one-size-fits-all coverage,” Crapo said. But Trump’s lack of specificity about health care could empower Oz to fill in the blanks. Oz said on an AARP questionnaire: “We can expand Medicare Advantage plans. If Oz is confirmed and chooses to push more people into Medicare Advantage, as he has pitched, he may not have too hard a time. “In our focus groups, people say they’re satisfied with both traditional Medicare and Medicare Advantage, and they make their choices based on different preferences,” Neuman said.
Persons: WASHINGTON, Donald Trump, Mehmet Oz, Mike Crapo, ” Crapo, “ Dr, Oz, George Halvorson, , Kamala Harris ’, , Larry Levitt, Harris, ” Levitt, Trump, Sen, James Lankford, hasn’t, ” Lankford, Obama, Obamacare, Patty Murray, “ Trump, Ron Wyden, Tricia Neuman, Neuman, ” Neuman, Arthur Caplan, ” Caplan, ” Wyden, they’re, Lankford, ” Sen, Mike Rounds, there’s, We’ll, pare, “ It’s, Caplan, ” Oz, John Fetterman, he’s, “ We’re, ” Fetterman, I’m Organizations: Medicare, Services, Forbes, Kaiser Permanente, Agency, Senate, Health, Education, Labor, Pensions, NYU Langone Medical, Commonwealth Fund, Locations: Idaho, KFF, New York City, Pennsylvania
WASHINGTON — The Senate voted overwhelmingly Wednesday night to reject three efforts led by progressive Sen. Bernie Sanders that would have blocked certain offensive weapons sales to Israel. In a speech on the Senate floor ahead of the vote, Sanders argued that the resolutions "would not affect any of the systems Israel uses to defend itself from incoming attacks," focusing instead on offensive weapons. "As I have said many, many times: Israel had the absolute right to respond to that horrific Hamas attack, as any other country would. I don’t think anybody here in the United States Senate disagrees with that," he said in his floor speech. More than 43,000 Palestinians have been killed in Israel’s offensive into the dense enclave since the attack, according to health officials in Gaza.
Persons: WASHINGTON, Sen, Bernie Sanders, Sanders, Benjamin Netanyahu, Ed Markey, Netanyahu, Martin Heinrich, Tammy Baldwin, , Catherine Cortez Masto, ” Sen, Jacky Rosen, , Joni Ernst, Bill Cassidy, Israel’s Organizations: U.S, United States, Hamas, Democrats, Biden Locations: Israel, Gaza, U.S, United States, D, Iowa
China’s recent breach of the innermost workings of the U.S. telecommunications system reached far deeper than the Biden administration has described, the chairman of the Senate Intelligence Committee said on Thursday, with hackers able to listen in on telephone conversations and read text messages. “The barn door is still wide open, or mostly open,” the Democratic chairman, Senator Mark Warner of Virginia, a former telecommunications executive, said in an interview on Thursday. and other investigators believed that China’s hackers used stolen passwords to focus mostly on the system that taps telephone conversations and texts under court orders. It is administered by a number of the nation’s telecommunications firms, including the three largest — Verizon, AT&T and T-Mobile. But in recent days, investigators have discovered how deeply China’s hackers had moved throughout the country by exploiting aging equipment and seams in the networks connecting disparate systems.
Persons: Biden, Mark Warner of, Warner, Donald J, Trump, JD Vance Organizations: Senate Intelligence, Democratic, Microsoft, Verizon Locations: Mark Warner of Virginia, China
But the Tesla and SpaceX CEO said he's had little input on Trump's Cabinet picks. Elon Musk says he's had little input on President-elect Donald Trump's cabinet picks. He was a major contributor to Trump's campaign, spending just under $119 million on his pro-Trump political action committee, America PAC. Musk, according to multiple media reports, has joined Trump's calls with Ukrainian President Volodymyr Zelenskyy and Google CEO Sundar Pichai. Lutnick, Musk wrote in an X post on November 16, "will actually enact change," compared to another candidate, hedge fund CEO Scott Bessent.
Persons: Elon Musk, Donald Trump, he's, Musk, Donald Trump's, Haven't, Robert F, Kennedy Jr, cott, ott Organizations: SpaceX, Cabinet, New York Post, Trump's, UFC, Trump, Madison Locations: Lago, Palm Beach , Florida, usk
However, the four Biden appellate nominees already faced tough odds of confirmation, with some, like 3rd US Circuit Court of Appeals nominee Adeel Mangi, facing opposition among Democrats as well. The Senate deal puts Biden in a position to potentially beat Trump’s record of number of district court judges confirmed. Still, Demand Justice, an organization that advocates for progressive judicial nominees, blasted the new deal for depriving the four Biden circuit nominees of floor votes. Those efforts were always going to face headwinds and got more arduous when Trump demanded that Senate Republicans blockade all pending Biden nominees for the bench. Under the new deal, Republicans backed off procedural tactics that would stymie the confirmations of six district nominees that were on the floor Wednesday night and on Thursday.
Persons: Joe Biden’s, Donald Trump’s, Biden, Adeel Mangi, , Chuck Schumer, Trump, haven’t, Obama, Maggie Jo Buchanan, , Donald Trump, headwinds, Independent Sen, Joe Manchin’s, Kyrsten Sinema, Washington –, Dick Durbin Organizations: CNN, Senate, Liberal, Democratic, Republicans, Biden, Democrats, GOP, Trump, Demand, Independent, Republican, Illinois Democrat Locations: Washington, Arizona, Illinois
CNN —Hours after his first pick to run the nation’s top law enforcement agency dropped out, President-elect Donald Trump named former Florida Attorney General Pam Bondi as his new choice to run the Justice Department. Trump met in person with Bondi at Mar-a-Lago before officially offering her the job, a source familiar told CNN. Democratic lawmakers accused Bondi of declining to pursue an investigation into Trump University fraud allegations after receiving the donation. … I never said I don’t like gay people.”After leaving the Florida attorney general’s office, Bondi joined Ballard Partners, a lobbying firm with deep ties to Trump and Wiles. The family told The Tampa Bay Times that Bondi stole the dog, while Bondi accused the family of neglect.
Persons: Donald Trump, Pam Bondi, Trump, Matt Gaetz, ” Trump, Pam, ” Bondi, Gaetz, Trump’s, , Susie Wiles, Boris Epshteyn, Jeff Sessions, Bondi, CNN’s Anderson Cooper, , , ” Cooper, , Wiles, Jack Smith, , Aileen Cannon, Bernard, Master Tank, Tank Organizations: CNN, Justice Department, of Justice, DOJ, FIRST, Florida Republican, Senate, Bondi, Trump, Democratic, Trump University, Center, Litigation, Policy Institute, Fox News, Obamacare, Ballard Partners, Foreign, Hurricane, Tampa Bay Locations: Florida, Bondi, Mar, Trump, Tampa, Qatar, Louisiana, Tampa Bay Times
Congressional Republicans acknowledge that Vance hasn’t necessarily developed longstanding relationships on Capitol Hill during his abbreviated time in Washington. His coattails turned a 49-51 senate to a 53-47 senate,” Vance wrote on X on Wednesday. The three developed a bond that predates the campaign and has carried into the early days of Trump’s transition. But when you look at the effectiveness of JD in the campaign, there’s no better surrogate for President Trump’s agenda,” the adviser said. “In JD’s view, his role of VP is to take on any issue that President Trump would like him to take on,” the person close to Vance told CNN.
Persons: JD Vance, Donald Trump’s, Vance, Matt Gaetz, he’ll, Pete Hegseth, Vance hasn’t, , North Dakota Sen, Kevin Cramer, Trump, , Donald Trump, ” Cramer, ” Vance, “ Donald J, coattails, Joe Biden’s, Grace Chong, Steve Bannon’s, Chong, ” Trump, Tom Homan, , Tulsi Gabbard, Donald Trump Jr, , Trump’s MAGA, Kamala Harris ’, JD, James Braid, “ Vance, you’ll, ” CNN’s Ted Barrett Organizations: CNN, Capitol, Trump’s Cabinet, Florida Rep, Fox News, Department of Defense, Senate, White, GOP, Cabinet, Trump, FBI, Republican, Democratic, Mar, Elon, JD, Central America —, , White House Locations: Ohio, Washington, North Dakota, Central, Trump
As head of the WWE, Linda McMahon oversaw its transformation from a wrestling entertainment company into a publicly traded media empire. He also would often film his sexual abuse, according to the filing. Both Linda and Vince McMahon were aware of Phillips’ abuse, the lawsuit alleges. In 2023, the Maryland Child Victims Act, which repeals the statute of limitations in certain child sexual abuse civil lawsuits, became law. Linda McMahon worked in Trump’s first Cabinet as the administrator of the Small Business Administration before stepping down in 2019 to chair a pro-Trump super PAC.
Persons: Linda McMahon, Donald Trump, McMahon, Vince, McMahon —, Melvin Phillips Jr, Phillips, , John, “ Phillips, , Linda, Vince McMahon, Laura Brevetti, ” Brevetti, “ Ms, Vince McMahon “, ” Jessica Rosenberg, Rosenberg, Phillips ’, , , Philips, Greg Gutzler, DiCello Levitt, Murphy, Falcon, Trump’s, Katelyn Polantz Organizations: CNN, Department of Education, Wrestling Entertainment, WWE, Senate, Holdings, New York Post, Maryland Child, Small Business Administration, Trump, America, Policy Institute, TK Holdings, US, Office, of Locations: Connecticut, Baltimore County , Maryland, New York, Southern, of New York
Matt Gaetz, who faced a torrent of scrutiny over allegations of sex trafficking and drug use, abruptly withdrew his bid to become attorney general on Thursday in the first major political setback for President-elect Donald J. Trump since his election this month. The collapse of Mr. Gaetz’s prospective candidacy just 16 days after the election appeared to be the earliest such failed cabinet pick in modern history and underscored the haphazard way that Mr. Trump has gone about assembling his new administration. He picked Mr. Gaetz almost on a whim last week without extensive vetting, knowing that allegations were out there, but essentially daring Senate Republicans to accept him anyway. Mr. Trump moved quickly to replace Mr. Gaetz with another conservative favorite. By the day’s end, he announced on social media that he planned to nominate Pam Bondi, the former attorney general of Florida and one of his defense lawyers in his first impeachment trial, to be U.S. attorney general.
Persons: Matt Gaetz, Donald J, Trump, Gaetz, Pam Bondi Organizations: Senate, Justice Department Locations: Florida
President-elect Donald J. Trump said on Thursday that he would nominate Pam Bondi to be attorney general, turning to a longtime loyalist who served as state attorney general in Florida to put his stamp on a Justice Department that he sees as politically hostile to him. Mr. Trump announced her selection hours after his first choice, Matt Gaetz, withdrew from consideration amid a growing consensus that he could not be confirmed by the Senate because of allegations that he had taken part in drug-fueled sex parties. Mr. Trump has been keen to install a close ally to head the Justice Department, which he has vowed to purge of what he calls “deep state” foes — suggesting an end to a longstanding practice of Justice Department criminal investigations operating independent of White House direction or interference. Ms. Bondi, 59, served on Mr. Trump’s legal team during his first impeachment and currently leads the legal arm of the America First Policy Institute, a right-wing think tank that has kept close ties to Mr. Trump’s transition team. Ms. Bondi oversaw the filing of voting-related lawsuits in battleground states.
Persons: Donald J, Trump, Pam Bondi, Matt Gaetz, Bondi Organizations: Justice Department, America, Policy Institute Locations: Florida, Bondi
If confirmed by the Senate, three key nominees would largely be responsible for executing Trump's "drill, baby, drill" agenda across the federal government. The Interior Department leases millions of acres of public lands and waters for oil and gas drilling. The oil and gas industry is pushing the Trump administration to issue a new five-year offshore-leasing program. Woods of ExxonMobil told Semafor last week that the Trump administration should keep regulations to curb methane emissions from oil and gas infrastructure. But Trump attacked electric vehicles on the campaign trail, adopting the oil and gas lobby's messaging.
Persons: Donald Trump, Doug Burgum, Chris Wright, Trump, Lee Zeldin, Trump's, Karoline Leavitt, Vance, Wright, Biden, Amanda Eversole, Kenny Stein, Darren Woods, Stein, It's, Woods, Semafor, David Brown, Wood Mackenzie Organizations: Interior, Energy, Senate, Trump, Interior Department, Liberty Energy, Environmental Protection Agency, National Energy Council, Truth, Energy Department, Republicans, of, American Petroleum Institute, American Energy Alliance, CNBC, EPA, ExxonMobil, US Locations: Gulf of Mexico, North Dakota, New York, Saudi Arabia, Qatar, Russia, Europe, Gulf, Mexico, Wood
OpenAI CEO Sam Altman was paid $76,001 last year
  + stars: | 2024-11-21 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +3 min
Its CEO, however, was paid a relatively modest five figures at OpenAI in 2023, filings show. OpenAI CEO Sam Altman was paid $76,001 in compensation in 2023 to lead what's now one of the most valuable startups in the world, the company's tax filings for the year showed. During a hearing before a senate judiciary subcommittee in May 2023, Altman said he gets "paid enough for health insurance" and that he receives no equity in OpenAI. Bloomberg estimated in March 2024 that the CEO is worth at least $2 billion, not including any stake he may have in OpenAI. Altman denied during an all-hands meeting with employees that there were plans for him to receive a "giant euqity stake," CNBC reported.
Persons: Sam Altman, what's, Altman, Ilya Sutskever, Chris Clark, Sutskever, Clark, OpenAI Organizations: Microsoft, Census Bureau, Social Security Administration, Bloomberg, CNBC Locations: OpenAI, San Francisco County
AdvertisementSome Trump family members will serve as unofficial White House advisors in his second term. After serving as a senior advisor during Trump's first term, Ivanka Trump will not reenter politics. President-elect Donald Trump's family members may not hold as many formal White House roles as they did during his first term, but they'll still remain important parts of his political operation. Aside from Melania Trump, who will return as first lady, Lara Trump holds the most established leadership position as cochair of the RNC. Other Trump family members like Ivanka Trump and Tiffany Trump will remain out of the spotlight.
Persons: Trump's, Ivanka Trump, Lara Trump, Ron DeSantis, Donald Trump's, they'll, Melania Trump, She's, Florida Sen, Marco Rubio's, he's, Barron Trump, Trump, Tiffany Trump Organizations: White House, RNC, Florida, Marco Rubio's Senate
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include popular services from Apple and Google , as well as payment firms like PayPal and Block . "Digital payments have gone from novelty to necessity and our oversight must reflect this reality," said CFPB Director Rohit Chopra. A year ago, the CFPB said it wanted to extend its oversight to tech and fintech companies that offer financial services but that have sidestepped more scrutiny by partnering with banks. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.
Persons: Rohit Chopra, CFPB Organizations: Banking, Housing, Urban Affairs Committee, Consumer Financial, Tech, Apple, Google, PayPal, Federal Register
Former Trump FBI deputy director and CNN senior law enforcement analyst Andrew McCabe said Thursday that Rogers would be a “totally reasonable, logical selection” to nominate to lead the agency, pointing to his knowledge of the intelligence community and his experience at the FBI. CNN has reached out to the Trump transition team and the FBI for comment. Sources previously said that Patel had been lobbying for the FBI director position, where he would be well-positioned to try to investigate Trump’s political enemies, declassify sensitive information and purge career civil servants. He also briefly considered installing Patel as deputy FBI director in the closing weeks of his first administration. The deputy FBI director job is a career position – not a politically appointed role – and then-Attorney General William Barr helped talk Trump out of putting Patel at the bureau at the time.
Persons: Donald Trump, MAGA, Trump, Christopher Wray, Matt Gaetz, Mike Rogers, Kash Patel, haven’t, Andrew McCabe, Rogers, McCabe, Patel, , that’s, ” McCabe, Gina Haspel, , William Barr, CNN’s Sara Murray, Zachary Cohen, Evan Perez, Pamela Brown, Kaanita Iyer Organizations: CNN, FBI, Michigan, Senate, Former Trump FBI, Trump Locations: Lago, Florida
Florida Man Matt Gaetz was announced as Donald Trump’s pick for attorney general on a Wednesday. Eight days later, his complete unfitness for the job had become so undeniable and insurmountable that he withdrew from consideration. Trump’s decision to put him forward was an early, gross test for the president-elect’s entire Senate team. And while the Senate has been trending Trumpier as well, the transformation is not yet complete. With Gaetz, the MAGA king was watching to see if there was a line that his Senate subjects would not yet cross.
Persons: Matt Gaetz, Donald Trump’s, Gaetzgate, Trump, MAGA Organizations: Florida, Senate, Republican, Republican House
AdvertisementDonald Trump has surrounded himself with people who have competing views on AI regulation. Elon Musk, for example, has supported more AI regulation in the past. Some Silicon Valley veterans are betting that president-elect Donald Trump's new administration will make AI development a top priority. AdvertisementMusk, who spent over $130 million on Trump's campaign, has called for greater regulation of AI in the past. It's not clear if that effort will impact their views on AI regulation.
Persons: Donald Trump, Elon Musk, JD Vance, Donald Trump's, Big, Marc Andreessen, Trump, Joe Biden, California's, Gavin Newsom, OpenAI, Sam Altman, Greg Brockman, Vivek Ramaswamy, Ramaswamy, It's, Vance, Calvin Newport, Eric Schmidt Organizations: Trump, Trump Super PAC, Washington Post, California, Department of Government, Big Tech, Georgetown University Locations: Washington, Silicon Valley, China
SEC commissioners serve five-year terms, so Gensler could in theory have stayed on until at least 2026. Gensler took over the SEC in 2021, and under his leadership the commission has taken an ambitious but controversial approach to several regulatory issues, including cryptocurrencies. Trump has not announced his pick to lead the SEC, but the expectation is that the next chair will be friendlier to Wall Street and crypto. Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald Trump to immediately select a replacement. Under Gensler, the SEC pushed to require more disclosure from publicly traded companies and financial advisors for investors.
Persons: Gensler, Trump, Gary Gensler, Donald Trump, Elon Musk, Musk, Gensler's, — CNBC's Lora Kolodny Organizations: SEC, cryptocurrencies, . Securities, Exchange, Gensler's SEC, Twitter, Trump, Government Efficiency
AdvertisementMatt Gaetz announced Thursday his withdrawal from consideration to be US attorney general. He said his confirmation was "unfairly becoming a distraction" to Trump's team. Matt Gaetz has withdrawn himself from consideration to be President-Elect Donald Trump's nominee for attorney general of the United States, the former Florida congressman announced on Thursday afternoon. While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance… — Matt Gaetz (@mattgaetz) November 21, 2024"I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General," Trump wrote on Truth Social. Meanwhile, Gaetz had taken the extraordinary step of resigning from the House after his nomination was announced, ostensibly to allow Florida Gov.
Persons: Matt Gaetz, Trump, Donald Trump's, Gaetz, Vance, Sen, JD Vance, Ohio, Vance …, Matt, Ron DeSantis Organizations: Trump, Administration, Florida Republican, Senate, Justice, Gaetz, Florida Gov Locations: United States, Florida
By the end of the day, Trump had announced a new pick for attorney general: Pam Bondi, the former attorney general of Florida. One by one, the senator wanted to know who had told Gaetz “yes” they were with him. After being asked for comment for CNN’s story, Gaetz announced his withdrawal as Trump’s nominee for attorney general. “I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. Some lawmakers have already asked the parliamentarian to weigh in and clear up the confusion, one source told CNN.
Persons: JD Vance, Matt Gaetz, they’d, Vance, , Donald Trump, Trump, Gaetz, Gaetz —, he’d, Department —, ” Gaetz, Pam Bondi, Gaetz’s, Republican Sen, Kevin Cramer of North, ” Cramer, wouldn’t, , Trump’s, Gaetz couldn’t, Matt, ” Trump, Karoline Leavitt, Pete Hegseth, Robert F, Kennedy Jr, Kevin McCarthy, Kentucky Sen, Mitch McConnell, Maine Sen, Susan Collins, Oklahoma Sen, Markwayne Mullin, Dakota Sen, Mike Rounds, “ I’m, Rounds, ” Sen, Roger Wicker, Cynthia Lummis, Florida Sen, Rick Scott, , Will Gaetz, preemptively, Michael Guest, , CNN’s Kaitlan Collins Organizations: CNN, Capitol, Senate, Trump, Department, DOJ, Republican, GOP, Republicans, Justice Department, Administration, , Department of Justice, Fox News, Defense Department, Department of Health, Human Services, Hill, Oklahoma, Mississippi Republican, Wyoming Republican, Democrats Locations: Florida, Washington, Kevin Cramer of North Dakota, Gaetz, Kentucky, Maine, Dakota, Mississippi, Wyoming
Opinion | Release the House Ethics Report on Gaetz
  + stars: | 2024-11-21 | by ( ) www.nytimes.com   time to read: +1 min
Update: These letters were published online before Matt Gaetz said he was withdrawing from consideration as attorney general. To the Editor:Re “House Republicans Block Release of Ethics Report on Gaetz” (news article, Nov. 21):Let’s just call it what it is — a Republican cover-up. The witness testimony and evidence produced by the House Ethics Committee at taxpayer expense must be presented to the U.S. Senate so the senators can carry out their constitutional responsibilities in a fair and complete way. And should the House cover-up succeed, voters must hold their representatives accountable. Richard DickinsonRichmond Hill, Ga.To the Editor:If the roles were reversed and a Democrat selected for a cabinet position had an ethics report that the Democrats moved to block, Republicans would mount an attack, leak the report anyway and say, “The American people deserve to know!”
Persons: Matt Gaetz, Richard Dickinson Richmond Organizations: , House, U.S . Senate Locations: Richard Dickinson Richmond Hill
California Governor Gavin Newsom vetoed California's bill at the end of September but signed into law another bill which requires transparency in generative AI systems. "A lot of the privacy risks associated with AI can be tackled through a comprehensive data privacy regime," she said. The U.S. has historically approached data privacy with decentralized, state-by-state legislation, which is where AI regulation is currently headed. Regarding Colorado's successful AI bill, Maroney wrote on Facebook, "It is unfortunate that Connecticut chose not to join Colorado as a leader in this space. Even a model approach, if done wrong, could pose a major risk to the U.S. "Everybody's looking at California, especially when it comes to tech," Elgendy said.
Persons: Scott Weiner, Wiener, Gavin Newsom, California's, Tatiana Rice, Jonas Jacobi, Mohamed Elgendy, Elgendy, Rice, Robert Rodriguez, James Maroney, Maroney Organizations: Conference, AI Alliance, Washington D.C, U.S ., European Union AI, Privacy, Data, American, White, Office of Science, Technology, Democratic, Colorado Senate, Democratic Connecticut State, Facebook, Colorado Locations: California, San Francisco, Washington, Puerto Rico, U.S, U.S . Virgin Islands, Colorado, Silicon, Connecticut
AdvertisementRay Dalio said Trump's approach to governance was tried by hard-right states in the 1930s. Dalio, who often publishes personal remarks on the global economy, wrote a LinkedIn commentary on Wednesday with his predictions for a second Trump administration. Advertisement"Think of Gordon Gekko and the perspective he conveyed in his 'greed is good' speech," Dalio wrote of Trump's approach, referring to Michael Douglas' character from "Wall Street," the 1987 film. Dalio wrote that he isn't saying Trump's administration would be fascist or that Trump would behave like fascist leaders. Brandon Bell/Getty ImagesTheir mission, Dalio wrote, is to "create maximum economic strength and fight foreign enemies."
Persons: Ray Dalio, Trump, Donald Trump, Trump's, Elon Musk, Vivek Ramaswamy, Gordon Gekko, Dalio, Michael Douglas, Ramaswamy, Marco Rubio, Tucker Carlson, Steve Bannon, Brandon Bell, Pete Hegseth, Elise Stefanik Organizations: Bridgewater Associates, of Government, Trump, SpaceX, Fox News, Defense Secretary, New York, United Nations, US Senate, Republican, Business Locations: United States, Washington, China
AdvertisementTrump wants the power to refuse to spend federal dollars that Congress has already approved. Impoundment has been floated as one way that Trump could singlehandedly enact DOGE's recommended cuts to the federal budget. Meanwhile, lawmakers on Capitol Hill — including those on the House and Senate Appropriations Committees that control government spending — don't seem concerned about Trump's impoundment power grab just yet. He added that there "would be a problem" if Trump tried to impound funding approved by both chambers of Congress. AdvertisementWhat Trump could do with such sweeping powersEven if Congress won't grant Trump impoundment powers, he has another potentially more attractive avenue — the courts.
Persons: He's, Nixon, Elon Musk, Vivek Ramaswamy, Donald Trump, doesn't, it's, Richard Nixon, Trump, DOGE's, Republican Sen, Shelly Moore Capito, haven't, I've, Robert Aderholt, Rosa DeLauro, Mark Amodei, Joe Morelle, appropriators aren't, Tom Cole of Oklahoma, Mark Paoletta, there's, Daniel Schuman, Schuman, shouldn't, Vance, Karoline Leavitt Organizations: Trump, Congress, Department of Government, Capitol, Committees, Republican, West Virginia, Alabama, Democrats, Republicans, Senate, tinker, Nevada Republican, Democratic, GOP, The Washington, Trump administration's Office, Management, American Governance Institute Locations: West, Connecticut, Nevada, New York
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