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CNN —House GOP Rep. Marjorie Taylor Greene announced that she will chair a new oversight subcommittee in the next Congress that will work with the newly formed Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy. House Oversight Chair James Comer “intends to establish a new Subcommittee on Delivering on Government Efficiency (DOGE) for the 119th Congress,” a source familiar told CNN, confirming that Greene will chair the subcommittee. Comer and Greene, a staunch supporter of President-elect Donald Trump, recently had a meeting with Ramaswamy and his team to discuss the new subcommittee, another source familiar told CNN. The subpanel will examine the salaries and status of members of the federal civil service and intergovernmental personnel among other oversight measures. “I’m excited to chair this new subcommittee designed to work hand in hand with President Trump, Elon Musk, Vivek Ramaswamy, and the entire DOGE team” Greene said in a statement to CNN.
Persons: Marjorie Taylor Greene, Elon Musk, Vivek Ramaswamy, James Comer “, Greene, Comer, Donald Trump, Ramaswamy, Trump, ” Greene Organizations: CNN —, GOP, Government Efficiency, Efficiency, 119th, CNN, DOGE, Pentagon
Earlier this month, as he prepared to give one of the most important speeches of his political career, Chancellor Olaf Scholz of Germany appeared before Parliament in a suit that appeared at least a size or two too large. Mr. Scholz has never seemed a natural fit as chancellor. He was an unlikely selection to lead his Social Democratic Party four years ago. Now, his popularity has sunk, his government has broken up, and Mr. Scholz finds himself fighting for his political life. Mr. Biden eventually stepped aside, and his replacement on the ballot, Vice President Kamala Harris, lost in November to former President Donald J. Trump.
Persons: Chancellor Olaf Scholz, Germany, Scholz, , Biden, Kamala Harris, Donald J, Trump Organizations: Social Democratic Party, Democratic Party
“So far, he’s made a number of cabinet picks whose main qualification seems to be being on TV. His defense secretary is a guy from ‘Fox & Friends,’ his transportation secretary is a guy from Fox Business, and his attorney general is a guy who I’m pretty sure was on ‘To Catch a Predator.’” — DESI LYDIC“Wow, another daytime television guy. It’s like his whole cabinet was selected by a kid who was home sick with the flu.” — SETH MEYERS“But is someone going to tell him that this isn’t actually a doctor’s job? Jr.” — DESI LYDIC“There’s not going to be a layer of competent workers at some point. Because Donald Trump isn’t really picking leaders of agencies — he’s just picking mascots.” — DESI LYDIC
Persons: he’s, , ” — SETH MEYERS, Oz doesn’t, Oz’s, There’s, It’s, Donald Trump isn’t, , DESI LYDIC Organizations: Fox & Friends, Fox Business
President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how economic circumstances play out. That in turn could infuriate Trump, who lashed Fed officials including Powell during his first term in office for not relaxing monetary policy quickly enough. Though Powell became Fed chair in 2018, after Trump nominated him for the position, the two clashed often about the direction of interest rates. Should the results start to show up in the data, the Powell Fed may be tempted to hold tougher on monetary policy against inflation. "They're going to look at a very nontraditional approach to policy that Trump is bringing forward but put it through a very traditional economic lens," he said.
Persons: Jerome Powell, Donald Trump, Powell, infuriate Trump, Joseph LaVorgna, Trump Organizations: White, Washington , D.C, Federal, National Economic Council, Trump, Fed, Nikko Securities Locations: Rose, Washington ,, Trump's, Nikko
Wu Cheng-wen told Nikkei Asia that "AI sovereignty" is critical and benefits Taiwan's security. Taiwan is planning to spend about $1 billion a year on artificial intelligence as part of its efforts to shift its economy away from semiconductors. On Thursday, Taiwan's science and technology minister told Nikkei Asia that the government would spend $3 billion over 3 years to ramp up AI data centers and their computing ability. AdvertisementThe move comes as the country is not only trying to diversify its economy toward industries like AI, but also away from China. AdvertisementWu told Nikkei Asia that he is looking forward to cooperating with the US after Trump takes office in January.
Persons: Wu Cheng, Wu, Donald Trump's, TSMC Organizations: Nikkei, Financial Times, Taiwan Semiconductor Manufacturing Co, Reuters, China, Bloomberg, US, Trump Locations: Taiwan, Nikkei Asia, China, India, Arizona
SPRINGFIELD, Ill. AP —The Illinois Supreme Court on Thursday overturned actor Jussie Smollett’s conviction on charges that he staged a racist and homophobic attack against himself in downtown Chicago in 2019 and lied to police. Emailed messages seeking comment were sent Thursday to Foxx’s office and to Smollett’s attorney, who have argued that Smollett has been victimized by a racist and politicized justice system. Testimony at his trial indicated Smollett paid $3,500 to two men whom he knew from “Empire” to carry out the attack. A state appellate court ruling upheld Smollett’s conviction, declaring that no one promised Smollett he wouldn’t face a fresh prosecution after accepting the original deal. Illinois Supreme Court Chief Justice Mary Jane Theis and Justice Joy Cunningham took no part in Thursday’s decision.
Persons: Jussie, Smollett’s, Smollett, Elizabeth Rochford, , Kim Foxx’s, Prosecutors, Donald Trump’s, Mary Jane Theis, Joy Cunningham Organizations: Ill, AP, Smollett, Chicago, . Illinois Supreme Locations: SPRINGFIELD, Illinois, Chicago, Cook, “ MAGA
On his path to the presidency, President-elect Donald J. Trump consistently made Mexico a target. But Mexico’s leaders aren’t panicking — in fact, some of them see opportunity in Trump’s return to the White House, according to six current and former officials, some of whom were not authorized to speak publicly. Mexico is banking on its ability to negotiate with a deal maker like Mr. Trump. President Claudia Sheinbaum of Mexico has said that her government “will look to contact President Trump’s transition team before he enters” the White House. The goal of those talks, officials say, would be to reach agreements on key issues ahead of the inauguration in January.
Persons: Donald J, Trump, aren’t panicking, Claudia Sheinbaum, Trump’s Organizations: White Locations: Mexico
Bitcoin breached the $95,000 level for the first time Wednesday evening as investors continued pricing in a second Donald Trump presidency. The price of the flagship cryptocurrency was last higher by more than 3% at $97,646.68, according to Coin Metrics. Earlier, it rose as high as $97,788.00. Shares of MicroStrategy , a bitcoin proxy, gained 3% in extended trading. Mining stocks rose as well, with Mara Holdings up 4%.
Persons: Bitcoin, Donald Trump, cryptocurrency, Mara Organizations: Metrics, Mara Holdings
AdvertisementJoe Biden is taking last-minute measures to support Ukraine before leaving things to Donald Trump. He finally let Ukraine use US missiles to strike inside Russia and approved anti-personnel mines. These moves appear aimed at changing the war before Trump — who seems to want most to end the conflict as soon as possible — takes office. Biden, whose administration has sent billions of dollars in weaponry to Ukraine, recently lifted long-held restrictions on Kyiv's use of American-made longer-range missiles to strike targets inside Russia. And during a press briefing that same day, State Department spokesperson Matthew Miller said the Biden administration moved to forgive about $4.7 billion in US loans to Ukraine.
Persons: Joe Biden, Donald Trump, Donald Trump's, Trump, Biden, Diego Herrera Carcedo, Antony Blinken, Matthew Miller, Mick Ryan, They've, Volodymyr Zelenskyy, Ukraine's, Abrams, Mark Temnycky, Ben Friedman, Zelenskyy, Oleg Petrasiuk, Ryan, hasn't, JD Vance, Shawn Ryan, Abishur Prakash, Putin, Prakash Organizations: White, Army Tactical Missile Systems, Shadow, Brigade, Getty, State, Australian Army, White House, Washington Post, Washington, Council's Eurasia Center, Defense, 24th Mechanised Brigade, AP Ryan, Trump, Anadolu, Kyiv Locations: Ukraine, Russia, Russia's, Bryansk, Soviet, Ukraine's Donetsk, Anadolu, Russia's Kursk, Chasiv Yar, Australian, Western, Russian, Toretsk, Donetsk, Mar, Lago , Florida, Toronto, Canada, British, Ukrainian, Dnipro, Europe
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
Three of the nation’s largest automakers, Ford, General Motors and Stellantis, are strategizing with other car manufacturers on how to make a delicate request of President-elect Donald J. Trump: Don’t scrap the federal regulations that compel the industry to sell electric vehicles. Mr. Trump has railed against the E.V. rules, which strictly limit the amount of tailpipe pollution while also ramping up fuel economy standards. Mr. Trump sees them differently. And Mr. Trump still holds grievances against some of the automakers, whom he views as having betrayed him because during his first term they supported Obama-era auto emissions rules.
Persons: Donald J, Trump, Biden’s, Obama Organizations: Ford, General Motors, Trump, Democratic
AdvertisementDonald Trump renegotiated a deal with Boeing for a new Air Force One in his first term as president. Following years of delays, billions of dollars, and his return to the presidency, Donald Trump is set to fly on the new Air Force One after all. In 2015, the Air Force again chose Boeing to build two new planes, this time based on the larger 747-8. The VC-25B project is known as the "Next Air Force One." Courtesy of the Air ForceWhile the government is paying $3.9 billion for the new jets, Boeing has suffered from the Next Air Force One.
Persons: Donald Trump, Trump, Dennis Muilenburg, Donald J, Boeing's, Joe Biden, Kennedy, Dave Calhoun, wasn't Organizations: Boeing, Air Force One, Next Air Force, Air Force, Force, Trump, ABC, Trump Shuttle, Reuters, Street Journal, Business Locations: Russian, United States
Trump AG pick Matt Gaetz says he's withdrawing
  + stars: | 2024-11-21 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +2 min
Matt Gaetz said Thursday he is withdrawing his name from consideration as President-elect Donald Trump's pick for U.S. attorney general, ending the controversial bid that put prior allegations of sexual misconduct in the spotlight. I appreciate their thoughtful feedback - and the incredible support of so many," Gaetz said in a statement posted on his X account. "There is no time to waste on a needlessly protracted Washington scuffle, thus I'll be withdrawing my name from consideration to serve as Attorney General," he said. The Department of Justice's investigation into whether Gatez sex-trafficked a minor girl ended last year without charges being filed. The House committee, which is evenly divided between Republicans and Democrats, on Wednesday deadlocked on a vote to release a report on its probe of Gaetz.
Persons: Matt Gaetz, Kevin McCarthy, Donald Trump's, Gaetz, Vance, CNN's Paula Reid, Susan Wild of, reconvene, Trump, Karoline Leavitt, Leavitt Organizations: U.S, Trump, Republican, The, Republicans, Democrats, Gaetz, Truth, Administration, Department of Justice, CNBC, Yildirim Locations: Washington ,, Florida, Washington, Susan Wild of Pennsylvania
Donald J. Trump’s social media company is considering developing a cryptocurrency payment service, according to a trademark application filed this week, the latest sign of the president-elect’s embrace of the crypto industry. Trump Media & Technology Group filed an application on Monday for a service called TruthFi, which it described as a platform for crypto payments, financial custody services and trading in digital assets. But the initiative appears to be a bid by Trump Media to diversify its business beyond Truth Social, a social media platform whose business relies on Mr. Trump to continuously post messages to his most loyal supporters. Any large-scale crypto project would most likely require Trump Media to acquire another firm, given that it has fewer than three dozen employees. This week, shares in the crypto trading platform Bakkt surged after The Financial Times reported that Trump Media was in talks to buy it.
Persons: Donald J, Trump Organizations: Trump Media & Technology Group, Trump Media, Truth, Financial Times
When she arrived in Congress in 2021, Representative Marjorie Taylor Greene, Republican of Georgia, was quickly stripped of her two committee assignments by Democrats and shunned by her colleagues on Capitol Hill. Almost three years later, Ms. Greene is poised to hold a gavel for the first time, a sign of the ascendancy of the MAGA wing of the G.O.P. in Congress, where President-elect Donald J. Trump’s most loyal allies will occupy prominent posts next year. Representative James Comer of Kentucky, chairman of the House Oversight Committee, is planning to create a new subcommittee to partner with Elon Musk and Vivek Ramaswamy to “eliminate government waste.” The committee, which has yet to be created, will work with the new Department of Government Efficiency, known as “DOGE,” and leading Republicans have agreed to allow Ms. Greene to serve as its chairwoman.
Persons: Marjorie Taylor Greene, Greene, Donald J, James Comer of, Elon Musk, Vivek Ramaswamy, Organizations: Republican, Capitol, Department of Government Locations: Georgia, Congress
One basis point equals 0.01%. The 10-year Treasury yield fell more than 1 basis point to 4.390%, while the yield on the 2-year Treasury slipped by nearly 2 basis points to 4.291%. The benchmark 10-year Treasury yield dipped on Thursday as investors await a fresh batch of economic data and a flurry of speeches from Federal Reserve policymakers. Existing home sales for October and the Kansas City Fed survey for November are scheduled to follow slightly later in the session. Cleveland Fed President Beth Hammack, Chicago Fed President Austan Goolsbee, Kansas City Fed President Jeff Schmid, Fed Vice Chair for Supervision Michael Barr are all poised to deliver remarks about the U.S. economy on Thursday.
Persons: Donald Trump's, Beth Hammack, Austan Goolsbee, Jeff Schmid, Michael Barr, Michelle Bowman, Samantha Subin, Sophie Kiderlin Organizations: Treasury, Federal Reserve, Philadelphia Fed, Kansas City Fed, Cleveland Fed, Chicago Fed Locations: Russia, Ukraine, Washington, Moscow, Kansas, U.S
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
When Pete Hegseth was an earnest, young Army lieutenant in Iraq in 2005, he was cleareyed on how he viewed crimes committed by soldiers in war. Soldiers in his own infantry company in Iraq in 2006 had shot civilians, executed prisoners and tried to cover up the crimes. “Those are a no-brainer,” he told an audience at the University of Virginia after his deployment. He called the acts of those soldiers, who served in a sister platoon in his company, “atrocities” and added: “Of course that’s wrong. No one is here to defend that.”By the end of his Army career, though, he was repeatedly doing exactly that.
Persons: Pete Hegseth, , , Donald J, Trump Organizations: University of Virginia, Army, Fox News Locations: Iraq
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
AdvertisementRep. Marjorie Taylor Greene is set to chair a new subcommittee that works with Elon Musk's DOGE. Rep. Marjorie Taylor Greene is set to get a plum new role next year: chairing a new House panel that will work with Elon Musk and Vivek Ramaswamy's Department of Government Efficiency. AdvertisementThe DOGE subcommittee will be tasked with investigating "wasteful" spending, examining ways to reorganize federal agencies and supporting the work of the DOGE commission. Related stories🚨🚨🚨BIG NEWS🚨🚨🚨Comer to create @GOPoversight DOGE subcommittee chaired by Marjorie Taylor Greene to work with @elonmusk, @VivekGRamaswamy https://t.co/b85arhjM5d — Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) November 21, 2024"Wasteful government spending must end, and taxpayers deserve to see their money used effectively and efficiently," Comer told Fox News. "I look forward to working with Rep. Marjorie Taylor Greene, Elon Musk, and Vivek Ramaswamy to deliver on these goals to make America great again."
Persons: Marjorie Taylor Greene, Elon, Greene, Elon Musk, James Comer, Ramaswamy, Taylor, gove Organizations: Elon Musk's DOGE, Elon, Vivek Ramaswamy's Department, Government, Georgia Republican, Fox News, Rep Locations: sion
Rep. Marjorie Taylor Greene, R-Ga., attends a roundtable discussion with members of the House Freedom Caucus on the COVID-19 pandemic at The Heritage Foundation on Thursday, November 10, 2022. Rep. Marjorie Taylor Greene, R-Ga., has been tapped to lead a new House subcommittee that will work with the so-called Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy. Greene and House Oversight Chairman James Comer, R-Ky., have met with Ramaswamy and his team and are "already working together," a source familiar with the matter told CNBC on Thursday. "I'm excited to chair this new subcommittee designed to work hand in hand with President Trump, Elon Musk, Vivek Ramaswamy, and the entire DOGE team," Greene said in a statement to CNBC. It aims to investigate government waste, and seek out ways to reorganize federal agencies and cut red tape, the source said.
Persons: Marjorie Taylor Greene, Elon Musk, Vivek Ramaswamy, Greene, James Comer, Ramaswamy, Comer, Donald Trump, Trump Organizations: Caucus, Heritage Foundation, Government, CNBC, President, DOGE, Fox News Locations: Ky
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK population will not be richer if Trump's tariffs are introduced, UK's Trade Committee chair saysLiam Byrne, Labour MP and chair of the U.K.'s Business and Trade Committee, discusses the likely outcomes of potential tariffs under President-elect Donald Trump.
Persons: Liam Byrne, Donald Trump Organizations: UK's Trade, Labour, Trade Committee
AdvertisementSebastian Stan plays a young Donald Trump in "The Apprentice," a movie about his life in the 1970s. Stan said other actors wouldn't discuss Trump, and the film, with him for Variety's "Actors on Actors." You won't see Sebastian Stan doing an "Actors on Actors" interview about his new Donald Trump movie "The Apprentice," because, according to the actor, no one would talk to him about it. "We couldn't get past the publicists or the people representing them, because it was too afraid to talk about this movie." "We invited him to participate in 'Actors on Actors,' the biggest franchise of awards season, but other actors didn't want to pair with him because they didn't want to talk about Donald Trump," Setoodeh said.
Persons: Sebastian Stan, Donald Trump, Stan, wouldn't, Trump, Ali Abbasi, Roy Cohn, Jeremy Strong, Trump's, Ivana, Maria Bakalova, It's, Abbasi, Gabriel Sherman, Ramin Setoodeh, IndieWire, didn't, Setoodeh, Sherman, Tuesday's, we're Organizations: Trump, Cannes, Penske Media Corporation, Cannes Film, Briarcliff Entertainment Locations: States
Asked in August whether he would ever serve in Trump’s cabinet, Kennedy said, “No.” but weeks later, he ended his campaign and endorsed Trump. Kennedy has since refrained from any public criticism of Trump, aligning himself with the former president on issues like government censorship and public health. Trump, left, greets Robert F. Kennedy Jr., at a campaign rally in Glendale, Arizona, on August 23. “And you can see that every statement that Donald Trump makes is fear-based,” Kennedy said on his radio show in December 2016. “And, you know, he’s not like Hitler,” Kennedy said.
Persons: Robert F, Kennedy Jr, Donald Trump’s, , ” Kennedy, , Trump, Adolf Hitler, Benito Mussolini, Kennedy, Hitler, “ Hitler, President Trump, demagogues, Adriana Zehbrauskas, Trump’s, Francisco Franco, Mussolini, Huey Long, Father Coughlin, Donald Trump, Obama, barker, George Wallace, , , , Matt Taibbi’s, ’ ” Kennedy, Taibbi, he’s, He’ll, Michael Mann, “ Michael Mann, Erik McGregor, “ Trump, Andrew Wheeler Organizations: CNN, Health, Human Services, Trump, HHS, Centers for Disease Control, Prevention, Drug Administration, National Institutes of Health, Democratic Party, New York Times, Civil Rights Movement, Alabama Gov, , Pipeline, EPA Locations: Glendale , Arizona, White, America, Paris, Albany , New York
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
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