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☆ Trump's win may put this popular student loan forgiveness program at risk
▼ + stars: | 2024-11-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

10'000 Hours | Digitalvision | Getty ImagesCurrent borrowers should remain entitled to reliefWhile the program remains in effect, borrowers are entitled to the relief, said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit. "PSLF is written into federal law, by a Republican president, and it would take an act of Congress to eliminate it." That means current borrowers would still be able to work toward loan forgiveness under the program. "So, worst-case scenario, it would be for loans made on or after the date of such a law enactment," Mayotte said. "Most likely the change would apply only to new borrowers," Kantrowitz said.

Persons: Betsy Mayotte, Mark Kantrowitz, Kantrowitz, Trump Organizations: Getty, The, Student Loan Advisors, Republican, Republicans, Senate, GOP, Finance, CNBC Locations: Mayotte

☆ Trump says Musk and Ramaswamy will lead government efficiency group
▼ + stars: | 2024-11-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump said Tuesday that Elon Musk and former Republican presidential hopeful Vivek Ramaswamy will lead an efficiency group when his second term begins in January. Trump wrote in a post that the Department of Government Efficiency, or DOGE, will "become, potentially, 'The Manhattan Project' of our time." Trump didn't specify where cuts will take place or when the department may be formed. Musk, who also runs defense contractor SpaceX, has reportedly been stationed at Trump's Mar-a-Lago resort in Florida since election night. Ramaswamy, who challenged Trump in the Republican primary, is co-founder of investment firm Strive Asset Management.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, hasn't, Musk, Ramaswamy, Pete Hegseth, John Ratcliffe Organizations: Department of Government, Trump, Republican, SpaceX, Fox News Locations: Trump's, Lago, Florida

☆ In Trump’s second term, czars will reign
▼ + stars: | 2024-11-12 | by ( Kayla Tausche | ) edition.cnn.com time to read: +5 min

CNN reported on Friday that Burgum was under consideration for a role as energy czar. “It’s sort of the conservative version of [the Biden administration’s senior climate advisor] John Podesta,” one of the sources said. Burgum had been in contention for a Cabinet-level position, like running the department of Interior or Energy, CNN previously reported. It also means those candidates – not burdened by a lengthy Senate confirmation process – can launch their work on day one. Alex Wong/Getty ImagesThe term “czar” has come to refer to a political appointee with a specific problem to solve.

Persons: –, Doug Burgum, Donald Trump’s, Burgum, John Podesta, ”, ’ ”, Alex Wong, Barack Obama, Joe Biden, czars, Trump, Trump’s, Elise Stefanik, Stephen Miller, Tom Homan, Homan, ’, ” Trump, Robert F, Kennedy Jr, Kennedy, you’re Organizations: CNN, Trump, North, Biden, Interior, Energy, North Dakota Gov, Republican National Convention, State, Treasury, Republican, United Nations, White, Customs, Department of Homeland Security, Former ICE, Border Control, Trump Administration, Aviation Security, Truth, “ Locations: North Dakota, Milwaukee , Wisconsin, Guantanamo, Trump

☆ What Trump's election victory means for global investors — and why it's different to 2016
▼ + stars: | 2024-11-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

President-elect Donald Trump's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. Higher Treasury yields mean higher interest rates for corporate borrowers. Trump's tariffs Perhaps the biggest concern for investors globally is Trump's campaign promise of aggressive new tariffs , including the potential for a universal 10% tariff on all imports and a 60% tariff on Chinese goods. However, some Asian nations might benefit if higher tariffs on China prompt manufacturers to relocate. Europe Most analysts agree that U.S. trade tariffs are likely to hurt Europe, with some companies able to navigate the challenges better than others.

Persons: Donald Trump's, Russell, Mislav Matejka, David Seif, Goldman Sachs, Gareth Leather, Macquarie, Aditya Suresh, Mark Diethelm, Diethelm, Emmanuel Cau, — CNBC's Michael Bloom Organizations: White, Republican, Trump, U.S, Nasdaq, Treasury, Nomura, Federal Reserve, Asia Capital Economics, Capital Economics, U.S ., Union, Morningstar, Logitech, Barclays Locations: Congress, Treasurys, Trump's, U.S, United States, Korea, Taiwan, China, Vietnam, Asia, India, Europe

☆ How Trump could exploit a looming global struggle for rare-earth minerals
▼ + stars: | 2024-11-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The power grab over rare-earth minerals in Central Asia could be among the issues he will seek to exploit. AdvertisementA power struggle over rare-earth mineralsAt stake for the US in Central Asia is not just political power but access to the region's reserves of rare-earth minerals such as uranium, lithium, and tantalum. Rare-earth minerals are needed to make all sorts of products, from F-35 stealth fighters and smartphones to internet fiber-optic cables and MRI machines. It produces around 60% of the world's rare-earth minerals and processes nearly 90%, according to the Center for Strategic and International Studies. "There are rare-earth minerals worth exploring/exploiting, and if the US/EU could strike a major deal with [Kazakhstan's capital] Astana, this would certainly contribute to breaking China's monopoly," said Wolff.

Persons: Donald Trump, —, Vladimir Putin, Xi Jinping, Xi, Putin, he'd, Wilder Alejandro Sánchez, ALEXANDER RYUMIN, Emmanuel Macron, Olaf Scholz, John Herbst, Stefan Wolff, Wolff, Herbst, Trump Organizations: Service, Putin, The Republican, Biden, Getty Images, Center for Strategic, International Studies, University of Birmingham, BI, Trump, EU, Astana, Central Asia Summit, Getty Images Central, Central, China Locations: Russia, China, Central Asia, Mongolia, Saudi, Getty Images China, Kazakhstan, Uzbekistan, Xian, Shaanxi, FLORENCE, Ukraine, Soviet Union, Washington, Moscow, Beijing

☆ Likely narrow GOP House majority could put Trump's tax cuts in jeopardy, says Raymond James
▼ + stars: | 2024-11-12 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

"In 2025, Trump's influence on Congressional Republicans will be stronger but his margin in the House will be in the single digits (down from 47 in 2017). … The narrow House majority will complicate the passage of any tax bill in 2025," he said. Mills said the GOP is expected to use the budget reconciliation process to pass any of President-elect Trump's tax proposals. That measure, known as the Tax Cuts and Jobs Act , ultimately passed and went into effect in 2018. Wolfe Research analyst Tobin Marcus also thinks passing a tax bill is a "complex challenge" with such narrow majorities across the House and the Senate.

Persons: Raymond James, Donald Trump, Ed Mills, Mills, Trump's, Tobin Marcus, Marcus Organizations: Democrats, NBC News, Republican Party, Congressional, GOP, Republicans, Act, IRA, Wolfe Research, Senate Locations: Washington

☆ Small-cap stocks set to roar even higher, according to the charts
▼ + stars: | 2024-11-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

The small cap Russell 2000 index contains domestic companies that should benefit in a protectionist, on-shoring environment as long as inflation and rates stay contained. The monthly chart of the Russell 2000 shows a pending breakout from all-time highs of 2,459. Put in simpler terms the Russell 2000 small cap index has underperformed the large cap S & P 500 index for the past 13 years. The small cap Industrial ETF just broke from a consolidation around $135 and is still in the earlier stages of the expansion. The forward valuation is 28 times 2025 earnings so not egregious for this high growth small cap industrial name.

Persons: Russell, Elliott, Todd Gordon, Gordon, POWL Organizations: Utilities, MGE Energy, Powell Industries, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Anthony Scaramucci is worried about a stock-market crash not seen since the late 1920s if Trump follows through on some of his plans
▼ + stars: | 2024-11-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

AdvertisementUS stocks have been on a tear since Trump's win. "Let me tell you something: If Trump enacted 50% of what he's saying, you'll have a stock market crash, the likes that you haven't seen since the 1920s," Scaramucci said. You'll crush the economy; you'll crush our tax revenues; you'll flip upside down the job market," Scaramucci said. "They will not be ready for that, and so the stock market will have gotten wrong the current movement." "My guess is that the stock market aficionados, the stock market experts, are probably right," Scaramucci said.

Persons: SkyBridge Capital's Anthony Scaramucci, Trump, there's, Scaramucci, —, Anthony Scaramucci, it's, Bitcoin, Donald Trump's, didn't, David Bahnsen, he's, — Elon Musk, Elon, Tom Orlik, David Kelly, , Susie Wiles Organizations: Service, House, SkyBridge, Business, Nasdaq, Russell, Trump, Bloomberg Economics, JPMorgan Asset Management, Republican

☆ CNBC Daily Open: Best to stay prudent even in the postelection afterglow
▼ + stars: | 2024-11-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Source: NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThe stock market is riding high on Trump's election victory. The postelection stock rally, however, is likely to stay strong for now. It's hard to go wrong following the age-old rules for investing in the stock market: Be in it for the long term, diversify and look at fundamentals like earnings and valuation.

Persons: HSI, it's, Morgan Stanley, Lisa Shalett, John Stoltzfus, Shalett, CNBC's Brian Evans, Alex Harring Organizations: New York Stock Exchange, CNBC, Dow Jones, Apple, Microsoft, Nasdaq, Dow, Republicans, Morgan, Morgan Stanley Wealth Management's, Oppenheimer Asset Management

☆ Trump’s emerging team of loyalists is primed for a fast start in his second term
▼ + stars: | 2024-11-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Miller was a powerful White House aide in Trump’s first term, authoring much of his most fiery scripted rhetoric as a speechwriter. Yet despite these draconian visions, there’s uncertainty about how far Trump will go in his deportation program and whether it matches his dystopian speeches. Many Democrats and Republicans could agree on Trump’s vow to start by deporting criminal undocumented migrants — the easiest part of his plan. Trump’s critics and vulnerable undocumented migrants, however, will find little in the president-elect’s new staff picks to offer them comfort. In every incoming presidential administration, staffing is important and provides ideological clues to how a White House will act.

Persons: Donald Trump, he’s, Elon Musk, Stephen Miller, he’d, Tom Homan, Trump, Marco Rubio, CNN’s Kaitlan Collins, Rubio, Donald J, ” Rubio’s, Elise Stefanik, Mike Waltz, ” Rubio, Lee Zeldin, Zeldin, ’, don’t, James Comey, Susie Wiles, Homan, Miller, George W, Waltz, Donald Rumsfeld, Robert Gates . Homan, Alyssa Farah Griffin, ” Griffin, CNN’s Erin Burnett, Trump’s, there’s, —, ”, ” Miller, Trump . Chad Wolf, ” Wolf, CNN’s Jake Tapper, Biden, Vladimir Putin, Volodymyr Zelensky’s Organizations: CNN, it’s, White, Fox News, Democratic, Republican, Republican National Convention, The New York Times, GOP, United Nations, New York, Florida, New York Rep, Environmental Protection Agency, FBI, Senate Foreign Relations, Intelligence, Harvard, Bush, Wing, Customs, Army, Trump White House, CBS, Trump, Conservative Political, Conference, Trump ., Hamas, Democratic Party, Biden Locations: Washington, Lago, Trump’s, Madison, Florida, America, China, Zeldin, Afghanistan, East, Africa, Ukraine, Gaza, Israel, Europe

They’ve pressed forward even though a majority of Americans still see the Capitol rioters as responsible for an attack against democracy, according to the most recent polling. The most pressing concerns are for convicted rioters required to report to prison before Trump’s inauguration in January, and for rioters with sentencing hearings coming up, according to a source familiar with the discussions. “They’re thrilled with the election, but there’s a lot of uncertainty from their perspective,” the source told CNN. For convicted rioters already serving prison sentences, there’s even less hope to get them out based on Trump’s campaign rhetoric, the source said. She later told CNN that her strategy guide has already been sent to Trump and the Republican National Committee.

Persons: Trump, Micki Witthoeft, Ashli Babbitt, Donald Trump, They’ve, MAGA, “ We’re, hasn’t, ”, John Pierce, “, “ He’s, Jeffrey Crouch, insurrectionists, ‘, ” Zachary Alam, Joseph McBride, ” McBride, Savannah Huntington, Rachel Powell, Powell, she’s, “ They’re, they’re, Suzzanne Monk, Monk, ” Monk, Charlie Kirk, Glenn Beck, Kirk, It’s, can’t, Crouch, Jimmy Carter, Joe Biden, ” Crouch, Trump’s, Clinton, Bush, Tom Cotton, Markwayne Mullin, ” Marcus Childress, don’t, it’s, Aquilino Gonell, Biden, Kamala Harris, Harry Dunn, Sean R, Clark, Emily R, Condon Organizations: Washington CNN, Air Force, Capitol, GOP, “, Trump, American University, CNN, Trump –, DC, Defense, Justice Department, American Patriot Relief, American, J6, Republican National Committee, Glenn Beck Program, FBI, Trump Republicans, Former US Capitol Police, US Capitol Police Locations: Savannah, West Virginia, DC, pardoning, Vietnam

☆ Trump's win is already scrambling supply chains
▼ + stars: | 2024-11-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are moving ahead. From medical supplies to consumer products, several companies are getting an early start to changing their supply chains. Several companies, however, aren't waiting to make changes to their supply chains. Fortune Brands, which owns a portfolio of home products brands like Moen plumbing fixtures and Yale locks, has been rethinking its supply chain since Trump's tariffs in 2017.

Persons: Donald Trump's, —, Donald Trump, they've, Trump, TD Cowen, Oliver Chen, Matt Meeker, Michael Alkire, We've, Nick Fink, Clarus, Neil Fiske, Robert Scaringe, Schneider, Jim Filter Organizations: Service, Republican, Inc, Fortune Brands, Moen, Yale, Diamond Locations: China, Americas, Southeast Asia, Vietnam

The three-way fight to replace outgoing Senate Republican leader Mitch McConnell, R-Ky., pits Senate Minority Whip John Thune, R-S.D., against Sen. John Cornyn, a former McConnell deputy, and underdog candidate Sen. Rick Scott, R-Fla. “It’s a loud online presence that doesn’t ultimately add up to votes in the Senate,” said one Senate Republican aide, who requested anonymity to speak candidly about the race’s dynamics. He supported me in 2022 in my run against Mitch McConnell,” Scott said. “The Senate Republicans — particularly Senate Republican leadership — must understand that the American people put President Trump back in the White House with his America First agenda. And any Republican leader candidate who does not agree with that should get the hell out of the way," he said.

Persons: WASHINGTON —, Donald Trump's “ MAGA ”, Mitch McConnell, John Thune, Sen, John Cornyn, Rick Scott, “, Trump, ” Scott, MAGA, —, Scott —, Tucker Carlson, Scott, Donald Trump ”, Billionaire Trump, Elon Musk, Marjorie Taylor Greene, ” Greene, leapfrog, ”, hasn’t, coy, McConnell, Mike Davis, Davis, Republicans —, Mike Johnson, Ron Johnson, Marco Rubio, Rand Paul, Bill Hagerty, Tommy Tuberville, Rubio, Hagerty, “ I’ve, ” Thune, we’ve, Chuck Schumer, ” Cornyn Organizations: Republican, McConnell, Republicans, Trump, GOP, NBC News, ”, NBC, Senate, America, Republican Party, Fox News, Senate Republican Conference, Democrats Locations: Ky, Florida, Sens

☆ How President-elect Trump can influence the U.S. economy
▼ + stars: | 2024-11-11 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +1 min

When President-elect Donald Trump returns to the White House in 2025, he will assume a key position within the U.S. economy. On the campaign trail, the former President promised to eliminate regulations that hold back key U.S. industries and extend tax cuts that expire after 2025. The President-elect has also promised to embark on a large deportation operation when he enters office. Analysts believe Trump's fiscal ideas could influence the trajectory of employment, inflation, and more in the U.S. -- particularly if the Republican party wins both chambers of Congress. Watch the video above to see how the U.S. economy may change under President-elect Trump.

Persons: Donald Trump, Marcus Noland, Trump Organizations: White House, Peterson Institute for International Economics, Republican Locations: U.S

☆ A history professor who accurately predicted 9 of the last 11 elections said he got death threats after getting his 2024 race bet wrong
▼ + stars: | 2024-11-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

Lichtman, who has accurately predicted nine elections to date, called a Harris win in September. He said he's received death threats and that there were two break-in attempts on his home. AdvertisementAllan Lichtman, the history professor who correctly predicted nine of the last 11 presidential elections, said he's received death threats after wrongly predicting 2024's results. Lichtman predicted a win for Vice President Kamala Harris over her opponent, former President Donald Trump, in September. "We've faced death threats, doxxing, swatting and intimidation at our doorstep.

Persons: Allan Lichtman, Lichtman, he's, —, Kamala Harris, Donald Trump, We've, Harris Organizations: Harris, Service, American University, Washington, DC Metropolitan Police Department, Business, YouTube, The New York Times, Trump, Republican

☆ Countries and companies are repositioning themselves for a new Washington order: Sarah Bianchi
▼ + stars: | 2024-11-11 | 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 EmailCountries and companies are repositioning themselves for a new Washington order: Sarah BianchiSarah Bianchi, Evercore ISI chief strategist of international political affairs and public policy, joins 'Squawk Box' to discuss President-elect Trump's election victory, the realignment within the Republican party, impact trade and foreign policy, and more.

Persons: Sarah Bianchi Sarah Bianchi, Evercore, Trump's Organizations: Republican Locations: Washington

☆ Despite presidential headwinds, these Senate Democratic candidates won states Harris lost
▼ + stars: | 2024-11-11 | by ( Arit John | ) edition.cnn.com time to read: +8 min

CNN —Republicans flipped the Senate, but Democratic candidates often outran the top of the ticket, winning at least four battleground states that Vice President Kamala Harris lost. Harris lost all seven swing states to President-elect Donald Trump, while her party’s Senate candidates narrowly held Wisconsin, Nevada and open seats in Michigan and Arizona. In some races, the differences between the Senate candidates’ and Harris’ performances were more pronounced among subsections of the Democratic coalition. While Trump won independents by 2 points, Rosen won the group by 6. Overall, Democratic Senate candidates received more votes than Harris in about half of this year’s races, including in less competitive states such as Minnesota, Virginia and Missouri.

Persons: Kamala Harris, Harris, Donald Trump, Trump, Elissa Slotkin –, Michigan Sen, Debbie Stabenow –, Sen, Tammy Baldwin, Republican Eric Hovde, Jacky Rosen, Republican Sam Brown, Ruben Gallego, Kyrsten Sinema, Republican Kari Lake, Gallego, ’, Rosen, Brown, – Jon Tester, Sherrod Brown, Ohio –, Tester, Republican Tim Sheehy, Republican Bernie Moreno, “, ”, Matt Bennett, Moreno, Sheehy, Larry Hogan, Hogan, Angela Alsobrooks, Mike Berg, ” Berg, Joe Manchin, Manchin, Democratic Sen, Bob Casey, Dave McCormick, Republican Mitt Romney, Maine Sen, Susan Collins, Biden, Barack Obama, ” David Bergstein, Democrats ’, Republicans ’, Joe Biden, Baldwin, Casey, Slotkin, ” Rosen Organizations: CNN, Republicans, Democratic, Senate, Republican, Trump, Michigan, Lake, Montana, Trump voters, Overall, Gov, National Republican Senatorial, Center, Politics, University of Virginia, Democrats, Biden, Law, Convention, White, Democratic Senate Locations: Wisconsin, Nevada, Michigan, Arizona, Pennsylvania, Michigan , Wisconsin, In Wisconsin, Ohio, Minnesota, Virginia, Missouri, Maryland, West Virginia, Maine, Casey, Las Vegas

☆ Trump taps Lee Zeldin as EPA chief, Rep. Elise Stefanik for UN ambassador
▼ + stars: | 2024-11-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former U.S. President and Republican presidential candidate Donald Trump reacts as former U.S. Representative Lee Zeldin speaks at a rally ahead of the New Hampshire primary election in Concord, New Hampshire, U.S. January 19, 2024. Elizabeth Frantz | ReutersPresident-elect Donald Trump said Monday that he would appoint former Rep. Lee Zeldin as administrator of the Environmental Protection Agency, and current Rep. Elise Stefanik as the U.S. ambassador to the United Nations. The executive director of the Sierra Club, a leading environmental group, blasted Trump's selection of Zeldin for the EPA post. "Our lives, our livelihoods, and our collective future cannot afford Lee Zeldin – or anyone who seeks to carry out a mission antithetical to the EPA's mission." Republican Conference Chair Elise Stefanik, R-N.Y., speaks at the Republican National Convention in Milwaukee on Tuesday, July 16, 2024.

Persons: Donald Trump, Lee Zeldin, Elizabeth Frantz, Elise Stefanik, Trump, Trump's, Zeldin, Kathy Hochul, Donald, Ben Jealous, Lee Zeldin –, Bill Clark Organizations: U.S, Republican, New, Reuters, Environmental Protection Agency, United Nations, America, Trump's Cabinet, Gov, League of Conservation Voters, Sierra Club, Republican National Convention, CQ, Inc, Getty Locations: New Hampshire, Concord , New Hampshire, U.S, New York, Milwaukee

☆ President Trump made many tax cut promises. Even with GOP sweep, they won't be easy for Congress to keep
▼ + stars: | 2024-11-11 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +15 min

"Look at which tax cuts were getting the most focus on the campaign trail. A traditional GOP tax policy might be thought of as favoring business tax cuts. "The top priority is extending the Trump tax cuts and the signature part of his program. Notably, House Speaker Mike Johnson has voiced support for the traditional view of funding tax cuts through economic growth. Individual tax cuts versus Social Security, business tax breaksHistory shows that when it comes to the battle between individual and business tax cuts, contrary to popular perception, individual tax issues are always politically dominant issue.

Persons: Donald Trump, Mnuchin, Stamper, Dustin Stamper, Grant Thornton, Rohit Kumar, Mitch McConnell, Trump, Kumar, Mike Crapo, Mike Johnson, It's, PwC, Biden, John Paulson, Paulson, Elect Trump, Joe Manchin, Kamala Harris, Elon Musk Organizations: Van Andel, Trump, GOP, Representatives, Idaho Republican, Senate, Capitol, Social Security, Child Tax, Corporations, New York Times, Republican, Social, Tax, Republicans, Democrats, West, CBO, IRS, Defense, Federal Reserve, Washington , D.C Locations: Grand Rapids , Michigan, U.S, Idaho, West Virginia, Washington ,

☆ Elon Musk has named his top choice for Senate majority leader
▼ + stars: | 2024-11-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Elon Musk wants Rick Scott to be the next Senate majority leader. "Rick Scott for Senate Majority Leader!" Rick Scott for Senate Majority Leader! Both Cornyn and Thune served as deputies to McConnell when he was Senate majority leader. AdvertisementPresident-elect Donald Trump has yet to endorse a candidate, but wrote in an X post on Sunday that the next Senate majority leader should support his recess appointments.

Persons: Elon Musk, Rick Scott, Scott, John Cornyn, John Thune, Mitch McConnell, —, Elon, Sen, Rick Scott of, lpT34yHTKk — Elon, John Thune of, John Cornyn of, Mitch McConnell of, Cornyn, Thune, McConnell, Donald Trump, Musk, — Donald J, Scott's, Trump, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Zelenskyy Organizations: Service, GOP, Musk, Business, Republican Party clinched, United States, Trump, SpaceX, America PAC, PAC, The New York Times Locations: Rick Scott of Florida, John Thune of South Dakota, John Cornyn of Texas, Mitch McConnell of Kentucky, Turkish, Ukraine

☆ Trump likely to pick Marco Rubio to serve as his secretary of state, sources say
▼ + stars: | 2024-11-11 | by ( Kaitlan Collins | Kristen Holmes | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump is likely to pick Florida Sen. Marco Rubio as his secretary of state, two people familiar with his thinking told CNN, as he rounds out his national security team in a second term. Given his deep foreign policy experience and that he sits on both the Senate Intelligence Committee and the Foreign Relations Committee, the State Department seemed like a good fit for Rubio. The Florida senator, a China hawk and finalist for Trump’s VP, was a constant on the campaign trail during Trump’s third presidential run. In 2016, Rubio and Trump’s relationship seemed it may be beyond repair when in the closing days of his campaign, Rubio publicly attacked Trump, saying he wasn’t going to “make America great. But since, Rubio and Trump’s relationship has not only thawed, it has strengthened.

Persons: Donald Trump, Florida Sen, Marco Rubio, Trump, Rubio, Ric Grenell, Grenell, Susie Wiles, Trump’s, He’s, ”, Jack Forrest, Lauren Fox, Steve Contorno Organizations: CNN, Florida, New York Times, Trump’s Cabinet, Senate Intelligence, Foreign Relations, State Department, Republican, Senate Intelligence Committee, Republican Party Locations: Florida, Germany, China, Washington, TikTok

"Any Republican Senator seeking the coveted LEADERSHIP position in the United States Senate must agree to Recess Appointments (in the Senate! One of the demands he outlined is the ability to make recess appointments, which would allow the president to appoint people to senior administration positions and bypass Senate confirmation. In 2020, during the throes of the Covid pandemic, Trump threatened to unilaterally adjourn Congress so he could make recess appointments, but the threat never materialized. Bill Clark / CQ-Roll Call, Inc via Getty Images fileScott quickly weighed Sunday, writing on X that he agrees with Trump about recess appointments. “The Constitution expressly confers the power on the President to make recess appointments,” he wrote in the post.

Persons: Donald Trump, Trump, Barack Obama, Mitch McConnell of, de, GOP Sens, John Cornyn of, Rick Scott of Florida, John Thune of, Sen, Rick Scott, Bill Clark, Scott, Cornyn, ”, ” Thune, “, Schumer, McConnell, Republican Sens, Rand Paul of Kentucky, Tommy Tuberville, Marco Rubio, Bill Hagerty, Josh Hawley, Thune, Mike Lee, Joe Biden, Chuck Schumer Organizations: United States, Senate, adjourn, GOP, Inc, Getty, Trump, Democrats, Republican, CNBC, NBC News, White, Republicans Locations: Mitch McConnell of Kentucky, John Cornyn of Texas, John Thune of South Dakota, Alabama, Marco Rubio of Florida, Tennessee, Utah

Arizona Attorney General Kris Mayes said Sunday that she has “no intention” of dropping the criminal case against a group of President-elect Donald Trump’s allies who sought to overturn the results of the 2020 election in Arizona. “I have no intention of breaking that case up. I have no intention of dropping that case,” Mayes, a Democrat, told MSNBC’s Ali Velshi. Those charged include big names like former Trump attorney Rudy Giuliani and former Trump White House chief of staff Mark Meadows. The case is set to go to trial in 2026, but the defendants have sought to have the case dismissed.

Persons: Kris Mayes, Donald Trump’s, “, ” Mayes, MSNBC’s Ali Velshi, ”, Trump, Joe Biden, Rudy Giuliani, Mark Meadows, Giuliani, Kelli Ward, Michael Ward, Sen, Anthony Kern, Robert Montgomery, Samuel Moorhead, Nancy Cottle, Loraine Pellegrino, Greg Safsten, Christina Bobb, Tyler Bowyer, Arizona committeeman Organizations: Electoral College, Trump, Trump White House, Cochise County GOP, Republican Party, Arizona GOP, Republican National, Arizona Locations: Arizona, Cochise County

☆ Meet the Press – November 10, 2024
▼ + stars: | 2024-11-10 | by ( ) www.nbcnews.com time to read: +56 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. In a Meet the Press interview during his 2016 run, he suggested that his insurgent bid could generate cross-party appeal. AMY WALTER:Yeah, and the other thing that, you know, Democrats have been dining off the anti-Trump coalition now since 2017. RAMESH PONNURU:I think Democrats wildly overestimated the power of the abortion issue to drive candidate choice as opposed to referendum. There would be pressure on the president, President Biden, to not run for reelection.

Persons: KRISTEN WELKER, DONALD TRUMP, PRES, JD VANCE, Donald Trump, KAMALA HARRIS, Kamala Harris, JOE BIDEN, John Barrasso of, Bernie Sanders, Garrett Haake, Amy Walter, Ramesh Ponnuru, María Teresa Kumar, it’s, Kristen Welker, Trump, SEN, TED, JOHN MORENO, JD Vance, MIKE JOHNSON, Biden, they've, NANCY PELOSI, Kamala, DEBBIE DINGELL, RITCHIE TORRES, DAVID AXELROD, ALEXANDRIA OCASIO, unquote, JON FAVREAU, Joe Biden's, JON LOVETT, Joe Biden, “, “ It's, … they're, I'm, Steve Kornacki, STEVE KORNACKI, Kristen, ”, Trump's, That's, You've, Donald Trump's, Harris, Barack Obama, John McCain, it's, Steve, They're, you've, Barrasso, Press . SEN, JOHN BARRASSO, Bill Clinton “, ” Donald Trump, JOHN, We've, He's, we've, that's, Lindsey Graham, He'll, Robert F, Kennedy Jr, Trump hasn't, Susie Wiles, we're, President Trump, John Kennedy, Bobby, Sanders, BERNIE SANDERS, Let's, Nancy Pelosi, I’m, James Carville, JAMES CARVILLE, I've, Sotomayor, Garrett, he's, GARRETT HAAKE, John Barrasso, Paul Ryan's, Amy, AMY WALTER, – KRISTEN WELKER, It's, –, María Teresa, David Noriega, Mario, DAVID NORIEGA, MIREYA ALVAREZ, MARIO ALVAREZ, MARÍA TERESA KUMAR, Ramesh, RAMESH PONNURU, Richard Nixon, Aaron Burr, didn't, he'd, They've, TERESA KUMAR, María, – MARIA TERESA KUMAR, Dobbs, should've, Harris would've, ” KRISTEN WELKER, We'll Organizations: Republicans, Senate, Vermont, NBC, Capitol Hill, National, Press, NBC News, Arizona, Democratic, Republican, REP, Twitter, Trump, Republican Senate, Supreme, White, National Political, Republican Party, Democratic Party, Biden, Senate Republican, Press ., Trump's, United States Senate, Justice Department, Democrat Party, Security, Social Security, FDR, they're, California, Mr, Trump swiped, Democrats, –, Veterans Locations: United States of America, United States, John Barrasso of Wyoming, Washington, American, ALEXANDRIA, CORTEZ, USA, America, California, New York, Wisconsin, Madison , Wisconsin, Milwaukee County, Harris, Arizona, Pennsylvania, Mexico, Vermont, Nancy, Congress, U.S, Texas –, Texas, Philadelphia

During Trump’s first term, for example, he was blocked by the Senate from using recess appointments to replace then-Attorney General Jeff Sessions. Florida Sen. Rick Scott on Sunday quickly posted on X endorsing Trump’s post : “100% agree. The question of recess appointments will now throw a major wrench in the Senate GOP’s leadership election when senators return to Washington this week. Recess appointments were once controversial, last-ditch efforts for presidents to install their nominees after facing long confirmation odds in the Senate. When senators left town, the Senate held a “pro forma” session to prevent any recess appointments.

Persons: Donald Trump, Trump, –, “, ”, ” Trump, —, Jeff Sessions, Florida Sen, Rick Scott, Elon Musk, Dakota Sen, John Thune, who’s, Schumer, ” Thune, Sen, John Cornyn of, Biden’s, George W, Bush, John Bolton, Harry Reid, Mitch McConnell, Barack Obama, CNN’s Ted Barrett, Sarah Ferris Organizations: CNN, GOP, Trump –, Republican, United States, Capitol Hill, Sunday, Florida Republican, Republicans, Democratic, United Nations, Democrat, Senate, Supreme Locations: Florida, ”, Dakota, John Cornyn of Texas, Washington, United

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