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CNN —President-elect Donald Trump’s defense secretary pick, Pete Hegseth, paid a woman who accused him of sexual assault in a settlement agreement that included a confidentiality clause, according to Hegseth’s attorney. Attorney Timothy Parlatore said Hegseth denies assaulting the woman and has characterized the October 2017 incident in Monterey, California as a “consensual sexual encounter.”Monterey city officials last week confirmed that local police had investigated “an alleged sexual assault” involving Hegseth. The woman, whom CNN is not naming because she is an alleged victim of sexual assault, did not respond to subsequent requests to be interviewed. Hegseth was a speaker at a conference held by the California Federation of Republican Women at a hotel during the timeframe when the alleged assault took place. Trump’s announcement was swiftly followed by news of the alleged sexual assault, catching the president-elect’s transition team off guard, CNN reported Friday.

Persons: Donald Trump’s, Pete Hegseth, Timothy Parlatore, Hegseth, “, Parlatore, – “ contusions, Trump, ”, ” Steven Cheung, CNN’s Kyung Lah, Scott Glover Organizations: CNN, Fox News, Washington Post, Hyatt Regency Monterey, California Federation of Republican Women, Hegseth, Pentagon, United, Defense Locations: Monterey , California, Monterey, Hyatt Regency Monterey Hotel, Spa, Monterey City

☆ What the next Trump presidency could mean for US education
▼ + stars: | 2024-11-17 | by ( Katie Lobosco | Devan Cole | ) edition.cnn.com time to read: +12 min

Here are some of the things Trump has pledged and how or whether they could become reality:Abolishing the Department of EducationPledge: Trump has repeatedly said he will close the federal Department of Education, sending authority over education back to the states and saving taxpayer dollars. Trump has distanced himself from the policy paper, but a CNN review found that at least 140 people who worked in the first Trump administration were involved. How it could be done: It’s not clear how the Trump administration could achieve these goals. But the new Trump administration could set certain requirements that schools must meet to receive federal funding. The Trump administration could decide to rescind the repayment plan, which was created by a regulatory process.

Persons: Donald Trump, ”, “, Trump, Joe Biden, Betsy DeVos, Robert Enlow, Brian Snyder, ” Trump, Derrell Bradford, Biden, it’s, It’s, Vanessa Kelly, Thomas Toch, Georgetown University’s, ” Toch, Gene J, –, doesn’t, Congress –, Trump’s, Obama Organizations: Washington CNN —, ”, Department of Education, of Education, Education, Labor, Department of Health, Human Services, Heritage Foundation, CNN, of Education’s, Civil Rights, Department of Justice, Department of Treasury, Base Andrews, Reuters Universal, Trump, Vance, “, Fox Business, Republican, Children, IX, GOP, Biden, Department, Justice, Georgetown, Georgetown University’s McCourt School of Public, Penn State University, 8th, Public, Congress Locations: Maryland, Washington

☆ Alec Baldwin debuts RFK Jr. impression on 'Saturday Night Live' as the cast mocks Trump's cabinet picks: 'I got a dead dolphin in my car'
▼ + stars: | 2024-11-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Baldwin played Robert F. Kennedy Jr., Trump's health secretary nominee. The show also saw Sarah Sherman play Matt Gaetz, Trump's pick for attorney general. We've got Kristi Noem and RFK Jr. "Girls' volleyball season," Sherman said, before introducing Alec Baldwin as RFK Jr. — a well-known vaccine skeptic and conspiracy theorist. Trump, Musk, and RFK Jr. appeared together alongside other cabinet picks at UFC 309 on Saturday.

Persons: Alec Baldwin, Baldwin, Robert F, Kennedy Jr, Sarah Sherman, Matt Gaetz, Donald Trump's, James Austin Johnson's Trump, We've, Kristi Noem, Johnson, Gaetz, Sherman, —, XCX, Elon Musk, Elon, Trump, Dana White Organizations: NBC, Elon, RFK Jr, Trump, Health, Human Services Department, UFC Locations: Central Park, British, Madison

☆ Trump, Musk, and new cabinet picks celebrate election victory with surprise appearance at UFC
▼ + stars: | 2024-11-17 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +2 min

AdvertisementDonald Trump celebrated his election win at UFC 309 with key allies. Trump was joined by Elon Musk, Tulsi Gabbard, and Robert F. Kennedy Jr.Musk, who invested millions in Trump's campaign, will lead a new cost-cutting agency. Donald Trump celebrated his election victory with a surprise appearance at UFC 309 on Saturday. The president-elect, flanked by UFC chief Dana White, arrived at Madison Square Garden to thunderous applause and cheers from the packed-out crowd. "I also want to say a big, big thank you to President Donald Trump for being here tonight," Jones said, before imitating Trump's "YMCA" dance.

Persons: Donald Trump, Trump, Elon Musk, Tulsi Gabbard, Robert F, Kennedy Jr, Musk, Dana White, — Elon Musk, Vivek Ramaswamy, Robert F Kennedy Jr, Joe Rogan, Jon Jones, Jones, ike J ohnson,, hite, ince Organizations: UFC, Elon, " Department of Government, Trump, FC, FK J, ust Locations: Madison, usk

☆ The hidden dangers of parabolic stock moves — and how to best handle them
▼ + stars: | 2024-11-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

People always ask me why I dislike parabolic moves. In other words, parabolic moves force you to be a trader. I will fight no one who wants to buy Palantir because I sense that one will be the last name to go down. But parabolic moves are intoxicating. If we just had the 10-year bond move to 5%, I wouldn't even bother addressing the hidden dangers behind parabolic moves.

Persons: —, it's, Nvidia disappoints, Elon Musk, Robert F, Kennedy Jr, that's, Buffett, Warren, didn't, Fox, Richard Nixon, there's, Jim Cramer's, Jim Cramer, Jim, Alex Karp, Stefani Reynolds Organizations: York Stock Exchange, Nvidia, GameStop, SpaceX, RFK Jr, Health, Human Services Department, Apple, Amazon, Fox News, Republicans, Justice Department, Nuclear ETF, Jim Cramer's Charitable, CNBC, U.S, Senate, Intelligence, Capitol, Washington , D.C, Afp, Getty Locations: There's, Washington, Washington ,

☆ California to remove racist term for Indigenous women from some locations
▼ + stars: | 2024-11-17 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +3 min

CNN —California is stripping the word “squaw” – a derogatory term for Indigenous women – from dozens of place names across 15 counties, state agencies recently announced. The updated place names are expected to go in effect by January 1, 2025. The upcoming changes are part of nationwide efforts to examine and replace derogatory terms on geographic features. The California Advisory Committee on Geographic Names approved renaming more than 30 locations, marking “a significant milestone for Native American women,” the California Natural Resources Agency (CNRA) said in a news release Friday. These place names should never insult communities or perpetuate discrimination,” Wade Crowfoot, the CNRA’s secretary, said in the release.

Persons: Gavin Newsom, ” Wade Crowfoot, Crowfoot, Deb Haaland, Bill No, Newsom, James C, Ramos, “, ” Ramos, CNN’s Sara Smart, Yan Kaner Organizations: CNN, Geographic, California Natural Resources Agency, Census, California, California Department of Forestry, Task Force Locations: California, “, Fresno County, Humboldt County, American, West Sacramento

☆ Trump picks oil industry CEO Chris Wright as Energy Secretary
▼ + stars: | 2024-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. He has stood out among oil and gas executives for his freewheeling style, and describes himself as a tech nerd. The secretary also oversees the aging U.S. nuclear weapons complex, nuclear energy waste disposal, and 17 national labs. If confirmed by the Senate, Wright will replace Jennifer Granholm, a supporter of electric vehicles, emerging energy sources like geothermal power and a backer of carbon-free wind, solar and nuclear energy.

Persons: Donald Trump, Chris Wright, Wright, we’re, ” Wright, Biden, Trump, Jennifer Granholm Organizations: Department of Energy, Liberty Energy, Strategic Petroleum Reserve, Office, Senate, Republicans, Democrats Locations: Denver, Soviet, U.S, —, United States

While Gaetz’s ability to be confirmed appears on the rocks among Senate Republicans, President-elect Donald Trump’s team remains confident he will eventually be confirmed, even if it’s after an ugly battle. Gaetz and Trump attorney Todd Blanche are moving full speed ahead on trying to fill out the Justice Department, according to sources familiar with the planning. In his few terms in the House, Gaetz has often been embroiled in controversy. The attorney, John Clune, also called for the release of a House Ethics Committee report detailing the committee’s investigation into Gaetz, which has been ongoing for several years. Since the Truth Social post, Trump has not asked for any specific Cabinet pick, including Gaetz, to be confirmed via recess appointment.

Persons: Matt Gaetz, Donald Trump’s, Todd Blanche, Blanche, Trump, ”, JD Vance, Gaetz, Matt, ’, Mike Johnson, John Clune, ” Sen, Lindsey Graham, Johnson, “, John Cornyn, Sen, Kevin Cramer, Michael Guest, ” Cramer, Gaetz —, Democratic Sen, Richard Blumenthal, we’re, Tom Williams, Vance, Cramer Organizations: Republicans, Department of Justice, NBC, Trump, Justice Department, NBC News, Trump —, Capitol, House, ”, Democratic, …, Washington , D.C, Inc, Getty, Pennsylvania’s Senate, GOP, Truth Social Locations: America, Texas, Orlando, Washington ,, Pennsylvania’s

House Speaker Mike Johnson said yesterday that he will request the committee not release the report. For defense secretary: Separately, the Trump transition team was caught off guard by a previous allegation of sexual assault against defense secretary pick Pete Hegseth, who had received little internal vetting, according to sources. Several members of Trump’s team have since raised questions about the viability of his nomination, according to two people close to the situation. Within 48 hours of Trump announcing Hegseth, the heads of the president-elect’s transition team were brought a complaint about the sexual assault allegation. But the nature of the allegations caused incoming chief of staff Susie Wiles to question Hegseth during a call Thursday, a source told CNN.

Persons: Donald Trump’s, Matt Gaetz, Trump, Gaetz, Mike Johnson, “ Merrick, ”, Trump’s, Pete Hegseth, Hegseth, Susie Wiles Organizations: ABC News, CNN, Trump Locations: Congress, Florida, Monterey , California, Monterey County

Jared Leopold, a Democratic strategist and former top official at the Democratic Governors Association, noted that while the Democratic governors who ran for president in 2020 were less well known, potential 2028 contenders like Michigan Gov. Gretchen Whitmer, Pennsylvania Gov. “And I also think there’s not going to be as much to be done in the Senate with a deeper minority. Ditto for Shapiro, who has spent the days after the election focused on economic development efforts in his state. Others, like Connecticut’s Chris Murphy and Pennsylvania’s John Fetterman, look interested in shaping a new Democratic approach on myriad issues.

Persons: Kamala Harris ’, Donald Trump, —, Joe Biden’s, Jared Leopold, Gretchen Whitmer, Josh Shapiro, Gavin Newsom, JB Pritzker, pushback, ”, Leopold, Jay Inslee’s, there’s, Trump, Caitlin Legacki, ” Legacki, Newsom, Pritzker, ” Trump, Gavin Newscum ”, ’ ” Newsom, Pritzker —, “, ” —, Jared Polis, ” Pritzker, Ezra Levin, Shapiro, Whitmer, Harris ’, “ I’ve, Jocelyn Benson, ” Whitmer, winking —, Ditto, Harris, ‘ I’ve, I’ve, I’m, “ We’re, ‘, Jon Ossoff, Raphael Warnock, Arizona’s Mark Kelly, Ossoff, Sen, Ruben Gallego, Chris Murphy, Pennsylvania’s John Fetterman, Murphy, MAGA, Joe Rogan’s, Fetterman, Wes Moore, Kentucky’s Andy Beshear, Cory Booker, Amy Klobuchar, Pete Buttigieg, Alexandria Ocasio, Ro Khanna, Khanna, he’s, Gen Z, Warnock, There’s, Mark Cuban, ” Leopold, workhorses, Democrats it’s, Al Davis ’, Robby Mook, Hillary Clinton’s, ” Mook Organizations: NBC News, Trump, Democratic, Democratic Governors Association, Michigan, Illinois Gov, Washington Gov, ” “ Governors, White, Capitol, Colorado Gov, Governors, Democracy, Hyatt, Democratic Party, Democratic National Convention, ”, Gridiron Club, NBC, New York, Democrats ’, Marine, Transportation, New Hampshire —, Pennsylvania Democrat, Cuban, Democrats, Oakland Raiders Locations: Pennsylvania, California, Trumpism, Illinois, Michigan, ” Michigan, Washington ,, Arizona, Sens, Cortez, New Hampshire, Washington, Cuban

WASHINGTON — President-elect Donald Trump on Friday announced that he is selecting Karoline Leavitt to serve as White House press secretary. "Karoline is smart, tough, and has proven to be a highly effective communicator," Trump said in a statement. Leavitt served as his campaign’s national press secretary during this election cycle, and since Election Day, she has served as a transition team spokesperson. As campaign press secretary, Leavitt has also repeatedly embraced Trump's criticism of media outlets as "fake news." Leavitt served as an assistant press secretary during Trump's first term.

Persons: Donald Trump, Karoline Leavitt, Karoline, Trump, Leavitt, Trump's, It’s, I’ll, Steven Cheung, Cheung, Chris Pappas Organizations: WASHINGTON, White, American, NBC News, Democratic Locations: New Hampshire

☆ The election is over, but bettors are still wagering on these 8 political predictions
▼ + stars: | 2024-11-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AdvertisementPrediction markets made a splash during 2024 Presidential election. Billions of dollars were bet on the presidential election outcome via prediction market platforms like Kalshi and Polymarket this year. Here are some political bets to watch on Kalshi and Polymarket now that the presidential election is over. Johnnie Izquierdo/Getty ImagesCurrent odds: Yes (32¢), No (69¢)Betting volume: $285,843Trump ends Gaza war by first 100 days? Mostafa Bassim/Anadolu via Getty ImagesCurrent odds: Yes (47¢), No (54¢)Betting volume: $267,997

Persons: Kalshi, Mike Tyson, Jake Paul, Donald Trump's, Gavin Newsom, Josh Shapiro, Gretchen Whitmer, Pete Buttigieg, Andy Beshear, JD Vance, Anna Moneymaker, Vivek Ramaswamy, Ron DeSantis, Donald Trump Jr, Marco Rubio, Donald Trump, Robert F, Kennedy, Kevin Dietsch, Elon Musk, Steve Bannon, Jared Kushner, Ben Carson, Ken Paxton, Betsy DeVos, Ivanka Trump, Oleg Petrasiuk, Matt Gaetz, Trump, Tom Williams, DOUG MILLS, Karoline Leavitt, Scott Jennings, Tucker Carlson, Alina Habba, Kari Lake, Peter Doocy, Johnnie Izquierdo, Mostafa Bassim Organizations: Democratic, Republican, Libertarian National Convention, RFK Jr, Trump, 24th Mechanised Brigade, AP, United, Trump's, Getty, George Washington University in, George Washington University in Washington DC Locations: Trump's, Ukraine, Florida, Gaza, George Washington University in Washington, Anadolu

☆ Elon Musk is looking for trillions in government waste, and defense is a massive potential target
▼ + stars: | 2024-11-16 | by ( Jake Epstein | Grace Kay | ) www.businessinsider.com time to read: +10 min

President-elect Donald Trump has tapped Elon Musk to help spearhead cuts to government spending, and the defense sector could be a prime target. But Musk's past comments hint at one area he could target: defense contracts. Musk built SpaceX's business model around fixed-price contracts. Musk's new initiative could recommend exactly this: a move away from cost-plus contracts toward fixed-price contracts. An aerial view of the Pentagon AP Photo/Patrick Semansky, FileMusk's new initiative may target other areas of Pentagon spending, as well.

Persons: Donald Trump, Elon, Elon Musk, It's, Trump, Musk, Julia Demaree Nikhinson, Clayton Swope, Walter Isaacson's, Swope, John Raoux Overspending, Gerald R, Mike Gallagher, Gallagher, Ford, Steve Helber, Bryan McGrath, Todd Harrison, —, Harrison, Michael Bohnert, they've, Archer Macy, Patrick Semansky, John Harvey Jr, Mississippi Sen, Roger Wicker Organizations: Defense, Pentagon, Department of Government, SpaceX, NASA, AP, Center for Strategic, International Studies, Services, International Space, Kennedy Space Center, Littoral, Ford, DoD, Republican, Palantir Technologies, Newport News Shipbuilding, American Enterprise Institute, Shipbuilding, BAE Systems, RAND Corporation, CSIS, US Air Force, Navy, Senate Armed Services Committee Locations: Pennsylvania, Columbia, China, Wisconsin, Virginia, Mississippi

☆ Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +12 min

The main control room of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. (Take a deeper look inside the Three Mile Island nuclear power plant here.) Part of a control panel at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. A cooling tower at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. The turbine deck of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.

Persons: Danielle DeVries, Trevor Orth, Chris Crane, Constellation, Bryan Hanson, Hanson, Holtec, Mike Goff, Thomas Mehaffie, Tom Mehaffie, Mehaffie, Mehaffie's, PJM, Mark Christie, Alistair Speirs, Speirs, Ryan Levine, Levine, CNBC Hanson Organizations: CNBC MIDDLETOWN, Constellation Energy, Nuclear Regulatory Commission, Constellation, NRC, CNBC, Crane Clean Energy, Microsoft, Google, U.S . Unit, Energy Solutions, Unit, of Nuclear Energy, Department of Energy, Pennsylvania, Construction, Federal Energy Regulatory Commission, CNBC Federal, Nuclear Regulatory, Citi, General Electric Locations: Middletown , Pennsylvania, Pa, United States, U.S, Baltimore, Exelon, Michigan, Pennsylvania, Harrisburg

☆ Elon Musk throws his weight behind Howard Lutnick over Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Musk wrote on X that Cantor Fitzgerald chief executive Howard Lutnick would "actually enact change." Lutnick and Key Square Group founder Scott Bessent are leading contenders for the role. Elon Musk on Saturday said that Cantor Fitzgerald CEO Howard Lutnick would "actually enact change" should he be tapped as President-elect Donald Trump's Treasury secretary. Advertisement"My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change," Musk wrote. My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.

Persons: Elon Musk, Musk, Cantor Fitzgerald, Howard Lutnick, Scott Bessent, Donald Trump's, Trump, Bessent, Republican Sen, Lindsey Graham of, Semafor, Graham, igGLZOJ8wz — Elon Organizations: Elon, Key Square, Group, Republican, Street Journal Locations: Lindsey Graham of South Carolina, South Carolina

☆ Trump picks Liberty Energy CEO and Oklo board member Chris Wright as Energy secretary
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump on Saturday selected Liberty Energy CEO Chris Wright to serve as the next energy secretary of the United States. Wright serves on the board of Oklo , a nuclear power startup backed by OpenAI CEO Sam Altman that is developing micro reactors. Wright will also serve on Trump's Council of National Energy, the president-elect said Saturday. "There is no climate crisis and we're not in the midst of an energy transition either," Wright said in a video posted on his LinkedIn page last year. "There is no such thing as clean energy or dirty energy," Wright said.

Persons: Donald Trump, Chris Wright, Wright, Sam Altman, Trump's, Doug Burgum, we're, Trump, Chris Organizations: Republicans, Hyatt, Saturday, Liberty Energy, United States . Liberty Energy, Trump, U.S, Trump's, of National Energy, Interior Secretary, North Dakota Gov, American Energy Independence, Global Energy Markets, The, Energy Information Administration Locations: Washington , DC, United States, Denver, The U.S, Russia, Saudi Arabia

☆ Rodrigo Duterte wants to make a comeback in the Philippines. What could go wrong?
▼ + stars: | 2024-11-16 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +12 min

But major cracks appeared in January, when Rodrigo Duterte called Marcos a “drug addict” and threatened that the president could be removed from power. Months later, Vice President Duterte-Carpio resigned as education secretary, a departure seen by analysts as a sign that the relationship between the country’s top leaders was beyond repair. “And when they get there, I will be the president of hell.”Marcos insisted he thought he and the vice president were friends. Philippine President Ferdinand Marcos Jr. and Vice President Sara Duterte attend an education-related event in Manila on January 25, 2024. Despite all the controversies and alleged links to extrajudicial killings and suspected criminals, Duterte has told Davao voters that a vote for him is a vote for order.

Persons: Rodrigo Duterte, Donald Trump’s, Sara Duterte, Carpio, Ferdinand Marcos Jr, –, Ferdinand Marcos, Marcos, Rodrigo Duterte’s, Richard Heydarian, ”, Duterte, “, ” Duterte, Duterte's, Jes Aznar, Sebastian Duterte, Paolo Duterte –, Heydarian, “ It’s, ” Heydarian, Ezra Acayan, Ferdinand Marcos Sr, ” Marcos, Sandro Marcos, behead, Ranjit Singh Rye, ” Rye, Cleve Arguelles, Numero, Sebastian, Rodrigo’s, Paolo, ” Arguelles, reigniting, Prospero Nograles, Margarita, Karlo Nograles, Arguelles, Pastor Apollo Carreon, God ”, of Jesus Christ Organizations: CNN, Trump, Asian Center of, University of the, International Criminal Court, ICC, Department of Education, Lawmakers, Getty, Davao, Association of Southeast Asian Nations, Kyodo, Marcos, FBI Locations: Philippine, Davao City, Mindanao, Philippines, United States, China, University of the Philippines, Davao, Manila, “, Duterte, West Philippine, Washington, Beijing, Rye, Karlo, of

☆ Trump picks oil industry CEO Chris Wright as Energy secretary
▼ + stars: | 2024-11-16 | by ( ) www.cnbc.com time to read: +2 min

Persons: Donald Trump, Chris Wright, Wright, we're, Biden, Trump, Jennifer Granholm Organizations: Republicans, Hyatt, Department of Energy, Liberty Energy, Strategic Petroleum Reserve, Office, Senate, Democrats Locations: Washington , DC, Denver, Soviet, U.S, United States

☆ Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary
▼ + stars: | 2024-11-16 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet to announce his preference to fill. Musk wrote that Howard Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald, BGC Group and Newmark Group chairman, will "actually enact change." Lutnick and Key Square Group founder and CEO Scott Bessent are reportedly top picks to run the Treasury Department. Musk, CEO of Tesla and SpaceX, also included his thoughts on Bessent in his post on X.

Persons: Elon Musk, Donald Trump, Musk, Howard Lutnick, Vance, Cantor Fitzgerald, Scott Bessent Organizations: Academy Museum of Motion Pictures, Trump, Newmark Group, Key Square Group, Treasury Department . Musk, SpaceX Locations: Los Angeles , California

Trump wants Gaetz confirmed “100%,” a source told CNN. He also believes Gaetz is uniquely positioned to defend the Trump administration on television, an attribute prioritized by the president-elect. Trump’s pick for deputy attorney general — his defense attorney Todd Blanche — will carry out the day-to-day work of overseeing the Justice Department’s more than 40 agencies and 115,000 employees. In recent days, Gaetz has been reaching out directly to Republican senators, according to a source familiar with the efforts. The Democratic-controlled Judiciary Committee formally requested the House Ethics Committee report already, but Democrats will lose control of the committee in January.

Persons: Donald Trump, Matt Gaetz, Trump, Gaetz, ” Trump, Trump’s, Todd Blanche —, Justice Department’s, ” Gaetz, “, ”, Sean Spicer, Gaetz’s, Pete Hegseth, Robert F, Kennedy Jr, Tulsi Gabbard, Kennedy, Sen, Lisa Murkowski, Susan Collins of Maine, Joni Ernst, “ He’s, North Dakota Sen, Kevin Cramer, Kevin McCarthy, Oklahoma Sen, Markwayne Mullin, CNN’s Manu Raju, ” Mullin, Mullin, Mike Johnson, Mike Rounds, John Cornyn of, ” Rounds, Chuck Grassley, Grassley, John Thune, Thune Organizations: CNN, Department, Senate, Justice Department, Trump, Justice, Fox News, Hawaii Rep, Republican Senate, Republicans, Republican, North Dakota, Democratic, GOP Locations: Florida, Alaska, Iowa, Oklahoma, John Cornyn of Texas

We had no income tax, and all we had was tariffs.”That’s why some Wall Street titans are trying to push for Bessent. Kyle Bass, a billionaire hedge fund investor at Hayman Capital Management, said Lutnick doesn’t have the composition to lead the Treasury. “Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury,” Bass posted on X Wednesday. A full week after appearing to decide on nominating Bessent, Trump interviewed him again at Mar-a-Lago. A key Cabinet player, the Treasury secretary advises the president on economic and fiscal matters, including spending and taxes.

Persons: Donald Trump, Elon Musk, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent, ” Musk, —, Bessent, ”, Kyle Bass, Lutnick doesn’t, “ Scott Bessent, ” Bass, “ Scott, I’ve, Bass, Dan Loeb, Scott Lincicome, Lutnick, “, Cheney, Lutnick —, Dick Cheney’s, George W, Tennessee Sen, Bill Hagerty, Larry Kudlow, Kudlow, Steven Mnuchin, Mnuchin Organizations: CNN, Trump, “, Wall, Fox News, titans, Hayman Capital Management, Treasury, U.S . Treasury, Cato Institute, Federal Reserve, Peterson Institute for International Economics, National Economic Council, America, Policy Institute, Fox Business, Bessent, Mar, Republicans, Treasury Department Locations: America, United States

☆ NATO's 'Trump whisperer' chief has a clear message for the president-elect: Europe knows it must spend more on arms
▼ + stars: | 2024-11-16 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

AdvertisementNATO chief Mark Rutte has a message for Donald Trump: Europe knows it must spend more on arms. Rutte made a point of highlighting Poland's strong defense spending during a recent trip to Warsaw. NATO Secretary General Mark Rutte has a "clear message" for the US: Europe knows it must spend more on defense. Rutte said last week that Europe would have to spend more than the 2% of GDP target. AdvertisementPoland and NATOPoland's surge in defense spending has come in response to Russia's full-scale invasion of Ukraine, which it launched in February 2022.

Persons: Mark Rutte, Donald Trump, Rutte, Trump, Andrzej Duda, Donald Tusk, Donald Trump's, Emmanuel Macron, General, Aaron Korewa Organizations: NATO, Trump, Warsaw Locations: Europe, Warsaw, NATO, Poland, United States, Paris, Ukraine, Russia, North Korea, Iran, China, Pacific, North America, Germany, Asia

☆ Inside the conservative hunt for partisans in the federal government before Trump takes over
▼ + stars: | 2024-11-16 | by ( Steve Contorno | ) edition.cnn.com time to read: +8 min

The requests were like thousands of others sent in the past two years by Trump-allied groups seeking to identify perceived partisans within the federal government. Dominic Gwinn/AFP/Getty Images/FileHowell estimates his group has submitted around 65,000 requests to federal agencies under the Freedom of Information Act, a law that governs public access to records produced by the government. Timothy D. Easley/AP/FileTrump as a candidate vowed to reinstate a 2020 executive order known as Schedule F, which gave him power to commence mass firings of federal employees who could be impediments to his agenda. America First Policy Institute also has close ties to Trump’s transition. However, it so far has not published a list of federal employees for the Trump administration to target, though Howell did not rule it out.

Persons: CNN —, Elon Musk, Donald Trump, Trump, “, ”, Mike Howell, “ We’ve, Dominic Gwinn, Howell, Tom Jones, Jones, ” Jones, Timothy D, Linda McMahon, McMahon, “ Trump, ” Everett Kelley, “ It’s, ” Howell, Rene Marsh Organizations: CNN, Department of Transportation, Trump, White, Heritage Foundation, National Conservative Conference, Getty, Policy Institute, American, Foundation, Department of Homeland Security, Democratic, Capitol Hill, Policy, Easley, America, Small Business Administration, Environmental Protection Agency, The Department of Transportation, EPA, American Federation of Government Employees Locations: Washington ,, AFP, Bardstown , Kentucky

☆ Why Trump and Elon Musk want key administration officials to be confirmed without a floor vote
▼ + stars: | 2024-11-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump wants the next GOP senate leader to give him greater power to staff vacancies. Trump wants to use the president's recess appointment power in a major way. Like Trump, Musk is a big believer in flexing the recess appointment power. Related storiesIn his push for recess appointment power, Trump argued it was about ensuring he could staff up in a timely manner. Officials installed via recess appointment can only serve until Congress' next session.

Persons: Donald Trump, Trump, Elon Musk, Matt Gaetz, Robert F, Kennedy Jr, It's, Casey Burgat, Sen, John Thune of, Mitch McConnell of, Thune, Bret Baier, JD Vance's, Ronald Reagan's, hasn't, Kennedy, Sarah Binder, George W, Bush, John Bolton, Don McGahn, McGahn, Ed Whelan, Whelan, Burgat Organizations: White, Trump, Human Services, GOP, Legislative, George Washington University's Graduate School of Political Management, Fox News, Republicans, Center, Biden, Brookings, United Nations, Public Policy Center Locations: Washington, Florida, John Thune of South Dakota, Mitch McConnell of Kentucky

☆ Trump made a lot of tax promises. Can he keep them?
▼ + stars: | 2024-11-16 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

Although Trump claims that his plan to raise tariffs will replace the revenue lost to these tax breaks, experts say that’s not possible. President-elect Donald Trump's tax proposals could cost trillions of dollars. In addition to eliminating taxes on certain income, Trump also floated making interest paid on car loans fully tax deductible; getting rid of the controversial cap on state and local tax deductions; ending the double taxation on Americans who live abroad; exempting police officers, firefighters, veterans and active-duty military from federal income tax; and even exploring jettisoning the federal income tax itself. Though his campaign didn’t release details on the proposal, Trump indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Virtually all tipped workers would get some tax relief if Trump also gets rid of payroll taxes on tips, the Tax Policy Center found.

Persons: Donald Trump, ” Karoline Leavitt, Trump, Marc Gerson, Miller, ”, Gerson, Donald Trump's, Jabin, Idaho Sen, Mike Crapo, Mandi Critchfield, Spokespeople, Jason Smith, Chris Campbell, ” Campbell, Republican Sen, Ted Cruz of, Byron Donalds, “ Sen, Brendan Duke Organizations: CNN, Social Security, Trump, GOP, “, Fox News, Capitol, Washington D.C, Republicans, Washington Post, Getty, Senate, Missouri Rep, Republican, Incamera Solutions, Yale University, Center, Rep, Center for American Progress Locations: Washington, Idaho, Nevada, Ted Cruz of Texas, Florida

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