The Biden administration is in a hurry to finalize more than a dozen green energy loans worth more than $25 billion before President-elect Donald Trump takes office in mid-January—a frantic effort that lawmakers and industry officials are warning could lead to fraud and abuse of taxpayer money. Through the Department of Energy’s Loan Programs Office,
President-elect Donald Trump on Friday announced hedge fund billionaire Scott Bessent as his pick for U.S. Treasury secretary, choosing a former executive with Soros Fund Management who in recent years has been a vocal supporter of the former president’s policies, from tariffs to spending cuts. If confirmed, Bessent would follow Janet Yellen, a labor economist
The nomination ended days of speculation after several other names emerged as competitors to the reported favorite. President-elect Donald Trump has nominated Scott Bessent to lead the U.S. Department of the Treasury, ending days of speculation after other names emerged as competitors to the reported favorite. “Scott is widely respected as one of the world’s
President-elect Donald Trump is selecting hedge fund CEO Scott Bessent to be Treasury secretary, he announced Friday. In a statement, Trump said he was “most pleased to nominate” Bessent, describing him as “widely respected as one of the world’s foremost international investors and geopolitical and economic Strategists.” He said that that Scott “will support” policies
President-elect Donald Trump announced on Nov. 21 that he had chosen Pam Bondi, a longtime supporter of his and Florida’s former attorney general, to lead the U.S. Justice Department during his second term. News of her nomination came shortly after former Rep. Matt Gaetz (R-Fla.) withdrew his name from consideration amid allegations of sexual misconduct
The longest-serving senator in U.S. history is transitioning away from his role in GOP leadership. Senate Minority Leader Sen. Mitch McConnell (R-Ky.) will chair two key committees in the new Congress, according to his announcement on Thursday. McConnell said he will head the Senate Appropriations Subcommittee on Defense and the Senate Rules Committee. The longest-serving
Hayley Harrison is the incoming first lady’s first hire ahead of her return to the White House. President-elect Donald Trump’s wife, Melania Trump, has selected her longtime aide, Hayley Harrison, as her chief of staff upon her return to the East Wing of the White House. The appointment marks the incoming first lady’s first hire