Connect with us

Hi, what are you looking for?

Daily Planning Capabilities – Investing and Stock NewsDaily Planning Capabilities – Investing and Stock News

Latest News

What we’re watching: Trump’s picks are complete but Hill fights loom

Here’s what we’re watching in transition world today:

 🗓️ What we’re watching

GOP lawmakers are pushing back against President-elect Donald Trump and his attempt to control Congress, including his apparent attempt to go around Congress’ constitutionally guaranteed power to control federal spending and, in the Senate, confirm presidential nominees. Sen. Kevin Cramer (R-N.D.) predicted that Republican senators won’t allow the latter.

🚨What’s up with the nominees?

While Trump’s replacement for Matt Gaetz as attorney general is a relief to many Justice Department staffers, Pam Bondi does not have their full support either. One former prosecutor asked if she would “just be a somewhat more palatable, esthetically more enhanced version of Gaetz or something else?”

📝ICYMI: Here are the latest Cabinet picks 

Hedge fund manager and Trump’s Wall Street ally Scott Bessent is the president-elect’s pick to be Treasury secretary. If confirmed, Bessent would be the first openly gay person to hold this position. 
Former director of the Office of American Innovation and acting director of the Domestic Policy Council during the first Trump administration Brooke Rollins was tapped on Saturday to be Agriculture secretary. The pick came as a surprise to some who  witnessed infighting over the role between Trump advisers, family members and agriculture groups.
Republican Rep. Lori Chavez-DeRemer was chosen as Labor secretary on Friday by Trump. Chavez-DeRemer, who lost her Oregon House seat this year to Democratic Janelle Bynum, is seen as another surprising choice. The secretary-designate would be a staunchly pro-union voice in an administration expected by many to favor business interests over those of organized labor.
Former NFL player and chair of the Center for Education Opportunity Scott Turner was picked by Trump on Friday to lead the Department of Housing and Urban Development. Turner also previously served as a Texas House representative from 2013 to 2017 and was the executive director of the White House Opportunity and Revitalization Council. If confirmed, he is expected to attempt to cut HUD funding and reverse Biden’s fair housing policies.

⏱️What Cabinet secretary announcements are we still waiting on?

None — in a flurry of announcements on Friday night and Saturday afternoon, Trump rounded out his Cabinet secretary nominees. 

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Introduction To The Long Put Strategy Options are used by investors to take advantage of a wide range of projections on the state of the...

    Investing

    Introduction Options can provide investors with an extremely versatile tool that can be used to bet on market direction or changes in volatility levels....

    Investing

    In both cases a (usually near the money) option is sold and used to partially fund the purchase of two (or more) out of...

    Investing

    What’s the Difference Between SPX and SPY Options? Dividends Dividends are not normally paid to options holders. However, SPY pays a dividend every quarter. This is...

    Disclaimer: Dailyplanningcapabilities.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 Dailyplanningcapabilities.com