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style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover;object-position:center" class="rounded-lg"/></noscript></span></div></a><a href="https://www.businessinsider.in/politics" class="absolute bottom-2 left-2 bg-white bg-opacity-75 text-biblack font-normal text-xs py-1 px-2 rounded-full flex hover:bg-gray-100 text-biblack items-center topstory_category" title="Politics"><img src="https://staticbiassets.in/thumb/msid-100300566,width-1240,resizemode-4,imgsize-100300566.jpg" alt="Politics" class="w-4 mr-1" width="16" height="16"/>Politics</a><span class="absolute bottom-2 right-2 bg-white bg-opacity-75 text-biblack font-normal text-xs py-1 px-2 rounded-full flex"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 32 32" class="w-4 mr-1"><defs class="jsx-5530ea59f1e0bde0"></defs><title></title><g data-name="Layer 11" id="Layer_11"><path class="cls-1" d="M16,5A11,11,0,1,0,27,16,11,11,0,0,0,16,5Zm0,20a9,9,0,1,1,9-9A9,9,0,0,1,16,25Z"></path><polygon class="cls-1" points="15 15 9.33 15 9.33 17 17 17 17 8.83 15 8.83 15 15"></polygon></g></svg>3 min read</span></div><div class="flex flex-col justify-start w-full mt-3"><a rel="noopener" href="https://www.businessinsider.in/politics/world/news/trumps-new-fcc-pick-is-a-win-for-elon-musk/articleshow/115428323.cms" target="_self" class="topstory_title" title="Trump's new FCC pick is a win for Elon Musk"><h1 class="md:text-xl text-base font-bold text-black mb-3">Trump's new FCC pick is a win for Elon Musk</h1></a><a rel="noopener" href="https://www.businessinsider.in/politics/world/news/trumps-new-fcc-pick-is-a-win-for-elon-musk/articleshow/115428323.cms" target="_self" class="topstory_summary" title="Trump's new FCC pick is a win for Elon Musk"><div class="text-base font-normal text-[#6D787A]"><ul class="grid grid-cols-1 gap-4 content-center pl-5 list-disc"><li>Trump has nominated Brendan Carr to serve as the chair of the Federal Communications Commission.</li><li>Carr is an ally of Elon Musk and has previously gone to bat for his company, Starlink.</li></ul></div></a></div></div><div class="flex justify-between items-center mt-3 lg:mb-0 mb-2"><div><div class="flex flex-row justify-start items-center"><div class="flex"><h2 class="font-bold text-[14px] md:text-[16px] text-blue-600 pb-0">Bryan Metzger,Jessica Orwig </h2></div><div class="flex items-center"><span class="mr-1"><svg xmlns="http://www.w3.org/2000/svg" width="6" height="6" viewBox="0 0 6 6" fill="none"><rect width="6" height="6" rx="3" fill="#8CA8AC"></rect></svg></span><span class="text-[#6D787A] text-[12px]"></span></div></div></div><div><div class="flex flex-row justify-end"><button aria-label="topstoryShareBtn" id="topstoryshareBtn" type="button"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 13" fill="none"><path d="M0.237549 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border-[1px] border-[#E8E9EA] rounded-lg"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="Business Insider Latest Story Image" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115387467%2Cwidth-640%2Cresizemode-4%2Cimgsize-1755162%2Ftrump-musk-and-new-cabinet-picks-celebrate-election-victory-with-surprise-appearance-at-ufc.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115387467%2Cwidth-640%2Cresizemode-4%2Cimgsize-1755162%2Ftrump-musk-and-new-cabinet-picks-celebrate-election-victory-with-surprise-appearance-at-ufc.jpg&w=750&q=75 750w, 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style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div></a></div><div><a title="Trump, Musk, and new cabinet picks celebrate election victory with surprise appearance at UFC" rel="noopener" href="https://www.businessinsider.in/politics/world/news/trump-musk-and-new-cabinet-picks-celebrate-election-victory-with-surprise-appearance-at-ufc/articleshow/115387467.cms" target="_self" class="listing_title"><h3 class="md:text-xl text-base font-bold text-black mb-3">Trump, Musk, and new cabinet picks celebrate election victory with surprise appearance at UFC</h3></a><div class="md:text-base text-sm font-normal text-[#6D787A] mb-2">Trump was greeted by thunderous applause as he arrived at the venue flanked by a beaming Dana White.</div></div></div><div class="flex justify-between items-center mt-3"><div><div class="flex flex-row justify-start items-center"><div class="flex"><h3 class="font-bold md:text-[0.875rem] text-xs text-blue-600 pb-0">Mikhaila Friel </h3></div><div class="flex items-center"><span class="mx-1"><svg xmlns="http://www.w3.org/2000/svg" width="6" height="6" viewBox="0 0 6 6" fill="none"><rect width="6" height="6" rx="3" fill="#8CA8AC"></rect></svg></span><span class="text-[#6D787A] text-[12px]"></span></div></div></div><div><div class="flex flex-row justify-end"><button aria-label="articleshowShareBtn" type="button"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 13" fill="none"><path d="M0.237549 11.3116C0.237549 11.6222 0.489389 11.8741 0.800049 11.8741C1.11071 11.8741 1.36255 11.6222 1.36255 11.3116H0.237549ZM1.36255 11.3116V6.33379H0.237549V11.3116H1.36255ZM3.28894 4.4074H7.64449V3.2824H3.28894V4.4074ZM1.36255 6.33379C1.36255 5.26987 2.22502 4.4074 3.28894 4.4074V3.2824C1.6037 3.2824 0.237549 4.64855 0.237549 6.33379H1.36255Z" fill="#6D787A"></path><path 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href="https://www.businessinsider.in/politics/world/news/if-the-mar-a-lago-documents-case-is-dismissed-trump-could-get-everything-back-and-keep-it-with-immunity/articleshow/115385560.cms" target="_self" class="listing_title"><h3 class="md:text-xl text-base font-bold text-black mb-3">If the Mar-a-Lago documents case is dismissed, Trump could get everything back — and keep it with immunity</h3></a><div class="md:text-base text-sm font-normal text-[#6D787A] mb-2">Trump will soon control the National Archives and DOJ — the same two agencies that once tried to pr…</div></div></div><div class="flex justify-between items-center mt-3"><div><div class="flex flex-row justify-start items-center"><div class="flex"><h3 class="font-bold md:text-[0.875rem] text-xs text-blue-600 pb-0">Laura Italiano </h3></div><div class="flex items-center"><span class="mx-1"><svg xmlns="http://www.w3.org/2000/svg" width="6" height="6" viewBox="0 0 6 6" fill="none"><rect width="6" height="6" rx="3" fill="#8CA8AC"></rect></svg></span><span class="text-[#6D787A] text-[12px]"></span></div></div></div><div><div class="flex flex-row justify-end"><button aria-label="articleshowShareBtn" type="button"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 13" fill="none"><path d="M0.237549 11.3116C0.237549 11.6222 0.489389 11.8741 0.800049 11.8741C1.11071 11.8741 1.36255 11.6222 1.36255 11.3116H0.237549ZM1.36255 11.3116V6.33379H0.237549V11.3116H1.36255ZM3.28894 4.4074H7.64449V3.2824H3.28894V4.4074ZM1.36255 6.33379C1.36255 5.26987 2.22502 4.4074 3.28894 4.4074V3.2824C1.6037 3.2824 0.237549 4.64855 0.237549 6.33379H1.36255Z" fill="#6D787A"></path><path d="M7.64453 6.69828V1.46442C7.64453 0.932823 8.26807 0.646036 8.67169 0.991995L11.4899 3.40762C11.7651 3.6435 11.7813 4.06374 11.525 4.32003L8.70673 7.13826C8.31475 7.53024 7.64453 7.25262 7.64453 6.69828Z" fill="#6D787A"></path></svg></button></div></div></div></div><hr class="h-[1.5px] my-6 bg-[#E8E9EA] border-0"/></div><div class="7"><div class="grid"><div><div class="float-right pl-3 w-2/5 md:w-auto relative"><a title="Elon Musk downsized Big Tech. 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src="/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115369499%2Cwidth-640%2Cresizemode-4%2Cimgsize-35684%2Felon-musk-throws-his-weight-behind-howard-lutnick-over-scott-bessent-for-treasury-secretary.jpg&w=3840&q=75" decoding="async" data-nimg="fill" class="object-cover object-top rounded-lg transition duration-500 group-hover:rounded-xl" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div></a></div><div><a title="Elon Musk throws his weight behind Howard Lutnick over Scott Bessent for treasury secretary" rel="noopener" href="https://www.businessinsider.in/politics/world/news/elon-musk-throws-his-weight-behind-howard-lutnick-over-scott-bessent-for-treasury-secretary/articleshow/115369499.cms" target="_self" class="listing_title"><h3 class="md:text-xl text-base font-bold text-black mb-3">Elon Musk throws 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srcSet="/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115351155%2Cwidth-640%2Cresizemode-4%2Cimgsize-1152778%2Fbehind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115351155%2Cwidth-640%2Cresizemode-4%2Cimgsize-1152778%2Fbehind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115351155%2Cwidth-640%2Cresizemode-4%2Cimgsize-1152778%2Fbehind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115351155%2Cwidth-640%2Cresizemode-4%2Cimgsize-1152778%2Fbehind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it.jpg&w=1080&q=75 1080w, 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src="/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115351155%2Cwidth-640%2Cresizemode-4%2Cimgsize-1152778%2Fbehind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it.jpg&w=3840&q=75" decoding="async" data-nimg="fill" class="object-cover object-top rounded-lg transition duration-500 group-hover:rounded-xl" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div></a></div><div><a title="Behind The Onion's bid for Alex Jones's Infowars — which is now on hold as a judge reviews it" rel="noopener" href="https://www.businessinsider.in/politics/world/news/behind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it/articleshow/115351155.cms" target="_self" class="listing_title"><h3 class="md:text-xl text-base font-bold text-black mb-3">Behind The Onion's bid for Alex Jones's Infowars — which is now on hold as a judge reviews it</h3></a><div class="md:text-base text-sm font-normal text-[#6D787A] mb-2">The Onion's bid for Alex Jones's Infowars came together with help from Sandy Hook families. It's pa…</div></div></div><div class="flex justify-between items-center mt-3"><div><div class="flex flex-row justify-start items-center"><div class="flex"><h3 class="font-bold md:text-[0.875rem] text-xs text-blue-600 pb-0">Geoff Weiss </h3></div><div class="flex items-center"><span class="mx-1"><svg xmlns="http://www.w3.org/2000/svg" width="6" height="6" viewBox="0 0 6 6" fill="none"><rect width="6" height="6" rx="3" fill="#8CA8AC"></rect></svg></span><span class="text-[#6D787A] text-[12px]"></span></div></div></div><div><div class="flex flex-row justify-end"><button aria-label="articleshowShareBtn" type="button"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 13" fill="none"><path d="M0.237549 11.3116C0.237549 11.6222 0.489389 11.8741 0.800049 11.8741C1.11071 11.8741 1.36255 11.6222 1.36255 11.3116H0.237549ZM1.36255 11.3116V6.33379H0.237549V11.3116H1.36255ZM3.28894 4.4074H7.64449V3.2824H3.28894V4.4074ZM1.36255 6.33379C1.36255 5.26987 2.22502 4.4074 3.28894 4.4074V3.2824C1.6037 3.2824 0.237549 4.64855 0.237549 6.33379H1.36255Z" fill="#6D787A"></path><path d="M7.64453 6.69828V1.46442C7.64453 0.932823 8.26807 0.646036 8.67169 0.991995L11.4899 3.40762C11.7651 3.6435 11.7813 4.06374 11.525 4.32003L8.70673 7.13826C8.31475 7.53024 7.64453 7.25262 7.64453 6.69828Z" fill="#6D787A"></path></svg></button></div></div></div></div><hr class="h-[1.5px] my-6 bg-[#E8E9EA] border-0"/></div><div class="16"><div class="grid"><div><div class="float-right pl-3 w-2/5 md:w-auto relative"><a title="Elon Musk's DOGE is looking for people to help cut government spending. 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But is he offering a real job? And is it paid?" rel="noopener" href="https://www.businessinsider.in/politics/world/news/elon-musks-doge-is-looking-for-people-to-help-cut-government-spending-but-is-he-offering-a-real-job-and-is-it-paid/articleshow/115347593.cms" target="_self" class="listing_title"><h3 class="md:text-xl text-base font-bold text-black mb-3">Elon Musk's DOGE is looking for people to help cut government spending. But is he offering a real job? And is it paid?</h3></a><div class="md:text-base text-sm font-normal text-[#6D787A] mb-2">Elon Musk's Department of Government Efficiency is looking for people to join — but it's not clear …</div></div></div><div class="flex justify-between items-center mt-3"><div><div class="flex flex-row justify-start items-center"><div class="flex"><h3 class="font-bold md:text-[0.875rem] text-xs text-blue-600 pb-0">Grace Eliza Goodwin </h3></div><div class="flex items-center"><span class="mx-1"><svg xmlns="http://www.w3.org/2000/svg" width="6" height="6" viewBox="0 0 6 6" fill="none"><rect width="6" height="6" rx="3" fill="#8CA8AC"></rect></svg></span><span class="text-[#6D787A] text-[12px]"></span></div></div></div><div><div class="flex flex-row justify-end"><button aria-label="articleshowShareBtn" type="button"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 13" fill="none"><path d="M0.237549 11.3116C0.237549 11.6222 0.489389 11.8741 0.800049 11.8741C1.11071 11.8741 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class="listing_image"><div class="md:w-[12rem] md:h-36 sm:w-full h-24 relative border-[1px] border-[#E8E9EA] rounded-lg"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="Business Insider Latest Story Image" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115344563%2Cwidth-640%2Cresizemode-4%2Cimgsize-380768%2Fwhy-elon-musks-push-to-cut-federal-waste-might-succeed-where-others-failed.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-115344563%2Cwidth-640%2Cresizemode-4%2Cimgsize-380768%2Fwhy-elon-musks-push-to-cut-federal-waste-might-succeed-where-others-failed.jpg&w=750&q=75 750w, 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style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div></a></div><div><a title="Why Elon Musk's push to cut federal waste might succeed where others failed" rel="noopener" href="https://www.businessinsider.in/politics/world/news/why-elon-musks-push-to-cut-federal-waste-might-succeed-where-others-failed/articleshow/115344563.cms" target="_self" class="listing_title"><h3 class="md:text-xl text-base font-bold text-black mb-3">Why Elon Musk's push to cut federal waste might succeed where others failed</h3></a><div class="md:text-base text-sm font-normal text-[#6D787A] mb-2">There's a chance the Department of Government Efficiency's plans could lead to the deepest cuts to …</div></div></div><div class="flex justify-between items-center mt-3"><div><div class="flex flex-row justify-start items-center"><div class="flex"><h3 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id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"topStoryData":[{"title":"Trump's new FCC pick is a win for Elon Musk","msid":115428323,"readingTime":3,"authorDetail":[{"author_name":"Bryan Metzger,Jessica Orwig","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eTrump has nominated Brendan Carr to serve as the chair of the Federal Communications Commission.\u003c/li\u003e\u003cli\u003eCarr is an ally of Elon Musk and has previously gone to bat for his company, Starlink.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003ePresident-elect Donald Trump's \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/brendan-carr-fcc-chair-nomination-big-tech-project-2025-2024-11\"\u003enomination of Brendan Carr\u003c/a\u003e to chair the Federal Communications Commission (FCC) isn't just a win for conservative opponents of Big Tech.\u003c/p\u003e\u003cp\u003eIt's also a major win for the world's richest man, \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk\"\u003eElon Musk\u003c/a\u003e, who's already been appointed to \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-doge-hiring-staff-how-to-apply-2024-11\"\u003elead a \"Department of Government Efficiency\"\u003c/a\u003e and is flexing his considerable influence with the incoming administration.\u003c/p\u003e\u003cp\u003eCarr, a Republican who first landed on the commission in 2017 after being nominated by Trump and confirmed by a GOP-led Senate, has emerged in recent years as a vocal defender of Musk and his companies.\u003c/p\u003e\u003cp\u003eAfter Trump announced the nomination on Sunday, Carr \u003ca target=\"_blank\" href=\"https://x.com/elonmusk/status/1858330799684096362\"\u003ewrote on X\u003c/a\u003e that we \"must dismantle the censorship cartel and restore free speech rights for everyday Americans.\"\u003c/p\u003e\u003cp\u003e\"Based,\" Musk replied.\u003c/p\u003e\u003cp\u003eCarr has also \u003ca target=\"_blank\" href=\"https://www.foxbusiness.com/technology/elon-musk-saved-twitter-from-democratic-danger-fcc-commissioner\"\u003epraised\u003c/a\u003e Musk's purchase of Twitter (now X), and when the platform was \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-brazil-x-ban-feud-content-moderation-free-speech-2024-9\"\u003ebanned in Brazil\u003c/a\u003e amid a dispute over content moderation, Carr \u003ca target=\"_blank\" href=\"https://x.com/BrendanCarrFCC/status/1831777881296662802\"\u003esent a letter\u003c/a\u003e to regulators in the South American country excoriating them for carrying out a \"cascading set of apparently unlawful and partisan political actions.\"\u003c/p\u003e\u003cp\u003eBut it's not just that Carr is a fan of Musk, and vice versa. As FCC chairman, Carr would be one of the federal government's top regulators — one whose decisions would have significant implications for Musk's bottom line, especially when it comes to his space technology company, SpaceX.\u003c/p\u003e\u003cp\u003eIn 2022, the FCC \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-starlink-subsidy-bid-rejected-fcc-2022-8\"\u003edenied\u003c/a\u003e SpaceX nearly $886 million in government subsidies to provide satellite internet access in rural areas via the company's Starlink service. The panel argued that Starlink, along with another internet service provider that was denied the funds, had \"failed to demonstrate\" that they \"could deliver the promised service.\" That's despite Starlink gaining preliminary approval in 2020, during Trump's first term.\u003c/p\u003e\u003cp\u003eCarr \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/fcc-commissioner-brendan-carr-elon-musk-spacex-starlink-rejected-subsidy-2022-8\"\u003eblasted\u003c/a\u003e the commission's rejection at the time, saying it was \"without a lawful basis.\"\u003c/p\u003e\u003cp\u003eNow, Carr will be in a position to give a boost to satellite internet providers like Starlink. In October, he \u003ca target=\"_blank\" class=\"\" href=\"https://www.politico.com/news/2024/10/18/elon-musk-brendan-carr-fcc-starlink-00184260\"\u003etold POLITICO\u003c/a\u003e that regulators \"should not be putting brakes or harassing any US-based satellite company\" and that they should back them up instead.\u003c/p\u003e\u003cp\u003eWhile the $886 million in government subsidies SpaceX applied for in 2022 is likely lost, Biden's $42.45 billion broadband expansion program is still on the table.\u003c/p\u003e\u003cp\u003eThe broadband expansion program prioritizes earthbound projects that lay fiber-optic cables to offer high-speed internet to underserved areas in the US. It's unclear where space-based initiatives like Starlink fit into the picture.\u003c/p\u003e\u003cp\u003eTrump's upcoming administration may have the opportunity to steer the program in a new direction that favors satellite projects more. And with Carr's recent nomination, the prospect of a Starlink scale-up looks increasingly promising.\u003c/p\u003e\u003cp\u003eThat said, Starlink only came onto the satellite scene in 2018. It's still proving itself as a viable internet service provider and is relatively expensive for the quality, \u003ca target=\"_blank\" class=\"\" href=\"https://www.cnn.com/cnn-underscored/home/starlink-internet-review\"\u003eCNN\u003c/a\u003e reported in August.\u003c/p\u003e\u003cp\u003e\"We have no proof of concept that shows that [Starlink] could serve millions of Americans or more, on a widespread basis, on a simultaneous basis,\" said Michael Romano, the executive vice president of rural telecom trade group NTCA told POLITICO in October.\u003c/p\u003e\u003cp\u003eCarr's nomination will have to be confirmed by the Senate. But he stands a good chance, given that he's been easily confirmed three times before, including as recently as 2023.\u003c/p\u003e\u003cp\u003eNeither a spokesperson for SpaceX nor Carr responded to a request for comment.\u003c/p\u003e","synopsis":"Brendan Carr, a Republican who Trump first put on the commission in 2017, has emerged in recent years as a vocal defender of Musk and his companies.","updatedTime":1731964474771,"insertedTime":1731955108000,"img_Path":"/thumb/msid-115428323,width-640,resizemode-4,imgsize-110864/trumps-new-fcc-pick-is-a-win-for-elon-musk.jpg","url":"politics/world/news/trumps-new-fcc-pick-is-a-win-for-elon-musk/articleshow/115428323.cms","slug":"politics/world/news/trumps-new-fcc-pick-is-a-win-for-elon-musk","category":"Politics","article_type":"international"},{"title":"Trump's Treasury Secretary: The best commentary about who the president-elect should nominate","msid":115427340,"readingTime":5,"authorDetail":[{"author_name":"Chris Johnston","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eDonald Trump is yet to announce his pick for Treasury Secretary.\u003c/li\u003e\u003cli\u003eNames in the frame include Scott Bessent, Howard Lutnick, Marc Rowan, and Kevin Warsh.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eAfter announcing a swathe of names for his Cabinet, president-elect Donald Trump appears to be conducting auditions for his \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-trump-lutnick-treasury-secretary-bessent-2024-11\"\u003eTreasury Secretary\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eFigures in the frame include \u003cstrong\u003eScott Bessent\u003c/strong\u003e, the founder of Key Square Capital Management; \u003cstrong\u003eHoward Lutnick\u003c/strong\u003e, the CEO of Cantor Fitzgerald\u003cstrong\u003e;\u003c/strong\u003e \u003cstrong\u003eMarc Rowan\u003c/strong\u003e, the Apollo Global Management cofounder; and \u003cstrong\u003eKevin Warsh\u003c/strong\u003e, a former governor of the Federal Reserve Board.\u003c/p\u003e\u003cp\u003eHere's some of the best commentary we've seen about the race to be the next Treasury Secretary.\u003c/p\u003e\u003ch2 id=\"ae4b6c87-26a6-4e33-8ebf-b45e9babbffa\"\u003eThe New York Times DealBook newsletter\u003c/h2\u003e\u003ch2 id=\"3d1cf5aa-5b7d-4e4d-96ee-6793db22c7d5\"\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://x.com/Jkylebass/status/1857794067251298541\"\u003eKyle Bass\u003c/a\u003e, chief investment officer of Hayman Capital Management, on X\u003c/h2\u003e\u003ch2 id=\"d9877d8e-25ac-4ef8-8713-1b59b57c9fb3\"\u003eThe Wall Street Journal Editorial Board — \u003ca target=\"_blank\" class=\"\" href=\"https://www.wsj.com/opinion/disruption-wont-work-at-treasury-trump-nomination-musk-63c5b8f9\"\u003e\u003cstrong\u003e'Disruption Won't Work at Treasury'\u003c/strong\u003e\u003c/a\u003e\u003c/h2\u003e\u003ch2 id=\"8b031c32-dd8c-499c-947e-7025201d570d\"\u003eMike Allen, Axios cofounder, on \u003ca target=\"_blank\" class=\"\" href=\"https://www.cnbc.com/video/2024/11/18/new-treasury-secretarys-number-one-job-will-be-reassuring-the-markets-says-axios-mike-allen.html\"\u003eCNBC\u003c/a\u003e\u003c/h2\u003e\u003ch2 id=\"e06aa875-8c1b-4294-b272-8d54a101d0be\"\u003eIan Bremmer, Eurasia Group founder, told BI:\u003c/h2\u003e\u003ch2 id=\"5ae024d8-3102-40b1-a230-50772299c96d\"\u003eThe Economist — \u003ca target=\"_blank\" class=\"\" href=\"https://www.economist.com/united-states/2024/11/16/howard-lutnick-donald-trumps-resilient-transition-chief\"\u003e\u003cstrong\u003e'Howard Lutnick, Donald Trump's resilient transition chief'\u003c/strong\u003e\u003c/a\u003e\u003c/h2\u003e\u003ch2 id=\"562ada01-796e-4318-925e-7743f2c8fa55\"\u003eBloomberg Editorial Board — \u003ca target=\"_blank\" class=\"\" href=\"https://www.bloomberg.com/opinion/articles/2024-11-14/donald-trump-s-nominees-suggest-familiar-chaos?srnd=opinion\"\u003e\u003cstrong\u003e'Trump's Nominees Suggest Familiar Chaos'\u003c/strong\u003e\u003c/a\u003e\u003c/h2\u003e\u003ch2 id=\"4ba2f401-897a-4adc-8768-3322644452e9\"\u003e\u003ca target=\"_blank\" class=\"css-175oi2r r-1wbh5a2 r-dnmrzs r-1ny4l3l r-1loqt21\" href=\"https://x.com/JStein_WaPo\"\u003e\u003cstrong\u003e\u003cu\u003eJeff Stein,\u003c/u\u003e\u003c/strong\u003e\u003c/a\u003e The Washington Post economics reporter, on X\u003c/h2\u003e","synopsis":"Scott Bessent, Howard Lutnick, Marc Rowan and Kevin Warsh are in the running for Treasury Secretary. Here is some of the best analysis of who Trump might pick.","updatedTime":1731957524627,"insertedTime":1731950260000,"img_Path":"/thumb/msid-115427340,width-640,resizemode-4,imgsize-485218/trumps-treasury-secretary-the-best-commentary-about-who-the-president-elect-should-nominate.jpg","url":"politics/world/news/trumps-treasury-secretary-the-best-commentary-about-who-the-president-elect-should-nominate/articleshow/115427340.cms","slug":"politics/world/news/trumps-treasury-secretary-the-best-commentary-about-who-the-president-elect-should-nominate","category":"Politics","article_type":"international"},{"title":"DOGE wants to 'delete' entire federal agencies, Vivek Ramaswamy says","msid":115419957,"readingTime":2,"authorDetail":[{"author_name":"Joshua Nelken-Zitser","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eVivek Ramaswamy, cohead of DOGE, said he expects to recommend the wholesale closure of some agencies.\u003c/li\u003e\u003cli\u003eRamaswamy and Elon Musk have been empowered by Trump to recommend big cuts to the state.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/vivek-ramaswamy-antiwoke-entrepreneur-challenging-trump-for-president-gop-2023-2\"\u003eVivek Ramaswamy\u003c/a\u003e said to expect the abolishment of entire federal agencies as part of a sweeping restructure envisioned by DOGE.\u003c/p\u003e\u003cp\u003eRamaswamy was last week named joint leader of the \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-doge-hiring-staff-how-to-apply-2024-11\"\u003eDepartment of Government Efficiency\u003c/a\u003e by President-elect Donald Trump. Its other leader is \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11\"\u003eElon Musk\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eOn Sunday morning, \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/VivekGRamaswamy/status/1858173839059898611\"\u003eRamaswamy appeared on Fox News\u003c/a\u003e and was asked about DOGE's plans for the future of federal agencies.\u003c/p\u003e\u003cp\u003eHe gave few specifics but was bullish on the scope of change to come.\u003c/p\u003e \u003cp\u003eHe said to expect \"certain agencies to be deleted outright,\" reductions in head count for \"bloated\" areas of government, and \"massive\" cuts to federal contracting.\u003c/p\u003e\u003cp\u003eOn the campaign trail, Trump pledged to abolish the \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/category/education-department\"\u003eDepartment of Education,\u003c/a\u003e describing the agency as a means to \"indoctrinate America's youth.\"\u003c/p\u003e\u003cp\u003eMaria Bartiromo, the Fox host interviewing Ramaswamy, mentioned the Department of Education as a possible cut, but Ramaswamy instead answered in general terms.\u003c/p\u003e\u003cp\u003eThough Ramaswamy spoke in sweeping terms of cuts to come, enacting them may be harder. DOGE is not a formal government department, and can only make recommendations.\u003c/p\u003e\u003cp\u003eIt would be up to Trump and his Republican allies in Congress to try to enact them.\u003c/p\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/why-elon-musk-cutting-federal-spending-could-work-2024-11\"\u003eBusiness Insider's Jack Newsham reported\u003c/a\u003e last week that, with Republicans in control of both chambers, DOGE may have some success in cutting government spending and red tape.\u003c/p\u003e\u003cp\u003eEliminating federal agencies could be a hard ask though. They are generally created by Congress and could require difficult votes to abolish.\u003c/p\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/republicans-win-senate-election-majority-election-2024-11\"\u003eRepublicans have a majority in the Senate,\u003c/a\u003e but too few seats for a 60-vote supermajority. GOP control of the House also rests on a thin majority.\u003c/p\u003e\u003cp\u003eRamaswamy, in his own presidential bid, \u003ca target=\"_blank\" class=\"\" href=\"https://www.nbcnews.com/meet-the-press/meetthepressblog/vivek-ramaswamy-lays-plans-eliminate-federal-agencies-fbi-rcna95409\"\u003eadvocated for the elimination of the Nuclear Regulatory Commission and the FBI.\u003c/a\u003e\u003c/p\u003e\u003cp\u003eIn his plans, Ramaswamy cited obscure laws that could empower a president to make large cuts, such as the 1977 Reorganization Act that mandates a presidential review of the size of government.\u003c/p\u003e","synopsis":"Vivek Ramaswamy, cohead of the Department of Government Efficiency alongside Elon Musk, said it plans to delete federal agencies.","updatedTime":1731935352000,"insertedTime":1731929063000,"img_Path":"/thumb/msid-115419957,width-640,resizemode-4,imgsize-443146/doge-wants-to-delete-entire-federal-agencies-vivek-ramaswamy-says.jpg","url":"politics/world/news/doge-wants-to-delete-entire-federal-agencies-vivek-ramaswamy-says/articleshow/115419957.cms","slug":"politics/world/news/doge-wants-to-delete-entire-federal-agencies-vivek-ramaswamy-says","category":"Politics","article_type":"international"},{"title":"Trump picked a Project 2025 coauthor to run the FCC. Here's what it means for Big Tech.","msid":115418152,"readingTime":3,"authorDetail":[{"author_name":"Matthew Loh","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003ePresident-elect Donald Trump nominated Brendan Carr as the chairman of the Federal Communications Commission.\u003c/li\u003e\u003cli\u003eCarr has been working for the FCC since 2012.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eOn Sunday, President-elect Donald Trump announced his nomination for the chairman of the Federal Communications Commission, or FCC: Brendan Carr.\u003c/p\u003e\u003cp\u003eCarr, who has worked at the FCC since 2012, is the senior Republican on the commission. He is also the author of the FCC chapter of \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/what-is-project-2025-conservative-political-playbook-heritage-foundation-trump-2024-7\"\u003eProject 2025\u003c/a\u003e, the conservative playbook that's raised questions among Democrats and Republicans alike for pushing policies like eliminating the Department of Education.\u003c/p\u003e\u003cp\u003eIn a Truth Social post announcing the nomination, Trump wrote that Carr is a \"warrior for Free Speech.\"\u003c/p\u003e\u003cp\u003e\"He will end the regulatory onslaught that has been crippling America's Job Creators and Innovators, and ensure that the FCC delivers for rural America,\" Trump added.\u003c/p\u003e\u003cp\u003eCarr thanked Trump for the nomination, writing on X that he is \"humbled and honored to serve as Chairman of the FCC.\"\u003c/p\u003e\u003cp\u003eThe role requires Senate approval. If Carr does become the chairman of the FCC, the appointment stands to have serious impacts on Big Tech.\u003c/p\u003e\u003ch2 id=\"74fa1360-14f5-4659-b046-4dcdf8b4702e\"\u003eCarr's stance on Big Tech\u003c/h2\u003e\u003cp id=\"74fa1360-14f5-4659-b046-4dcdf8b4702e\"\u003eIn his Project 2025 chapter, Carr writes that one of his four main goals for the FCC is \"Reining in Big Tech.\"\u003c/p\u003e\u003cp\u003e\"The FCC has an important role to play in addressing the threats to individual liberty posed by corporations that are abusing dominant positions in the market. Nowhere is that clearer than when it comes to Big Tech and its attempts to drive diverse political viewpoints from the digital town square,\" he wrote.\u003c/p\u003e\u003cp\u003e\"It is hard to imagine another industry in which a greater gap exists between power and accountability,\" he added.\u003c/p\u003e\u003cp\u003eCarr outlined several steps for the FCC to take, including publicizing a new stance on the law's approach to Section 230, a part of the Communications Act of 1934.\u003c/p\u003e\u003cp\u003eSection 230 states that online service providers aren't legally treated as publishers of their users' posts and can't be held liable for any actions taken \"in good faith\" to moderate or censor inappropriate content.\u003c/p\u003e\u003cp\u003eCarr said the FCC should push for limitations to those rules, which he said have been abused to give Big Tech corporations immunity on censorship. His interpretation of the section would give Big Tech immunity only against being compelled to take down content.\u003c/p\u003e\u003cp\u003eUltimately, Carr wants to revamp Section 230 as a whole, in favor of a set of antidiscrimination rules that prevent companies from censoring posts, with exceptions for illegal content like child sex abuse images.\u003c/p\u003e\u003cp\u003eIn place, consumers should be allowed to choose their own fact-checkers and filters, Carr said.\u003c/p\u003e\u003cp\u003eHe proposed that Big Tech firms be compelled to make public their traffic and monetization algorithms, saying they now operate in a \"black box.\"\u003c/p\u003e\u003cp\u003eCarr also wants Big Tech firms to start contributing to the Universal Service Fund, a billion-dollar program run by the FCC that helps underprivileged communities get access to telecommunications services.\u003c/p\u003e\u003ch2 id=\"26cff9fc-99ef-4eaf-859b-12158e20d10d\"\u003eCarr wants a stronger push away from China — and TikTok\u003c/h2\u003e\u003cp id=\"26cff9fc-99ef-4eaf-859b-12158e20d10d\"\u003eAnother of Carr's main points in his Project 2025 chapter is to further decouple the US tech industry from China's.\u003c/p\u003e\u003cp id=\"26cff9fc-99ef-4eaf-859b-12158e20d10d\"\u003eRaising concerns about US national security, Carr called for a ban on TikTok, saying it gives China an opportunity to influence how millions of Americans get their news and information.\u003c/p\u003e\u003cp id=\"26cff9fc-99ef-4eaf-859b-12158e20d10d\"\u003eHe also called for the US to expand its Covered List, which tracks foreign tech companies deemed a risk to national security, and to prevent American firms from providing cloud computing services to China.\u003c/p\u003e\u003cp id=\"26cff9fc-99ef-4eaf-859b-12158e20d10d\"\u003eCarr also wants the US to publish a list of FCC-approved organizations with at least 10% ownership from \"foreign adversarial governments\" like China, Russia, and Iran.\u003c/p\u003e\u003cp id=\"26cff9fc-99ef-4eaf-859b-12158e20d10d\"\u003eTo smoothen the push away from China, Carr suggested the US contribute another $3 billion in federal funding to help companies that use Chinese tech find and integrate alternatives.\u003c/p\u003e\u003cp id=\"26cff9fc-99ef-4eaf-859b-12158e20d10d\"\u003eCarr's two other points in his Project 2025 chapter are to increase accountability measures for federal tech programs and to drive hard to develop 5G infrastructure.\u003c/p\u003e","synopsis":"Carr authored a chapter of Project 2025 that advocates for \"reining in Big Tech,\" accusing it of pushing out certain political views.","updatedTime":1731931426758,"insertedTime":1731925382000,"img_Path":"/thumb/msid-115418152,width-640,resizemode-4,imgsize-91588/trump-picked-a-project-2025-coauthor-to-run-the-fcc-heres-what-it-means-for-big-tech-.jpg","url":"politics/world/news/trump-picked-a-project-2025-coauthor-to-run-the-fcc-heres-what-it-means-for-big-tech-/articleshow/115418152.cms","slug":"politics/world/news/trump-picked-a-project-2025-coauthor-to-run-the-fcc-heres-what-it-means-for-big-tech-","category":"Politics","article_type":"international"},{"title":"China's Xi sets boundaries for Trump with 4 'red lines'","msid":115412228,"readingTime":2,"authorDetail":[{"author_name":"Huileng Tan","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eChinese leader Xi Jinping has outlined his \"four red lines\" to US President Joe Biden.\u003c/li\u003e\u003cli\u003eThe hot-button issues concern democracy and China's development.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eIt will be another two months before US President-elect Donald Trump takes office, but China is already setting boundaries between the two countries.\u003c/p\u003e\u003cp\u003eOn Saturday, Chinese leader Xi Jinping outlined his \"four red lines\" in US-China ties at a meeting with US President Joe Biden.\u003c/p\u003e\u003cp\u003eThe four hot-button issues are Taiwan, democracy and human rights, China's path and system, and the country's rights to development.\u003c/p\u003e\u003cp\u003e\"They must not be challenged,\" said Xi, according to a \u003ca target=\"_blank\" class=\"\" href=\"https://www.fmprc.gov.cn/mfa_eng/xw/zyxw/202411/t20241117_11527672.html\"\u003estatement\u003c/a\u003e after the two leaders' meeting on the sidelines of the 31st APEC Economic Leaders' Meeting in Lima, Peru.\u003c/p\u003e\u003cp\u003e\"These are the most important guardrails and safety nets for China-US relations,\" said Xi.\u003c/p\u003e\u003cp\u003eOf the four issues, Taiwan is the most sensitive issue between the two countries, as Xi has repeatedly said \u003ca target=\"_blank\" class=\"\" href=\"https://www.reuters.com/article/us-trump-asia-china-taiwan/taiwan-the-most-important-issue-in-sino-u-s-ties-chinas-xi-tells-trump-idUSKBN1D90YI/\"\u003eover the years.\u003c/a\u003e\u003c/p\u003e\u003cp\u003eBeijing claims Taiwan as its territory and has said recently that it will never commit to renouncing the use of force over the island. The area is strategically important to the US as the world's semiconductor chip-producing hub and a key security hub.\u003c/p\u003e\u003cp\u003eBut Trump's presidency is already raising \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/what-second-trump-term-could-mean-for-taiwan-2024-11\"\u003erisks for Taiwan.\u003c/a\u003e\u003c/p\u003e\u003cp\u003eIn June, Trump told\u003ca target=\"_blank\" rel=\" nofollow\" class=\"\" href=\"https://www.bloomberg.com/features/2024-trump-interview-transcript/\"\u003e\u003cu\u003e Bloomberg Businessweek\u003c/u\u003e\u003c/a\u003e that Taiwan should pay the US for defense.\u003c/p\u003e\u003ch2 id=\"a340296e-7545-4970-8338-15f7aaef55dc\"\u003eTrump could start his trade war on his first day\u003c/h2\u003e\u003cp\u003eXi's comments came amid concerns that the world's two largest economies are set to head into conflict after Trump takes office on January 20.\u003c/p\u003e\u003cp\u003eThe incoming American president has already \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11#marco-rubio-4\"\u003enominated\u003c/a\u003e Florida Sen. Marco Rubio, a China hawk, as Secretary of State. Trump has also threatened to hit China with tariffs of 60%.\u003c/p\u003e\u003cp\u003eDespite signs that the two superpowers could be headed for rockier times, Xi and Biden sought to strike a conciliatory tone on bilateral ties during their Saturday meeting.\u003c/p\u003e\u003cp\u003eThe two leaders \"stressed the importance of responsibly managing competitive aspects of the relationship\" as well as preventing conflict and maintaining open lines of communication, according to a White House readout of the meeting.\u003c/p\u003e\u003cp\u003eEven so, Trump's impending presidency is likely to bring about fresh uncertainties, starting with trade.\u003c/p\u003e\u003cp\u003e\"Trump means what he says when it comes to tariffs,\" wrote Josh Lipsky, the senior director at the \u003ca target=\"_blank\" class=\"\" href=\"https://www.atlanticcouncil.org/blogs/new-atlanticist/the-trump-trade-wars-are-coming-back-heres-what-to-expect-this-time/\"\u003eAtlantic Council's\u003c/a\u003e GeoEconomics Center, in a note last week.\u003c/p\u003e\u003cp\u003eLipsky expects Trump to start his new trade war during his first day on the job by trying to revive the trade deal he signed with China in January 2020.\u003c/p\u003e\u003cp\u003eChina committed to purchasing $200 billion of American goods over two years, including $32 billion in agriculture products. The deal expired at the end of 2021 with the Chinese \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/charts-china-60-percent-trump-trade-deal-agriculture-services-energy-2021-12\"\u003enot meeting their commitment,\u003c/a\u003e said Sarah Bianchi, then the deputy US trade representative, in February 2022.\u003c/p\u003e\u003cp\u003eTrump is likely to try to revive the trade deal once he takes office as a \"useful starting point\" before the new tariffs come into effect, wrote the Atlantic Council's Lipsky.\u003c/p\u003e\u003cp\u003eLipsky said he doesn't expect Trump to impose 60% tariffs on Chinese imports to the US across the board. But he wrote that there will be \"real and tangible new tariffs,\" the effects of which will spill over to the global economy.\u003c/p\u003e","synopsis":"Two months ahead of Trump's second term, Xi and Biden met to discuss the countries' relationship.","updatedTime":1731922428905,"insertedTime":1731913774000,"img_Path":"/thumb/msid-115412228,width-640,resizemode-4,imgsize-444526/chinas-xi-sets-boundaries-for-trump-with-4-red-lines.jpg","url":"politics/world/news/chinas-xi-sets-boundaries-for-trump-with-4-red-lines/articleshow/115412228.cms","slug":"politics/world/news/chinas-xi-sets-boundaries-for-trump-with-4-red-lines","category":"Politics","article_type":"international"},{"title":"Meet the top 4 candidates Trump is considering for Secretary of the Treasury","msid":115410251,"readingTime":5,"authorDetail":[{"author_name":"Matthew Loh","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eLast week, Trump was said to be deciding between two leading candidates for Treasury Secretary.\u003c/li\u003e\u003cli\u003eReports say Trump has been having second thoughts and is expanding his search to four major prospects.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eTwo weeks after securing his return to the White House, president-elect Donald Trump has swiftly been forming his Cabinet for 2025.\u003c/p\u003e\u003cp\u003eTrump already announced six of the people he wants to lead the \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11#marco-rubio-4\"\u003e15 executive departments\u003c/a\u003e, including Robert F. Kennedy Jr. for the Department of Health and Human Services and Florida Sen. Marco Rubio for the State Department.\u003c/p\u003e\u003cp\u003eHe appears to be taking a slower pace as he chooses his nominated successor to Janet Yellen, the current Secretary of the Treasury.\u003c/p\u003e\u003cp\u003eThe new Treasury Secretary will likely have two immediate tasks: Helping the US avoid default when the national debt ceiling expires in January 2025 and \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/tax-cut-tariff-plan-outlook-presidential-election-scenarios-harris-trump-2024-10\"\u003eextending the 2017 Trump tax cut\u003c/a\u003e, which is worth trillions and is mostly set to expire next year.\u003c/p\u003e\u003cp\u003eThe president-elect was initially said to be considering just two candidates, but \u003ca target=\"_blank\" class=\"\" href=\"https://www.wsj.com/politics/elections/trump-broadens-hunt-for-top-treasury-job-after-jostling-became-messy-e20eb6b6\"\u003eThe Wall Street Journal\u003c/a\u003e and \u003ca target=\"_blank\" class=\"\" href=\"https://www.nytimes.com/2024/11/17/us/politics/trump-treasury-candidates.html\"\u003eNew York Times \u003c/a\u003ereported that he's been having second thoughts and expanded the list to four prospects.\u003c/p\u003e\u003cp\u003eWith Trump seemingly still unsure over his choice, it's also possible that another candidate may emerge.\u003c/p\u003e\u003cp\u003eHere are the top picks Trump is reportedly now considering for Secretary of the Treasury. A press contact for Trump's transition team did not respond to a request for comment from BI.\u003c/p\u003e\u003ch2 id=\"ac3f4426-a376-4840-ad0c-600691195aaa\"\u003eKevin Warsh\u003c/h2\u003e\u003cdiv type=\"image\" title=\"Kevin Warsh is dressed formally and sits as speaks at a panel with three other people.\" height=\"2558\" width=\"3837\" msid=\"115408301\" hostid=\"261\" sizebytes=\"1354142\"\u003e\u003c/div\u003e\u003cp\u003eWarsh, 54, is a former Morgan Stanley banker and one of the newer contenders.\u003c/p\u003e\u003cp\u003eHe was an economic advisor to President George W. Bush from 2002 to 2006 and a governor of the Federal Reserve Board from 2006 to 2011. During the latter period, Warsh was a central figure in shaping the nation's response to the 2007-2008 financial crisis, working to rescue major ailing banks.\u003c/p\u003e\u003cp\u003eMore recently, he's been working on Trump's transition team, helping with economic policy and personnel, according to The Journal.\u003c/p\u003e\u003cp\u003eWarsh appears to have been in the president-elect's good graces for several years. \u003ca target=\"_blank\" class=\"\" href=\"https://www.axios.com/2019/02/03/trump-compliments-powerful-men-handsome\"\u003eAxios reported\u003c/a\u003e that Trump praised Warsh as a \"really handsome guy\" when the two met in 2017 at the White House.\u003c/p\u003e\u003cp\u003eTrump had been \u003ca target=\"_blank\" class=\"\" href=\"https://www.cnbc.com/2017/10/03/kevin-warsh-would-take-a-hammer-to-the-fed-but-he-wouldnt-break-it.html\"\u003efloating Warsh\u003c/a\u003e that year as a frontrunner for Fed chair. He eventually picked Jerome Powell for the role.\u003c/p\u003e\u003cp\u003eWarsh is often seen as a financial hawk, \u003ca target=\"_blank\" class=\"\" href=\"https://www.cnbc.com/video/2024/10/24/former-fed-governor-kevin-warsh-the-fed-doesnt-seem-to-have-a-serious-theory-of-inflation.html\"\u003esaying in October\u003c/a\u003e that he believed the Fed \"doesn't seem to have a serious theory of inflation\" and \u003ca target=\"_blank\" class=\"\" href=\"https://www.wsj.com/articles/interest-rates-are-a-sideshow-in-the-fed-drama-economy-monetary-policy-central-bank-53bb6d9e\"\u003ewriting in July\u003c/a\u003e that it moved too slowly to curb surging prices.\u003c/p\u003e\u003cp\u003eIn his July commentary, he blamed inflation on \"irresponsible government spending and excessive money printing.\" Warsh has also been critical of America's burgeoning debt.\u003c/p\u003e\u003ch2 id=\"73ed19fc-c4d6-4b1c-af49-0c08335e71cb\"\u003eMarc Rowan\u003c/h2\u003e\u003cdiv type=\"image\" title=\"Marc Rowan speaks at a financial leaders' summit in Hong Kong.\" height=\"2100\" width=\"3150\" msid=\"115408297\" hostid=\"261\" sizebytes=\"210070\"\u003e\u003c/div\u003e\u003cp id=\"73ed19fc-c4d6-4b1c-af49-0c08335e71cb\"\u003eRowan, 62, is a billionaire investor who leads Apollo Global Management, which he cofounded in the 1990s. It now has nearly $700 billion in assets under management. Apollo recently announced that it plans to double its assets under management to $1.5 trillion by 2029.\u003c/p\u003e\u003cp id=\"73ed19fc-c4d6-4b1c-af49-0c08335e71cb\"\u003eThe Journal and the Times reported that Rowan, like Warsh, is one of Trump's new candidates.\u003c/p\u003e\u003cp id=\"73ed19fc-c4d6-4b1c-af49-0c08335e71cb\"\u003eThe Journal, citing people familiar with the matter, reported that while the billionaire's aides are in touch with Trump, Rowan isn't actively trying to secure the Treasury Secretary role and hasn't spoken to Trump personally about such a position.\u003c/p\u003e\u003cp id=\"73ed19fc-c4d6-4b1c-af49-0c08335e71cb\"\u003eBut the Times also wrote that Trump has been telling his staff that he's impressed with Rowan, who Bloomberg estimates to be \u003ca target=\"_blank\" class=\"\" href=\"https://www.bloomberg.com/billionaires/profiles/marc-j-rowan/\"\u003eworth $10.9 billion.\u003c/a\u003e \u003c/p\u003e\u003cp id=\"73ed19fc-c4d6-4b1c-af49-0c08335e71cb\"\u003eRowan has said that US economic concerns must be fixed by what he called \u003ca target=\"_blank\" class=\"\" href=\"https://finance.yahoo.com/news/apollo-ceo-marc-rowan-elon-musk-represents-wholesale-change-and-the-us-needs-it-155238301.html\"\u003e\"wholesale change,\"\u003c/a\u003e which he said Trump and his new administration would bring.\u003c/p\u003e\u003cp id=\"73ed19fc-c4d6-4b1c-af49-0c08335e71cb\"\u003eThat's broadly in line with how Trump has framed his Cabinet picks, as key movers who will upset the status quo and push fresh reform.\u003c/p\u003e\u003cp id=\"73ed19fc-c4d6-4b1c-af49-0c08335e71cb\"\u003eRowan has kept a relatively low profile on his views about government policy, though he recently voiced \u003ca target=\"_blank\" class=\"\" href=\"https://www.bloomberg.com/news/articles/2024-10-02/apollo-ceo-rowan-warns-that-aggressive-rate-cuts-could-backfire\"\u003econcerns\u003c/a\u003e that the Fed could overstimulate the economy with interest rate cuts.\u003c/p\u003e\u003ch2 id=\"e6cea6ab-a68b-4816-b297-f3f995f40039\"\u003eHoward Lutnick\u003c/h2\u003e\u003cdiv type=\"image\" title=\"A man stands at a Trump/Vance podium\" height=\"2769\" width=\"4300\" msid=\"115408282\" hostid=\"261\" sizebytes=\"238422\"\u003e\u003c/div\u003e\u003cp id=\"e6cea6ab-a68b-4816-b297-f3f995f40039\"\u003eLutnick, 63, is the CEO of Cantor Fitzgerald, a Wall Street financial services firm.\u003c/p\u003e\u003cp id=\"e6cea6ab-a68b-4816-b297-f3f995f40039\"\u003eLutnick has been serving as Trump's transition cochair with Linda McMahon, of WWE royalty. He's been a friend of the president-elect for decades, repeatedly holding fundraisers for Trump.\u003c/p\u003e\u003cp id=\"e6cea6ab-a68b-4816-b297-f3f995f40039\"\u003eIn August, Lutnick hosted an \u003ca target=\"_blank\" class=\"\" href=\"https://www.bloomberg.com/news/articles/2024-08-09/with-lutnick-s-help-trump-raises-15-million-at-hamptons-event\"\u003eevent at his home\u003c/a\u003e in the Hamptons that raised $15 million for the Trump-Vance campaign.\u003c/p\u003e\u003cp id=\"e6cea6ab-a68b-4816-b297-f3f995f40039\"\u003eLutnick has aligned himself closely with Trump's rhetoric. In late October, he expressed a vision for the US economy, describing America in the year 1900 to a crowd at Madison Square Garden, saying it was a time when the \"economy was rocking.\"\u003c/p\u003e\u003cp id=\"e6cea6ab-a68b-4816-b297-f3f995f40039\"\u003e\"We had no income tax, and all we had was tariffs,\" \u003ca target=\"_blank\" class=\"\" href=\"https://www.youtube.com/watch?v=x1b4UZn1GAk\u0026amp;ab_channel=HowardW.Lutnick\"\u003ehe said to a cheering stadium.\u003c/a\u003e \u003c/p\u003e\u003cp id=\"e6cea6ab-a68b-4816-b297-f3f995f40039\"\u003eLutnick has also said that under Trump, corporate taxes would be raised for US giants like Apple and Tesla. He said that Elon Musk, a Trump ally, welcomed such a move if it applied to all big players. \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-trump-lutnick-treasury-secretary-bessent-2024-11\"\u003eMusk has endorsed Lutnick\u003c/a\u003e for Treasury Secretary.\u003c/p\u003e\u003cp id=\"e6cea6ab-a68b-4816-b297-f3f995f40039\"\u003eLutnick is also known for steering Cantor Fitzgerald after the 9/11 attack, which killed 658 of its 960 employees at the World Trade Center.\u003c/p\u003e\u003ch2 id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eScott Bessent\u003c/h2\u003e\u003cdiv type=\"image\" title=\"A man in a red vest and blue sweater goes for a walk\" height=\"2931\" width=\"4396\" msid=\"115408293\" hostid=\"261\" sizebytes=\"791788\"\u003e\u003c/div\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eBessent, 62, was one of the original frontrunners for Trump's Treasury Secretary.\u003c/p\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eHis involvement emerged early last week when \u003ca target=\"_blank\" class=\"\" href=\"https://www.reuters.com/world/us/bessent-paulson-lead-us-treasury-secretary-under-trump-sources-say-2024-11-08/\"\u003eReuters reported\u003c/a\u003e that the founder of macro investment firm Key Square Capital Management had been meeting with Trump at the Mar-a-Lago resort.\u003c/p\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eBessent worked for the liberal philanthropist George Soros from 1991 to 2015, making a name for himself by betting big against the British pound, which collapsed in 1992, and then against the Japanese yen as it weakened in 2013.\u003c/p\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eHe left Soros' firm in 2015 to start Key Square, and \u003ca target=\"_blank\" class=\"\" href=\"https://www.wsj.com/politics/elections/the-ex-soros-executive-who-is-trumps-new-obsession-4be2d493\"\u003eThe Journal\u003c/a\u003e reported that he hasn't spoken to the billionaire in years.\u003c/p\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eBessent has been vocal in his support for Trump, telling \u003ca target=\"_blank\" class=\"\" href=\"https://www.breitbart.com/politics/2024/08/18/exclusive-scott-bessent-kamala-harris-economic-illiterate-will-crash-economy/\"\u003eBreitbart\u003c/a\u003e in August that Vice President Kamala Harris would have crashed the economy if she was president.\u003c/p\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eHe wrote \u003ca target=\"_blank\" class=\"\" href=\"https://www.wsj.com/opinion/markets-hail-trumps-economics-he-will-repair-biden-damage-pro-growth-investment-boost-f3954dbe?\"\u003ean opinion column\u003c/a\u003e just after the election, praising Trump for a stock market rally after his win and knocking \u003ca target=\"_blank\" class=\"\" href=\"https://www.cnn.com/2024/10/23/politics/nobel-prize-economists-harris-economic-plan/index.html\"\u003e23 Nobel Prize-winning economists\u003c/a\u003e for predicting that the president-elect's agenda would be \"counterproductive.\"\u003c/p\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eThe investor laid out his ideas for the economy in his written piece, calling for the Trump administration to reduce government borrowing and to reform President Joe Biden's policies for investment in a \"quixotic energy transition.\"\u003c/p\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eLike Lutnick, he's \u003ca target=\"_blank\" class=\"\" href=\"https://www.foxnews.com/opinion/scott-bessent-talk-tariffs-its-time-revitalize-alexander-hamiltons-favorite-tool\"\u003eadvocated for an economy\u003c/a\u003e that's more reliant on tariffs and weaned off income tax, saying the move would restore America's position on the world stage and help curb China's growth.\u003c/p\u003e\u003cp id=\"4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3\"\u003eHowever, The Journal reported that some conservatives in Trump's circle were concerned about Bessent's past experience working for Soros, who has attracted the ire of the MAGA base for his support of left-leaning causes.\u003c/p\u003e","synopsis":"Trump was originally believed to have two frontrunners in Howard Lutnick and Scott Bessent, but is now reported to be considering more options.","updatedTime":1731918831007,"insertedTime":1731912656000,"img_Path":"/thumb/msid-115410251,width-640,resizemode-4,imgsize-1584922/meet-the-top-4-candidates-trump-is-considering-for-secretary-of-the-treasury.jpg","url":"politics/world/news/meet-the-top-4-candidates-trump-is-considering-for-secretary-of-the-treasury/articleshow/115410251.cms","slug":"politics/world/news/meet-the-top-4-candidates-trump-is-considering-for-secretary-of-the-treasury","category":"Politics","article_type":"international"},{"title":"Democrats are hoping blue states can hold the line in their battle against Trump's second-term agenda","msid":115396576,"readingTime":3,"authorDetail":[{"author_name":"John L. Dorman","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eDemocrats hope blue states can be the party's redoubt against Trump's second term.\u003c/li\u003e\u003cli\u003eDemocrats will be in the minority in both houses of Congress in January 2025.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eWith Vice President Kamala Harris' presidential election loss, President Joe Biden leaving the White House in January, and Democrats looking ahead to life in a Senate chamber that they'll no longer control, the new year will bring a new reality: the party's power in Washington, DC will be diminished.\u003c/p\u003e\u003cp\u003eA newly empowered Donald Trump, meanwhile, is aiming to reshape the federal government to a degree that he failed to achieve in his first term. He's assembling \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11\"\u003ean array of loyalists\u003c/a\u003e to help further his goals on everything from immigration to foreign policy.\u003c/p\u003e\u003cp\u003eEarly in Trump's first presidency, protests against his administration were common in Washington and other cities. And as Trump's first term progressed, Democrats remained laser-focused on opposing him. The party harnessed that energy to retake the House in 2018, win back the presidency in 2020, and flip the Senate in 2021.\u003c/p\u003e\u003cp\u003eBut this time, the Democratic Party appears to be coalescing around a revised strategy.\u003c/p\u003e\u003cp\u003eDemocratic officials and activists are \u003ca target=\"_blank\" class=\"\" href=\"https://www.nytimes.com/2024/11/16/us/politics/democrats-anti-trump-battle-plan.html\"\u003ehoping blue states\u003c/a\u003e can be the center of opposition to the president-elect, The New York Times reported. From abortion rights to paid leave, the party sees its Democratic strongholds as bulwarks against Trump, especially with \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-supreme-court-conservatives-election-2024-11\"\u003ethe US Supreme Court\u003c/a\u003e dominated by conservative jurists.\u003c/p\u003e\u003cp\u003eDemocrats are also building up a legal operation to challenge the new administration, according to the Times. The newspaper reported that advocacy groups are rallying hundreds of attorneys to fight Trump's agenda from the start of the president-elect's second term.\u003c/p\u003e\u003cp\u003eSkye Perryman, the CEO of Democracy Forward, a nonprofit organization created after Trump's win in 2016, told the Times that challenges to the president-elect will be different in his second term.\u003c/p\u003e\u003cp\u003e\"Resistance this time is a lot more about collective power building,\" she said. \"It's using the law and using litigation.\"\u003c/p\u003e\u003cp\u003eDemocrats are also already looking ahead to the 2028 election.\u003c/p\u003e\u003cp id=\"1f996d47-70d3-4ad8-ae33-e0ed35c26232\"\u003eWhile Democrats are \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/harris-trump-blue-wall-democrats-suburban-voters-unions-2024-11\"\u003estill smarting over Harris' loss\u003c/a\u003e — and trying to assess how their party can reverse electoral gains that Trump made with working-class voters — many of the party's crop of governors have emerged as potential 2028 contenders.\u003c/p\u003e\u003cp id=\"1f996d47-70d3-4ad8-ae33-e0ed35c26232\"\u003eDemocrats occupy 23 of the nation's 50 governorships, which will remain unchanged at the beginning of the year. Some of them — like Govs. \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/gavin-newsom-california-gubernatorial-recall-election-landslide-win-2021-9\"\u003eGavin Newsom\u003c/a\u003e of California, JB Pritzker of Illinois, and Gretchen Whitmer of Michigan — have long been considered White House aspirants.\u003c/p\u003e\u003cp id=\"1f996d47-70d3-4ad8-ae33-e0ed35c26232\"\u003eFor Democrats, the focus on states will give many of these leaders a platform as Trump aims to enact a conservative agenda in a nation that remains politically divided.\u003cstrong\u003e \u003c/strong\u003eHarris easily won California and Illinois in the general election, but she lost Michigan — a state that for years had been \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/harris-trump-blue-wall-economic-message-unions-michigan-pennsylvania-wisconsin-2024-10\"\u003epart of the party's vaunted blue wall\u003c/a\u003e — by about 1.4 points.\u003c/p\u003e\u003cp id=\"1f996d47-70d3-4ad8-ae33-e0ed35c26232\"\u003eAfter the election, Newsom called a special session, which will begin on December 2 in Sacramento, to boost the state's legal resources to challenge the incoming administration on issues like abortion, civil rights, climate regulations, and immigration.\u003c/p\u003e\u003cp id=\"1f996d47-70d3-4ad8-ae33-e0ed35c26232\"\u003ePritzker \u003ca target=\"_blank\" class=\"\" href=\"https://chicago.suntimes.com/elections/2024/11/07/pritzker-donald-trump-second-term-defend-illinois-remarks\"\u003epledged to work\u003c/a\u003e with the Trump administration but also called himself a \"warrior\" for his state.\u003c/p\u003e\u003cp id=\"1f996d47-70d3-4ad8-ae33-e0ed35c26232\"\u003e\"To anyone who intends to come take away the freedom, opportunity, and dignity of Illinoisans, I would remind you that a happy warrior is still a warrior,\" the governor, now in his second term, \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/GovPritzker/status/1854686495975551159\"\u003ewrote on X\u003c/a\u003e. \"You come for my people — you come through me.\"\u003c/p\u003e\u003cp id=\"1f996d47-70d3-4ad8-ae33-e0ed35c26232\"\u003eMeanwhile, Whitmer reiterated that she worked with Trump during her first term and would find a way to do so again.\u003c/p\u003e\u003cp id=\"1f996d47-70d3-4ad8-ae33-e0ed35c26232\"\u003e\"We'll figure out how to work with a Trump administration into this last two years of my term,\" she told reporters after the election.\u003c/p\u003e","synopsis":"During Trump's first term, Democrats often took to the streets to protest his administration. Now, they're looking to blue states, and to the courts.","updatedTime":1731886426164,"insertedTime":1731880143000,"img_Path":"/thumb/msid-115396576,width-640,resizemode-4,imgsize-163960/democrats-are-hoping-blue-states-can-hold-the-line-in-their-battle-against-trumps-second-term-agenda.jpg","url":"politics/world/news/democrats-are-hoping-blue-states-can-hold-the-line-in-their-battle-against-trumps-second-term-agenda/articleshow/115396576.cms","slug":"politics/world/news/democrats-are-hoping-blue-states-can-hold-the-line-in-their-battle-against-trumps-second-term-agenda","category":"Politics","article_type":"international"},{"title":"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'","msid":115392767,"readingTime":2,"authorDetail":[{"author_name":"Rebecca Rommen","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eAlec Baldwin appeared on the most recent episode of \"Saturday Night Live.\"\u003c/li\u003e\u003cli\u003eBaldwin played Robert F. Kennedy Jr., Trump's health secretary nominee.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eIt was hardly surprising that the latest episode of \"\u003ca target=\"_blank\" class=\"\" href=\"https://www.youtube.com/watch?v=V-bBL0303Kw\"\u003eSaturday Night Live\"\u003c/a\u003e saw the cast debut impressions of President-elect Donald \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11\"\u003eTrump's cabinet nominees\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eSeveral of Trump's more controversial picks, including Matt Gaetz as attorney general and Robert F. Kennedy Jr. as health secretary, have had a lot of people talking this week, and the \"SNL\" cast didn't miss the opportunity to unpack the situation.\u003c/p\u003e\u003cp\u003eThe NBC show saw James Austin Johnson's Trump spoof introduce what he called \"the most epic cabinet of all time,\" which he said included \"some of the most dynamic, free-thinking, animal-killing, sexually criminal, medically crazy people in the country.\"\u003c/p\u003e\u003cp\u003e\"We've got Elon and Matt Gaetz. That's an 'Alien vs. Predator.' We've got Kristi Noem and RFK Jr. They're killing the dogs, they're killing the bears. And Melania will be working remotely from divorce,\" Johnson said.\u003c/p\u003e\u003cp\u003eSarah Sherman then entered as Gaetz, one of Trump's most surprising selections so far. Gaetz has previously faced sexual misconduct allegations, and his nomination reportedly blind-sided many Republicans.\u003c/p\u003e\u003cp\u003eSherman soon declared that she \"had to resign from Congress because the confirmation process comes at the busiest time of year for me.\"\u003c/p\u003e\u003cp\u003e\"The holidays?\" Johnson asked.\u003c/p\u003e\u003cp\u003e\"Girls' volleyball season,\" Sherman said, before introducing Alec Baldwin as RFK Jr. — a well-known vaccine skeptic and conspiracy theorist.\u003c/p\u003e\u003cp\u003eWith a rasping voice, Baldwin, who has previously played Trump on the show, said: \"I am so honored to be the head of the Health and Human Services Department.\"\u003c/p\u003e\u003cp\u003e\"Americans need someone to teach them how to be healthy. Someone like me. A 70-year-old man with movie star looks and a worm in his brain,\" he went on.\u003c/p\u003e\u003cp\u003e\"Alright, I got to go; I got a dead dolphin in my car. I think I might saw it in half and dump it in Central Park,\" he said, referencing Kennedy's story about \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/robert-kennedy-dumped-dead-bear-cub-central-park-new-york-2024-8\"\u003eonce having dumped a dead bear in Central Park\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eElsewhere in the episode, which saw British pop star Charli XCX make her hosting debut, Johnson made light of \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-musk-celebrate-election-victory-ufc-309-cabinet-picks-2024-11\"\u003eTrump's increasingly close relationship with Tesla CEO Elon Musk\u003c/a\u003e.\u003c/p\u003e\u003cp\u003e\"I can't go back to Mar-a-Lago,\" he said. \"Elon is there, and he will not leave.\"\u003c/p\u003e\u003cp\u003eTrump, Musk, and RFK Jr. \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-musk-celebrate-election-victory-ufc-309-cabinet-picks-2024-11\"\u003eappeared together alongside other cabinet picks at UFC 309 on Saturday\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eThe president-elect received a huge ovation from the crowd as he entered Madison Square Garden alongside a beaming Dana White.\u003c/p\u003e","synopsis":"In the show, Alec Baldwin played Robert F. Kennedy Jr. and Sarah Sherman took on the role of Matt Gaetz.","updatedTime":1731871149453,"insertedTime":1731865016000,"img_Path":"/thumb/msid-115392767,width-640,resizemode-4,imgsize-998742/alec-baldwin-debuts-rfk-jr-impression-on-saturday-night-live-as-the-cast-mocks-trumps-cabinet-picks-i-got-a-dead-dolphin-in-my-car.jpg","url":"politics/world/news/alec-baldwin-debuts-rfk-jr-impression-on-saturday-night-live-as-the-cast-mocks-trumps-cabinet-picks-i-got-a-dead-dolphin-in-my-car/articleshow/115392767.cms","slug":"politics/world/news/alec-baldwin-debuts-rfk-jr-impression-on-saturday-night-live-as-the-cast-mocks-trumps-cabinet-picks-i-got-a-dead-dolphin-in-my-car","category":"Politics","article_type":"international"},{"title":"Trump, Musk, and new cabinet picks celebrate election victory with surprise appearance at UFC","msid":115387467,"readingTime":2,"authorDetail":[{"author_name":"Mikhaila Friel","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eDonald Trump celebrated his election win at UFC 309 with key allies.\u003c/li\u003e\u003cli\u003eTrump was joined by Elon Musk, Tulsi Gabbard, and Robert F. Kennedy Jr.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/europe-trade-war-trump-tariffs-eu-imports-foreign-policy-2024-11\"\u003eDonald Trump\u003c/a\u003e celebrated his election victory with a surprise appearance at UFC 309 on Saturday.\u003c/p\u003e\u003cp\u003eThe president-elect, flanked by UFC chief Dana White, arrived at Madison Square Garden to thunderous applause and cheers from the packed-out crowd.\u003c/p\u003e\u003cp\u003eTrump was joined at the event by some of his new inner circle, including his picks to lead \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/why-elon-musk-cutting-federal-spending-could-work-2024-11\"\u003ethe new \"Department of Government Efficiency\" (DOGE)\u003c/a\u003e — Elon Musk and Vivek Ramaswamy, incoming national intelligence director Tulsi Gabbard, and \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/trump-robert-f-kennedy-jr-rfk-department-health-human-services-2024-11\"\u003eRobert F Kennedy Jr.\u003c/a\u003e, whom Trump nominated as health secretary this week.\u003c/p\u003e\u003cp\u003eTrump could also be spotted reuniting with \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trumps-victory-shows-the-flagging-influence-of-mainstream-media-2024-11\"\u003eJoe Rogan\u003c/a\u003e, the host of \"The Joe Rogan Experience,\" after his hit appearance on the podcast in October.\u003c/p\u003e\u003cp\u003eAnd the warm reception didn't end there for the president-elect, with what can only be described as a Trump hype video playing on the big screen for spectators.\u003c/p\u003e\u003cp\u003eHeavyweight champion Jon Jones also made a point of thanking Trump for attending in his post-fight interview.\u003c/p\u003e\u003cp\u003e\"I also want to say a big, big thank you to President Donald Trump for being here tonight,\" Jones said, before imitating Trump's \u003ca target=\"_blank\" class=\"\" href=\"https://www.youtube.com/watch?v=Zph7YXfjMhg\"\u003e\"YMCA\" dance\u003c/a\u003e.\u003c/p\u003e \u003cp\u003eTrump spent most of the evening sitting between White and Tesla CEO Musk, with whom he has been somewhat inseparable since the election.\u003c/p\u003e\u003cp\u003eMusk — the \u003ca target=\"_blank\" class=\"\" href=\"https://www.bloomberg.com/billionaires/\"\u003eworld's richest person\u003c/a\u003e — went all in on supporting Trump's presidential campaign in the summer, pouring millions of dollars into a super PAC and holding his own rallies to try to get him elected.\u003c/p\u003e\u003cp\u003eIn his new role as co-leader of DOGE, Musk's main task will be to advise on areas of government spending to cut.\u003c/p\u003e\u003cp\u003eAnd he has already shared some of his plans for how he'll run the agency.\u003c/p\u003e\u003cp\u003eWriting on \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/elonmusk/status/1856520760656797801\"\u003eX\u003c/a\u003e on Wednesday, Musk said the DOGE's actions \"will be posted online for maximum transparency\" and that he will launch a leaderboard to track \"insanely dumb\" government spending.\u003c/p\u003e\u003cp\u003e\"Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know!\" he added.\u003c/p\u003e","synopsis":"Trump was greeted by thunderous applause as he arrived at the venue flanked by a beaming Dana White.","updatedTime":1731851973283,"insertedTime":1731845728000,"img_Path":"/thumb/msid-115387467,width-640,resizemode-4,imgsize-1755162/trump-musk-and-new-cabinet-picks-celebrate-election-victory-with-surprise-appearance-at-ufc.jpg","url":"politics/world/news/trump-musk-and-new-cabinet-picks-celebrate-election-victory-with-surprise-appearance-at-ufc/articleshow/115387467.cms","slug":"politics/world/news/trump-musk-and-new-cabinet-picks-celebrate-election-victory-with-surprise-appearance-at-ufc","category":"Politics","article_type":"international"},{"title":"If the Mar-a-Lago documents case is dismissed, Trump could get everything back — and keep it with immunity","msid":115385560,"readingTime":4,"authorDetail":[{"author_name":"Laura Italiano","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eIf the Mar-a-Lago classified documents case is dismissed, Trump can probably take his 33 boxes back.\u003c/li\u003e\u003cli\u003eAs president, he'll control the National Archives and DOJ.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eWhen criminal defendants have their cases dismissed, they generally get their stuff back, with the obvious exception of illegal guns, drugs, or any other contraband.\u003c/p\u003e\u003cp\u003eSo what about a newly reelected Donald Trump?\u003c/p\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-election-criminal-cases-presidency-2024-11\"\u003eSpecial counsel Jack Smith\u003c/a\u003e has signaled that he is winding down his two Trump cases ahead of the January 20 inauguration. He cites long-standing Justice Department policy barring the prosecution of sitting presidents.\u003c/p\u003e\u003cp\u003eIf the Mar-a-Lago classified documents case is dismissed, can Trump take back \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-stored-classified-docs-boxes-christmas-ornaments-feds-2024-6\"\u003ethose 33 boxes\u003c/a\u003e of keepsakes — ranging from Christmas decorations to highly sensitive nuclear secrets — that the FBI seized from his Palm Beach resort two years ago?\u003c/p\u003e\u003cp\u003eLegal experts told Business Insider that the short answer is yes — if he wants them back and takes possession of them while still in the White House.\u003c/p\u003e\u003cp\u003eThat includes the documents Smith sees as contraband, currently stored in an FBI \"SCIF,\" or sensitive compartmented information facility. Prosecutors have said over 300 classified documents were tucked away in boxes found stacked in Trump's ballroom, bathroom, and storage closets.\u003c/p\u003e\u003cp\u003eAs president with authority over the Justice Department and the National Archives Records Administration — both fall under the executive branch — there is little to stop Trump from flouting long-standing rules for handling and storing government secrets.\u003c/p\u003e\u003cp\u003eAnd if he wants to bring it all back to Mar-a-Lago when he leaves office, his options include declassifying whatever is classified — presidents enjoy \u003ca target=\"_blank\" class=\"\" href=\"https://www.justsecurity.org/86777/dispelling-myths-how-classification-and-declassification-actually-work/\"\u003ebroad declassification authority\u003c/a\u003e — and telling the National Archives to declare the whole lot to be personal, not presidential, records.\u003c/p\u003e\u003cp\u003eWhatever he decides, he'll be protected for life by the broad \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/supreme-court-trump-immunity-january-6-election-ruling-decision-2024-5\"\u003eimmunity from prosecution\u003c/a\u003e bestowed upon him by the US Supreme Court in July, legal experts said.\u003c/p\u003e\u003cp\u003e\"If he has the chutzpah to ask for his boxes back, and there's no one on the other side to raise any protest, then he may well get them back,\" said attorney Paul Shechtman, a former federal prosecutor in Manhattan, where he served as chief of appeals.\u003c/p\u003e\u003cp\u003e\"The bottom line is he's going to control the executive branch, including the Department of Justice,\" said Brian Greer, an attorney with the CIA's Office of General Counsel who served during both the Obama and Trump administrations.\u003c/p\u003e\u003cp\u003e\"Combined with the Supreme Court immunity decision, that will give him extremely broad discretion over what to do with them,\" Greer said of Trump's boxes.\u003c/p\u003e\u003cdiv type=\"image\" title=\"Stacks of boxes in a bathroom and shower in President Donald Trump's Mar-a-Lago estate in Palm Beach, Florida\" height=\"905\" width=\"1024\" msid=\"115384341\" hostid=\"261\" sizebytes=\"61476\"\u003e\u003c/div\u003e\u003cp\u003eIn the 10 remaining weeks until the inauguration, Smith will likely move to dismiss the case, sum up his findings in a report for outgoing Attorney General Merrick Merriand, and then just leave Trump's documents and boxes behind in the custody of the FBI, experts said.\u003c/p\u003e\u003cp\u003e\"He could say to whoever is in charge of the DOJ next, 'This is your headache,'\" said Michael Bachner, a former Manhattan prosecutor and frequent commentator on the president-elect's legal travails.\u003c/p\u003e\u003cp\u003eSmith could try instead to return the classified documents to the agency he says is their rightful owner, the National Archives. But such a move could be easily undone.\u003c/p\u003e\u003cp\u003e\"Trump can easily retrieve them from there,\" with or without declassifying them, Bachner said. \"As long as he's doing it under the auspices of an official, presidential act, he'll have an argument that he is immune.\"\u003c/p\u003e\u003cdiv type=\"image\" title=\"This DOJ evidence photo shows a box containing classified documents on the floor of a Mar-a-Lago storage room, next to gifts and a case of Diet Coke.\" height=\"840\" width=\"1252\" msid=\"115384343\" hostid=\"261\" sizebytes=\"78172\"\u003e\u003c/div\u003e\u003cp\u003eTrump's classified documents indictment says he repeatedly defied the National Archives and federal subpoenas in retaining classified documents and other presidential records that he took to Mar-a-Lago when he left the White House in January 2021.\u003c/p\u003e\u003cp\u003eThe raid clearly stung. \"These are dark times for our Nation, as my beautiful home, Mar-A-Lago in Palm Beach, Florida, is currently under siege, raided, and occupied by a large group of FBI agents,\" Trump said at the time, in a statement disclosing the search warrant had been executed.\u003c/p\u003e\u003cp\u003e\"Nothing like this has ever happened to a President of the United States before,\" he wrote.\u003c/p\u003e\u003cp\u003eThe FBI's surprise raid of Mar-a-Lago was an \"attack by Radical Left Democrats who desperately don't want me to run for President in 2024,\" Trump added.\u003c/p\u003e\u003cp\u003eThe case suffered a near-mortal blow this summer when US District Judge Aileen Cannon found that Congress should have approved Smith's appointment as special counsel.\u003c/p\u003e\u003cp\u003eShe dismissed the case, a decision Smith was appealing when Trump was elected. That appeal is now on hold, with Smith saying that on December 2, he will announce his plans for the documents case and Trump's election interference case.\u003c/p\u003e\u003cp\u003eTrump had pleaded not guilty in both cases, calling the prosecution a politically motivated \"witch hunt\" and saying that he \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/mar-a-lago-trump-further-stretches-tenuous-declassification-argument-2022-9\"\u003ehad declassified the documents\u003c/a\u003e before leaving office.\u003c/p\u003e\u003cp\u003eHe has sued Biden's Justice Department for $100 million, saying the raid was improper, and promised to fire Smith immediately upon taking office. The special counsel could beat him to it by resigning before Inauguration Day. His spokespeople did not immediately respond to a request for comment on this story.\u003c/p\u003e\u003cp\u003eFor now, the classified documents seized from Mar-a-Lago remain evidence. By law, Trump and his lawyers can only view them in a secure facility.\u003c/p\u003e","synopsis":"Trump will soon control the National Archives and DOJ — the same two agencies that once tried to prevent him from keeping presidential records.","updatedTime":1731845127524,"insertedTime":1731838921000,"img_Path":"/thumb/msid-115385560,width-640,resizemode-4,imgsize-73680/if-the-mar-a-lago-documents-case-is-dismissed-trump-could-get-everything-back-and-keep-it-with-immunity.jpg","url":"politics/world/news/if-the-mar-a-lago-documents-case-is-dismissed-trump-could-get-everything-back-and-keep-it-with-immunity/articleshow/115385560.cms","slug":"politics/world/news/if-the-mar-a-lago-documents-case-is-dismissed-trump-could-get-everything-back-and-keep-it-with-immunity","category":"Politics","article_type":"international"},{"title":"Elon Musk downsized Big Tech. Can he do the same to Big Government?","msid":115384527,"readingTime":7,"authorDetail":[{"author_name":"Amanda Hoover","author_id":45}],"body":"\u003cp class=\"drop-cap\"\u003e\u003cspan\u003eLast week, Donald Trump announced the creation of the \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-department-of-government-efficiency-donald-trump-ramaswamy-2024-11\"\u003e\u003cspan\u003eDepartment of Government Efficiency\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e, which promises to \"dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.\" And to run the new cost-cutting department, Trump tapped the businessman he calls the world's \"greatest cutter\" — \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/gop-senator-waste-list-influence-elon-musk-spending-cuts-2024-11\"\u003e\u003cspan\u003eElon Musk\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eIf you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. At \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/twitter-x-elon-musk-startup-competitition-town-square-election-2024-10\"\u003e\u003cspan\u003eTwitter,\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e he eliminated a staggering 80% of the staff — over 6,000 people. At \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/tesla-salary-database-elon-musk-pay-strategy-2024-11\"\u003e\u003cspan\u003eTesla\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e, he cut 10% of the workforce, saying the company needed to be \"absolutely hardcore about headcount and cost reduction.\" He also laid off 10% of employees at \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/spacex-jared-isaacman-interview-polaris-dawn-space-walk-2024-11\"\u003e\u003cspan\u003eSpace X\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e, insisting his teams need to be scrappy and nimble. Cutting, for Musk, is generally Job No. 1.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eFor the most part, Musk's slash-and-burn tactics have paid off. Twitter usage, according to Musk, is at an all-time high. Tesla's stock is up 28% over the past year. And SpaceX — now valued at $250 billion — is grabbing rockets out of the sky with \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-spacex-starship-landing-super-heavy-2024-10\"\u003e\u003cspan\u003egiant chopsticks\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e. In the world of business, fewer workers often translate into higher profits.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThe question is: Can the cost-cutting tactics Musk has employed in the private sector work to corral waste and bloat in the federal government? Musk and his DOGE cochair, the biotech billionaire \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/why-elon-musk-cutting-federal-spending-could-work-2024-11\"\u003e\u003cspan\u003eVivek Ramaswamy\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e, have said they're looking to hire \"super high-IQ small government revolutionaries\" to help make $2 trillion in cuts — about a third of all federal spending — and to slash the federal workforce by as much as 75%. It's a dream that has eluded every Republican administration since Ronald Reagan — and it's one that may prove elusive even for Musk, the man now anointed as America's cost-cutter in chief.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"drop-cap\"\u003e\u003cspan\u003eThere's certainly no shortage of waste and inefficiency in the federal government that cries out to be streamlined. In 2019, the Defense Department forked over $22 million for lobster tails. In 2020, the IRS sent $1.4 billion in tax refunds to dead Americans. Millions of square feet in federal buildings sit unoccupied.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eIn theory, a bold, outside figure like \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-donald-trump-elected-shadow-president-2024-11\"\u003e\u003cspan\u003eMusk\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e could be the very thing needed to downscale an operation as vast and intractable as the federal government. Large organizations need a force of \"creative destruction\" to change, says Michael Morris, a professor at Columbia Business School. \"Things don't go away on their own. You have to have somebody with a willingness to deliberately dismantle things if you're going to have innovation.\" And when a new figure institutes a massive shock to the system — whether at the government or private level — \"it often backfires,\" says Morris\u003cem\u003e.\u003c/em\u003e \"There's often very fierce, active resistance to change.\"\u003c/span\u003e\u003c/p\u003e \u003cp\u003e\u003cspan\u003eAs \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/joe-biden-corporate-gerontocracy-aging-ceos-retirement-succession-replacement-2024-8\"\u003e\u003cspan\u003eCEO\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e, Musk has the latitude to push past that resistance and overhaul company culture. But things are going to be different with DOGE. Despite its branding as a \"department,\" the new outfit will operate only in an advisory capacity: Congress holds the ultimate responsibility for authorizing spending and \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/doge-how-to-apply-dm-job-application-elon-musk-2024-11\"\u003e\u003cspan\u003eeliminating agencies\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e. Government, by design, is an intensely collaborative process, intended to hammer out the competing needs of different constituencies. Musk, by contrast, is accustomed to ruling by fiat.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003e\"Musk certainly exercises a great deal of control in his companies that he won't have in the environment of the federal government, where we have checks and balances,\" says Andy Wu, an associate professor of business administration at Harvard Business School. \"Even if Musk had the right idea for things, it's not so clear he could implement any of them.\"\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThe federal government is infamous for holding on to past practices, even when they no longer make sense. Linda Bilmes, a senior lecturer in public policy at the Harvard Kennedy School, cites the continued minting of the penny, each of which costs three cents to produce. Last year, in an economy that has largely moved away from cash, the government spent $179 million forging pennies and nickels. Yet past calls to get rid of the penny haven't amounted to one red cent.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003e\"The danger is if Elon Musk were to somehow think he is the first person who has ever looked at cost cutting in government,\" says Bilmes. \"Many people who know a lot about government have proposed many good ideas. The potential for usefulness would be if he could take some already reasonably good ideas and help them get implemented.\"\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThe \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/watchdog-dod-must-speed-up-weapons-deliveries-to-maintain-advantage-2024-6\"\u003e\u003cspan\u003eGovernment Accountability Office\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e and inspectors general have already recommended a variety of potential targets. They aren't always flashy: This year, the GAO recommended agencies use predictive models to schedule maintenance, saying they could save $100 million or more. It also urged the IRS to focus on collecting taxes owed by sole proprietors, which could generate hundreds of millions of dollars in revenue. If the government implemented all 5,480 of its suggestions, the GAO estimated, it would \"produce measurable financial benefits\" of up to $208 billion.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eBut so far, Musk has seemed more interested in the kind of flashy, small-bore proposals that attract clicks on X. He's taken to resharing what he sees as examples of waste — everything from $3 million spent on drug research that involved watching \"hamsters fight on steroids\" to a $20,000 grant that funded drag shows in Ecuador — and crowdsourcing them on the platform. Those sorts of items might generate outrage on \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/twitter-donald-trump-elon-musk-2024-11\"\u003e\u003cspan\u003eFox News\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e, but eliminating them won't do much to trim the federal government's $6,200,000,000,000 in annual spending.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThen there's the politics of budget cutting. The last time Republicans succeeded at slowing government spending, under \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/reagan-secret-service-agent-says-trump-shooting-failure-for-agency-2024-7\"\u003e\u003cspan\u003eRonald Reagan\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e, they made deep cuts to areas of government that proved unpopular — including social welfare programs, student loans, and job training. Musk may see plenty of areas he'd like to slash, but a wide range of constituencies will inevitably push back against cuts to programs they consider essential. When it comes to federal spending, one person's waste is another person's bread and butter.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003e\"People support the idea of improving how the government delivers services,\" says Joel Friedman, the senior vice president for federal fiscal policy at the Center on Budget and Policy Priorities, a progressive think tank. \"I think people would take a different view if you end up gutting programs they depend on and care about.\" Efficiency always sounds like a good thing, until it comes for something you love.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"drop-cap\"\u003e\u003cspan\u003eBeyond the question of where to cut, Musk will face intense scrutiny over \u003cem\u003ewhy \u003c/em\u003ehe's targeting certain areas of government. His role at DOGE is rife with the potential for conflicts of interest. SpaceX, for example, has received nearly $20 billion in federal contracts since 2008, and Musk has been sharply critical of the Federal Aviation Administration, viewing it as an obstacle to launching his powerful \u003c/span\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-trump-spacex-starship-rocket-milestone-election-2024-10\"\u003e\u003cspan\u003eStarship\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. When it comes to how the government interacts with the marketplace, the world's richest man inherently has a lot of skin in the game. Musk's companies did not respond to requests for comment. But Brian Hughes, a spokesperson for Trump's transition team, says it plans to ensure that those involved with DOGE \"are compliant with all legal guidelines related to conflicts of interest.\"\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThose concerns also touch on the larger question of what Trump and his allies hope to accomplish by reducing the size of government. Calls for reducing \"inefficiency\" and \"bureaucracy\" have long been a euphemism for Republicans eager to reduce or eliminate federal oversight of everything from industrial pollution to airline safety. Less government is not necessarily better government, and there are plenty of federal agencies that remain so understaffed and underfunded, from the IRS to the Veterans Administration, that they're unable to perform even their most basic functions. The GOP's aim of cutting spending, a leading Reagan ally once acknowledged, is to shrink government to the size where conservatives can \"drag it into the bathroom and drown it in the bathtub.\" On Friday, Ramaswamy directly linked DOGE to the Reagan-era dream of smaller government, promising that the new agency will finish its work by July 4, 2026 — the 250th anniversary of the Declaration of Independence.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eAnd even when conservatives have succeeded at cutting costs, it's done nothing to slow the pace of government spending. Reagan slashed $22 billion in social welfare programs during his first two years in office — savings that were more than offset by his tax cuts and military spending, which nearly tripled the national debt. And in 1981, when a deep recession hit, carving up the safety net left the millions of Americans who were mired in poverty with even fewer resources to get by.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eIt's also\u003cstrong\u003e \u003c/strong\u003eimportant to remember that Musk did more than downsize X — he also used the platform to elevate far-right talking points and unfounded conspiracy theories. In short, he reshaped it to serve his own political ends, making it meaner as well as leaner. It remains to be seen if Musk will do the same with DOGE. There are plenty of places where Uncle Sam could spend America's hard-earned tax dollars more wisely. But there are also plenty of places where the man Trump's family now refers to as \"Uncle\" Elon could deploy what DOGE calls \"unglamorous cost-cutting\" to bend the federal government to serve his own financial needs.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eMusk has acknowledged that Americans will feel \"hardship\" as a result of the cuts he wants to see implemented. But that doesn't mean he won't be able to juice more performance out of fewer resources, as he did at his own companies. When Musk slashed the workforce at Twitter, critics predicted that the app would collapse without enough staff to maintain it. Two years later, after a few initial glitches, it works much the same as before — at a far lower cost. Doubting Musk, even when he seems to be operating at his most extreme, can be a fool's game.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003ca target=\"_blank\" rel=\"\" class=\"\" href=\"https://www.businessinsider.com/author/amanda-hoover\"\u003e\u003cem\u003e\u003cu\u003eAmanda Hoover\u003c/u\u003e\u003c/em\u003e\u003c/a\u003e\u003cem\u003e is a senior correspondent at Business Insider covering the tech industry. She writes about the biggest tech companies and trends.\u003c/em\u003e\u003c/p\u003e","synopsis":"Uncle Elon vs. Uncle Sam will be a battle for the ages.","updatedTime":1731842102532,"insertedTime":1731834301000,"img_Path":"/thumb/msid-115384527,width-640,resizemode-4,imgsize-168800/elon-musk-downsized-big-tech-can-he-do-the-same-to-big-government.jpg","url":"politics/world/news/elon-musk-downsized-big-tech-can-he-do-the-same-to-big-government/articleshow/115384527.cms","slug":"politics/world/news/elon-musk-downsized-big-tech-can-he-do-the-same-to-big-government","category":"Politics","article_type":"international"},{"title":"Jon Stewart dismisses the idea that Democrats need their own Joe Rogan: 'It's all these people that have never really listened to him'","msid":115378147,"readingTime":2,"authorDetail":[{"author_name":"Katherine Tangalakis-Lippert","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eIn a podcast appearance, Jon Stewart dismissed the idea that Democrats need their own Joe Rogan.\u003c/li\u003e\u003cli\u003eThe suggestion, he said, always comes from \"people that have never really listened to him.\"\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/jon-stewart-kamala-harris-donald-trump-debate-crowd-size-rage-2024-9\"\u003eJon Stewart\u003c/a\u003e seems to think the idea that Democrats need their own Joe Rogan-type media personality to balance the podcast giant's support for President-elect\u003cstrong\u003e \u003c/strong\u003eDonald Trump is laughable.\u003c/p\u003e\u003cp\u003eIn a Thursday appearance on his \"The Weekly Show\" podcast, Stewart chuckled at a listener's question — relayed to him by his producer,\u003cstrong\u003e \u003c/strong\u003eBrittany Mehmedovic\u003cstrong\u003e \u003c/strong\u003e— about who the democrat version of Joe Rogan could be.\u003c/p\u003e\u003cp\u003e\"I think that's oversimplifying \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-joe-rogan-tony-hinchcliffe-rally-election-campaign-2024-10\"\u003eJoe Rogan\u003c/a\u003e,\" Stewart said. \"I mean, as somebody who does listen to Joe Rogan, like, I don't know what I would necessarily classify him as he has some ideas that I think are wildly progressive, other ideas that are probably, I would less agree with.\"\u003c/p\u003e\u003cp\u003eRogan's podcast has a \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/joe-rogan-experience-podcast-draws-huge-audience-spotify-2024-3\"\u003emassive audience\u003c/a\u003e, largely made up of young men. The former \"Fear Factor\" host made headlines late in the campaign cycle when he, after months of avoiding an explicit endorsement, \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/joe-rogan-endorses-donald-trump-on-eve-of-election-2024-11\"\u003ebacked Trump's reelection bid\u003c/a\u003e. Some Democrats have since suggested his draw with young voters should be replicated with a liberal-leaning media personality of their own.\u003c/p\u003e\u003cp\u003eRogan's political leanings have varied over the years. He previously endorsed \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/why-bernie-sanders-says-democrats-lost-working-class-election-2024-11\"\u003eVermont Sen. Bernie Sanders\u003c/a\u003e, a progressive candidate, in his 2020 election campaign. He later said he'd rather vote for Trump than President Joe Biden\u003cstrong\u003e \u003c/strong\u003ebefore formally\u003cstrong\u003e \u003c/strong\u003ebacking Trump in 2024. He has regularly featured conservative guests on his show, including provocative pundits like Matt Walsh and Ben Shapiro, drawing criticism from some liberal listeners who argue commentators who espouse seemingly\u003cstrong\u003e \u003c/strong\u003eracist or sexist views shouldn't be featured on the podcast.\u003c/p\u003e\u003cp\u003eBut Stewart said Democrats should consider Rogan as more than a partisan media figure.\u003c/p\u003e\u003cp\u003e\"Bernie went on Joe Rogan, which I think was exactly the right thing to do,\" Stewart said, referring to Sen. Sanders' 2019 appearance on the show. The suggestion that Democrats should build their own version of Rogan, he said, always comes from \"people that have never really listened to him.\"\u003c/p\u003e\u003cp\u003eSen. Sanders has also pushed back on the partisan criticism of Rogan, telling CNN's \"State of the Union\" last week that the current \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/jon-stewart-angry-joe-biden-not-honest-democratic-party-rock-2024-7\"\u003eDemocratic party\u003c/a\u003e has a problem \"vilifying\" its critics like Rogan.\u003c/p\u003e\u003cp\u003e\"Look, you're going to have an argument with Rogan, agree with him, disagree with him,\" Sanders said. \"But, what's the problem with going on those shows? It's hard for me to understand that.\"\u003c/p\u003e","synopsis":"Joe Rogan, Jon Stewart said in a podcast appearance, talks to everyone with curiosity — which Stewart suggested Democrats should do more of.","updatedTime":1731823121015,"insertedTime":1731814592000,"img_Path":"/thumb/msid-115378147,width-640,resizemode-4,imgsize-27436/jon-stewart-dismisses-the-idea-that-democrats-need-their-own-joe-rogan-its-all-these-people-that-have-never-really-listened-to-him.jpg","url":"politics/world/news/jon-stewart-dismisses-the-idea-that-democrats-need-their-own-joe-rogan-its-all-these-people-that-have-never-really-listened-to-him/articleshow/115378147.cms","slug":"politics/world/news/jon-stewart-dismisses-the-idea-that-democrats-need-their-own-joe-rogan-its-all-these-people-that-have-never-really-listened-to-him","category":"Politics","article_type":"international"},{"title":"Elon Musk throws his weight behind Howard Lutnick over Scott Bessent for treasury secretary","msid":115369499,"readingTime":2,"authorDetail":[{"author_name":"John L. Dorman","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eElon Musk weighed in on Trump's impending pick for treasury secretary.\u003c/li\u003e\u003cli\u003eMusk wrote on X that Cantor Fitzgerald chief executive Howard Lutnick would \"actually enact change.\"\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk\"\u003eElon Musk\u003c/a\u003e 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.\u003c/p\u003e\u003cp\u003eThe president-elect has not yet made a formal announcement on the role, but Lutnick and investor Scott Bessent are considered to be top contenders.\u003c/p\u003e\u003cp\u003eThe treasury secretary will be pivotal in the Trump administration, given that \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-harris-election-incumbents-inflation-living-costs-immigration-economy-politics-2024-11\"\u003eeconomic concerns\u003c/a\u003e played a key role in fueling Trump's victory. While unemployment is low and the economy is growing, Americans remain frustrated by \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/how-trump-won-election-high-prices-cost-of-living-unemployment-2024-11\"\u003ehigh prices\u003c/a\u003e and what they see as \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-mass-deportation-immigraiton-plan-federal-reserve-inflation-2024-9\"\u003erunaway inflation\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eLutnick has known Trump for decades and has hosted fundraisers for the president-elect and appeared on TV as a surrogate.\u003c/p\u003e\u003cp\u003eBessent founded and runs the macro hedge fund Key Square Group and emerged as a \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/insider-today-donald-trump-second-presidency-administration\"\u003ekey economic advisor\u003c/a\u003e to Trump on the campaign trail.\u003c/p\u003e\u003cp\u003eRepublican Sen. Lindsey Graham of South Carolina, a Trump ally, \u003ca target=\"_blank\" class=\"\" href=\"https://www.semafor.com/article/11/14/2024/lindsey-graham-lobbying-for-scott-bessent-as-us-treasury-secretary\"\u003etold Semafor\u003c/a\u003e earlier this week that Bessent would be an \"outstanding\" selection for treasury secretary.\u003c/p\u003e\u003cp\u003e\"He's from South Carolina, I know him well, he's highly qualified,\" Graham said.\u003c/p\u003e\u003cp\u003eMusk said on X, however, that Bessent wouldn't be the sort of change agent that many conservatives want to see in Trump's second administration.\u003c/p\u003e\u003cp\u003e\"My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change,\" Musk wrote.\u003c/p\u003e\u003cp\u003e\"Business-as-usual is driving America bankrupt, so we need change one way or another,\" he continued. \"Would be interesting to hear more people weigh in on this for Trump to consider feedback.\"\u003c/p\u003e\u003cp\u003eLutnick, the co-chair of Trump's transition team, is already playing \u003ca target=\"_blank\" class=\"\" href=\"https://www.wsj.com/politics/policy/trump-transition-co-chair-makes-late-play-for-treasury-secretary-f1b50c60\"\u003ean influential role\u003c/a\u003e in the president-elect's orbit, helping him review candidates for cabinet posts in the administration, The Wall Street Journal reported.\u003c/p\u003e","synopsis":"Elon Musk said on X that Cantor Fitzgerald CEO Howard Lutnick would \"actually enact change\" as President-elect Donald Trump's next treasury secretary.","updatedTime":1731785325451,"insertedTime":1731778005000,"img_Path":"/thumb/msid-115369499,width-640,resizemode-4,imgsize-35684/elon-musk-throws-his-weight-behind-howard-lutnick-over-scott-bessent-for-treasury-secretary.jpg","url":"politics/world/news/elon-musk-throws-his-weight-behind-howard-lutnick-over-scott-bessent-for-treasury-secretary/articleshow/115369499.cms","slug":"politics/world/news/elon-musk-throws-his-weight-behind-howard-lutnick-over-scott-bessent-for-treasury-secretary","category":"Politics","article_type":"international"},{"title":"Why Trump and Elon Musk want key administration officials to be confirmed without a floor vote","msid":115362890,"readingTime":4,"authorDetail":[{"author_name":"Brent D. Griffiths","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eDonald Trump wants the next GOP senate leader to give him greater power to staff vacancies.\u003c/li\u003e\u003cli\u003eTrump wants to use the president's recess appointment power in a major way.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003ePresident-elect \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11\"\u003eDonald Trump\u003c/a\u003e will return to the White House with Republicans in complete control of Washington.\u003c/p\u003e\u003cp\u003eFor Trump, Tesla CEO \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-net-worth-wealth-tesla-stock-trump-election-ev-2024-11\"\u003eElon Musk\u003c/a\u003e, and other influential conservatives, this simply is not good enough. The early reactions to Trump's nominations of former Rep. Matt Gaetz of Florida as attorney general and Robert F. Kennedy Jr. as Health and Human Services secretary illustrate that even a GOP trifecta might not give Trump everything he wants.\u003c/p\u003e\u003cp\u003eTrump wants Republicans to help him use a special procedure called recess appointments that would allow him to install Cabinet appointees and even a Supreme Court justice without a single vote.\u003cstrong\u003e \u003c/strong\u003eIn theory, Trump's push for broad recess appointment power could allow him to disregard the process entirely — meaning that any more than 1,200 positions requiring Senate confirmation could be filled without even an FBI background check or a confirmation hearing.\u003c/p\u003e\u003cp\u003e\"It's just been made so explicit and used as a strategy in and of itself that even though former presidents made recess appointments, they didn't say this part, and there wasn't widespread fear about what it means and why they are using it now,\" Casey Burgat, the director of the Legislative Affairs Program at George Washington University's Graduate School of Political Management told Business Insider.\u003c/p\u003e\u003cp\u003eLike Trump, Musk is a big believer in flexing the recess appointment power.\u003c/p\u003e\u003cp\u003eThe world's richest man recently wrote on X that without them, it would be \"impossible to enact the change demanded by the American people, which is utterly unacceptable.\"\u003c/p\u003e\u003cp\u003eSen. John Thune of South Dakota, who won the race to replace Sen. Mitch McConnell of Kentucky, has said \"all options are on the table, including recess appointments. On Thursday, Thune stressed that Trump may still encounter obstacles if he goes that route.\u003c/p\u003e\u003cp\u003e\"You have to have all Republicans vote to recess as well,\" Thune told Fox News host Bret Baier. \"The same Republicans that you mentioned that might have a problem voting for somebody under regular order might be the same Republicans that have a problem voting to put the Senate into recess.\"\u003c/p\u003e\u003ch2 id=\"9fdd85ec-762d-4f4e-9d55-9d0cd426582d\"\u003eWhy Trump wants this power.\u003c/h2\u003e\u003cp id=\"9fdd85ec-762d-4f4e-9d55-9d0cd426582d\"\u003eTrump could get his choices confirmed with just 50 votes, thanks to Vice President-elect JD Vance's tie-breaking power. With Republicans projected to hold 53 seats, Democrats can't stop a nomination on their own. But they can force Republicans to grind it out.\u003c/p\u003e\u003cp id=\"9fdd85ec-762d-4f4e-9d55-9d0cd426582d\"\u003eIn his push for recess appointment power, Trump argued it was about ensuring he could staff up in a timely manner.\u003c/p\u003e\u003cp\u003eAccording to the Center for Presidential Transition, it took President Trump twice as long on average to get his nominees approved during his first three years in office (115 days) than it did Ronald Reagan's presidency (56.4) days. Through late November 2023, it took President Biden roughly 109.6 days on average. The center also found that while the Senate filibuster is part of the reason for delays, even complete control of Congress hasn't sped things up.\u003c/p\u003e\u003cp\u003eNot everyone is convinced that time is Trump's sole motivation, particularly when many of his early selections illustrate how much he will elevate controversial choices like Gaetz and Kennedy.\u003c/p\u003e\u003cp\u003e\"From the president's perspective, I suppose he would see this as a shortcut to take his favorite list of appointees and put them in for temporary appointments,\" Sarah Binder, a senior fellow at Brookings, told Business Insider.\u003c/p\u003e\u003ch2 id=\"745efdee-399a-4d58-9336-c1b7209a287e\"\u003e\u003cstrong\u003eTrump can't flex this power by himself.\u003c/strong\u003e\u003c/h2\u003e\u003cp id=\"745efdee-399a-4d58-9336-c1b7209a287e\"\u003eAs Thune said, the Senate would need to vote on adjournment. The Constitution also requires the House to approve the Senate breaking for over three days. A 2014 Supreme Court decision held that the Senate would need to recess for at least 10 days.\u003c/p\u003e\u003cp id=\"745efdee-399a-4d58-9336-c1b7209a287e\"\u003e\u003cspan\u003eThere's even a way for Trump to avoid the House's need to sign off on a lengthy break. Under Article II of the Constitution, Trump has the power to force an adjournment if the House and Senate are divided on what to do.\u003c/span\u003e\u003c/p\u003e\u003cp id=\"745efdee-399a-4d58-9336-c1b7209a287e\"\u003eTime is the only true limit on recess appointments.\u003c/p\u003e\u003cp\u003eOfficials installed via recess appointment can only serve until Congress' next session. If Trump uses this power immediately upon taking office, officials or judges could only stay through the next Senate session, in January 2027.\u003c/p\u003e\u003cp\u003eOtherwise, there is virtually nothing Senate Democrats could do to stop the process. Adjournment votes can't be meaningfully filibustered.\u003c/p\u003e\u003ch2 id=\"b23bbc27-f0ff-4ab9-95b7-d757a9914d9d\"\u003e\u003cstrong\u003eRecess appointments were created for a bygone-era. \u003c/strong\u003e\u003c/h2\u003e\u003cp id=\"745efdee-399a-4d58-9336-c1b7209a287e\"\u003eBefore World War II, presidents needed recess appointment power because the US Senate was out of session more often than lawmakers were in the nation's capital. Presidents sometimes used their power to game the system, rushing nominees through who might have failed to get confirmed. In 2005, President George W. Bush bypassed the senate to appoint John Bolton as Ambassador to the United Nations over criticism from Senate Democrats.\u003c/p\u003e\u003cp\u003eIn recent years, senators, including Republicans, have tried to thwart presidents from using their recess appointment power by holding \"pro-forma\" sessions where even just one senator can briefly convene and conclude business within minutes.\u003c/p\u003e\u003ch2 id=\"c5b5cf7b-d42b-4d24-931f-6e4885ad0309\"\u003eNot everyone is convinced this power grab is wise.\u003c/h2\u003e\u003cp\u003eTrump's biggest defender thus far is former White House counsel Don McGahn. In a Wall Street Journal op-ed on Tuesday, McGahn said that Trump needs the power because the Senate is too slow.\u003c/p\u003e\u003cp\u003e\"Returning to the longstanding tradition of recess appointments would ensure that every elected president is able to staff the government with senior officials who share his policy vision,\" McGahn wrote.\u003c/p\u003e\u003cp\u003eSome conservatives are skeptical. Ed Whelan, president of the Ethics and Public Policy Center, a conservative think tank, strongly opposes the idea.\u003c/p\u003e\u003cp\u003e\"If you want to show that you're fundamentally hostile to the constitutional separation of powers, trying to do a blanket bypass of Senate's core advice-and-consent authority is a good way,\" Whelan wrote on X.\u003c/p\u003e\u003cp\u003eThe National Review wrote in a Wednesday editorial that Trump's request is \"wholly inappropriate within the American system of government and ought to be rejected with prejudice.\"\u003c/p\u003e\u003cp\u003eTrump may only be in power for four years, but the reality of Washington is that if he follows Musk's encouragement, he will set a standard Republicans will one day regret.\u003c/p\u003e\u003cp\u003e\"The Senate works on precedent, and so whatever happened last is going to be the default for how it should happen going forward,\" Burgat said, \"and so if we know anything about politics and power grabs they are really hard to claw back and the next guy is gonna use it.\"\u003c/p\u003e\u003cp\u003e\u003cbr /\u003e\u003c/p\u003e","synopsis":"Donald Trump is pushing Senate Republicans to give him more power to fill offices without Senate approval via recess appointments.","updatedTime":1731763014319,"insertedTime":1731754981000,"img_Path":"/thumb/msid-115362890,width-640,resizemode-4,imgsize-32070/why-trump-and-elon-musk-want-key-administration-officials-to-be-confirmed-without-a-floor-vote.jpg","url":"politics/world/news/why-trump-and-elon-musk-want-key-administration-officials-to-be-confirmed-without-a-floor-vote/articleshow/115362890.cms","slug":"politics/world/news/why-trump-and-elon-musk-want-key-administration-officials-to-be-confirmed-without-a-floor-vote","category":"Politics","article_type":"international"},{"title":"How Elon Musk's Department of Government Efficiency could actually work","msid":115362880,"readingTime":6,"authorDetail":[{"author_name":"Alice Tecotzky,Katie Balevic","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eThe Department of Government Efficiency wouldn't be a department, but an outside advisory group.\u003c/li\u003e\u003cli\u003eUnder current law, Congress needs to approve most budget changes, limiting the DOGE's power.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003ePresident-elect Donald Trump on Wednesday announced a new effort to slash what he sees as federal inefficiency, with Elon Musk as cost-cutter-in-chief.\u003c/p\u003e\u003cp\u003eTrump \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-trump-cabinet-election-x-2024-9\"\u003emade good on a campaign promise\u003c/a\u003e when he tapped Musk to co-lead the proposed \"Department of Government Efficiency,\" or DOGE, alongside former GOP presidential candidate Vivek Ramaswamy.\u003c/p\u003e\u003cp\u003eMusk says he wants to cut $2 trillion from the federal budget to make it more efficient and effective. Beyond that, though, little is known about how the DOGE will function and how much power it — \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/trump-adopts-elon-musk-plan-cut-government-spending-efficiency-reform-2024-9\"\u003eand Musk\u003c/a\u003e — will have.\u003c/p\u003e\u003cp\u003eMusk did not respond to Business Insider's request for comment for this article. A representative for Ramaswamy declined to comment.\u003c/p\u003e\u003ch2 id=\"2dc0c03e-9977-4403-9201-3d55e844524d\"\u003eWhat do we know about the DOGE?\u003c/h2\u003e\u003cp\u003eDespite its name, the DOGE will \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musks-doge-gets-a-government-checkmark-on-x-2024-11\"\u003enot actually be a government department\u003c/a\u003e, as departments are permanent and can only be created by Congress. Instead, it will function \"outside of the government\" and disband by July 4, 2026, Trump said in a statement.\u003c/p\u003e\u003cdiv type=\"image\" title=\"Trump and Musk at a rally\" height=\"2584\" width=\"4184\" msid=\"115360794\" hostid=\"261\" sizebytes=\"161264\"\u003e\u003c/div\u003e\u003cp\u003eThe name DOGE is an homage to Musk's preferred cryptocurrency, Dogecoin, which\u003cstrong\u003e \u003c/strong\u003eshot up in value after Trump won the election. Under current law, the DOGE might not be able to accomplish much, since Congress controls federal spending.\u003c/p\u003e\u003cp\u003e\"They have no power. No power at all,\" Elaine Kamarck, a senior fellow at the nonpartisan Brookings Institute who led efforts to reform the federal government under former President Bill Clinton, told Business Insider. \"They do make recommendations, and once they make recommendations, the expectation is that the government will act on them.\"\u003c/p\u003e\u003cp\u003eThere's no guarantee that a recommendation will turn into a policy, especially given that many of the DOGE's suggestions will likely require congressional approval, Kamarck said.\u003c/p\u003e\u003ch2 id=\"0f11a880-6c1f-4025-a722-a860ae33d16c\"\u003eThe DOGE's $2 trillion goal is something of a pipe dream.\u003c/h2\u003e\u003cp\u003eFederal spending \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11\"\u003ereached $6.75 trillion in 2024\u003c/a\u003e. Multiple experts told BI that it's unlikely Musk will be able to cut his desired $2 trillion without sacrificing programs that have wide bipartisan support or fall under federal mandatory spending, like Medicare and Social Security. Kamarck called the $2 trillion goal the \"most unrealistic\" part of the whole DOGE plan.\u003c/p\u003e\u003cp\u003eTrump has long been preoccupied with cutting what he sees as Washington's waste and fraud.\u003c/p\u003e\u003cp\u003e\"The Department of Government Efficiency (DOGE) will ultimately be staffed and dedicated to this mission,\" Brian Hughes, a spokesperson for Trump's transition team, told BI in a statement.\u003c/p\u003e\u003cp\u003eQuoting former Rep. Barney Frank, Kamarck said that excess federal spending is \"marbled\" \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-vivek-ramaswamy-doge-government-efficiency-what-us-spends-2024-11\"\u003ethroughout the budget\u003c/a\u003e, like fat throughout a steak, making the DOGE's desired $2 trillion in cuts tricky.\u003c/p\u003e\u003cp\u003e\"It just doesn't work, unless you decide to start cutting Social Security benefits or Medicare, at which point all hell breaks loose,\" she told BI. \"And you know, the bromance between Trump and Musk will end very quickly.\"\u003c/p\u003e\u003cp\u003eKnown for \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-efficiency-companies-tesla-spacex-x-2024-11\"\u003estreamlining efficiency at his companies\u003c/a\u003e, Musk says he wants to cut bureaucracy, shrink the federal workforce, and trim the number of federal agencies down to no more than 99 (there are currently \u003ca target=\"_blank\" href=\"https://www.federalregister.gov/agencies\"\u003emore than 440\u003c/a\u003e).\u003c/p\u003e\u003cp\u003eDouglas Holtz-Eakin, the former director of the Congressional Budget Office, told BI that he doubted that the loosely defined group would be able to accomplish much given its sprawling $2 trillion target.\u003c/p\u003e\u003cp\u003e\"It is hard for me to get seriously ginned up about it until there's a real structure there that suggests that this makes some sense and has a purpose,\" he said. \"If something is designed to do everything, it will do nothing.\"\u003c/p\u003e\u003ch2 id=\"6bcaf431-1be5-4839-9b83-d0f24a7146cf\"\u003eThe DOGE will exist \"outside of government.\"\u003c/h2\u003e\u003cp\u003eIn one scenario, the DOGE could function as an advisory committee, which Trump can create through an executive order. The president-elect said the DOGE will work with the Office of Management and Budget, which prepares the president's budget request for Congress.\u003c/p\u003e\u003cp\u003e\"They have made clear that this is a non-governmental department, which is not a familiar term, and so it's not really clear how the organization will operate because of that,\" Lisa Gilbert, co-president of the progressive nonprofit advocacy group Public Citizen, told BI. \"It might be an advisory committee of non-governmental actors, but even from that posture, it won't have the authority to alter budgets or fire employees or rescind regulations.\"\u003c/p\u003e\u003cdiv type=\"image\" title=\"Donald Trump and Elon Musk\" height=\"1910\" width=\"2707\" msid=\"115360796\" hostid=\"261\" sizebytes=\"118134\"\u003e\u003c/div\u003e\u003cp\u003eKamarck said that there are specific rules laying out how much interaction external committees can have with the government, but it's not clear how Trump, Musk, and Ramaswamy envision the \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-doge-hiring-staff-how-to-apply-2024-11\"\u003einternal infrastructure of the DOGE\u003c/a\u003e.\u003c/p\u003e\u003cp\u003e\"How are they going to talk to each other? How are they going to meet with each other? Are they going to go talk to anybody in the government, or are they just\u003cstrong\u003e \u003c/strong\u003egoing to make up things from 50 miles away?\" she said.\u003c/p\u003e\u003cp\u003eOn November 14, the DOGE \u003ca target=\"_blank\" href=\"https://x.com/DOGE/status/1857076831104434289\"\u003esaid in a post on X\u003c/a\u003e that it is seeking \"super high-IQ small-government revolutionaries willing to work 80+ per week on unglamorous cost-cutting.\" Musk said on his \u003ca target=\"_blank\" href=\"https://x.com/elonmusk/status/1857112441529700671\"\u003epersonal X account\u003c/a\u003e that the positions will not be paid.\u003c/p\u003e\u003ch2 id=\"4c25da3e-39de-44e2-a1c5-c7249f9fc728\"\u003eTrump has talked about changing a key law that limits his federal spending power.\u003c/h2\u003e\u003cp\u003eTrump, Musk, and Ramaswamy may try to circumvent the congressional obstacles standing in the way of their cost-cutting agenda. Last year, Trump expressed interest in going after the Impoundment Control Act, a 1974 provision that requires the president spend funds that Congress has appropriated.\u003c/p\u003e\u003cp\u003e\"Bringing back Impoundment will give us a crucial tool with which to obliterate the Deep State, Drain the Swamp, and starve the Warmongers,\" the president-elect \u003ca target=\"_blank\" href=\"https://www.donaldjtrump.com/agenda47/agenda47-using-impoundment-to-cut-waste-stop-inflation-and-crush-the-deep-state\"\u003esaid in a video\u003c/a\u003e in June 2023.\u003c/p\u003e\u003cp\u003eHoltz-Eakin said attempting to skirt the impoundment act would be like rewriting history, and Kamarck told BI that any attempt to not spend money that Congress has appropriated poses big Constitutional questions.\u003c/p\u003e\u003cp\u003e\"If he tries to change the law so that he can impound funds, my guess is there'll be a fight in the Congress and he'll lose,\" she said.\u003c/p\u003e\u003ch2 id=\"4956dc95-91da-4028-b1b3-d843a1509397\"\u003eMusk could bump up against many conflicts of interest but likely wouldn't have to divest from his companies.\u003c/h2\u003e\u003cp\u003eIf the DOGE is a federal advisory committee, Musk and Ramaswamy would likely be \"special government employees,\" who are experts or consultants that can work for a federal agency or the White House for up to 130 days. They do not get paid and, crucially, would not have to divest from their companies.\u003c/p\u003e\u003cp\u003e\"They've been clear also that they're staying in their roles as the heads of companies and in other places,\" Gilbert said. \"Not being a part of government means they don't have to deconflict themselves.\"\u003c/p\u003e\u003cp\u003eIn a press release for Public Citizen, Gilbert said that Musk's \"own businesses have regularly run afoul of the very rules he will be in position to attack\" as the DOGE co-lead.\u003c/p\u003e\u003cdiv type=\"image\" title=\"Donald Trump and Vivek Ramaswamy\" height=\"5504\" width=\"8256\" msid=\"115360795\" hostid=\"261\" sizebytes=\"4296554\"\u003e\u003c/div\u003e\u003cp\u003eIn the role, Musk and Ramaswamy would still be bound to federal ethics laws and have to recuse themselves from conversations that affect them personally, \u003ca target=\"_blank\" href=\"https://www.bloomberg.com/news/articles/2024-11-14/doge-what-can-musk-do-with-the-department-of-government-efficiency?srnd=homepage-americas\"\u003eBloomberg\u003c/a\u003e reported. With his companies under investigation from at least 20 federal regulatory agencies and SpaceX having more than $15 billion in federal contracts, Musk could face many such conflicts.\u003c/p\u003e\u003cp\u003eKamarck said that there's no \"firm line\" about when employees need to take themselves out of discussions, but that lawyers address questions on a case-by-case basis.\u003c/p\u003e\u003cp\u003eMusk has expressed public frustration with what he views as overbearing federal oversight, which he said has \u003ca target=\"_blank\" href=\"https://www.nytimes.com/2024/11/12/us/politics/elon-musk-vivek-ramaswamy-trump.html\"\u003eslowed down his pace of business\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eBy law, meetings of advisory committees, like the kind the DOGE could be, need to be open, and Musk has no problem with the \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-doge-leaderboard-federal-government-spending-trump-2024-11\"\u003etransparency\u003c/a\u003e — in fact, he seems to invite it. In a post on X, the billionaire promised to post all of the group's actions online \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-leaderboard-government-spending-marketing-genius-doge-donald-trump-2024-11\"\u003e\"for maximum transparency\u003c/a\u003e\" and said the public should chime in with their opinions.\u003c/p\u003e\u003cp\u003eIt's also possible the group might intentionally avoid becoming a federal committee because of the increased oversight and scrutiny, Holtz-Eakin said.\u003c/p\u003e\u003cp\u003e\"It's not a federal committee as far as I can tell,\u003cem\u003e\" \u003c/em\u003ehe said. \"I think that's deliberate. If you do that, then you're subject to lots of things like a conflict of interest you have to sign off on, and I think that would be a nightmare for Mr. Musk. And so they're not going to let it tiptoe toward federal jurisdiction.\"\u003c/p\u003e\u003cp\u003eUntil Trump actually forms the DOGE, if he ever does, the legal and bureaucratic details remain murky, and the experts BI spoke with aren't convinced that it will work well.\u003c/p\u003e\u003cp\u003e\"It sounds a little screwy, frankly,\" Kamarck said.\u003c/p\u003e","synopsis":"The department wouldn't be a department at all, but an outside group that can likely only make suggestions — unless Trump tries to axe current laws.","updatedTime":1731762899658,"insertedTime":1731753421000,"img_Path":"/thumb/msid-115362880,width-640,resizemode-4,imgsize-139144/how-elon-musks-department-of-government-efficiency-could-actually-work.jpg","url":"politics/world/news/how-elon-musks-department-of-government-efficiency-could-actually-work/articleshow/115362880.cms","slug":"politics/world/news/how-elon-musks-department-of-government-efficiency-could-actually-work","category":"Politics","article_type":"international"},{"title":"This is the anti-ESG venture capital firm that Donald Trump Jr. is joining instead of taking a White House role","msid":115361661,"readingTime":3,"authorDetail":[{"author_name":"Grace Eliza Goodwin","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital.\u003c/li\u003e\u003cli\u003eThe firm, co-founded by Omeed Malik, funds conservative causes like Tucker Carlson's media venture.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eThe venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls \"EIG,\" or entrepreneurship, innovation, and growth.\u003c/p\u003e\u003cp\u003eThe Palm Beach, Florida-based firm, called 1789 Capital — the US constitution went into effect that year — has invested in Tucker Carlson's new conservative media venture, Substack, and BlinkRx, a prescription startup.\u003c/p\u003e\u003cp\u003eThe president-elect's eldest son — who had an \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-family-then-and-now-photos-2024-11\"\u003eactive role in Donald Trump's presidential campaign\u003c/a\u003e and is now on his transition team — told a group of supporters at a conference earlier this week that he would be joining 1789 as a partner, \u003ca target=\"_blank\" class=\"\" href=\"https://www.nytimes.com/2024/11/11/us/donald-trump-jr-firm.html\"\u003eThe New York Times first reported\u003c/a\u003e. Several people with knowledge of the matter also told \u003ca target=\"_blank\" class=\"\" href=\"https://www.bloomberg.com/news/articles/2024-11-12/don-trump-jr-opts-out-of-white-house-to-join-1789-capital?cmpid=BBD111224_MKTDLY\u0026amp;utm_medium=email\u0026amp;utm_source=newsletter\u0026amp;utm_term=241112\u0026amp;utm_campaign=marketsdaily\u0026amp;embedded-checkout=true\"\u003eBloomberg\u003c/a\u003e of Trump Jr.'s plans.\u003c/p\u003e\u003cp\u003eThe firm was co-founded in 2022 by Omeed Malik — a former Bank of America executive who also founded boutique investment bank Farvahar Partners — alongside author and investor Christopher Buskirk.\u003c/p\u003e\u003cp\u003eMalik, who once \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-guilty-verdict-donors-backing-conviction-2024-5\"\u003eco-hosted a Trump fundraiser that raised more than $10 million\u003c/a\u003e, serves as the firm's president and Buskirk as its chief investment officer, according to its website. Both Buskirk and \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/wall-street-political-contributions-by-name-for-trump-vs-harris-2024-8#omeed-malik-10\"\u003eMalik donated to Trump's\u003c/a\u003e 2024 presidential campaign, the Republican National Committee, as well as to other conservative causes and candidates, according to political donation \u003ca target=\"_blank\" class=\"\" href=\"https://www.opensecrets.org/donor-lookup/results?name=omeed+malik\u0026amp;order=desc\u0026amp;sort=D\"\u003erecords\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eThe firm \u003ca target=\"_blank\" class=\"\" href=\"https://www.1789capital.io/\"\u003ebills itself\u003c/a\u003e as \"anti-ESG\" — an acronym for companies that say they commit to certain environmental, social justice, and corporate governance-focused principles. One of 1789's areas of interest is in companies or industries that have faced negative effects of ESG, its website says. It also focuses on what it calls deglobalization, building out an economy that is parallel to the traditional one, and disrupting industries it deems weighed down by excessive bureaucracy. \u003c/p\u003e\u003cp\u003eLike 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the \"patriot economy,\" a term used by MAGA conservatives to refer to businesses that align with their traditional values.\u003c/p\u003e\u003cp\u003eAnd Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare.\u003c/p\u003e\u003cp\u003eBoth \u003ca target=\"_blank\" class=\"\" href=\"https://time.com/6317479/bud-light-boycott-maga-economy-donald-trump-jr/\"\u003eMalik\u003c/a\u003e and \u003ca target=\"_blank\" class=\"\" href=\"https://www.msnbc.com/opinion/msnbc-opinion/maga-amazon-alternative-publicsquare-rcna127418\"\u003eTrump Jr.\u003c/a\u003e have been investors in and \u003ca target=\"_blank\" class=\"\" href=\"https://www.publicsquare.com/events/town-hall\"\u003evocal supporters\u003c/a\u003e of PublicSquare, an online shopping marketplace similar to Amazon that \u003ca target=\"_blank\" class=\"\" href=\"https://investors.publicsq.com/overview/default.aspx#:~:text=Corporate%20Overview,both%20consumers%20and%20business%20owners.\"\u003ebills itself as a place to connect\u003c/a\u003e Americans to \"businesses that value life, family, and freedom.\" In order to use the platform, businesses have to commit to \u003ca target=\"_blank\" class=\"\" href=\"https://support.publicsquare.com/en/articles/6746843-what-values-do-the-businesses-on-publicsquare-have-to-share\"\u003ePublicSquare's core values\u003c/a\u003e, which include the \"sanctity of every life,\" \"the family unit,\" \"freedom and truth,\" and adherence to the US Constitution.\u003c/p\u003e\u003cp\u003eMalik and Trump Jr. together rang the New York Stock Exchange's ceremonial opening bell on the day the company went public in 2023, \u003ca target=\"_blank\" class=\"\" href=\"https://time.com/6317479/bud-light-boycott-maga-economy-donald-trump-jr/\"\u003eTime Magazine reported\u003c/a\u003e at the time. Malik didn't return a request for comment from BI.\u003c/p\u003e\u003cp\u003eAs for 1789 Capital's own investments, the firm has contributed $15 million to the Tucker Carlson Network, the conservative commentator and former \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/tucker-carlson-raise-millions-new-media-company-neil-patel-report-2023-7\"\u003eFox News host's new media venture\u003c/a\u003e, according to VC database PitchBook.\u003c/p\u003e\u003cp\u003eOn its website, the firm doesn't tout its specific investments but does offer a broad list of industries it's interested in, including consumer, fintech, healthcare, B2B SaaS, tech-enabled services, software, infrastructure, energy, and special situations.\u003c/p\u003e\u003cp\u003eRepresentatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI. Buskirk also didn't respond to requests for comment from BI, nor did the company's chief operating officer, Jordan Cohen.\u003c/p\u003e","synopsis":"Donald Trump Jr. will join Florida-based 1789 Capital, a VC firm that says it backs companies harmed by ESG. He won't have a White House role.","updatedTime":1731759918108,"insertedTime":1731752221000,"img_Path":"/thumb/msid-115361661,width-640,resizemode-4,imgsize-3356000/this-is-the-anti-esg-venture-capital-firm-that-donald-trump-jr-is-joining-instead-of-taking-a-white-house-role.jpg","url":"politics/world/news/this-is-the-anti-esg-venture-capital-firm-that-donald-trump-jr-is-joining-instead-of-taking-a-white-house-role/articleshow/115361661.cms","slug":"politics/world/news/this-is-the-anti-esg-venture-capital-firm-that-donald-trump-jr-is-joining-instead-of-taking-a-white-house-role","category":"Politics","article_type":"international"},{"title":"Turns out America elected Elon Musk, too","msid":115360536,"readingTime":4,"authorDetail":[{"author_name":"Peter Kafka","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk\"\u003eElon Musk\u003c/a\u003e wasn't a public Trump backer until this summer. Then he went all-in.\u003c/li\u003e\u003cli\u003eNow that Trump has won, Musk is seemingly attached to him — in public and behind the scenes.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eAmerican voters re-elected Donald Trump this month. At the moment, it also looks like they've elected Elon Musk.\u003c/p\u003e\u003cp\u003eThat's because the world's richest man, having endorsed Trump, campaigned for him, and pumped a reported \u003ca target=\"_blank\" href=\"https://apnews.com/article/elon-musk-america-pac-trump-d248547966bf9c6daf6f5d332bc4be66\"\u003e$200 million into Trump's campaign\u003c/a\u003e, now seems to be acting like a shadow president.\u003c/p\u003e\u003cp\u003eYes, there's \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11\"\u003ehis upcoming role running the \"Department of Government Efficiency\" for Trump\u003c/a\u003e, alongside former presidential candidate Vivek Ramaswamy. And Musk is relentlessly promoting Trump on Twitter, the site he bought in 2022 and renamed X.\u003c/p\u003e\u003cp\u003eBut that's just the beginning: Since Trump's election, Musk has joined \"almost every meeting and many meals that Mr. Trump has had,\" \u003ca target=\"_blank\" href=\"https://www.nytimes.com/2024/11/13/us/politics/musk-trump-transition-mar-a-lago.html\"\u003eThe New York Times reports\u003c/a\u003e, and is offering advice about policies and personnel. He is promising to direct his \u003ca target=\"_blank\" href=\"https://www.washingtonpost.com/technology/2024/11/06/elon-musk-trump-victory/\"\u003eAmerica political action committee to support Trump allies in midterm elections in 2026\u003c/a\u003e and in elections after that.\u003c/p\u003e\u003cp\u003e\u003ca target=\"_blank\" href=\"https://www.wsj.com/world/russia/musk-putin-secret-conversations-37e1c187\"\u003eMusk, who The Wall Street Journal says has been in \"regular contact\" with Russian President Vladimir Putin since 2022\u003c/a\u003e, is now joining Trump on calls with world leaders, including one with Ukraine's Volodymyr Zelenskyy. And the Times reports that earlier this week \u003ca target=\"_blank\" href=\"https://www.nytimes.com/2024/11/14/world/middleeast/elon-musk-iran-trump.html\"\u003eMusk met with Iran's ambassador to the United Nations\u003c/a\u003e — allowing Iran to open a diplomatic channel to Trump without formally sitting down with him.\u003c/p\u003e\u003cp\u003eAnd much of this is happening in the open, as Musk parks himself at Mar-a-Lago, Trump's Florida country club.\u003c/p\u003e\u003cp\u003e\"He likes this place. I can't get him out of here. He just likes the place,\" Trump joked in a speech Thursday night. \"And you know what, I like having him here too. He's good. He's done a fantastic job.\"\u003c/p\u003e\u003cp\u003eWe don't know how long this relationship will last — more on that later. But as long as it does, it is worth noting that this tie-up between the richest man in the world and the leader of the free world is something we've never seen before.\u003c/p\u003e\u003cp\u003e\"It's totally extraordinary. It's never happened before. We've never even come close to it,\" says David Nasaw, a professor of history at the City University of New York Graduate Center.\u003c/p\u003e\u003cp\u003eNasaw, who has written biographies of tycoons like \u003ca target=\"_blank\" href=\"https://affiliate.insider.com?h=47aa4c3cd325005a6d607d1fc40f4a236a70f8f0a08e77c8888d516a79e4ad78\u0026amp;postID=6737cff9d4b5ffeb6fd9bb41\u0026amp;postSlug=elon-musk-donald-trump-elected-shadow-president-2024-11\u0026amp;site=bi\u0026amp;u=https%3A%2F%2Fwww.amazon.com%2FChief-Life-William-Randolph-Hearst%2Fdp%2F0618154469\"\u003eWilliam Randolph Hearst\u003c/a\u003e and \u003ca target=\"_blank\" href=\"https://affiliate.insider.com?h=7d6110d37c29aec54eec7f8536f4d61f569c7cc130e8a28a8174d1eecb1810a6\u0026amp;postID=6737cff9d4b5ffeb6fd9bb41\u0026amp;postSlug=elon-musk-donald-trump-elected-shadow-president-2024-11\u0026amp;site=bi\u0026amp;u=https%3A%2F%2Fwww.amazon.com%2FAndrew-Carnegie-David-Nasaw%2Fdp%2F0143112449%23%3A~%3Atext%3DA%2520fascinating%2520biography%2520of%2520the%2Cfinally%2520to%2520international%2520peace%2520advocate.\"\u003eAndrew Carnegie\u003c/a\u003e — who was the world's richest man in his lifetime — notes that it's standard for very wealthy men to try to influence government. What's different here is how close Musk is to Trump — literally — and how public it is.\u003c/p\u003e\u003cp\u003e\"In the past, the oligarchs, having elected their candidate, assumed - rightly — that their candidate was going to do the job,\" he tells me. \"Then, having done that, if they had advice to offer, they would do that using \u003ca target=\"_blank\" href=\"https://en.wikipedia.org/wiki/Cutout_(espionage)#:~:text=In%20espionage%20parlance%2C%20a%20cutout,exchange%20of%20information%20between%20agents.\"\u003ecutouts\u003c/a\u003e, who would get in touch with the president. Musk has inserted himself in a way that just hasn't been done.\"\u003c/p\u003e\u003cp\u003eThis is a relationship that fired up quite recently. While Musk and Trump's politics have seemed aligned for some time — \u003ca target=\"_blank\" href=\"https://x.com/elonmusk/status/1707565081750290910\"\u003ehere's Musk in the fall of 2023, visiting the Texas/Mexico border\u003c/a\u003e, where he described an immigration crisis he called \"insane\" — they weren't publicly linked up until this summer.\u003c/p\u003e\u003cp\u003eIn March, after reports that Trump had met with Musk in Florida, \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-trump-donation-super-pac-report-2024-7\"\u003eMusk insisted he wasn't backing his campaign\u003c/a\u003e: \"Just to be super clear, I am not donating money to either candidate for US President,\" he tweeted.\u003c/p\u003e\u003cp\u003eWithin a few months of that statement, Musk had formally endorsed Trump, campaigned for him at rallies, and took charge of Trump's get-out-the-vote efforts.\u003c/p\u003e\u003cp\u003eBut Trump didn't spend much time talking about Musk's role in his second presidency during the election. \u003ca target=\"_blank\" href=\"https://www.nytimes.com/2024/09/05/us/politics/trump-elon-musk-efficiency-commission.html\"\u003eHe first floated the idea of having Musk run a government efficiency office in early September\u003c/a\u003e, but it wasn't a focus of his rallies and pitches.\u003c/p\u003e\u003cp\u003eMusk's name never surfaced once during \u003ca target=\"_blank\" href=\"https://abcnews.go.com/Politics/harris-trump-presidential-debate-transcript/story?id=113560542\"\u003eTrump's debate with Kamala Harris\u003c/a\u003e in September, or the \u003ca target=\"_blank\" href=\"https://www.cbsnews.com/news/full-vp-debate-transcript-walz-vance-2024/\"\u003eJD Vance-Tim Walz debate\u003c/a\u003e in October. If you were paying attention, you might have noticed that Musk was one the last speakers to appear before Trump at his Madison Square Garden rally in late October — a sign of his importance to Trump.\u003c/p\u003e\u003cp\u003eBut that's a lot different from telling people that if he were re-elected, he would be relying on Musk to help plot his administration, and to represent the country on an international stage.\u003c/p\u003e\u003cp\u003eNext question: How long will this continue? On the one hand, both Trump and Musk have big incentives to continue their partnership. Trump values Musk's money, and his intelligence, and he likes the idea of being endorsed by the world's richest man; Musk likes adulation too, plus he has \u003ca target=\"_blank\" rel=\"noopener noreferrer\" class=\"c-link c-link--underline\" href=\"https://www.nytimes.com/2024/10/20/us/politics/elon-musk-federal-agencies-contracts.html\"\u003e\u003cu\u003every concrete and lucrative connections to the US government via his network of companies\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eOn the other hand, both men are famously short-fused, and both men — I've emailed Musk and a Trump spokesman, but haven't heard back — adore the spotlight. And that combination makes it easy to imagine a break-up down the line.\u003c/p\u003e\u003cp\u003eIt's also possible that Trump will find that Musk's advice and consent simply won't be as valuable to him over time. Perhaps he may notice that while Musk has been extraordinary at building companies that require an engineering brain — Tesla and SpaceX — he has faltered at Twitter, a product that requires \"a different type of social-emotional intelligence,\" as his \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/esther-crawford-twitter-video-about-working-with-elon-musk-2023-7\"\u003eformer employee Esther Crawford noted\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eAnd Nasaw points out that both Carnegie, who helped elect Theodore Roosevelt, and Hearst, who helped elect Franklin Roosevelt, expected to be rewarded once their candidates won — but \u003ca target=\"_blank\" href=\"https://www.nytimes.com/2024/11/11/opinion/elon-musk-trump-election.html\"\u003ewere basically ignored\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eMaybe we'll see a repeat of that. Except that by tying himself directly to the next president, in full view of everyone, Musk has already shown that history doesn't repeat precisely. We're in uncharted waters here.\u003c/p\u003e","synopsis":"US voters re-elected Donald Trump. At the moment, it looks like they also elected Elon Musk. He's acting like a shadow president, Peter Kafka writes.","updatedTime":1731756872813,"insertedTime":1731747662000,"img_Path":"/thumb/msid-115360536,width-640,resizemode-4,imgsize-159876/turns-out-america-elected-elon-musk-too.jpg","url":"politics/world/news/turns-out-america-elected-elon-musk-too/articleshow/115360536.cms","slug":"politics/world/news/turns-out-america-elected-elon-musk-too","category":"Politics","article_type":"international"},{"title":"Before politics, JD Vance had a career in venture capital. Here are the startups he's invested in.","msid":115359234,"readingTime":4,"authorDetail":[{"author_name":"Madeline Berg,Brent D. Griffiths","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eBefore he was the vice president-elect or a senator, \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-vice-president-jd-vance-career-facts-2024-7\"\u003eJD Vance\u003c/a\u003e was a venture capitalist.\u003c/li\u003e\u003cli\u003eHe maintains ownership stakes in several funds, according to his disclosure forms.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/election-results-congress-historic-firsts-2024-11\"\u003eJD Vance\u003c/a\u003e is a man of many careers: attorney, author, senator, vice president-elect, and, perhaps less well-known, venture capitalist.\u003c/p\u003e\u003cp\u003eFor about six years between graduating from law school and becoming a United States senator from Ohio, Vance held various positions in the space before eventually starting his own fund, Narya Capital.\u003c/p\u003e\u003cp\u003eOver his career, Vance has been involved in investments across a broad range of business areas. Through Narya, he continues to hold a portfolio of investments in several startups, though he gave up his role as a partner there in 2022 and doesn't actively run or advise any of the companies.\u003c/p\u003e\u003ch2 id=\"4b0a6db6-89d6-4a96-93e8-e561475e4b10\"\u003eVance's early VC career\u003c/h2\u003e\u003cp\u003eAfter a brief stint at a now-defunct biotech startup, Vance got a job at his benefactor \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/peter-thiel\"\u003ePeter Thiel's\u003c/a\u003e venture fund Mithril Capital.\u003c/p\u003e\u003cp\u003eHe went on to work as a managing partner at \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/rise-of-the-rest-steve-case-jd-vance-2018-1\"\u003eRise of the Rest\u003c/a\u003e, part of Steve Case's Revolution venture firm. The fund's mission is to invest in companies outside major tech hubs — New York, Silicon Valley, Boston — and Vance, whose outsider persona was cemented by his memoir \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/jd-vance-hillbilly-elegy-transformation-trump-vice-president-2024-7\"\u003e\"Hillbilly Elegy\"\u003c/a\u003e, was \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/jd-vance-venture-capital-opioid-nonprofit-tech-record-ohio-senate-2021-8\"\u003eseen as a perfect fit for the fund\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eVance was active in a number of deals for the firm, including leading investments in storage-sharing startup Neighbor, agtech company AppHarvest, and AI outfit Pryon, Rise of the Rest confirmed.\u003c/p\u003e\u003ch2 id=\"114f37cf-0035-49cd-8b40-1bd02d5bdb6c\"\u003eVance co-founded Narya Capital in 2019\u003c/h2\u003e\u003cp\u003eAfter two years, Vance broke out on his own, cofounding \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/hillbilly-elegy-jd-vance-launches-vc-fund-backed-by-thiel-2020-1\"\u003eNarya Capital\u003c/a\u003e in 2019 with investments from Thiel, former Google CEO Eric Schmidt, and VC veteran Marc Andreessen.\u003c/p\u003e\u003cp\u003eVance still owns pieces of the funds that he helped advise. According to his vice president and senate disclosure forms, he has a stake in Narya Capital Fund I, Narya Capital Fund II, and Rise of the Rest Seed Fund.\u003c/p\u003e\u003cp\u003eHis stake in Narya Capital Fund I is worth between $500,001 and $1 million. His holdings through Narya's Capital Fund II and the Rise of the Rest's Seed Fund are smaller, worth as much as $15,000 and $250,000, respectively, according to his disclosure forms.\u003c/p\u003e\u003cp\u003eThrough all three funds, he holds a portfolio of investments in dozens of startups. He doesn't actively run or advise any of the companies, and gave up his role as a partner in Narya in December 2022 after winning his senate seat, according to disclosure forms.\u003c/p\u003e\u003cp\u003eIt's not entirely clear which Rise of the Rest companies Vance has a stake in. The fund has two $150 million investment vehicles and did not disclose which portfolio companies are in which fund.\u003c/p\u003e\u003cp\u003eNarya, meanwhile, has only completed one fundraise so far — its $120 million Fund I. The fund has a dozen active investments, according to its website, and because Vance has a stake in the fund, he technically owns a stake in each.\u003c/p\u003e\u003cp\u003eThe companies vary in their mission: One is a gene therapy company founded by Vivek Ramaswamy's brother, while another is a Catholic meditation and prayer app. Thiel, one of Vance's mentors, is listed as a separate investor in many of the companies, per PitchBook.\u003c/p\u003e\u003cp\u003eSome are the type of companies that could work with the government.\u003c/p\u003e\u003cp\u003eTrue Anomaly, an aerospace company for which Narya participated in two rounds of funding, \u003ca target=\"_blank\" class=\"\" href=\"https://www.trueanomaly.space/newsroom/true-anomaly-selected-for-30m-space-systems-command-contract-in-support-of-victus-haze-tactically-responsive-space-mission\"\u003ewon a $30 million government contract\u003c/a\u003e from the US Space Force in April. ValueBase, a property valuation software, lists local governments among its customer base on its website.\u003c/p\u003e\u003cp\u003eNayra has had two exits: \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/what-is-rumble-conservative-video-youtube-competitor-joe-rogan-2022-2\"\u003eRumble\u003c/a\u003e, the conservative-leaning social video platform that went public in 2022, and AppHarvest, which went public in 2021.\u003c/p\u003e\u003cp\u003eCriminal conflict of interest laws do not apply to the president and vice president.\u003c/p\u003e\u003cp\u003eLuke Schroeder, a spokesperson for the vice president-elect, said that Vance has complied with all required disclosures and is not directly involved in the funds.\u003c/p\u003e\u003ch2 id=\"883278a9-d442-4e81-aeb4-b282861515b7\"\u003eHere are Narya's current portfolio companies\u003c/h2\u003e\u003cp\u003eDeal details, unless noted with a comment from the company, come from PitchBook.\u003c/p\u003e\u003ctable style=\"width: 652px\"\u003e\u003c/colgroup\u003e\u003c/colgroup\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003eCompany\u003c/td\u003e\u003ctd\u003eIndustry\u003c/td\u003e\u003ctd\u003eDeal Description\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eAcreTrader\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eFarmland investment\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya contributed to AcreTrader's $12 million Series B round in 2021.\u003cbr /\u003e\u003cbr /\u003e\"Senator Vance has no involvement in AcreTrader's operations or strategic direction,\" the company said.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eAmplifyBio\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eBiotech\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya took part in the company's $200 million, early-stage investment round in 2021.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eAtomic Industries\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eManufacturing\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eIn 2023, Narya contributed to a $16.5 million early-stage round.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eBranch\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eInsurance\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya took part in Branch's 2022 $147 million Series C. During his time at Rise of the Rest, Vance led an investment in Branch.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eChapter\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eMedicare advisory\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya contributed to three of Chapter's fundraising rounds: A 2021 $17 million Series A round, 2022 $42 million Series B round, and 2024 $50 million Series C round. Peter Thiel is also an investor in Chapter.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eHallow\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eReligion\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya invested in Hallow's 2021 $40 million Series B round.\"We worked with another partner at the fund on the investment - not with JD at all,\" Alex Jones, Hallow's CEO, told BI. Thiel is also an investor in Hallow.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eKriya Therapeutics\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eGene therapy\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya contributed to three of Kriya's funding rounds, including a $87.6 million Series A in 2020, $100 million Series B in 2021, and $430 million Series C in 2023. Kriya Therapeutics is founded by Shankar Ramaswamy, the brother of Vivek Ramaswamy.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eRealm Alliance\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eSecurity services\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eEarlier this year, Narya took part in Realm Alliance's seed round.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eStrive\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eAsset Management\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya invested in Strive's $20 million seed round in 2022 and $30 million Series B earlier this year. Thiel is also an investor in Strive.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eTrue Anomaly\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eSpace\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya contributed to True Anomaly's $100 million Series B in 2023 and $17 million Series A in 2022. The company won a contract from the US government earlier this year.\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eValueBase\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eProperty valuation\u003c/td\u003e\u003ctd colspan=\"1\" rowspan=\"1\"\u003eNarya took part in ValueBase's $6.3 million seed round earlier this year.\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e","synopsis":"Before politics, JD Vance was a venture capitalist. Among other companies, his fund Narya invested in one founded by Vivek Ramaswamy's brother.","updatedTime":1731753242536,"insertedTime":1731745982000,"img_Path":"/thumb/msid-115359234,width-640,resizemode-4,imgsize-315558/before-politics-jd-vance-had-a-career-in-venture-capital-here-are-the-startups-hes-invested-in-.jpg","url":"politics/world/news/before-politics-jd-vance-had-a-career-in-venture-capital-here-are-the-startups-hes-invested-in-/articleshow/115359234.cms","slug":"politics/world/news/before-politics-jd-vance-had-a-career-in-venture-capital-here-are-the-startups-hes-invested-in-","category":"Politics","article_type":"international"},{"title":"Behind The Onion's bid for Alex Jones's Infowars — which is now on hold as a judge reviews it","msid":115351155,"readingTime":2,"authorDetail":[{"author_name":"Geoff Weiss","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eThe Onion's bid for Infowars came together with help from Sandy Hook families.\u003c/li\u003e\u003cli\u003eThe deal is now on hold after a bankruptcy judge expressed concerns about the auction.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eOn the surface, \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/the-onion-buys-alex-joness-infowars-2024-11\"\u003eThe Onion's announcement that it had purchased Alex Jones's Infowars\u003c/a\u003e at auction on Thursday may have sounded like a bizarre joke.\u003c/p\u003e\u003cp\u003eBut behind the scenes, the bid came together through strategic coordination — with the support of Sandy Hook families and a nonprofit that is backed by Michael Bloomberg.\u003c/p\u003e\u003cp\u003eBen Collins, CEO of The Onion, \u003ca target=\"_blank\" href=\"https://www.yahoo.com/news/ceo-onion-parent-company-speaks-210055221.html\"\u003etold Yahoo\u003c/a\u003e that he knew some of the lawyers representing Sandy Hook families from his former days as a disinformation reporter at NBC. He said they were key to the deal.\u003c/p\u003e\u003cp\u003e\"The families decided they would effectively join our bid,\" Collins told Yahoo, \"to try to get this over the finish line because by the end of the day, it was us or Alex Jones.\"\u003c/p\u003e\u003cp\u003eStill, the purchase apparently isn't set in stone, if Jones — who'd hoped one of his allies would purchase the site — has anything to say about it.\u003c/p\u003e\u003cp\u003eThe designated backup bidder, First United American Companies — which operates Jones's online supplement shop — requested a hearing in Texas bankruptcy court to \"address the apparent defects in the sale process, including changing the procedures, lack of transparency, and inaccurate disclosures to interested bidders,\" according to a court filing.\u003c/p\u003e\u003cp\u003eAt a hearing Thursday, Judge Christopher Lopez of the Southern District of Texas's US Bankruptcy Court, expressed concern that offers weren't shared between rival bidders, \u003ca target=\"_blank\" href=\"https://www.bloomberg.com/news/articles/2024-11-14/angry-judge-questions-transparency-of-onion-bid-for-infowars?embedded-checkout=true\u0026amp;sref=MTy2GeXk\"\u003eBloomberg News reported\u003c/a\u003e. Another hearing is set for next week.\u003c/p\u003e\u003cp\u003e\"Nobody should feel comfortable with the results of the auction,\" Lopez said.\u003c/p\u003e\u003cp\u003eThe Onion, a lawyer for First United, and lawyers for the trustee responsible for liquidating Jones's assets didn't respond to Business Insider's requests for comment.\u003c/p\u003e\u003cp\u003e\"The sale is currently underway, pending standard processes,\" Collins \u003ca target=\"_blank\" class=\"\" href=\"https://variety.com/2024/digital/news/judge-onion-infowars-hearing-review-auction-1236211183/\"\u003etold Variety\u003c/a\u003e Friday in a statement.\u003c/p\u003e\u003cp\u003eIn addition to support from the Sandy Hook families, The Onion is also working with Everytown for Gun Safety — an anti-gun-violence nonprofit founded in the wake of the Sandy Hook massacre. Everytown, which is backed by \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/mike-bloomberg-spend-more-than-50-million-on-gun-control-group-2014-4\"\u003ebacked by billionaire Michael Bloomberg\u003c/a\u003e, is supporting the reimagined Infowars in a multi-year advertising deal.\u003c/p\u003e\u003cp\u003e\"They've long loved The Onion,\" Collins told Yahoo, nodding to \u003ca target=\"_blank\" class=\"\" href=\"https://theonion.com/no-way-to-prevent-this-says-only-nation-where-this-r-1819576527/\"\u003ea headline\u003c/a\u003e the outlet publishes verbatim every time there's a mass shooting.\u003c/p\u003e\u003cp\u003eAnd while many might consider The Onion, Everytown, and Infowars \"strange bedfellows,\" Everytown President John Feinblatt told ABC News there's actually \"perfect synergy\" given how The Onion has advocated against gun violence over the years, citing its unique ability to \"cut through misinformation\" using humor.\u003c/p\u003e\u003cp\u003eCollins told ABC News that The Onion would own everything from Jones's broadcasting equipment to his supplement business.\u003c/p\u003e\u003cp\u003eOn the content front, a new website would exist separately from The Onion. \"We'll start building a whole new world there,\" Collins told ABC News, adding it would parody \"alt-media people who've gone unmocked for too long.\"\u003c/p\u003e\u003cp\u003eNeither Everytown nor Bloomberg Philanthropies immediately responded to requests for comment from Business Insider.\u003c/p\u003e\u003cp\u003eVariety also reported that at the Thursday hearing, lawyers for Elon Musk's X appeared to reserve ownership of Jones's personal X account.\u003c/p\u003e\u003cp\u003eX's counsel did not immediately respond to a request for comment from Business Insider.\u003c/p\u003e\u003cp\u003eThe auction \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/alex-jones-infowars-free-speech-systems-auction-sandy-hook-bankruptcy-2024-9\"\u003eis underway\u003c/a\u003e because Jones was ordered to pay Sandy Hook families a collective $1.5 billion after losing a defamation suit for repeatedly referring to the deadly school shooting as a hoax.\u003c/p\u003e\u003cp\u003eJones and Infowars' parent company Free Speech Systems filed for bankruptcy in 2022, and its assets are being liquidated.\u003c/p\u003e","synopsis":"The Onion's bid for Alex Jones's Infowars came together with help from Sandy Hook families. It's paused after a bankruptcy judge expressed concerns.","updatedTime":1731730725029,"insertedTime":1731723925000,"img_Path":"/thumb/msid-115351155,width-640,resizemode-4,imgsize-1152778/behind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it.jpg","url":"politics/world/news/behind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it/articleshow/115351155.cms","slug":"politics/world/news/behind-the-onions-bid-for-alex-joness-infowars-which-is-now-on-hold-as-a-judge-reviews-it","category":"Politics","article_type":"international"},{"title":"Elon Musk's DOGE is looking for people to help cut government spending. But is he offering a real job? And is it paid?","msid":115347593,"readingTime":2,"authorDetail":[{"author_name":"Grace Eliza Goodwin","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk\"\u003eElon Musk's\u003c/a\u003e Department of Government Efficiency is looking for people to join the effort.\u003c/li\u003e\u003cli\u003eMusk posted that the compensation is \"zero.\" So, is this a real job opportunity?\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eThe new quasi-department \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11\"\u003eElon Musk is creating to root out wasteful government spending\u003c/a\u003e has generated lots of buzz — but how exactly does a person apply for a job there? And is it actually a paid job?\u003c/p\u003e\u003cp\u003eSo far, it's not entirely clear.\u003c/p\u003e\u003cp\u003eAt the moment, what we know about \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-doge-hiring-staff-how-to-apply-2024-11\"\u003ea potential position\u003c/a\u003e at the new unofficial Department of Government Efficiency \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/DOGE/status/1857076831104434289\"\u003ecomes from a post\u003c/a\u003e on its \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musks-doge-gets-a-government-checkmark-on-x-2024-11\"\u003enewly created X account.\u003c/a\u003e The post says DOGE — named after a Musk-linked cryptocurrency — is looking for the \"Top 1%\" of applicants who must be \"super high-IQ\" and willing to work 80-plus-hour weeks.\u003c/p\u003e\u003cp\u003eIt's unclear if the demanding role would come with a paycheck.\u003c/p\u003e\u003cp\u003eIn response to one user's post, \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/elonmusk/status/1857112441529700671\"\u003eMusk wrote on X\u003c/a\u003e: \"Indeed, this will be tedious work, make lots of enemies \u0026amp; compensation is zero. What a great deal!\" He concluded the comment with a crying-laughing emoji — making it not quite clear if he was joking about the no compensation part.\u003c/p\u003e\u003cp\u003eMusk didn't respond to an email from BI, and the DOGE account didn't respond to a direct message. The Trump transition team also didn't respond to an email asking for more details.\u003c/p\u003e\u003cp\u003eEarlier this week, Brian Hughes, a Trump transition team spokesman, said in a statement to BI: \"As President Trump has said, Elon Musk is a genius, an innovator, and has literally made history by building creative, modern, and efficient systems.\"\u003c/p\u003e\u003cp\u003eRepresentatives for Vivek Ramaswamy, who incoming President Trump tapped to co-lead DOGE alongside Musk, also didn't respond to a request for comment.\u003c/p\u003e\u003cp\u003eAmong the other questions about the possible job opening is how a person is supposed to apply. DOGE's post on X asks prospective applicants to send their resumes via direct message to its X account.\u003c/p\u003e\u003cp\u003eBut, as a \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/ValentinaForUSA/status/1857076999166050375\"\u003enumber\u003c/a\u003e of \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/_BlakeHabyan/status/1857078088418426903\"\u003eX users\u003c/a\u003e \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/OAlexanderDK/status/1857079220796551233\"\u003epointed\u003c/a\u003e out, the department's DMs at first apparently weren't open for users who didn't have a paid X subscription. The account's DMs as of Friday afternoon were open to any X user — and BI was able to successfully send a message to the account without a paid subscription.\u003c/p\u003e\u003cp\u003eStill, a job seeker would need to have an X account — even if just a free one — to send a direct message to DOGE. That means that if someone didn't already have an account on the \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-twitter\"\u003eplatform that Musk owns\u003c/a\u003e, the person would — as of now, at least — need to start one to apply for the role.\u003c/p\u003e\u003cp\u003eIt's not clear if there will be an official DOGE website coming with a more traditional application process.\u003c/p\u003e","synopsis":"Elon Musk's Department of Government Efficiency is looking for people to join — but it's not clear if it's a paid role, or if you need X to apply.","updatedTime":1731714567158,"insertedTime":1731706874000,"img_Path":"/thumb/msid-115347593,width-640,resizemode-4,imgsize-106224/elon-musks-doge-is-looking-for-people-to-help-cut-government-spending-but-is-he-offering-a-real-job-and-is-it-paid.jpg","url":"politics/world/news/elon-musks-doge-is-looking-for-people-to-help-cut-government-spending-but-is-he-offering-a-real-job-and-is-it-paid/articleshow/115347593.cms","slug":"politics/world/news/elon-musks-doge-is-looking-for-people-to-help-cut-government-spending-but-is-he-offering-a-real-job-and-is-it-paid","category":"Politics","article_type":"international"},{"title":"Why Elon Musk's push to cut federal waste might succeed where others failed","msid":115344563,"readingTime":5,"authorDetail":[{"author_name":"Jack Newsham","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eElon Musk and Vivek Ramaswamy have been tasked with cutting spending and red tape.\u003c/li\u003e\u003cli\u003ePast presidents have created commissions with the same goals, and they've had mixed results.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cspan\u003eElon Musk and Vivek Ramaswamy are promising to tame the federal government. They aren't the first. \u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eBut unlike Reagan and Clinton, who both largely failed attempts at taming federal spending and sprawl, their Department of Government Efficiency has a crucial advantage: Republican control of both chambers of Congress.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThat political reality means their ambitious goal of cutting $2 trillion in spending through budget reconciliation could need just 51 Senate votes — and Republicans are projected to hold 52 seats.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eDespite its name, Musk and Ramaswamy's panel, the Department of Government Efficiency, won't be a government department. Substantial changes to the federal budget would most likely require action from legislators, though Trump transition officials are reportedly looking for ways to \u003c/span\u003e\u003ca target=\"_blank\" href=\"https://www.washingtonpost.com/business/2024/11/13/elon-musk-government-efficiency-congress-budget-law/\"\u003e\u003cspan\u003eshort-circuit Congress' power\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e over spending.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eBut the two men appear to be well positioned to advise Trump on how to make the deepest cuts to the federal government in generations.\u003c/span\u003e\u003c/p\u003e\u003ch2 id=\"f17bde88-48d2-4aed-ae9d-cead1ffcb9b5\"\u003e\u003cspan\u003ePast presidents have tried to cut the federal budget with mixed success\u003c/span\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan\u003eThe federal government isn't a business. Decisions about which agencies get which money for which purpose and how the money is raised are hashed out in Congress. Lacking the awesome power of a corporate CEO, past presidents, including Ronald Reagan and Bill Clinton, have struggled to tame the beast.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003e\"There are a lot more restrictions on what you can and can't do,\" said David Walker, a fiscal watchdog who led the Government Accountability Office from 1998 through 2008. \"There's a lot of cultural barriers.\"\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eIn 1982, Reagan tasked J. Peter Grace, a chemicals executive, with creating a team of private-sector \"bloodhounds\" to root through the government, looking for waste and inefficiency.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eTwo years later, his crew of about 160 senior corporate executives, later known as the Grace Commission, published over 2,000 recommendations they said would save more than $424 billion over three years.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThe government's in-house budget experts, however, didn't think the changes would be as impactful as the Grace Commission did. Most of the proposals required acts of Congress that never materialized. Some changes, like improving the government's debt-collection efforts and reducing head count among certain groups of federal employees, were made by the executive branch, bypassing Democrats in Congress.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThe nonprofit Citizens Against Government Waste, which carried on the mission of the Grace Commission, said last year that the US government had cut spending by a cumulative total of $2.4 trillion since the 1980s by implementing recommendations from the Grace Commission and from the nonprofit itself. Musk has claimed his committee could cut nearly that much spending in one year.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eClinton took another stab at cutting federal spending and improving government processes with his National Performance Review, which was led and staffed by federal employees instead of the private sector.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThe initiative succeeded in shrinking the federal workforce by more than 300,000 workers during Clinton's term, though the groundwork for some of those reductions was laid under Reagan. But \u003c/span\u003e\u003ca target=\"_blank\" href=\"https://govinfo.library.unt.edu/npr/library/papers/bkgrd/brief.html\"\u003e\u003cspan\u003eonly about a quarter of its proposals\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e that required legislative action managed to clear Congress.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eIn 1999, the Clinton administration claimed that it had saved $137 billion. The \u003c/span\u003e\u003ca target=\"_blank\" href=\"https://www.gao.gov/assets/ggd-99-120.pdf\"\u003e\u003cspan\u003eGovernment Accountability Office said\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e that figure included some double counting and nearly $25 billion that was merely \"consistent with\" the initiative's focus on \"reinventing government.\"\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eMusk and Trump's efforts could go further. Trump said the DOGE commission would have until July 4, 2026, to deliver a plan, but Musk said in a post on X that it would \"be done much faster.\"\u003c/span\u003e\u003c/p\u003e\u003ch2 id=\"94b4d06c-a556-4a4b-879d-8a7ebc8faa8b\"\u003e\u003cspan\u003eWhat's different this time\u003c/span\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan\u003eAny proposals from Musk and Ramaswamy that Trump accepts would have a much better chance of getting through Congress than those from Reagan's or Clinton's commissions because Republicans are on track to control both chambers of Congress.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eReagan's and Clinton's commissions came up against a Congress at least partly controlled by the other party. While contentious bills often can't clear the Senate because 60 votes are required to overcome the filibuster, many spending-related proposals can pass with a 51-vote majority through a process called budget reconciliation. Republicans are set to hold 52 seats starting next year.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThomas Schatz, the president of Citizens Against Government Waste, said Trump would likely have at least two opportunities to pass a budget through reconciliation. The fact that Musk and Ramaswamy will have had a two-month head start before Trump is sworn in also helps, he said.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThis government-efficiency effort \"can be set up faster,\" he said. \"It depends on how many members the president would like on the commission, and I have no idea. They haven't asked me. My suggestion is to keep it smaller.\"\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eIn the past, Musk has said the Securities and Exchange Commission, which has sued him twice, is \"broken\" and accused the Federal Aviation Administration of delaying SpaceX launches with \"kafkaesque paperwork.\"\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eIn recent posts on X, he has floated the idea of rewarding government employees who spend wisely and firing those who waste money. Congress hasn't figured in recent posts, though in 2022 Musk \u003c/span\u003e\u003ca target=\"_blank\" href=\"https://x.com/elonmusk/status/1589714533345812480\"\u003e\u003cspan\u003etweeted\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e that he preferred when the presidency and Congress were controlled by different parties.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eIn a September appearance on Lex Fridman's podcast, Ramaswamy outlined a thought experiment for shrinking the federal workforce: Fire all nonelected federal workers whose Social Security numbers end in odd numbers, then fire half of the remaining employees, those whose numbers start with odd digits.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eHe argued that this arbitrary 75% reduction — about 2.2 million workers — would avoid discrimination lawsuits while barely affecting government services.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eVeronique de Rugy, an economist at the libertarian think tank Mercatus Center, has said Musk and Ramaswamy could save $2 trillion if they embraced what many other economists would consider radical reforms. She said that ending aid to states — which the Cato Institute estimated amounted to $697 billion in 2018 and $721 billion in 2019 — could go a long way, as could hacking away at corporate welfare for sectors like pharmaceuticals and electric cars.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eBut she also expressed skepticism about the Trump administration's ability to build the bridges that could be necessary for big changes. \"They're going to piss off everyone for stupid reasons,\" she said.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eThere are also third rails of political spending that some are doubtful Trump will be able or eager to tackle, even if Musk and Ramaswamy advised him to do so.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eSocial Security and Medicare are the two single biggest areas of federal spending, and changing them could be politically unpopular. Trump has generally said he won't touch them — except for \u003c/span\u003e\u003ca target=\"_blank\" href=\"https://www.businessinsider.com/trump-tax-cuts-social-security-boomers-benefit-fund-depletion-2024-11\"\u003e\u003cspan\u003eeliminating taxes on Social Security\u003c/span\u003e\u003c/a\u003e\u003cspan\u003e payments, which would mean fewer benefits for retirees in the future.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003eEarmarks, which allow members of Congress to send money back to their home districts and states, are another significant source of federal waste, and even a GOP-led House and Senate may be leery of getting rid of them.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan\u003e\"The incentive in politics is to make friends,\" de Rugy said. Everyone, she added, likes a ribbon-cutting ceremony.\u003c/span\u003e\u003c/p\u003e","synopsis":"There's a chance the Department of Government Efficiency's plans could lead to the deepest cuts to the federal government in generations.","updatedTime":1731704326156,"insertedTime":1731696204000,"img_Path":"/thumb/msid-115344563,width-640,resizemode-4,imgsize-380768/why-elon-musks-push-to-cut-federal-waste-might-succeed-where-others-failed.jpg","url":"politics/world/news/why-elon-musks-push-to-cut-federal-waste-might-succeed-where-others-failed/articleshow/115344563.cms","slug":"politics/world/news/why-elon-musks-push-to-cut-federal-waste-might-succeed-where-others-failed","category":"Politics","article_type":"international"},{"title":"Elon Musk is looking for DOGE cuts. A GOP senator's list caught his eye.","msid":115343411,"readingTime":2,"authorDetail":[{"author_name":"Mikhaila Friel","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eElon Musk was named by Donald Trump to cut spending with his Department of Government Efficiency.\u003c/li\u003e\u003cli\u003eMusk reposted on Wednesday a list of cuts from Sen. Rand Paul, a longtime critic of the federal budget.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11\"\u003eElon Musk\u003c/a\u003e is on the hunt for federal spending to cut — and a Republican senator's list caught his eye.\u003c/p\u003e\u003cp\u003eMusk late on Thursday reposted part of a long-running series by Sen. Rand Paul of Kentucky, a Republican who has devoted much of his career to lamenting federal spending.\u003c/p\u003e\u003cp\u003eIn Paul's crosshairs were medical research projects, foreign aid, and public information projects.\u003c/p\u003e\u003cp\u003e\"The Department of Government Efficiency (@DOGE ) will fix this,\" said a post by Musk's America PAC, which Musk \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/america/status/1857228761915412814/photo/1\"\u003ereposted on X\u003c/a\u003e.\u003c/p\u003e\u003ch2 id=\"ed7520d5-8d1b-4d2e-a51b-350e8f79c556\"\u003e\u003cstrong\u003e'Festivus' complaints\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eIt could offer a window into the types of programs that will attract the focus of Musk and his partner in the project, Vivek Ramaswamy.\u003c/p\u003e\u003cp\u003ePaul has been publishing his end-of-year spending critiques for at least a decade, calling them \"The Festivus Report\" in a nod to the holiday popularized on \"Seinfeld\" that celebrates complaining.\u003c/p\u003e\u003cp\u003eThough the America PAC post said DOGE would act on the list, that is far from a sure thing.\u003c/p\u003e\u003cp\u003eThe list includes long-standing focuses of Paul's — like his opposition to federal health agencies — and also highlights spending that isn't easy to cut, like the cost of mistakes or debt on interest.\u003c/p\u003e\u003ch2 id=\"4c0bdd06-3567-4514-a2f2-cd51467f3e51\"\u003e\u003cstrong\u003eAfrican tourism, public information projects\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eThe lists are sourced from internal government watchdogs, media outlets, and congressional and government websites.\u003c/p\u003e\u003cp\u003eIn his latest list, published last year, Paul highlighted foreign aid spending, including an $8.6 million investment in the port city of Esna, Egypt, meant to support tourism jobs there. (That program was due to end in October 2024.)\u003c/p\u003e\u003cp\u003eA prior report highlighted \u003ca target=\"_blank\" class=\"\" href=\"https://tn.usembassy.gov/the-united-states-injects-usd-50-million-into-tunisias-tourism-sector-with-the-visit-tunisia-project/\"\u003e$50 million of US funding for Tunisia's tourism industry\u003c/a\u003e, meant to help it increase visitor numbers through 2026.\u003c/p\u003e\u003ch2 id=\"cbcc6b7c-683c-4395-a63d-9f5ac3499d0a\"\u003e\u003cstrong\u003eGovernment ad campaigns\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eThe most recent report noted that an agency of the Department of Homeland Security produced graphic novels to increase public awareness of disinformation.\u003c/p\u003e\u003cp\u003eAnd in 2022 the report noted the Department of Transportation spent $200,000 to encourage people to obey safety rules at railway crossings.\u003c/p\u003e\u003ch2 id=\"684d1fd2-e26f-400a-81a1-7443926bf0af\"\u003e\u003cstrong\u003eAnimal research\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eA frequent target is research programs on animals, which came up five times in the 2023 report and 12 times since 2021.\u003c/p\u003e\u003cp\u003eThe 2023 report outlined a USDA study on whether Labrador fur color affects their body temperature, while the 2022 report highlighted a Cornell University study on social communication between parrots.\u003c/p\u003e\u003cp\u003eThe 2023 report noted government-funded research on monkeys, including funding for an island off South Carolina where some 3,500 rhesus monkeys are kept for research.\u003c/p\u003e\u003cp\u003eIt also featured studies funded by the National Institutes of Health, examining the effects of hormones and drugs on monkeys, which the authors said could have implications for human health.\u003c/p\u003e\u003cp\u003eThose criticisms are familiar topics\u003cstrong\u003e \u003c/strong\u003efor Paul, a prominent critic of agencies like the NIH and the National Institute of Allergy and Infectious Diseases.\u003c/p\u003e\u003ch2 id=\"0133be91-571a-438f-af98-bc19ac01b7bd\"\u003e\u003cstrong\u003eOld-fashioned incompetence\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eAnother major feature of Paul's lists are accidental waste, often by the US military.\u003c/p\u003e\u003cp\u003eThe 2023 report highlighted some $150 million of military equipment that was written off after being stored in the open air, and more than $200 billion that federal agencies paid out by mistake.\u003c/p\u003e\u003ch2 id=\"373674a4-9816-4d5f-9180-2a4343455bf3\"\u003e\u003cstrong\u003eThe DOGE agenda\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eDetails are still scarce on how or when DOGE would take any action. But Musk has emphasized his desire to do identify wasteful spending in public, culminating in \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/elon-musk-doge-leaderboard-federal-government-spending-trump-2024-11\"\u003ea leaderboard of spending deemed wasteful\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eWriting on \u003ca target=\"_blank\" class=\"\" href=\"https://x.com/elonmusk/status/1856520760656797801?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1856520760656797801%7Ctwgr%5Ee41af7071c96f14e61e48a8fa993a290769e757a%7Ctwcon%5Es1_\u0026amp;ref_url=https%3A%2F%2Fwww.businessinsider.com%2Felon-musk-doge-leaderboard-federal-government-spending-trump-2024-11\"\u003eX\u003c/a\u003e on Wednesday, Musk said the DOGE's actions \"will be posted online for maximum transparency.\"\u003c/p\u003e\u003cp\u003e\"Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know!\" he said.\u003c/p\u003e","synopsis":"GOP Senator Rand Paul's report on wasteful spending prompted a repost from Musk, who is spinning up an anti-wase project for Donald Trump.","updatedTime":1731698397996,"insertedTime":1731690931000,"img_Path":"/thumb/msid-115343411,width-640,resizemode-4,imgsize-204516/elon-musk-is-looking-for-doge-cuts-a-gop-senators-list-caught-his-eye-.jpg","url":"politics/world/news/elon-musk-is-looking-for-doge-cuts-a-gop-senators-list-caught-his-eye-/articleshow/115343411.cms","slug":"politics/world/news/elon-musk-is-looking-for-doge-cuts-a-gop-senators-list-caught-his-eye-","category":"Politics","article_type":"international"},{"title":"Disney is avoiding more political dust-ups, but Netflix is bringing the fight to the media giant when it comes to live sports","msid":115340314,"readingTime":5,"authorDetail":[{"author_name":"Dan DeFrancesco","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003e\u003cem\u003eThis post originally appeared in the Insider Today newsletter.\u003c/em\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003eHappy Friday! \u003c/strong\u003eA fluffy, $85 toy is taking Asia by storm, but it's not for kids. Labubu might have an unsettling grin, but it's meant to \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/inside-rise-labubu-monsters-popmart-toy-adults-china-sold-out-2024-11\"\u003e\u003cu\u003ecomfort tired corporate workers\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eIn today's big story, Disney reported strong earnings and has a bright outlook on the future, \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/trump-victory-pressure-on-disney-ceo-bob-iger-2024-11\"\u003e\u003cu\u003ebut it doesn't want to discuss politics\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eWhat's on deck:\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cstrong\u003eMarkets:\u003c/strong\u003e Goldman's massive investment in its marketing team \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/goldman-sachs-fiona-carter-marketing-expansion-spending-david-solomon-2024-11\"\u003e\u003cu\u003ehas some insiders questioning its value\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eTech:\u003c/strong\u003e The FTC and Lina Khan reportedly \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/ftc-preparing-to-investigate-microsoft-report-lina-khan-2024-11\"\u003e\u003cu\u003ehave their eyes on another corner of Big Tech\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eBusiness:\u003c/strong\u003e How RFK Jr. might look to '\u003ca target=\"_blank\" href=\"https://www.businessinsider.com/how-rfk-jr-plans-to-make-america-healthy-again-2024-11\"\u003e\u003cu\u003eMake America Healthy Again\u003c/u\u003e\u003c/a\u003e' as head of HSS.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eBut first, next question.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cem\u003eIf this was forwarded to you, \u003c/em\u003e\u003c/strong\u003e\u003ca target=\"_blank\" href=\"https://www.businessinsider.com/subscription/newsletter/insider-today\"\u003e\u003cstrong\u003e\u003cem\u003e\u003cu\u003esign up here.\u003c/u\u003e\u003c/em\u003e\u003c/strong\u003e\u003c/a\u003e\u003c/p\u003e\u003ch3 id=\"7fa5f018-5b05-4a37-a8dc-d3f89138bcb3\"\u003eThe big story\u003c/h3\u003e\u003ch2 id=\"5fd547b9-ec52-41fc-8e08-4f4b27dd8097\"\u003e\u003cstrong\u003eLet's not talk politics\u003c/strong\u003e\u003c/h2\u003e\u003cdiv type=\"image\" title=\"Bob Iger\" height=\"2530\" width=\"3794\" msid=\"115338688\" hostid=\"261\" sizebytes=\"244494\"\u003e\u003c/div\u003e\u003cp\u003e\u003cstrong\u003eWhen it comes to Donald Trump, Disney is taking a page from its famous mascot and being as quiet as a mouse.\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eThe entertainment giant's earnings report was a big one. Revenue ($22.57 billion) and earnings per share ($1.14) beat estimates, \u003ca target=\"_blank\" href=\"https://markets.businessinsider.com/news/stocks/disney-stock-price-3q-earnings-streaming-profit-guidance-cruise-parks-2024-11\"\u003e\u003cu\u003ehelping the stock surge 8%\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eThe future is equally bright. In a surprising move, Disney offered forward-looking guidance that showed strong growth for the next three years, including double-digit earnings growth in 2026 and 2027.\u003c/p\u003e\u003cp\u003eAs much as Disney was willing to look into the future, CEO Bob Iger seemed unwilling to discuss one upcoming event: the incoming president.\u003c/p\u003e\u003cp\u003eIger, who has a contentious history with President-elect Donald Trump, didn't seem eager to engage with him on a call with analysts. While other media executives have said the new president will \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/wbd-trump-zaslav-consolidation-earnings-2024-11\"\u003e\u003cu\u003egive them a chance to close more deals\u003c/u\u003e\u003c/a\u003e, Iger skirted a question about more M\u0026amp;A opportunities for Disney under Trump.\u003c/p\u003e\u003cp\u003e\"In a way, we've already consolidated,\" Iger told analysts.\u003c/p\u003e\u003cdiv type=\"image\" title=\"Minnie Mouse at Walt Disney World.\" height=\"3712\" width=\"5568\" msid=\"115338690\" hostid=\"261\" sizebytes=\"901676\"\u003e\u003c/div\u003e\u003cp\u003e\u003cstrong\u003eIger's don't-say-Trump approach to Thursday's earnings call might be the new norm for the House of Mouse.\u003c/strong\u003e\u003c/p\u003e\u003cp\u003ePlenty of people in Hollywood would like it to stay that way.\u003c/p\u003e\u003cp\u003eBI's Lucia Moses spoke to some people close to Hollywood talent who said \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/trump-victory-pressure-on-disney-ceo-bob-iger-2024-11\"\u003e\u003cu\u003ethere's little appetite for more Trump-Iger battles right away\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eDisney isn't just avoiding Trump. The company, which has been a lightning rod in the culture wars, wants to avoid any political controversy.\u003c/p\u003e\u003cp\u003eIt's an approach that has served them well recently in Florida. The truce between \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/disney-desantis-feud-timeline-parental-rights-education-florida-2023-4\"\u003e\u003cu\u003eDisney and Gov. Ron DeSantis\u003c/u\u003e\u003c/a\u003e has made \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/desantis-disney-development-deal-fifth-gate-new-theme-park-2024-6\"\u003e\u003cu\u003ebusiness easier\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eStill, it's not clear if Trump is willing to follow suit. The president-elect currently has a lawsuit filed against Disney's ABC News.\u003c/p\u003e\u003cp\u003eDisney also has challenges outside the political realm, including the ongoing streaming wars.\u003c/p\u003e\u003cp\u003eIts streaming division — which includes Disney+, ESPN+, and Hulu — saw a quarterly profit of $321 million. That's a big turnaround from the $387 million loss it suffered the year prior.\u003c/p\u003e\u003cp\u003eBut the king of streaming — Netflix — \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/netflix-new-subscriber-numbers-beat-expectations-2024-10\"\u003e\u003cu\u003eseems unstoppable\u003c/u\u003e\u003c/a\u003e, and it's threatening a space that Disney's ESPN previously had a stronghold: live sports.\u003c/p\u003e\u003cp\u003eTonight at 8 p.m. ET, Jake Paul and Mike Tyson will face off in a boxing match aired on the streamer. It's the biggest test yet for how \u003ca target=\"_blank\" rel=\"noopener\" href=\"https://www.businessinsider.com/netflix-mike-tyson-jake-paul-live-event-strategy-test-advertising-2024-11\"\u003e\u003cu\u003eNetflix handles a live sporting event\u003c/u\u003e\u003c/a\u003e and a warmup before its biggest undertaking: NFL games on Christmas.\u003c/p\u003e\u003ch3 id=\"77f31a4c-8462-4e3d-a71f-838cb79493fb\"\u003eNews brief\u003c/h3\u003e\u003ch2 id=\"1fcd294b-3f53-425f-9f20-4093e8623b59\"\u003eTop headlines\u003c/h2\u003e\u003cul\u003e\u003cli\u003ePowell says the Fed is in \u003ca target=\"_blank\" href=\"https://markets.businessinsider.com/news/stocks/stock-market-today-federal-reserve-inflation-jerome-powell-interest-rates-2024-10\"\u003e\u003cu\u003eno hurry to cut interest rates\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003eJamie Dimon says bankers are 'dancing in the street' because \u003ca target=\"_blank\" rel=\"noopener\" href=\"https://www.businessinsider.com/jamie-dimon-jpmorgan-trump-deregulation-banks-musk-vivek-policy-election-2024-11\"\u003e\u003cu\u003ethey expect Trump to cut regulations\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003eMarkets are ripping past all-time highs after Donald Trump's electoral victory. \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/doomsday-investors-volatility-post-election-markets-universa-investments-2024-11\"\u003e\u003cu\u003eDoomsday investors aren't convinced\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003eTwo maps show how Americans rely on income like \u003ca target=\"_blank\" rel=\"noopener\" href=\"https://www.businessinsider.com/social-security-medicaid-snap-benefits-income-reliance-increases-aging-population-2024-11\"\u003e\u003cu\u003eSocial Security more than they used to\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003eAmazon's new discount section 'Haul' looks like \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/amazon-haul-temu-shein-compared-which-is-better-worse-2024-11\"\u003e\u003cu\u003ea Temu version of Temu\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003eThis new Goldman Sachs partner is leading the bank's strategy \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/goldman-sachs-partner-brittany-boals-moeller-private-wealth-management-2024-11\"\u003e\u003cu\u003ewith young heirs and founders\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003eApple's future product lineup is \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/apple-future-product-lineup-starting-to-come-into-focus-2024-11\"\u003e\u003cu\u003estarting to come into focus\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003c/ul\u003e\u003ch2 id=\"8120060b-ae66-48dc-b149-f0489a30ffa2\"\u003e3 things in markets\u003c/h2\u003e\u003cdiv type=\"image\" title=\"Fiona Carter on a tri-colored background with the goldman sachs logo\" height=\"1500\" width=\"2000\" msid=\"115338515\" hostid=\"261\" sizebytes=\"192774\"\u003e\u003c/div\u003e\u003col\u003e\u003cli\u003e\u003cstrong\u003eMarketing glitters, but is it Gold(man)? \u003c/strong\u003eFiona Carter made waves as Goldman Sachs' first chief marketing officer when she was hired in 2020. But the rapid growth of Carter's team and the spending associated with its glitzy sponsorships have some questioning whether a marketing expansion is really worth it, \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/goldman-sachs-fiona-carter-marketing-expansion-spending-david-solomon-2024-11\"\u003e\u003cu\u003e18 current and former employees told BI\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eWith Jerome Powell and the Fed, it's Elon Musk vs. Wall Street. \u003c/strong\u003eMusk recently signaled support for letting the president control the Federal Reserve — and it's ringing alarm bells for some investors. Many Wall Streeters fear that undermining Fed independence \u003ca target=\"_blank\" rel=\"noopener\" href=\"https://www.businessinsider.com/elon-musk-jerome-powell-wall-street-donald-trump-federal-reserve-2024-11\"\u003e\u003cu\u003ewould disrupt investors — and some are concerned it could create a political backlash\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eInside the secretive operation helping manage Steve Schwarzman's fortune.\u003c/strong\u003e Though most of Schwarzman's wealth is tied up in Blackstone, he also has a hush-hush family office that keeps NDAs at the ready for its contractors. \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/billionaire-steve-schwarzman-family-office-pennypack-blackstone-2024-11\"\u003e\u003cu\u003eHere's what we know about Pennypack\u003c/u\u003e\u003c/a\u003e and who's running it.\u003c/li\u003e\u003c/ol\u003e\u003ch2 id=\"f4b54806-7f81-450c-ba32-92560d4fae9b\"\u003e\u003cstrong\u003e3 things in tech\u003c/strong\u003e\u003c/h2\u003e\u003cdiv type=\"image\" title=\"An old and broken phone on a pedestal with heart emojis\" height=\"1000\" width=\"2000\" msid=\"115338686\" hostid=\"261\" sizebytes=\"136754\"\u003e\u003c/div\u003e\u003col\u003e\u003cli\u003e\u003cstrong\u003e\"There is no wall.\"\u003c/strong\u003e Sam Altman has apparently \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/sam-altman-ai-wall-slowdown-openai-2024-11\"\u003e\u003cu\u003eresponded to fears of an AI plateau\u003c/u\u003e\u003c/a\u003e, posting the cryptic message on X Thursday. His reply followed reports that OpenAI's next iteration, Orion, was making only modest gains over ChatGPT-4.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eTrump reportedly wants to cut the EV tax credit, and Elon Musk is all for it. Wait, what? \u003c/strong\u003eThat might sound odd, but the Tesla CEO has previously said getting rid of the credit \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/why-tesla-elon-musk-supports-trump-ending-ev-tax-credits-2024-11\"\u003e\u003cu\u003ewould harm the EV giant's competitors more than itself\u003c/u\u003e\u003c/a\u003e.\u003cstrong\u003e \u003c/strong\u003eEnding the $7,500 tax credit is part of broader tax legislation that Trump's transition team has reportedly drawn up plans for.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eLina Khan's FTC may have Microsoft in its sights.\u003c/strong\u003e The Federal Trade Commission is reportedly gearing up \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/ftc-preparing-to-investigate-microsoft-report-lina-khan-2024-11\"\u003e\u003cu\u003eto investigate Microsoft's cloud service Azure\u003c/u\u003e\u003c/a\u003e. It's apparently examining claims that the company is using anticompetitive tactics to maintain its market dominance.\u003c/li\u003e\u003c/ol\u003e\u003ch2 id=\"9260fa45-d397-4b3c-b4f8-4bb193976216\"\u003e\u003cstrong\u003e3 things in business\u003c/strong\u003e\u003c/h2\u003e\u003cdiv type=\"image\" title=\"A price tag in the shape of Donald Trump's head\" height=\"1000\" width=\"2000\" msid=\"115338689\" hostid=\"261\" sizebytes=\"38138\"\u003e\u003c/div\u003e\u003col\u003e\u003cli\u003e\u003cstrong\u003eSix price increases to expect if Trump's trade plans take effect.\u003c/strong\u003e From clothes to computers, Trump's tariffs are expected to impact prices for Americans. \"Every sector is vulnerable to seeing higher tariffs,\" one economist told BI. \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/how-trump-tariffs-will-impact-prices-technology-clothes-appliances-furniture-2024-11\"\u003e\u003cu\u003eSmall and big-ticket purchases alike could see significant price increases\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eRFK Jr. is set to \"go wild on health.\" \u003c/strong\u003eDonald Trump tapped Robert F. Kennedy Jr. \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/trump-robert-f-kennedy-jr-rfk-department-health-human-services-2024-11\"\u003e\u003cu\u003eto lead the Department of Health and Human Services\u003c/u\u003e\u003c/a\u003e, fulfilling his previous promise to let the ex-Democrat \"go wild on health.\" Here's what we know so far about \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/how-rfk-jr-plans-to-make-america-healthy-again-2024-11\"\u003e\u003cu\u003eKennedy's public health philosophy\u003c/u\u003e\u003c/a\u003e.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eWhat's the appeal of Elon Musk's gamified government cost-cutting?\u003c/strong\u003e Musk's proposed crowd-sourced leaderboard to crack down on government waste \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musks-gamification-of-doge-taps-into-natural-human-instinct-2024-11\"\u003e\u003cu\u003etaps into our natural competitive instinct\u003c/u\u003e\u003c/a\u003e, psychologists say. If you've got that, \u003ca target=\"_blank\" href=\"https://www.businessinsider.com/elon-musk-doge-hiring-staff-how-to-apply-2024-11\"\u003e\u003cu\u003ea \"super-high IQ,\" and are willing to work 80+ hours a week\u003c/u\u003e\u003c/a\u003e, Musk is hiring for his new Trump cabinet commission.\u003c/li\u003e\u003c/ol\u003e\u003ch2 id=\"9f5d80ac-3466-429f-a50a-2ffbb70c65ff\"\u003e\u003cstrong\u003eWhat's happening today\u003c/strong\u003e\u003c/h2\u003e\u003cul\u003e\u003cli\u003eThe final supermoon of the year is visible tonight.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003eThe Insider Today team: \u003c/strong\u003eDan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Ella Hopkins, associate editor, in London. Hallam Bullock, senior editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.\u003c/p\u003e","synopsis":"Disney reported strong earnings and avoided the political discourse, but Netflix's push into live sports presents another problem.","updatedTime":1731688721328,"insertedTime":1731680992000,"img_Path":"/thumb/msid-115340314,width-640,resizemode-4,imgsize-167522/disney-is-avoiding-more-political-dust-ups-but-netflix-is-bringing-the-fight-to-the-media-giant-when-it-comes-to-live-sports.jpg","url":"politics/world/news/disney-is-avoiding-more-political-dust-ups-but-netflix-is-bringing-the-fight-to-the-media-giant-when-it-comes-to-live-sports/articleshow/115340314.cms","slug":"politics/world/news/disney-is-avoiding-more-political-dust-ups-but-netflix-is-bringing-the-fight-to-the-media-giant-when-it-comes-to-live-sports","category":"Politics","article_type":"international"},{"title":"Trump called the climate crisis a scam. It could prove a gift to China.","msid":115337052,"readingTime":3,"authorDetail":[{"author_name":"Tom Porter","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003ePresident-elect Donald Trump has questioned the reality of the climate crisis.\u003c/li\u003e\u003cli\u003eHe's expected to withdraw the US from the Paris Agreement, which he also did in his first term.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003ePresident-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a \"scam\" and accusing policies to tackle the crisis of destroying US jobs.\u003c/p\u003e\u003cp\u003eMany expect him to withdraw the US from the Paris Agreement to limit emissions upon taking power in January, as he did in his first term.\u003c/p\u003e\u003cp\u003eBut his hostility to green policies conflicts with another of his priorities — challenging the rise of China.\u003c/p\u003e\u003cp\u003e\"A second US withdrawal from the Paris Agreement would present a significant opportunity for China to expand its leadership role in multilateral climate issues,\" Herbert Crowther, an analyst with the Eurasia Group in New York told Business Insider.\u003c/p\u003e\u003cp\u003eTrump's victory is overshadowing this week's UN climate summit in Baku, Azerbaijan, where pledges from Biden administration officials are tempered by the fact they won't be around for long.\u003c/p\u003e\u003cp\u003eAnd China is already positioning itself to fill the power vacuum and build its global influence.\u003c/p\u003e\u003cp\u003e\"In the week since the election, we're already seeing China try to claim the mantle of global climate leadership and portray itself as the more \"responsible\" actor in this space,\" Lily McElwee, fellow in the Freeman Chair in China Studies at the Center for Strategic and International Studies in Washington, DC, told Business Insider.\u003c/p\u003e\u003cp\u003e\"Beijing is out in force at COP29 calling for the United States under Trump to engage in 'constructive dialogue' and highlighting China's contributions to decarbonization through major investments in electric vehicles and other greentech industries.\"\u003c/p\u003e\u003cdiv type=\"image\" title=\"Chinese solar power station\" height=\"576\" width=\"1024\" msid=\"115335201\" hostid=\"261\" sizebytes=\"137800\"\u003e\u003c/div\u003e\u003ch2 id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003e\u003cstrong\u003eThe green tech superpower\u003c/strong\u003e\u003c/h2\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eChina has a curious position as both the world's largest polluter, and a powerhouse of green technology.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eIt tops the \u003ca target=\"_blank\" class=\"\" href=\"https://interactive.carbonbrief.org/the-carbon-brief-profile-china/index.html#\"\u003erankings for greenhouse emissions\u003c/a\u003e, which helped power its huge economic growth in recent decades. \u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eIn 2020, President Xi Jinping pledged that China would become \u003ca target=\"_blank\" class=\"\" href=\"https://chinaeucn.com/carbon-neutrality-china/#:~:text=In%20September%202020%2C%20president%20Xi,carbon%20neutrality%20to%20the%20world.\"\u003ecarbon neutral by 2060,\u003c/a\u003e and it's on track this year to record its first drop in greenhouse \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/china-meeting-us-climate-solar-panels-coal-power-energy-security-2024-5\"\u003eemissions since 2016.\u003c/a\u003e\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eAt the same time, China has pushed harder to produce its own green technology — and sell it to the rest of the world.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eIt is the world's largest producer of electric vehicles and solar panels, and the percentage of its energy coming from renewable sources \u003ca target=\"_blank\" class=\"\" href=\"https://www.iea.org/reports/renewables-2023/executive-summary#\"\u003eis rapidly growing.\u003c/a\u003e\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eThat work brings practical and economic benefits. Analysts also point to other motives for Beijing's green push: influence and power.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003e\"Where the Trump administration sees renewable energy as a threat to jobs, China is leveraging clean energy as part of a long-term strategic gambit,\" wrote \u003ca target=\"_blank\" class=\"\" href=\"https://www.brookings.edu/articles/chinas-belt-and-road-initiative-is-poised-to-transform-the-clean-energy-industry/\"\u003eDaniel Araya of the Brookings Institute in Washington, DC, in 2018.\u003c/a\u003e\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eChina, as part of its \"Belt and Road\" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003e\"Green tech plays a critical role in Xi's economic vision. While China has spent a decade trying to catch up to the United States and other advanced economies in existing tech (like semiconductors), it is increasingly focused on securing leadership in emerging industries like cleantech,\" said McElwee.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eThe strategy is paying off, with global demand for renewable energy production technologies predicted to surge, and China set to account for 60% of installed global renewable energy capacity by 2030, according to an \u003ca target=\"_blank\" class=\"\" href=\"https://www.iea.org/news/massive-global-growth-of-renewables-to-2030-is-set-to-match-entire-power-capacity-of-major-economies-today-moving-world-closer-to-tripling-goal\"\u003eOctober report by the International Energy Agency.\u003c/a\u003e\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eThe US lags China as a clean tech economic power.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eTrump has been explicit about his plans to repeal and otherwise roll back climate policies from the Biden administration.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eThat included \u003ca target=\"_blank\" class=\"\" href=\"https://www.politico.com/news/2024/09/05/trump-inflation-reduction-act-00177493\"\u003ea pledge\u003c/a\u003e just before the election to \"rescind all unspent funds\" from President Joe Biden's Inflation Reduction Act, which provided billions in funding for clean tech.\u003c/p\u003e\u003ch2 id=\"d064aeb1-2497-4d9c-b893-7e2c1b98241d\"\u003e\u003cstrong\u003eWill China step up? \u003c/strong\u003e\u003c/h2\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eThere are also doubts over how much China is willing to take an international leadership role on climate issues.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eIt's been wary of international agreements to tackle climate change in the past, and last year was accused by European officials of \u003ca target=\"_blank\" class=\"\" href=\"https://www.reuters.com/business/environment/china-denies-reports-it-obstructed-g20-climate-discussions-2023-08-02/#:~:text=China%20denies%20reports%20it%20obstructed%20G20%20climate%20discussions%20%7C%20Reuters\"\u003eobstructing G20 efforts \u003c/a\u003eto tackle the climate crisis, Reuters reported. \u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eAssuming a leadership role would likely require China to send money to other countries, said Crowther. \u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003e\"The key question for officials in Beijing will now turn to whether China wants to deepen its financial commitments to helping other countries—particularly emerging markets—accelerate their own energy transitions,\" he said.\u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eCrowther said the run up to next year's COP30 summit in Brazil would provide clues of China's intentions. \u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003eUltimately, Xi may be more interested in cementing China's economic advantages than in concrete diplomatic pledges. \u003c/p\u003e\u003cp id=\"f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d\"\u003e\"Although Beijing will try to boost its image as a global leader on climate change, I don't know how much substance will follow,\" said McElwee.\u003c/p\u003e","synopsis":"The likely US departure from global climate-crisis efforts offers an opening for Bejing, a clean-tech giant.","updatedTime":1731678569836,"insertedTime":1731670364000,"img_Path":"/thumb/msid-115337052,width-640,resizemode-4,imgsize-23664/trump-called-the-climate-crisis-a-scam-it-could-prove-a-gift-to-china-.jpg","url":"politics/world/news/trump-called-the-climate-crisis-a-scam-it-could-prove-a-gift-to-china-/articleshow/115337052.cms","slug":"politics/world/news/trump-called-the-climate-crisis-a-scam-it-could-prove-a-gift-to-china-","category":"Politics","article_type":"international"},{"title":"Jamie Dimon on not getting a job under Trump: 'I haven't had a boss in 25 years and I'm not about ready to start'","msid":115334576,"readingTime":2,"authorDetail":[{"author_name":"Shubhangi Goel","author_id":45}],"body":"\u003cul class=\"summary-list\"\u003e\u003cli\u003eDonald Trump sent a public message to Jamie Dimon, telling the CEO he would not be part of his administration.\u003c/li\u003e\u003cli\u003eIn response, Dimon said he hasn't had a boss in 25 years.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eJPMorgan Chase CEO Jamie Dimon has no hard feelings about not being part of President-elect Donald Trump's new administration.\u003c/p\u003e\u003cp\u003e\"I haven't had a boss in 25 years and I'm not about ready to start,\" Dimon said on Thursday in response to being told Trump was not inviting him to be treasury secretary.\u003c/p\u003e\u003cp\u003eDimon made the comment on stage at the Asia-Pacific Economic Cooperation CEO Summit in Peru. The summit brings together some of the biggest names in business and policy. During the conference, Dimon also discussed deregulation and America's need for a growth and efficiency strategy.\u003c/p\u003e\u003cp\u003eWhile on the campaign trail, Trump waffled on the topic of appointing Dimon to his administration.\u003c/p\u003e\u003cp\u003e\"I have a lot of respect for Jamie Dimon,\" Trump said in an interview with Bloomberg Businessweek published in July. \"He is somebody that I would consider, sure,\" he added when asked if Dimon could be his next treasury secretary.\u003c/p\u003e\u003cp\u003eA week later, Trump walked back the comment.\u003c/p\u003e\u003cp\u003e\"I don't know who said it, or where it came from, perhaps the Radical Left, but I never discussed, or thought of, Jamie Dimon or Larry Fink for Secretary of the Treasury,\" he wrote in a \u003ca target=\"_blank\" rel=\" nofollow\" class=\"\" href=\"https://truthsocial.com/@realDonaldTrump/112836501862027675\"\u003e\u003cu\u003epost on Truth Social\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\u003ch2 id=\"7edf09ab-28c7-42b4-bea5-7bcc41eb3a15\"\u003ePublic comments on politics\u003c/h2\u003e\u003cp id=\"7edf09ab-28c7-42b4-bea5-7bcc41eb3a15\"\u003eDimon's comments on Thursday come as Trump has started filling \u003ca target=\"_blank\" class=\"\" href=\"https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11\"\u003ekey roles in his administration\u003c/a\u003e.\u003c/p\u003e\u003cp id=\"7edf09ab-28c7-42b4-bea5-7bcc41eb3a15\"\u003eThis week, Trump nominated \u003ca target=\"_blank\" rel=\"\" class=\"\" href=\"https://www.businessinsider.com/trump-nominates-matt-gaetz-attorney-general-2024-11\"\u003e\u003cu\u003eRep. Matt Gaetz of Florida as Attorney General\u003c/u\u003e\u003c/a\u003e and Sen. Marco Rubio for Secretary of State, among others. He also announced that Elon Musk and Vivek Ramaswamy will co-lead a Department of Government Efficiency.\u003c/p\u003e\u003cp\u003eTrump has not yet announced his nominee for secretary of the treasury.\u003c/p\u003e\u003cp\u003eWhile Dimon did not publicly endorse a candidate in this election, he has called for unity among Americans.\u003c/p\u003e\u003cp\u003e\"Our country is now concluding one of the hardest fought and at times divisive elections in our recent history,\" Dimon said on election day.\u003c/p\u003e\u003cp\u003e\"Soon it will be time for all of us to unite behind our president-elect and all of our national leaders. We must begin the work of bringing our nation together and focusing on the pressing economic and global issues before us,\" he said.\u003c/p\u003e","synopsis":"While on the campaign trail, Trump waffled on the topic of appointing Dimon to his administration.","updatedTime":1731672591610,"insertedTime":1731665190000,"img_Path":"/thumb/msid-115334576,width-640,resizemode-4,imgsize-119926/jamie-dimon-on-not-getting-a-job-under-trump-i-havent-had-a-boss-in-25-years-and-im-not-about-ready-to-start.jpg","url":"politics/world/news/jamie-dimon-on-not-getting-a-job-under-trump-i-havent-had-a-boss-in-25-years-and-im-not-about-ready-to-start/articleshow/115334576.cms","slug":"politics/world/news/jamie-dimon-on-not-getting-a-job-under-trump-i-havent-had-a-boss-in-25-years-and-im-not-about-ready-to-start","category":"Politics","article_type":"international"}],"trendingKeywordsData":[{"title":"Chhath Puja 2024 Wishes","url":"/thelife/article/happy-chhath-puja-2024-heartfelt-wishes-messages-and-status-updates-to-share-on-whatsapp-and-facebook/articleshow/114969343.cms"},{"title":"Bank holidays in India","url":"/personal-finance/bank-holidays"},{"title":"ChatGPT will let you create images for free","url":"/tech/news/chatgpt-will-let-you-create-images-for-free-like-microsofts-copilot-and-googles-gemini-but-there-is-a-catch/articleshow/112399861.cms"},{"title":"Should the government give freebies to the poor?","url":"/policy/economy/article/universal-basic-income-should-the-government-give-unconditional-money-or-freebies-to-the-poor/articleshow/112188407.cms"},{"title":"World’s most powerful passports","url":"/travel/news/worlds-most-powerful-passport-singapore-reigns-supreme-with-195-visa-free-destinations-heres-where-india-ranks/articleshow/111984495.cms"},{"title":"Jio vs Airtel vs Vi Prepaid Plans","url":"/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms"}],"buyingGuidesData":[{"title":"Best printers for Home","url":"/tech-buying-guides/best-wi-fi-routers-for-home-in-india-in-2020/articleshow/77277860.cms"},{"title":"Best Mixer Grinder","url":"/insider-reviews/best-mixer-grinders-for-home-in-india/articleshow/77776473.cms"},{"title":"Best wired Earphones","url":"/tech-buying-guides/best-wired-earphones-with-mic-for-smartphones/articleshow/77526460.cms"},{"title":"Best 43 Inch TV in India","url":"/tech-buying-guides/best-43-inch-tvs-for-home-in-india/articleshow/77714137.cms"},{"title":"Best Wi Fi Routers","url":"/tech-buying-guides/best-wi-fi-routers-for-home-in-india-in-2020/articleshow/77277860.cms"},{"title":"Best Home Theatre in India","url":"/tech-buying-guides/best-home-theatre-systems-in-india/articleshow/77787450.cms"},{"title":"Smart Watch under 5000","url":"/tech-buying-guides/best-smartwatch-under-5000-in-india/articleshow/83718118.cms"},{"title":"Best Laptops for Education","url":"/tech/news/best-intel-laptops-for-education/articleshow/94484646.cms"},{"title":"Best Laptop for Students","url":"/tech/news/best-laptop-for-school-students/articleshow/94484815.cms"}],"pageType":"Articlelist page","userCookies":{"deviceid":"","geo_country":"","geo_region":"","_grx":"","Usercookie":{},"UserDetail":{},"loginStatus":"NONLOGGEDIN"},"metaInfoSSR":{"articleURL":"/politics/world/news","currentTitle":"World News - read latest and trending World news and headlines","currentDescription":"World News - read breaking and trending World news, stories, headlines. 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