Cryptocurrencies in 401(k) retirement accounts expose portfolios to high risk of decline, with the value of these assets largely dependent on investor sentiment rather than actual market usage, according to a recent report from the U.S. Government Accountability Office (GAO). GAO compared five crypto assets available for 401(k) plans against the S&P 500 index between 2021 and 2023. Volatility ranged from 4 to 12 times higher than index volatility, and two to seven times more volatile compared to stocks such as Google or Apple. The impact of crypto assets in retirement portfolio diversification remains “unclear,” GAO said. Diversification is done to minimize risk to the portfolio while ensuring maximum possible returns. In order to be considered a diversifier, the asset’s performance must not be positively related to others in the portfolio. If the diversifier asset goes down when other stocks tumble, it essentially defeats the purpose of diversification. All five digital currencies reviewed by GAO were found to have a higher positive correlation with the S&P 500 compared to gold, another asset considered a diversifier. Because cryptos are highly volatile and have a positive correlation to traditional investments like stocks, this results in “larger losses to a portfolio during market downturns” if cryptos are part of the asset mix. “Unlike traditional stocks, investors in crypto assets typically do not own blockchain technology and generally do not have an entitlement to income streams from investment in the same way that holders of stocks have rights to dividends from an operating company,” the report noted. Moreover, cryptos do not have a “well defined use” like other assets. For instance, gold has demand as jewelry and in industries for its corrosion resistant and conductive properties. Digital currencies “mainly derive their value from investor sentiment rather than through tangible company assets or cash flows,” the report noted. “If market sentiment shifts to a new crypto asset, older crypto assets could become obsolete and lose their value.” The GAO report also listed out some regulatory issues on crypto use in retirement assets. The Employee Benefits Security Administration (EBSA) does not collect data that enables the agency to easily identify 401(k) plans offering crypto assets and “assess their effects on participant savings,” it noted. EBSA is an agency within the U.S. Department of Labor that oversees employee-sponsored retirement plans such as 401(k). “Certain crypto assets continue to trade in markets that do not have investor protections or comprehensive oversight,” GAO said. The crypto market “has not been fully subjected to proper oversight and regulation,” Neal said. “As a result, as this report outlines, it has brought uniquely high risk to retirees. Americans must be confident that their investments are secure, and do not face unnecessarily high volatility, cybersecurity, and theft risk.” The agency said it had “serious concerns” about allowing crypto inclusion, noting that these assets “present significant risks and challenges to participants’ retirement accounts, including significant risks of fraud, theft, and loss.” “In the past year, traditional financial institutions’ limited exposure to cryptocurrencies has prevented turmoil in cryptocurrencies from infecting the broader financial system,” it said. “It would be a grave mistake to enact legislation that reverses course and deepens the ties between cryptocurrencies and the broader financial system.”
India bids farewell to former prime minister Manmohan Singh with state funeral
Surat: 35-year-old Smit Jivan, a businessman, allegedly murdered his wife and son in Gujarat's Surat and also attempted to kill his parents and tried to die by suicide. His parents are in critical condition, while his injuries are less severe. Jivan reportedly murdered his 4-year-old son and his wife on Friday. He then stabbed his parents, who are in critical condition, and then attempted to kill himself, but survived. The Jivani family, hailing from Savarkundla district, a town in Amreli, lived on the eighth floor of Surya Tower for many years, a Times of India report stated. On Friday morning, Jivani attacked his family members with a knife. He first killed his son when he was asleep and then his wife Hiral. After that, he attacked his parents, and later attempted to take his own life. His mother, Vilasben, who survived the attack, managed to seek help from neighbors, who brought the family to the hospital and alerted the police, the report further added. According to the police, Jivan's mother provided crucial details about the gruesome incident. She revealed that her husband’s elder brother had passed away prior and the Jivani family had visited the family multiple times. Meanwhile, during one of these visits, a relative asked Jivani to distance himself, stating they no longer wished to maintain a relationship with them, the report added. She also mentioned how Jivan expressed his feelings of isolation and unwanted, that nobody wished to associate with him anymore. According to the Assistant Commissioner of Police, VR Patel stated, “Smit runs an online business. The exact reason behind his actions is yet to be ascertained. We are hopeful that his parents will regain consciousness so that we can speak to them in detail about what exactly happened.” It is also suspected that Smit accumulated significant debt and likely incurred substantial losses in the stock market, the TOI report further stated. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Crime and around the world.
Zelensky insists on a 'just peace' at Trump Paris meeting
Where is Lisa Frank now? New doc shows controversial side to '90s phenomenon
President Volodymyr Zelensky on Saturday insisted at a meeting with US President-elect Donald Trump that any settlement with Russia after its invasion of Ukraine had to be "just", as fears grow in Kyiv on the position of the incoming administration. President Emmanuel Macron hosted three-way talks with Zelensky and Trump at the Elysee Palace, discussing what the incoming American president had termed a world that was a "little crazy". Hours after their meeting, the outgoing administration of President Joe Biden announced a new $988 million military assistance package for Ukraine. The package features drones, ammunition for precision HIMARS rocket launchers, and equipment and spare parts for artillery systems, tanks and armoured vehicles, the Pentagon said in a statement. Zelensky's meeting with Trump just before the three men headed to Notre Dame for the re-opening ceremony of the great Paris cathedral was his first face-to-face encounter with tycoon-turned-politician since his election victory. The meeting was of huge importance to Zelensky, given fears in Kyiv that Trump, who once boasted he could end Russia's war on Ukraine in 24 hours, may urge Ukraine to make concessions to Moscow. It also offered a unique chance for Macron to gain insights into how a second Trump presidency will look when he takes office in January. The trip to Paris is Trump's first international visit since his November 5 election win. "We all want peace. But it is very important for us... that the peace is just for all of us and that Russia, (Russian President Vladimir) Putin or any other aggressor has no possibility of ever returning," Zelensky said according to the presidential website. "And this is the most important thing -- a just peace and security guarantees, strong security guarantees for Ukraine," he added. Trump has scoffed at the billions of dollars in US military assistance to Ukraine and has spoken of forcing a quick settlement. But Zelensky also thanked Trump for his "unwavering resolve" describing the talks as "good and productive". Trump and Macron embraced and shook hands several times on the steps of the French presidential palace, with Trump given a full guard of honour despite not yet being in office. "It seems like the world is going a little crazy right now and we will be talking about that," Trump told reporters as he prepared to sit down for the talks with Macron. Despite tensions between the two men during his first term, Trump hailed his ties with the centrist French leader, saying: "We had a great relationship as everyone knows. We accomplished a lot." Macron told Trump it was "a great honour for French people to welcome you" for the re-opening ceremony at Notre Dame, which was devastated by a blaze in 2019 during Trump's first term. "You were president at that time and I remember the solidarity and the immediate reaction," Macron added, speaking in English. When he first took office in 2017, Trump's ties with Macron -- then also a fresh face on the world stage -- began warmly despite their obvious political differences. Their long and muscular handshakes -- which saw each man seek to assert his superiority -- became a light-hearted focus of attention before ties cooled, then soured, following disputes about climate change, trade and defence. Trump earlier wrote on his Truth Social platform that the United States should "not get involved" in the situation in Syria, where fast-moving rebel forces say they have begun to encircle the capital Damascus. The Republican's return to power has rung alarms in Paris and many European capitals after his promises on the campaign trail to force an end to fighting in Ukraine and levy tariffs on trading partners. In his own reaction to the discussions, Macron wrote on social media_ "Let us continue our joint efforts for peace and security." European allies have largely enjoyed a close working relationship with Biden on the crisis in the Middle East, but Trump is likely to distance himself and ally the United States even more closely with Israel. In a sign of the importance of Trump's one-day trip to Paris, he was accompanied by his pick for White House chief of staff, Susie Wiles, as well as his Near East and Middle East advisors, Steve Witkoff and Massad Boulos, according to a guest list issued by the Elysee Palace. Tesla tycoon and Trump advisor Elon Musk, who was also on the line during a phone call between the incoming president and Zelensky last month, also flew into the French capital was present at the Notre Dame ceremony.Rokmaster Resources (CVE:RKR) Trading Down 25% – Time to Sell?
NEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Insight Acquisition Corp. (NASDAQ: INAQ) announced today that its stockholders have approved an extension of the time period by which the Company has to consummate an initial business combination (the “Business Combination Period”) from December 7, 2024, to March 7, 2025 (the "Extended Termination Date"). The extension was made through the adoption of the Fourth Extension Amendment to the Company’s amended and restated certificate of incorporation (the “Charter”), which was filed today with the Delaware Secretary of State. Adoption of the Fourth Extension Amendment required approval by the affirmative vote of at least 65% of the Company’s outstanding shares of common stock. The proposal was approved by the Company’s stockholders holding 4,950,037 shares, representing approximately 75.93% of the Company's outstanding shares of common stock. About Insight Acquisition Corp. Insight Acquisition Corp. (NASDAQ: INAQ) is a special purpose acquisition company formed solely to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Insight Acquisition Corp. is sponsored by Insight Acquisition Sponsor LLC. For additional information, please visit insightacqcorp.com. About Alpha Modus Alpha Modus is engaged in creating, developing and licensing data-driven technologies to enhance consumers' in-store digital experience at the point of decision. The company was founded in 2014 and is headquartered in Cornelius, North Carolina. Alpha Modus is party to a business combination agreement with Insight Acquisition Corp. ( INAQ ) whereby Alpha Modus plans to become a publicly trading company (the “Business Combination”). For additional information, please visit alphamodus.com . Contacts: Insight Acquisition Corp. Chelsea Saffran csaffran@Insightacqcorp.com Alpha Modus Shannon Devine MZ Group +1(203) 741-8841 shannon.devine@mzgroup.us
JuJu Watkins scores 21, No. 6 USC downs Oregon 66-53 in Big Ten openerLANSING, Mich. -- Michigan's elections board voted unanimously Friday to certify the results of the 2024 election , a stark difference from 2020 when Republican allies of Donald Trump sought to delay certification in an effort to cast doubt on the election. The Michigan Board of State Canvassers voted 4-0 to certify the election results. The panel consisting of two Democratic and two Republican members also voted to thank and commend the state Bureau of Elections and election administrators throughout the state for a well-run election. “Just a note of thanks, publicly, to the team at Bureau of Elections and to all the folks downstate for a fabulous election,” Republican member Richard Houskamp said before the board voted to certify the results. Four years ago, Trump and his supporters pressured election officials in the state’s largest county and on the state board to not certify the results of the 2020 election as part of his targeted efforts to overturn the election. Trump personally pressured two Republican officials on the Wayne County Board of Canvassers that year to oppose certification. The county is home to Detroit, a stronghold of Democratic voters in the battleground state. The state board of canvassers eventually voted to certify the 2020 election with one Republican board member abstaining at the time.
Rumble Shares Are Up Today: What You Need To KnowNEW YORK — President-elect Donald Trump's lawyers urged a judge again Friday to throw out his hush money conviction, balking at the prosecution's suggestion of preserving the verdict by treating the case the way some courts do when a defendant dies. They called the idea "absurd." The Manhattan district attorney's office is asking Judge Juan M. Merchan to "pretend as if one of the assassination attempts against President Trump had been successful," Trump's lawyers wrote in a 23-page response. In court papers made public Tuesday, District Attorney Alvin Bragg's office proposed an array of options for keeping the historic conviction on the books after Trump's lawyers filed paperwork this month asking for the case to be dismissed. They include freezing the case until Trump leaves office in 2029, agreeing that any future sentence won't include jail time, or closing the case by noting he was convicted but that he wasn't sentenced and his appeal wasn't resolved because of presidential immunity. Former President Donald Trump appears May 30 at Manhattan criminal court during jury deliberations in his criminal hush money trial in New York. Trump lawyers Todd Blanche and Emil Bove reiterated Friday their position that the only acceptable option is overturning his conviction and dismissing his indictment, writing that anything less will interfere with the transition process and his ability to lead the country. The Manhattan district attorney's office declined comment. It's unclear how soon Merchan will decide. He could grant Trump's request for dismissal, go with one of the prosecution's suggestions, wait until a federal appeals court rules on Trump's parallel effort to get the case moved out of state court, or choose some other option. In their response Friday, Blanche and Bove ripped each of the prosecution's suggestions. Halting the case until Trump leaves office would force the incoming president to govern while facing the "ongoing threat" that he'll be sentenced to imprisonment, fines or other punishment as soon as his term ends, Blanche and Bove wrote. Trump, a Republican, takes office Jan. 20. The prosecution's suggestion that Merchan could mitigate those concerns by promising not to sentence Trump to jail time on presidential immunity grounds is also a non-starter, Blanche and Bove wrote. The immunity statute requires dropping the case, not merely limiting sentencing options, they contend. Attorney Todd Blanche listens May 30 as his client Donald Trump speaks at Manhattan criminal court during jury deliberations in his criminal hush money trial in New York. Blanche and Bove, both of whom Trump tapped for high-ranking Justice Department positions, expressed outrage at the prosecution's novel suggestion that Merchan borrow from Alabama and other states and treat the case as if Trump died. Blanche and Bove accused prosecutors of ignoring New York precedent and attempting to "fabricate" a solution "based on an extremely troubling and irresponsible analogy between President Trump" who survived assassination attempts in Pennsylvania in July and Florida in September "and a hypothetical dead defendant." Such an option normally comes into play when a defendant dies after being convicted but before appeals are exhausted. It is unclear whether it is viable under New York law, but prosecutors suggested that Merchan could innovate in what's already a unique case. "This remedy would prevent defendant from being burdened during his presidency by an ongoing criminal proceeding," prosecutors wrote in their filing this week. But at the same time, it wouldn't "precipitously discard" the "meaningful fact that defendant was indicted and found guilty by a jury of his peers." Prosecutors acknowledged that "presidential immunity requires accommodation" during Trump's impending return to the White House but argued that his election to a second term should not upend the jury's verdict, which came when he was out of office. Longstanding Justice Department policy says sitting presidents cannot face criminal prosecution. Other world leaders don't enjoy the same protection. For example, Israeli Prime Minister Benjamin Netanyahu is on trial on corruption charges even as he leads that nation's wars in Lebanon and Gaza. President-elect Donald Trump attends a Dec. 7 meeting with French President Emmanuel Macron at the Elysee Palace in Paris. Trump has fought for months to reverse his May 30 conviction on 34 counts of falsifying business records. Prosecutors said he fudged the documents to conceal a $130,000 payment to porn actor Stormy Daniels to suppress her claim that they had sex a decade earlier, which Trump denies. Trump's hush money conviction was in state court, meaning a presidential pardon — issued by Biden or himself when he takes office — would not apply to the case. Presidential pardons only apply to federal crimes. Since the election, special counsel Jack Smith ended his two federal cases, which pertained to Trump's efforts to overturn his 2020 election loss and allegations that he hoarded classified documents at his Mar-a-Lago estate. A separate state election interference case in Fulton County, Georgia, is largely on hold. Trump denies wrongdoing in each case. Trump was scheduled for sentencing in the hush money case in late November, but following Trump's Nov. 5 election win, Merchan halted proceedings and indefinitely postponed the former and future president's sentencing so the defense and prosecution could weigh in on the future of the case. Trump is the first former president to be convicted of a crime and the first convicted criminal to be elected to the office. Among President-elect Donald Trump's picks are Susie Wiles for chief of staff, Florida Sen. Marco Rubio for secretary of state, former Democratic House member Tulsi Gabbard for director of national intelligence and Florida Rep. Matt Gaetz for attorney general. Susie Wiles, 67, was a senior adviser to Trump's 2024 presidential campaign and its de facto manager. Trump named Florida Sen. Marco Rubio to be secretary of state, making a former sharp critic his choice to be the new administration's top diplomat. Rubio, 53, is a noted hawk on China, Cuba and Iran, and was a finalist to be Trump's running mate on the Republican ticket last summer. Rubio is the vice chairman of the Senate Intelligence Committee and a member of the Senate Foreign Relations Committee. “He will be a strong Advocate for our Nation, a true friend to our Allies, and a fearless Warrior who will never back down to our adversaries,” Trump said of Rubio in a statement. The announcement punctuates the hard pivot Rubio has made with Trump, whom the senator called a “con man" during his unsuccessful campaign for the 2016 GOP presidential nomination. Their relationship improved dramatically while Trump was in the White House. And as Trump campaigned for the presidency a third time, Rubio cheered his proposals. For instance, Rubio, who more than a decade ago helped craft immigration legislation that included a path to citizenship for people in the U.S. illegally, now supports Trump's plan to use the U.S. military for mass deportations. Pete Hegseth, 44, is a co-host of Fox News Channel’s “Fox & Friends Weekend” and has been a contributor with the network since 2014, where he developed a friendship with Trump, who made regular appearances on the show. Hegseth lacks senior military or national security experience. If confirmed by the Senate, he would inherit the top job during a series of global crises — ranging from Russia’s war in Ukraine and the ongoing attacks in the Middle East by Iranian proxies to the push for a cease-fire between Israel, Hamas and Hezbollah and escalating worries about the growing alliance between Russia and North Korea. Hegseth is also the author of “The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free,” published earlier this year. Trump tapped Pam Bondi, 59, to be attorney general after U.S. Rep. Matt Gaetz withdrew his name from consideration. She was Florida's first female attorney general, serving between 2011 and 2019. She also was on Trump’s legal team during his first impeachment trial in 2020. Considered a loyalist, she served as part of a Trump-allied outside group that helped lay the groundwork for his future administration called the America First Policy Institute. Bondi was among a group of Republicans who showed up to support Trump at his hush money criminal trial in New York that ended in May with a conviction on 34 felony counts. A fierce defender of Trump, she also frequently appears on Fox News and has been a critic of the criminal cases against him. Trump picked South Dakota Gov. Kristi Noem, a well-known conservative who faced sharp criticism for telling a story in her memoir about shooting a rambunctious dog, to lead an agency crucial to the president-elect’s hardline immigration agenda. Noem used her two terms leading a tiny state to vault to a prominent position in Republican politics. South Dakota is usually a political afterthought. But during the COVID-19 pandemic, Noem did not order restrictions that other states had issued and instead declared her state “open for business.” Trump held a fireworks rally at Mount Rushmore in July 2020 in one of the first large gatherings of the pandemic. She takes over a department with a sprawling mission. In addition to key immigration agencies, the Department of Homeland Security oversees natural disaster response, the U.S. Secret Service, and Transportation Security Administration agents who work at airports. The governor of North Dakota, who was once little-known outside his state, Burgum is a former Republican presidential primary contender who endorsed Trump, and spent months traveling to drum up support for him, after dropping out of the race. Burgum was a serious contender to be Trump’s vice presidential choice this summer. The two-term governor was seen as a possible pick because of his executive experience and business savvy. Burgum also has close ties to deep-pocketed energy industry CEOs. Trump made the announcement about Burgum joining his incoming administration while addressing a gala at his Mar-a-Lago club, and said a formal statement would be coming the following day. In comments to reporters before Trump took the stage, Burgum said that, in recent years, the power grid is deteriorating in many parts of the country, which he said could raise national security concerns but also drive up prices enough to increase inflation. “There's just a sense of urgency, and a sense of understanding in the Trump administration,” Burgum said. Robert F. Kennedy Jr. ran for president as a Democrat, than as an independent, and then endorsed Trump . He's the son of Democratic icon Robert Kennedy, who was assassinated during his own presidential campaign. The nomination of Kennedy to lead the Department of Health and Human Services alarmed people who are concerned about his record of spreading unfounded fears about vaccines . For example, he has long advanced the debunked idea that vaccines cause autism. Scott Bessent, 62, is a former George Soros money manager and an advocate for deficit reduction. He's the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation’s first openly gay treasury secretary. He told Bloomberg in August that he decided to join Trump’s campaign in part to attack the mounting U.S. national debt. That would include slashing government programs and other spending. “This election cycle is the last chance for the U.S. to grow our way out of this mountain of debt without becoming a sort of European-style socialist democracy,” he said then. Oregon Republican U.S. Rep. Lori Chavez-DeRemer narrowly lost her reelection bid this month, but received strong backing from union members in her district. As a potential labor secretary, she would oversee the Labor Department’s workforce, its budget and put forth priorities that impact workers’ wages, health and safety, ability to unionize, and employer’s rights to fire employers, among other responsibilities. Chavez-DeRemer is one of few House Republicans to endorse the “Protecting the Right to Organize” or PRO Act would allow more workers to conduct organizing campaigns and would add penalties for companies that violate workers’ rights. The act would also weaken “right-to-work” laws that allow employees in more than half the states to avoid participating in or paying dues to unions that represent workers at their places of employment. Scott Turner is a former NFL player and White House aide. He ran the White House Opportunity and Revitalization Council during Trump’s first term in office. Trump, in a statement, credited Turner, the highest-ranking Black person he’s yet selected for his administration, with “helping to lead an Unprecedented Effort that Transformed our Country’s most distressed communities.” Sean Duffy is a former House member from Wisconsin who was one of Trump's most visible defenders on cable news. Duffy served in the House for nearly nine years, sitting on the Financial Services Committee and chairing the subcommittee on insurance and housing. He left Congress in 2019 for a TV career and has been the host of “The Bottom Line” on Fox Business. Before entering politics, Duffy was a reality TV star on MTV, where he met his wife, “Fox and Friends Weekend” co-host Rachel Campos-Duffy. They have nine children. A campaign donor and CEO of Denver-based Liberty Energy, Write is a vocal advocate of oil and gas development, including fracking — a key pillar of Trump’s quest to achieve U.S. “energy dominance” in the global market. Wright also has been one of the industry’s loudest voices against efforts to fight climate change. He said the climate movement around the world is “collapsing under its own weight.” The Energy Department is responsible for advancing energy, environmental and nuclear security of the United States. Wright also won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump’s first term. President-elect Donald Trump tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump promised to dismantle. McMahon led the Small Business Administration during Trump’s initial term from 2017 to 2019 and twice ran unsuccessfully as a Republican for the U.S. Senate in Connecticut. She’s seen as a relative unknown in education circles, though she expressed support for charter schools and school choice. She served on the Connecticut Board of Education for a year starting in 2009 and has spent years on the board of trustees for Sacred Heart University in Connecticut. Brooke Rollins, who graduated from Texas A&M University with a degree in agricultural development, is a longtime Trump associate who served as White House domestic policy chief during his first presidency. The 52-year-old is president and CEO of the America First Policy Institute, a group helping to lay the groundwork for a second Trump administration. She previously served as an aide to former Texas Gov. Rick Perry and ran a think tank, the Texas Public Policy Foundation. Trump chose Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for commerce secretary, a position in which he'd have a key role in carrying out Trump's plans to raise and enforce tariffs. Trump made the announcement Tuesday on his social media platform, Truth Social. Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration. Both are tasked with putting forward candidates for key roles in the next administration. The nomination would put Lutnick in charge of a sprawling Cabinet agency that is involved in funding new computer chip factories, imposing trade restrictions, releasing economic data and monitoring the weather. It is also a position in which connections to CEOs and the wider business community are crucial. FILE - Former Rep. Doug Collins speaks before Republican presidential nominee former President Donald Trump at a campaign event at the Cobb Energy Performing Arts Centre, Oct. 15, 2024, in Atlanta. Karoline Leavitt, 27, was Trump's campaign press secretary and currently a spokesperson for his transition. She would be the youngest White House press secretary in history. The White House press secretary typically serves as the public face of the administration and historically has held daily briefings for the press corps. Leavitt, a New Hampshire native, was a spokesperson for MAGA Inc., a super PAC supporting Trump, before joining his 2024 campaign. In 2022, she ran for Congress in New Hampshire, winning a 10-way Republican primary before losing to Democratic Rep. Chris Pappas. Leavitt worked in the White House press office during Trump's first term before she became communications director for New York Republican Rep. Elise Stefanik, Trump's choice for U.S. ambassador to the United Nations. Former Hawaii Rep. Tulsi Gabbard has been tapped by Trump to be director of national intelligence, keeping with the trend to stock his Cabinet with loyal personalities rather than veteran professionals in their requisite fields. Gabbard, 43, was a Democratic House member who unsuccessfully sought the party's 2020 presidential nomination before leaving the party in 2022. She endorsed Trump in August and campaigned often with him this fall. “I know Tulsi will bring the fearless spirit that has defined her illustrious career to our Intelligence Community,” Trump said in a statement. Gabbard, who has served in the Army National Guard for more than two decades, deploying to Iraq and Kuwait, would come to the role as somewhat of an outsider compared to her predecessor. The current director, Avril Haines, was confirmed by the Senate in 2021 following several years in a number of top national security and intelligence positions. Trump has picked John Ratcliffe, a former Texas congressman who served as director of national intelligence during his first administration, to be director of the Central Intelligence Agency in his next. Ratcliffe was director of national intelligence during the final year and a half of Trump's first term, leading the U.S. government's spy agencies during the coronavirus pandemic. “I look forward to John being the first person ever to serve in both of our Nation's highest Intelligence positions,” Trump said in a statement, calling him a “fearless fighter for the Constitutional Rights of all Americans” who would ensure “the Highest Levels of National Security, and PEACE THROUGH STRENGTH.” Kash Patel spent several years as a Justice Department prosecutor before catching the Trump administration’s attention as a staffer on Capitol Hill who helped investigate the Russia probe. Patel called for dramatically reducing the agency’s footprint, a perspective that sets him apart from earlier directors who sought additional resources for the bureau. Though the Justice Department in 2021 halted the practice of secretly seizing reporters’ phone records during leak investigations, Patel said he intends to aggressively hunt down government officials who leak information to reporters. Trump has chosen former New York Rep. Lee Zeldin to serve as his pick to lead the Environmental Protection Agency . Zeldin does not appear to have any experience in environmental issues, but is a longtime supporter of the former president. The 44-year-old former U.S. House member from New York wrote on X , “We will restore US energy dominance, revitalize our auto industry to bring back American jobs, and make the US the global leader of AI.” “We will do so while protecting access to clean air and water,” he added. During his campaign, Trump often attacked the Biden administration's promotion of electric vehicles, and incorrectly referring to a tax credit for EV purchases as a government mandate. Trump also often told his audiences during the campaign his administration would “Drill, baby, drill,” referring to his support for expanded petroleum exploration. In a statement, Trump said Zeldin “will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet.” Trump has named Brendan Carr, the senior Republican on the Federal Communications Commission, as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband. Carr is a longtime member of the commission and served previously as the FCC’s general counsel. He has been unanimously confirmed by the Senate three times and was nominated by both Trump and President Joe Biden to the commission. Carr made past appearances on “Fox News Channel," including when he decried Democratic Vice President Kamala Harris' pre-Election Day appearance on “Saturday Night Live.” He wrote an op-ed last month defending a satellite company owned by Trump supporter Elon Musk. Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation. “He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump wrote on Truth Social. The commission oversees U.S. securities markets and investments and is currently led by Gary Gensler, who has been leading the U.S. government’s crackdown on the crypto industry. Gensler, who was nominated by President Joe Biden, announced last month that he would be stepping down from his post on the day that Trump is inaugurated — Jan. 20, 2025. Atkins began his career as a lawyer and has a long history working in the financial markets sector, both in government and private practice. In the 1990s, he worked on the staffs of two former SEC chairmen, Richard C. Breeden and Arthur Levitt. Jared Isaacman, 41, is a tech billionaire who bought a series of spaceflights from Elon Musk’s SpaceX and conducted the first private spacewalk . He is the founder and CEO of a card-processing company and has collaborated closely with Musk ever since buying his first chartered SpaceX flight. He took contest winners on that 2021 trip and followed it in September with a mission where he briefly popped out the hatch to test SpaceX’s new spacewalking suits. Rep. Elise Stefanik is a representative from New York and one of Trump's staunchest defenders going back to his first impeachment. Elected to the House in 2014, Stefanik was selected by her GOP House colleagues as House Republican Conference chair in 2021, when former Wyoming Rep. Liz Cheney was removed from the post after publicly criticizing Trump for falsely claiming he won the 2020 election. Stefanik, 40, has served in that role ever since as the third-ranking member of House leadership. Stefanik’s questioning of university presidents over antisemitism on their campuses helped lead to two of those presidents resigning, further raising her national profile. If confirmed, she would represent American interests at the U.N. as Trump vows to end the war waged by Russia against Ukraine begun in 2022. He has also called for peace as Israel continues its offensive against Hamas in Gaza and its invasion of Lebanon to target Hezbollah. President-elect Donald Trump says he's chosen former acting Attorney General Matt Whitaker to serve as U.S. ambassador to NATO. Trump has expressed skepticism about the Western military alliance for years. Trump said in a statement Wednesday that Whitaker is “a strong warrior and loyal Patriot” who “will ensure the United States’ interests are advanced and defended” and “strengthen relationships with our NATO Allies, and stand firm in the face of threats to Peace and Stability.” The choice of Whitaker as the nation’s representative to the North Atlantic Treaty Organization is an unusual one, given his background is as a lawyer and not in foreign policy. President-elect Donald Trump tapped former Sen. David Perdue of Georgia to be ambassador to China, saying in a social media post that the former CEO “brings valuable expertise to help build our relationship with China.” Perdue lost his Senate seat to Democrat Jon Ossoff four years ago and ran unsuccessfully in a primary against Republican Georgia Gov. Brian Kemp. Perdue pushed Trump's debunked lies about electoral fraud during his failed bid for governor. Trump will nominate former Arkansas Gov. Mike Huckabee to be ambassador to Israel. Huckabee is a staunch defender of Israel and his intended nomination comes as Trump has promised to align U.S. foreign policy more closely with Israel's interests as it wages wars against the Iran-backed Hamas and Hezbollah. “He loves Israel, and likewise the people of Israel love him,” Trump said in a statement. “Mike will work tirelessly to bring about peace in the Middle East.” Huckabee, who ran unsuccessfully for the Republican presidential nomination in 2008 and 2016, has been a popular figure among evangelical Christian conservatives, many of whom support Israel due to Old Testament writings that Jews are God’s chosen people and that Israel is their rightful homeland. Trump has been praised by some in this important Republican voting bloc for moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. Guilfoyle is a former California prosecutor and television news personality who led the fundraising for Trump's 2020 campaign and became engaged to Don Jr. in 2020. Trump called her “a close friend and ally” and praised her “sharp intellect make her supremely qualified.” Guilfoyle was on stage with the family on election night. “I am so proud of Kimberly. She loves America and she always has wanted to serve the country as an Ambassador. She will be an amazing leader for America First,” Don Jr. posted. The ambassador positions must be approved by the U.S. Senate. Guilfoyle said in a social media post that she was “honored to accept President Trump’s nomination to serve as the next Ambassador to Greece and I look forward to earning the support of the U.S. Senate.” Trump on Tuesday named real estate investor Steven Witkoff to be special envoy to the Middle East. The 67-year-old Witkoff is the president-elect's golf partner and was golfing with him at Trump's club in West Palm Beach, Florida, on Sept. 15, when the former president was the target of a second attempted assassination. Witkoff “is a Highly Respected Leader in Business and Philanthropy,” Trump said of Witkoff in a statement. “Steve will be an unrelenting Voice for PEACE, and make us all proud." Trump also named Witkoff co-chair, with former Georgia Sen. Kelly Loeffler, of his inaugural committee. Trump said Wednesday that he will nominate Gen. Keith Kellogg to serve as assistant to the president and special envoy for Ukraine and Russia. Kellogg, a retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as National Security Advisor to Trump's former Vice President Mike Pence. For the America First Policy Institute, one of several groups formed after Trump left office to help lay the groundwork for the next Republican administration, Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” (AP Photo/Mariam Zuhaib) Trump asked Rep. Michael Waltz, R-Fla., a retired Army National Guard officer and war veteran, to be his national security adviser, Trump announced in a statement Tuesday. The move puts Waltz in the middle of national security crises, ranging from efforts to provide weapons to Ukraine and worries about the growing alliance between Russia and North Korea to the persistent attacks in the Middle East by Iran proxies and the push for a cease-fire between Israel and Hamas and Hezbollah. “Mike has been a strong champion of my America First Foreign Policy agenda,” Trump's statement said, "and will be a tremendous champion of our pursuit of Peace through Strength!” Waltz is a three-term GOP congressman from east-central Florida. He served multiple tours in Afghanistan and also worked in the Pentagon as a policy adviser when Donald Rumsfeld and Robert Gates were defense chiefs. He is considered hawkish on China, and called for a U.S. boycott of the 2022 Winter Olympics in Beijing due to its involvement in the origin of COVID-19 and its mistreatment of the minority Muslim Uighur population. Stephen Miller, an immigration hardliner , was a vocal spokesperson during the presidential campaign for Trump's priority of mass deportations. The 39-year-old was a senior adviser during Trump's first administration. Miller has been a central figure in some of Trump's policy decisions, notably his move to separate thousands of immigrant families. Trump argued throughout the campaign that the nation's economic, national security and social priorities could be met by deporting people who are in the United States illegally. Since Trump left office in 2021, Miller has served as the president of America First Legal, an organization made up of former Trump advisers aimed at challenging the Biden administration, media companies, universities and others over issues such as free speech and national security. Thomas Homan, 62, has been tasked with Trump’s top priority of carrying out the largest deportation operation in the nation’s history. Homan, who served under Trump in his first administration leading U.S. Immigration and Customs Enforcement, was widely expected to be offered a position related to the border, an issue Trump made central to his campaign. Though Homan has insisted such a massive undertaking would be humane, he has long been a loyal supporter of Trump's policy proposals, suggesting at a July conference in Washington that he would be willing to "run the biggest deportation operation this country’s ever seen.” Democrats have criticized Homan for his defending Trump's “zero tolerance” policy on border crossings during his first administration, which led to the separation of thousands of parents and children seeking asylum at the border. Customs and Border Protection, with its roughly 60,000 employees, falls under the Department of Homeland Security. It includes the Border Patrol, which Rodney Scott led during Trump's first term, and is essentially responsible for protecting the country's borders while facilitating trade and travel. Scott comes to the job firmly from the Border Patrol side of the house. He became an agent in 1992 and spent much of his career in San Diego. When he was appointed head of the border agency in January 2020, he enthusiastically embraced Trump's policies. After being forced out under the Biden administration, Scott has been a vocal supporter of Trump's hard-line immigration agenda. He appeared frequently on Fox News and testified in Congress. He's also a senior fellow at the Texas Public Policy Foundation. Former Rep. Billy Long represented Missouri in the U.S. House from 2011 to 2023. Since leaving Congress, Trump said, Long “has worked as a Business and Tax advisor, helping Small Businesses navigate the complexities of complying with the IRS Rules and Regulations.” Former Georgia Sen. Kelly Loeffler was appointed in January 2020 by Georgia Gov. Brian Kemp and then lost a runoff election a year later. She started a conservative voter registration organization and dived into GOP fundraising, becoming one of the top individual donors and bundlers to Trump’s 2024 comeback campaign. Even before nominating her for agriculture secretary, the president-elect already had tapped Loeffler as co-chair of his inaugural committee. Dr. Mehmet Oz, 64, is a former heart surgeon who hosted “The Dr. Oz Show,” a long-running daytime television talk show. He ran unsuccessfully for the U.S. Senate as the Republican nominee in 2022 and is an outspoken supporter of Trump, who endorsed Oz's bid for elected office. Elon Musk, left, and Vivek Ramaswamy speak before Republican presidential nominee former President Donald Trump at an Oct. 27 campaign rally at Madison Square Garden in New York. Trump on Tuesday said Musk and former Republican presidential candidate Ramaswamy will lead a new “Department of Government Efficiency" — which is not, despite the name, a government agency. The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. Trump said Musk and Ramaswamy will work from outside the government to offer the White House “advice and guidance” and will partner with the Office of Management and Budget to “drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.” He added the move would shock government systems. It's not clear how the organization will operate. Musk, owner of X and CEO of Tesla and SpaceX, has been a constant presence at Mar-a-Lago since Trump won the presidential election. Ramaswamy suspended his campaign in January and threw his support behind Trump. Trump said the two will “pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.” Russell Vought held the position during Trump’s first presidency. After Trump’s initial term ended, Vought founded the Center for Renewing America, a think tank that describes its mission as “renew a consensus of America as a nation under God.” Vought was closely involved with Project 2025, a conservative blueprint for Trump’s second term that he tried to distance himself from during the campaign. Vought has also previously worked as the executive and budget director for the Republican Study Committee, a caucus for conservative House Republicans. He also worked at Heritage Action, the political group tied to The Heritage Foundation, a conservative think tank. Trump says he’s picking Kari Lake as director of Voice of America, installing a staunch loyalist who ran unsuccessfully for Arizona governor and a Senate seat to head the congressionally funded broadcaster that provides independent news reporting around the world. Lake endeared herself to Trump through her dogmatic commitment to the falsehood that both she and Trump were the victims of election fraud. She has never acknowledged losing the gubernatorial race and called herself the “lawful governor” in her 2023 book, “Unafraid: Just Getting Started.” Dan Scavino, deputy chief of staff Scavino, whom Trump's transition referred to in a statement as one of “Trump's longest serving and most trusted aides,” was a senior adviser to Trump's 2024 campaign, as well as his 2016 and 2020 campaigns. He will be deputy chief of staff and assistant to the president. Scavino had run Trump's social media profile in the White House during his first administration. He was also held in contempt of Congress in 2022 after a month-long refusal to comply with a subpoena from the House committee’s investigation into the Jan. 6, 2021, attack on the U.S. Capitol. James Blair, deputy chief of staff Blair was political director for Trump's 2024 campaign and for the Republican National Committee. He will be deputy chief of staff for legislative, political and public affairs and assistant to the president. Blair was key to Trump's economic messaging during his winning White House comeback campaign this year, a driving force behind the candidate's “Trump can fix it” slogan and his query to audiences this fall if they were better off than four years ago. Taylor Budowich, deputy chief of staff Budowich is a veteran Trump campaign aide who launched and directed Make America Great Again, Inc., a super PAC that supported Trump's 2024 campaign. He will be deputy chief of staff for communications and personnel and assistant to the president. Budowich also had served as a spokesman for Trump after his presidency. Jay Bhattacharya, National Institutes of Health Trump has chosen Dr. Jay Bhattacharya to lead the National Institutes of Health. Bhattacharya is a physician and professor at Stanford University School of Medicine, and is a critic of pandemic lockdowns and vaccine mandates. He promoted the idea of herd immunity during the pandemic, arguing that people at low risk should live normally while building up immunity to COVID-19 through infection. The National Institutes of Health funds medical research through competitive grants to researchers at institutions throughout the nation. NIH also conducts its own research with thousands of scientists working at its labs in Bethesda, Maryland. Dr. Marty Makary, Food and Drug Administration Makary is a Johns Hopkins surgeon and author who argued against pandemic lockdowns. He routinely appeared on Fox News during the COVID-19 pandemic and wrote opinion articles questioning masks for children. He cast doubt on vaccine mandates but supported vaccines generally. Makary also cast doubt on whether booster shots worked, which was against federal recommendations on the vaccine. Dr. Janette Nesheiwat, Surgeon General Nesheiwat is a general practitioner who serves as medical director for CityMD, a network of urgent care centers in New York and New Jersey. She has been a contributor to Fox News. Dr. Dave Weldon, U.S. Centers for Disease Control and Prevention Weldon is a former Florida congressman who recently ran for a Florida state legislative seat and lost; Trump backed Weldon’s opponent. In Congress, Weldon weighed in on one of the nation’s most heated debates of the 1990s over quality of life and a right-to-die and whether Terri Schiavo, who was in a persistent vegetative state after cardiac arrest, should have been allowed to have her feeding tube removed. He sided with the parents who did not want it removed. Jamieson Greer, U.S. trade representative Kevin Hassett, Director of the White House National Economic Council Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team. He announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the White House National Economic Council. While Trump has in several cases nominated outsiders to key posts, these picks reflect a recognition that his reputation will likely hinge on restoring the public’s confidence in the economy. Trump said in a statement that Greer was instrumental in his first term in imposing tariffs on China and others and replacing the trade agreement with Canada and Mexico, “therefore making it much better for American Workers.” Hassett, 62, served in the first Trump term as chairman of the Council of Economic Advisers. He has a doctorate from the University of Pennsylvania and worked at the right-leaning American Enterprise Institute before joining the Trump White House in 2017. Ron Johnson, Ambassador to Mexico Johnson — not the Republican senator — served as ambassador to El Salvador during Trump's first administration. His nomination comes as the president-elect has been threatening tariffs on Mexican imports and the mass deportation of migrants who have arrived to the U.S.-Mexico border. Johnson is also a former U.S. Army veteran and was in the Central Intelligence Agency. Tom Barrack, Ambassador to Turkey Barrack, a wealthy financier, met Trump in the 1980s while helping negotiate Trump’s purchase of the renowned Plaza Hotel. He was charged with using his personal access to the former president to secretly promote the interests of the United Arab Emirates, but was acquitted of all counts at a federal trial in 2022. Trump called him a “well-respected and experienced voice of reason.” Andrew Ferguson, Federal Trade Commission Ferguson, who is already one of the FTC's five commissioners, will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior. “Andrew has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country,” Trump wrote on Truth Social, adding, “Andrew will be the most America First, and pro-innovation FTC Chair in our Country’s History.” Jacob Helberg, undersecretary of state for economic growth, energy and the environment Dan Bishop, deputy director for budget at the Office of Budget and Management Leandro Rizzuto, Ambassador to the Washington-based Organization of American States Dan Newlin, Ambassador to Colombia Peter Lamelas, Ambassador to Argentina Stay up-to-date on the latest in local and national government and political topics with our newsletter.
ATM swap: Mohali man loses ₹2L5 top tech gifts for the holidays
