“Expect the White House to tout a new milestone on Monday: $1 trillion of private sector money put toward clean technology and manufacturing — investments officials say are a result of Biden-era legislation,” Axios reports.
Many Ideologies Behind the Veil of ‘America First’
David Sanger: “There is a revenge team, led by prospective nominees with instructions to rip apart the Justice Department, the intelligence agencies and the Defense Department, hunting down the so-called deep state and anyone who participated in the prosecutions of Mr. Trump.”
“There is a calm-the-markets team, which Mr. Trump hopes will be led by Scott Bessent, the Wall Street billionaire who Mr. Trump chose for Treasury secretary. Mr. Bessent can recite the MAGA lines about deregulation and lower taxes but would likely try to make sure Mr. Trump’s most extreme solutions, like inflation-inducing tariffs on foreign goods, do not end the post-election stock market surge.”
“And then there is a government shrinkage team, led by Elon Musk and Vivek Ramaswamy, whose goals are wildly ambitious, to put it mildly.”
Trump’s Pick for Labor Secretary Criticized
Some conservatives are criticizing Donald Trump’s choice for labor secretary, Rep. Lori Chavez-DeRemer (R-OR) for being too close to labor unions, Punchbowl News reports.
A War on Washington
“Elon Musk and Vivek Ramaswamy are interviewing job candidates and seeking advice from experts in Washington and Silicon Valley — pushing a sweeping vision for the ‘Department of Government Efficiency’ past the realm of memes and viral posts into potential real-world disruption,” the Washington Post reports.
“Tapped by President-elect Donald Trump to lead an advisory panel to find ‘drastic’ cuts to the federal government, the billionaire ‘DOGE’ leaders have spent the past week in Washington and at Mar-a-Lago, seeking staff and interviewing seasoned Washington operators, legal specialists and top tech leaders.”
How Democrats Lost Their Base and Their Message
Nate Cohn: “It has long been clear that the rise of Donald J. Trump meant the end of the Republican Party as we once knew it.”
“It has belatedly become clear that his rise may have meant the end of the Democratic Party as we knew it as well.”
“After three Trump elections, almost every traditional Democratic constituency has swung to the right. In fact, Mr. Trump has made larger gains among Black, Hispanic, Asian American and young voters in his three campaigns since 2016 than he has among white voters without a college degree, according to New York Times estimates. In each case, Mr. Trump fared better than any Republican in decades.”
National Debt Puts Trump’s Promises at Risk
Associated Press: “Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security.”
“The higher cost of servicing the debt gives Trump less room to maneuver with the federal budget as he seeks income tax cuts. It’s also a political challenge because higher interest rates have made it costlier for many Americans to buy a home or new automobile. And the issue of high costs helped Trump reclaim the presidency in November’s election.”
The Big Decision Facing Kamala Harris
Playbook: “Her tropical interlude hasn’t been entirely about R&R. Harris has spent a lot of time on the phone since her loss to Donald Trump three weeks ago tomorrow. And she has given all of the allies she has spoken to the same message: ‘I am staying in the fight.’”
“The question she faces is: In what capacity does she plan to do her fighting?”
“Put simply, Harris has two possible tracks should she wish to stake a place at the highest level of Democratic politics: (1) position herself for a 2028 presidential run or (2) pursue a run for California governor in 2026.”
NPR: After Harris’ loss, black female political organizers are unsure what to do next.
Trump’s Cuts Are About Retribution, Not Efficiency
Dan Balz: “Trump, Musk and Ramaswamy have huge ambitions and no humility about what they are undertaking. What they have talked about amounts to a wholesale attack on federal agencies designed to eliminate thousands of regulations, reduce the federal workforce by an order of magnitude that could cripple the delivery of vital services, and effect cost savings that would amount to nearly one-third of the federal budget, or the entire discretionary part of the budget and then some.”
“All government bureaucracies need occasional overhaul and rejuvenation. Trump’s motivation is more about punishment and retribution. His Cabinet choices point to that.”
Business Donors Overwhelmingly Bet on the GOP
Politico: “Thousands of industry donors poured over $425 million into the general election this year, mostly backing the Republican Party and its pledges to repeal regulations and cut taxes.”
“Industries like agriculture and defense came out ahead with nearly all their backed candidates winning.”
The Case for Commuting Hunter Biden’s Sentence
Ankush Khardori: “There has been speculation in Washington for months about whether Biden will pardon his son. The question raises a host of considerations — legal, political, practical and historic — that cannot be easily disentangled or reconciled. But, in the end, should he do it?”
“Particularly in the wake of Trump’s victory, Biden is on strong ground — at a minimum — to commute any sentence of imprisonment for his son Hunter before he leaves office. Not a pardon exactly, but an important show of mercy.”
“A commutation would not wipe the slate clean like a pardon. It would not suggest Hunter Biden was innocent or deserved forgiveness for his crimes, but it would spare him potentially years behind bars and avoid further pain for the Biden family.”
Europe Is Already Under Attack from Russia
Politico: “Russian tanks may not be rolling into Poland or Estonia, but Moscow’s aggression is getting harder to dismiss… While some governments — especially in Nordic and Baltic countries — have tried to raise the alarm, the collective response from the EU and NATO has so far been notably tame.”
Washington Curtails Intel’s Chip Grant After Stumbles
“The Biden administration plans to reduce Intel’s preliminary $8.5 billion federal CHIPS grant, a move that follows the California-based company’s investment delays and broader business struggles,” the New York Times reports.
“Intel, the biggest recipient of money under the CHIPS Act, will see its funding drop to less than $8 billion from the $8.5 billion that was announced earlier this year.”
Semafor: Biden administration rushes to distribute final chips program funding.
Trump Considers Defense Financiers for Top Pentagon Spot
“Two financiers are in the running to be the deputy secretary of defense, a competition that pits a publicity-averse private-equity investor against an outspoken venture capitalist,” the Wall Street Journal reports.
“Trae Stephens, a partner at Peter Thiel’s Founders Fund venture-capital firm, is under consideration by President-elect Donald Trump to become the deputy secretary of defense. Billionaire investor Stephen Feinberg, who led the president’s intelligence advisory board in the first Trump administration, is also in the running.”
“The selection of either investor could come as welcome news for the hundreds of new defense startups that have entered the military market in recent years.”
Trump Adviser Agrees About ‘Our Adversaries’
“Rep. Michael Waltz (R-FL) said Sunday that he has met with President Joe Biden’s National Security adviser Jake Sullivan — and that the two administrations are working collaboratively on national security issues during the transition,” Politico reports.
Said Waltz: “Jake Sullivan and I have had discussions, we’ve met. For our adversaries out there that think this is a time of opportunity, that they can play one administration off the other — they are wrong.”
The Right Has a Bluesky Problem
The Atlantic: “Since Elon Musk bought Twitter in 2022 and subsequently turned it into X, disaffected users have talked about leaving once and for all. Maybe they’d post some about how X has gotten worse to use, how it harbors white supremacists, how it pushes right-wing posts into their feed, or how distasteful they find the fact that Musk has cozied up to Donald Trump. Then they’d leave. Or at least some of them did. For the most part, X has held up as the closest thing to a central platform for political and cultural discourse.”
“But that may have changed. After Trump’s election victory, more people appear to have gotten serious about leaving… Many of these users have fled to Bluesky: The Twitter-like microblogging platform has added about 10 million new accounts since October.”
Follow Political Wire on Bluesky @politicalwire.com.
GOP Senator Says No One Cares About Background Checks
Sen. Bill Hagerty (R-TN), a prominent ally of Donald Trump, said voters don’t care who conducts background checks into the president-elect’s Cabinet picks and that Trump would fire members of his administration who don’t follow the policy he sets out, ABC News reports.
Sherrod Brown May Run Again
Sen. Sherrod Brown, who was defeated Nov. 5 in his reelection bid, said he won’t rule out running for the Senate again or for governor of Ohio in 2026, Politico reports.
Trump Starts Transition on Positive Note
A new CBS News poll finds President-elect Donald Trump’s incoming administration starts off with mostly good will from the public: a majority of Americans overall are either happy or at least satisfied that he won and are either excited or optimistic about what he’ll do as president.
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