President Trump will sign an executive order to water down the 2010 Dodd-Frank financial regulatory framework put into effect in response to the financial crisis. White House National Economic Council Director Cohn:
Americans are going to have better choices and Americans are going to have better products because we’re not going to burden the banks with literally hundreds of billions of dollars of regulatory costs every year.
NBC reports that President Trump could put sanctions on Iran, in response to the continuous terrorist activity and repeated ballistic missile tests. Iran insists that it did not break the current nuclear deal since the missile was not capable of delivering a nuclear warhead.
A senior transition official says that Ross, a billionaire, is Trump’s pick for Commerce secretary. If chosen, Ross would oversee nearly 47,000 employees and a budget of roughly $8 billion. The department represents the interests of U.S. businesses domestically and abroad as the head at Commerce. His department would be among those tasked with carrying out the Trump administration’s stated goal of protecting U.S. workers and pushing back against globalisation.
The Wall Street Journal reports that Romney is the candidate favoured by Trump for the position of Secretary of State. Giuliani supporters are pushing Trump to choose their candidate. A third group is pressing the president-elect to keep searching for candidates. The paper says Trump sees Romney as the prototypical choice to be the nation’s top diplomat.
Sources say Bolling has discussed the possibility of taking a position in Trump’s administration in the Department of Commerce. Bolling was spotted at Trump Tower in New York City on Wednesday by the press pool and may have visited again on Friday. Bolling:
At this time I can’t confirm anything. I’m sure you understand.
A senior official offers says Trump has offered retired Lt. Gen. Flynn the job of national security adviser. The official wouldn’t say whether Flynn has officially accepted the job.
A source says Romney will meet with Trump this weekend to discuss the secretary of state position. No further details have been released at this time.