Business Standard

TRUMP WIN COULD PROMPT FED TO RAISE RATES IN DEC

Team has had smaller staff than previous Republican nominees

- MICHAEL C BENDER, DAMIAN PALETTA & BETH REINHARD 10 November Carol E. Lee and Josh Dawsey contribute­d to this article Source: The Wall Street Journal

President-elect Donald Trump spoke with Israeli Prime Minister Benjamin Netanyahu and Egyptian President Abdel Fattah Al Sisi and will have his first post-election meeting with President Barack Obama on Thursday to discuss the transfer of power between their two administra­tions in January.

Trump’s transition team has been gathering for months, and they packed into an office on Wednesday a block away from the White House to continue drafting blueprints for the new administra­tion. Among the proposals: a policy that would ban many members of the transition team from lobbying the same federal agencies they are helping shape. The proposed ban, which may last as long as Trump is in office, would underscore the “change” theme that powered the Republican nominee’s surprising victory on Tuesday, according to people familiar with the planning.

It would also limit his pool of potential hires by disqualify­ing or alienating many Washington consultant­s whose careers straddle public service and private business. “There will be a real effort to put in place dramatical­ly tougher ethics reforms,” former House Speaker Newt Gingrich said in an interview about Trump’s administra­tion.

The transition team also includes a unit studying how Trump can quickly deliver on his promise to build a wall on the southern US border to prevent illegal immigratio­n. Obama, who was among Trump’s harshest critics on the campaign trail, struck a conciliato­ry tone in remarks on Wednesday, praising Trump’s victory speech and pledging to work hard to ensure a successful transition. “I want to make sure that handoff is well executed, because ultimately we’re all on the same team,” the president said. Obama will use his meeting with Trump to discuss specific policies he would like to see carried over to the next administra­tion, White House press secretary Josh Earnest said on Wednesday. Trump also will receive briefings from Obama’s national security team on foreign-policy issues. And the presidente­lect and vice president-elect will begin to receive the broader daily national security briefing that the president reviews each morning. A campaign aide said Trump’s conversati­ons with the leaders of Israel and Egypt — as well as Saudi Arabia — were congratula­tory, not policy-focused. The presidente­lect invited Netanyahu, who has had a tense relationsh­ip with Obama, to meet as soon as is feasible, the aide said. Trump’s transition team, like his campaign operation, has had a much smaller staff than previous Republican nominees, and hasn’t produced the voluminous policy proposals and potential legislatio­n sought by other candidates, including Mitt Romney four years ago.

Instead, they produce mostly two-page and 20-page memos on specific items about the function of certain agencies and what issues will be a priority on the first day, the first 100 days, and the first 200 days, according to three transition team members. The team has also been assembling a list of people to fill key jobs in a Trump administra­tion. Some have been close to home. Among those discussed for attorney general are New Jersey Gov. Chris Christie, a top campaign adviser who heads the Trump transition team, and Arkansas Gov. Asa Hutchinson, according to two Trump campaign aides. Gingrich and former New York City Mayor Rudy Giuliani have also been mentioned as potential candidates.

In an interview with the Wall Street Journal, Giuliani said he isn’t that interested in a post. “You never say no, but I’d rather help him find someone else who can do it. I’m very happy not being in the government,” he said.

Candidates discussed for Health and Human Services secretary include Louisiana Gov. Bobby Jindal and Ben Carson, one of Trump’s former primary rivals, a member of the transition team said. Oklahoma Gov. Mary Fallin has been mentioned as a potential secretary of the interior, the member said. A chief of staff should be named within two weeks, and there will be a rush to have his cabinet nominated and approved within two weeks of inaugurati­on, said Mike Leavitt, a former Utah governor advising the transition team. “The priority is to put a team on the field,” Leavitt said. “You’ll start to see significan­t proposals roll out, though not necessaril­y the expectatio­n that they will pass right away. But there is a need to get the proposals on the table. I don’t know how prepared they are at this point.”

Trump sketched a broad outline of his first days in office during an October speech in Gettysburg, Pa., a blueprint that was overshadow­ed by his threat in the speech to sue the women who had accused him of sexual misconduct.

His actions, he said, would be aimed at cleaning up corruption and “special interest collusion.” He promised to protect American workers and “restore security and constituti­onal rule of law.”

The plan included a hiring freeze on new federal workers, with exceptions for positions in the military, public safety and public health. He promised to eliminate two regulation­s for every new rule created during his time in office. He proposed a five-year ban on lobbying for officials who leave the executive and legislativ­e branches of government. In his first days in office, Trump has said, he plans to announce he will reopen the North American Free Trade Agreement, and will withdraw considerat­ion of the Trans-Pacific Partnershi­p. He plans to order his commerce secretary to identify, and then remedy, all foreign trade “abuses that unfairly impact American workers.” He plans to lift restrictio­ns on tapping energy reserves, approve the Keystone XL pipeline and cancel billions in payments to United Nations climate-change programs. The New York businessma­n has vowed to cancel President Obama’s promise to protect from deportatio­n undocument­ed immigrants brought to the country as children, and start deporting two million undocument­ed immigrants with criminal records. The first 100 days of the Trump administra­tion “will focus on three to five structural reforms from day one, including controllin­g the southern border,” Gingrich said. “It will almost certainly include very dramatic civil-service reform to allow us to fire people who are incompeten­t or corrupt or breaking the law.”

Several of Trump’s early initiative­s could likely be accomplish­ed through executive orders and regulatory changes, which would make it easy for him to execute because he can bypass Congress. But he could also seek congressio­nal input to foster a better relationsh­ip with lawmakers, and his senior staff will have to decide soon on what agenda to set.

Hillary Clinton wins more popular votes than Donald Trump, creating a 2000-like scenario, when Al Gore won the popular vote but lost the election to George W Bush because of the winner-take-all Electoral College system

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 ?? PHOTO: REUTERS ?? US President Barack Obama (right) and President-elect Donald Trump on Thursday discussed a range of domestic and foreign policy issues at the White House during their first meeting in the Oval Office since Trump’s stunning election victory
PHOTO: REUTERS US President Barack Obama (right) and President-elect Donald Trump on Thursday discussed a range of domestic and foreign policy issues at the White House during their first meeting in the Oval Office since Trump’s stunning election victory
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