Connect with us

Hi, what are you looking for?

Investing

Trump team signs memorandum of understanding with Biden White House to formalize transition

President-elect Trump’s transition team announced on Tuesday that it has agreed to a memorandum of understanding with the Biden White House allowing the two sides to formally begin the transition of power.

‘After completing the selection process of his incoming Cabinet, President-elect Trump is entering the next phase of his administration’s transition by executing a Memorandum of Understanding with President Joe Biden’s White House,’ Trump’s chief of staff, Susie Wiles, announced in a press release.

‘This engagement allows our intended Cabinet nominees to begin critical preparations, including the deployment of landing teams to every department and agency, and complete the orderly transition of power.’

The press release went on to explain that the transition ‘will not utilize taxpayer funding for costs related to the transition’ in order to be ‘consistent with President Trump’s commitment to save taxpayers’ hard-earned money.’

The press release added that the transition will ‘operate as a self-sufficient organization’ in a ‘streamlined’ manner and that ‘security and information protections’ are already built in so that ‘additional government bureaucratic oversight’ will not be required. 

The transition team also said an ‘existing’ ethics plan is in place that will be posted to the website of the General Services Administration. 

‘The Transition landing teams will quickly integrate directly into federal agencies and departments with access to documents and policy sharing,’ the press release stated. ‘Per the agreement, the Transition will disclose the landing team members to the Biden Administration.’

Fox News Digital reached out to the White House for comment but did not immediately receive a response. 

Trump has been facing heat from his Democratic critics in recent weeks for not agreeing to the memorandum sooner. Sen. Elizabeth Warren, D-Mass., sent a letter to the GSA last week slamming the president-elect.

Signing the documents means the government can now provide security clearances and briefings to incoming administration officials and the FBI can screen Trump’s picks for the Cabinet and other key posts. The agreements also provide ‘office space, IT equipment, office supplies, fleet vehicles, mail management, and payment of compensation and other expenses,’ according to the GSA. 

That process is designed to uncover personal problems, criminal histories and other potential red flags that would raise questions about a nominee’s suitability for key jobs. 

Fox News Digital’s Greg Norman contributed to this report

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    World biggest companies

    You May Also Like

    Economy

    Top 15 Richest Self-made Men from 2000 to 2023 Welcome to our video showcasing the wealth evolution of the top 15 richest self-made men...

    Investing

    Israel carried out limited strikes in Iran early Friday in retaliation for Tehran firing a barrage of missiles and drones at Israel last Saturday....

    Latest News

    At least 21 people were killed, including two children, when a passenger bus plunged from a bridge in Mestre, Italy, near Venice on Tuesday,...

    Latest News

    Israel and Hamas have reached a deal for a four-day pause in fighting and the release of at least 50 women and children held...

    Disclaimer: Tradetalkslive.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 tradetalkslive.com