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President-elect Joe Biden has decided whom to nominate as his secretary of the Treasury Department. Biden said Thursday that the decision will be announced just before or after Thanksgiving and that “you’ll find it is someone who I think will be accepted by all elements of the Democratic Party, progressives through the moderate coalition.”Biden spoke to reporters after participating in a video conference with a group of several governors from both parties, telling them he wanted to be their partner in the White House.The governors talked about the need for government officials to be clear with Americans about what to expect as the virus surges. He says, “They all acknowledge this is going to take a massive education campaign.”The governors, according to Biden, expressed concern that it took eight months to deliver 100 million COVID-19 tests, so how will millions more vaccines be effectively delivered.Biden called the pandemic a “national emergency” and there should be FEMA assistance and federal funding available to help states and deploy National Guard teams when needed.Biden’s treasury secretary would lead his economic team as many businesses and Americans struggle to recover while the coronavirus pandemic continues.During questioning from reporters, Biden reiterated he did not support a full national shutdown, “no national shutdown.” He said it wasn’t about a national shutdown, but about knowing what the threshold in each region is.“Because every region, every area, can be different,” Biden said. “There is no scenario I see for a national shutdown.”He also called on the GSA to ascertain the election results and allow the transition to move forward, saying that the lack of information about the current status of the federal coronavirus response could delay efforts next year. 1816

REDONDO BEACH, Calif. (AP) — Defense contractor Northrop Grumman will be moving secret cargo through a Southern California marina this weekend.The Daily Breeze reports part of King Harbor Marina in Redondo Beach will be shut down from 5 p.m. Friday to 5 p.m. Sunday for the move of what is described as a U.S. Navy demonstration project.The large object will be taken from a Northrop Grumman facility in Redondo Beach to a barge for shipment to San Diego.The newspaper says that during a Redondo Beach City Council meeting this week, Northrop Grumman officials cited national security concerns in declining to provide information about the object.The company agreed on Oct. 15 to pay the city ,000 for a licensing agreement to use the marina and for any costs the city incurs. 787

President Donald Trump's tariffs were supposed to shrink America's trade deficit, but it has instead grown for five straight months and is on track to hit a record high before the end of the year.The monthly goods deficit grew by billion in October, according to a US Census report released Wednesday.The Census report is one of the first measures of trade released since Trump imposed his biggest round of tariffs in September on 0 billion of Chinese goods. It put a 10% tax on goods ranging from luggage to bikes and baseball gloves. Trump has threatened to increase the rate to 25% on January 1.The duties make it more expensive for US importers to buy those items, but Americans bought more goods from abroad in October than they did the month before. The figure may reflect stockpiling by American importers ahead of an additional hike in tariffs set to take effect in January, as well as strong consumer spending."There is some anecdotal evidence that US importers are likely pulling forward orders to get ahead of additional tariffs on Chinese goods, which could be one of the factors driving imports higher in recent months," said Pooja Sriram, an economist at Barclays.Last year's federal tax cuts have also put more money back into Americans' pockets, lifting demand for imports even if they're more expensive."We believe that domestic demand is likely to be sufficiently robust so as to keep imports elevated even after any additional tariffs," Sriram said.Additional data due out next week on trade of both goods and services is expected to show a 10-year high in the overall trade deficit, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.That's the opposite of what Trump wants to achieve.The president has pledged to reduce America's trade deficit by pursuing new trade agreements with countries he argues are engaging in unfair trade policies, especially China. He's put tariffs on 0 billion of Chinese-made goods this year in an effort to make US-made products more attractive to consumers."It's been such a terrible one-way street with China," Trump told the Wall Street Journal in an interview Monday.Trump and Chinese President Xi Jinping are set to meet Saturday evening for a formal dinner on the sidelines of the G20 meeting in Argentina. It is their only scheduled meeting before the end of the year.White House economic adviser Larry Kudlow on Tuesday dangled the possibility?of a "breakthrough" at the dinner. But Trump escalated tensions earlier in the week, when he repeated a threat to put tariffs on the remaining Chinese goods if a deal can't be reached.The Trump administration argues that China is engaging in unfair trade practices, including intellectual property theft and forced technology transfers. But the Chinese say Trump's unilateral tariffs are bullying.American businesses and lawmakers on both sides of the aisle agree that the China trade issues should be addressed — but not everyone believes that tariffs are the right way. Some manufacturers and retailers say the duties could lead to job losses and higher prices for consumers."It would be hard to argue that (China) has behaved fairly in its trade practices," said Florida Democratic Rep. Stephanie Murphy this week at an S&P Global event in New York."But I think doing it in a multilateral way would have been a better approach," she said.Trump has also imposed tariffs on foreign steel and aluminum this year, in the interest of national security. US steel producers have welcomed the taxes, as they've seen prices for their own products go up. Steel Dynamics, an American producer, announced this week that they would be building a new steel mill in the southwest region of the country, creating 600 new jobs."Steel jobs are coming back to America, just like I predicted," Trump tweeted Wednesday.But American manufacturers that use steel, including automakers, have argued that the tariffs have made the cost of domestic production more expensive. 4055

President Donald Trump’s brother, Robert, is in a New York hospital Friday, according to multiple reports.ABC News first reported the news of Robert Trump’s health concerns, saying the details of his condition remain unknown, only that sources say he is “very ill.”White House spokesperson Judd Deere says the president is expected to visit his 72-year-old brother at a hospital in Manhattan on Friday. Trump was already scheduled to visit his property in Bedminster, New Jersey, on Friday.Robert Trump has been in the news recently for leading legal action by the Trump family against Mary Trump, the president’s niece. Mary Trump published a book, “Too Much and Never Enough” about the Trump family earlier this summer.Robert is the youngest of the president’s three living siblings; he has an older and younger sister. Their older brother, Fred Trump Jr., died in 1981. 880

President Donald Trump's estranged adviser Steve Bannon told a far-right gathering in France on Saturday that they should handle accusations of racism with pride."Let them call you racists," Bannon said to the French National Front Party. "Let them call you xenophobes. Let them call you nativists. Wear it as a badge of honor."Bannon told the National Front crowd that he had learned from traveling the world that "history is on our side" and that "the globalists have no answers to freedom."At a news conference following his speech, Bannon gave his explanation for the recent high-profile staff departures from the White House.In response to a question from CNN, Bannon said, "I think President Trump has been pretty straightforward in saying, hey, when we first started, some of these advisers are what he would call globalists, and he's clearly pivoting to more economic nationalism."Bannon added that the pivot was partly in order to prepare for the upcoming midterm elections."He's got to energize that base and turn that base out," he said.Bannon was himself a high-profile departure from the White House last August and was written off by Trump earlier this year, who named him "sloppy Steve," following the publication in January of incendiary comments attributed to him.Following the White House's disavowal of Bannon, the right-wing media company Breitbart News parted ways with Bannon, who has since emerged in the public eye on a few occasions.Last week, Bannon appeared in Rome to observe the elections and advocated for an alliance between the anti-immigrant League party and the populist Five Star Movement in Italy.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1737

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