President-elect Donald Trump is gearing up to implement his agenda after securing a decisive win in the recent presidential election. His first move post-election was the appointment of Susie Wiles, his campaign manager, as the White House Chief of Staff, making her the first woman to hold this position.
Meanwhile, outgoing President Joe Biden addressed the nation from the White House Rose Garden, emphasizing the importance of a peaceful and orderly transition. He urged Americans to accept the election results and reassured his supporters that the vision of a better America remains within reach.
Democratic Party Reacts to Election Results
Within the Democratic Party, there is a mix of frustration and support following the recent losses. Some officials expressed discontent, suggesting that an earlier decision by Biden to step aside could have led to a stronger candidate emerging through a primary contest. However, the White House defended Biden's choice, stating that it was the right decision at the time.
Transition Process and Federal Reserve Updates
Ambassador Stephen Mull has been appointed to oversee the transition process, ensuring a smooth transfer of power. Additionally, the Federal Reserve announced a quarter-point cut in interest rates, with further cuts anticipated in the coming years. President-elect Trump is likely to retain Federal Reserve Chair Jerome Powell for the remainder of his term.
International Relations with Russia and Ukraine
Russian President Vladimir Putin extended his congratulations to Trump and expressed willingness to engage in discussions to improve relations and address the conflict in Ukraine. Ukrainian President Volodymyr Zelensky described his conversation with Trump as productive, while Kremlin spokesperson Dmitry Peskov cautioned against overestimating Trump's ability to swiftly resolve the Ukraine conflict.
House and Senate Control
The control of the House remains uncertain, with both Republicans and Democrats vying for the majority. Republicans currently hold 210 seats, while Democrats have 196, with 218 seats needed for a majority. In the Senate, Republicans are set to maintain control, securing at least 52 seats.
