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Trump Breaks Protocol, Calls Taiwan

Trump calls TaiwanPresident-elect Donald Trump spoke with the president of Taiwan by phone on Friday, in a move likely to infuriate Beijing and hinder US-China relations.

"President-elect Trump spoke with President Tsai Ing-wen of Taiwan, who offered her congratulations," according to a readout of the call released by Trump's transition team.

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Michigan attorney general petitions court to stop presidential recount

SchuetteMichigan Attorney General Bill Schuette asked the state's Supreme Court to halt a recount of ballots cast in the presidential election Friday.

The action comes as Green Party presidential candidate Jill Stein seeks ballot recounts in three states, including Michigan, and lawyers for President-elect Donald Trump filed an objection to the recount request, calling the demand "lawless and "insulting."

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Sanders says Carrier deal sets a dangerous precedent

Sanders says Carrier deal sets dangerous precedentIn an op-ed in The Washington Post Thursday, the Vermont senator bashed Trump for what he said is sending a signal to American corporations that they can threaten to leave the United States in exchange for government incentives.

“Trump has endangered the jobs of workers who were previously safe in the United States,” Sanders wrote. “Why? Because he has signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives.”

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Fed may face unnerving shake-up under Trump administration

Fed shakeup under TrumpChange at the Federal Reserve could come quickly with President-elect Donald Trump's team pledging to promptly fill high-level central bank jobs and roll out a tax and fiscal plan that could rewrite policymakers' core economic assumptions.

Fed officials already say their plan to gradually increase interest rates may need to be accelerated to accommodate the new administration's economic proposals, which could push inflation higher.

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Trump Given Post-Election Tax Subsidy for His D.C. Hotel

Trump given post election tax subsidySix days after Donald Trump won the presidential election, the federal government finalized a key step toward a tax subsidy worth as much as $32 million for a company that is owned by Trump, his daughter Ivanka, and two of his sons.

That company owns Trump’s luxury Washington, DC, hotel, located in a taxpayer-owned historic landmark known as the Old Post Office Building, which Trump leases from the federal government. The hotel has become emblematic of Trump’s many potential conflicts of interest, because when he becomes president he will effectively be both landlord and tenant.

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Wilbur Ross, Trump's choice for commerce secretary, has profit, politics on resume

Wilbur RossWilbur Ross, who as Donald Trump's commerce secretary will be the voice of U.S. business, made a fortune spinning financial dross into gold.

In the early 1990s, Ross became a star as an adviser to stakeholders in moribund companies. As the longtime head of Rothschild & Co.'s bankruptcy advisory business in New York he helped dictate the outcomes of big bankruptcies, including that of Trump's Taj Mahal Casino Resort in Atlantic City, N.J. He also worked on the Texaco Inc. and Trans World Airlines Inc. bankruptcies.

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Pelosi Overcomes Challenge To Win Re-Election As House Democratic Leader

Nancy PelosiNancy Pelosi beat back her toughest challenge yet to her leadership of Democrats in the House of Representatives, defeating Ohio Rep. Tim Ryan to secure another term as House minority leader.

The California Democrat got 134 votes to Ryan's 63 in a secret ballot vote on Wednesday. Pelosi had boasted going into the vote that she had support from two-thirds of the caucus, and she received just over the amount.

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