The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Latest News

Tim Scott says Biden regulators should quit it, give Trump a ‘fresh slate’

by
November 19, 2024
in Latest News
0
Tim Scott says Biden regulators should quit it, give Trump a ‘fresh slate’
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Sen. Tim Scott, R-S.C., said regulators under President Biden should quit doing their jobs to allow President-elect Trump a ‘fresh slate’ when he takes office in January. 

In a letter to Biden on Sunday, Scott said Americans ‘across the country rejected your administration’s radical economic agenda and delivered President Trump and the incoming Congress a clear mandate to usher in a new era of government.’ 

‘Given this mandate,’ Scott wrote, ‘it is incumbent upon you and your administration to ensure that President Trump can implement the agenda the American people voted for by allowing him to take office on January 20th with a fresh slate.’ 

‘To ensure an orderly transition, federal financial and housing regulators should suspend any rulemaking and nomination related activities,’ Scott said. 

As the top Republican on the Senate Committee on Banking, Housing and Urban Affairs, Scott said he is calling on the agencies overseen by the committee to ‘cease all rulemaking, including the finalization of any pending or proposed regulations or guidance, and to comply with federal record retention laws and preserve all agency documents, records, and communications.’ He also demanded that all pending nominations within the committee’s purview be withdrawn. 

‘I will not vote for, or advance, any nominees put forth in front of the Committee by your administration,’ Scott wrote. ‘Next Congress I look forward to confirming President Trump’s nominees who will bring about economic opportunity to all Americans.’ 

Copied on the letter were Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo and Chair of the Board of Governors of the Federal Reserve Jerome Powell. 

In addition to focusing on the Trump transition, Scott, who was elected as the incoming chair of the Senate Republican campaign committee last week, has taken on a role of looking to increase the GOP majority in the 2026 elections. 

After his fellow GOP lawmakers in the Senate chose him to chair the National Republican Senatorial Committee over the next two years, Scott told reporters that his ‘passion’ is to make sure that Trump ‘does not have two years with a Republican majority in the Senate, he has four years in control.’ Scott told Fox News Digital that ‘what we’re going to do is defend the seats that we have and expand the map so that we can increase the majority brought to us by the Trump victory.’

Republicans won back control of the Senate in this month’s elections, ending four years of majority control by the Democrats. It is expected that once a mandated state recount is completed in the Senate contest in Pennsylvania – where GOP challenger Dave McCormick leads Democratic Sen. Bob Casey by roughly 17,000 votes – the Republicans will hold a 53-47 majority in the Senate come January.

Fox News’ Paul Steinhauser contributed to this report.

This post appeared first on FOX NEWS
Previous Post

GAINTOMO AI™: Crypto Trading with Intelligent Automation

Next Post

Biden misses G-20 family photo, White House blames ‘logistical’ issues

Next Post
Biden misses G-20 family photo, White House blames ‘logistical’ issues

Biden misses G-20 family photo, White House blames ‘logistical’ issues

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Trump inks trade deal with UK, previews China trade negotiations during 16th week in office

    Trump inks trade deal with UK, previews China trade negotiations during 16th week in office

    May 10, 2025
    Cargo thieves are attacking the U.S. supply chain at alarming rates

    Cargo thieves are attacking the U.S. supply chain at alarming rates

    May 10, 2025
    Denmark PM says ‘you cannot spy against an ally’ following reports of US spying on Greenland

    Denmark PM says ‘you cannot spy against an ally’ following reports of US spying on Greenland

    May 10, 2025
    Mexico sues Google for changing ‘Gulf of Mexico’ to ‘Gulf of America’ after Trump’s order

    Mexico sues Google for changing ‘Gulf of Mexico’ to ‘Gulf of America’ after Trump’s order

    May 10, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.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 © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.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 © 2025 thefinancialhorizons.com | All Rights Reserved