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| Election moves into rearview as Trump team dives into transition – politics live | Election moves into rearview as Trump team dives into transition – politics live |
| (35 minutes later) | |
| 6.44pm GMT | |
| 18:44 | |
| Here’s further on the transfer of power, via the media pool: | |
| A steady stream of Trump tourists are visiting the lobby of Trump Tower this afternoon. | |
| The New York City Veterans Day parade is over, leading to a slight uptick in tourists, despite the heavy law enforcement presence and security surrounding the building. | |
| Many of them of them are wearing Trump campaign gear or carrying American flags. Several “Hillary for Prison” t-shirts have also been spotted. | |
| A couple of uniformed Army soldiers took pictures with the doorman in front of the building. | |
| The brass Trump Tower logo inside the lobby is a popular place for selfies, as is the fountain. | |
| Tourists have been spotted recreating Trump’s escalator scene, using their phones to film their decent. | |
| 6.42pm GMT | |
| 18:42 | |
| Pieces of financial regulatory law may survive Trump - report | |
| “The Trump administration is eyeing a more limited repeal of the 2010 Dodd Frank financial regulatory law, despite the Republican president-elect’s campaign promise for a full repeal of the financial overhaul, the Wall Street Journal said on Friday, citing unnamed sources,” Reuters says. Here’s the WSJ: | |
| Instead, Mr. Trump’s team is focused on rescinding or scaling back the individual provisions Republicans find most objectionable, such as the Financial Stability Oversight Council’s authority to designate large nonbanks systemically important and thus subject to tougher regulation from the Federal Reserve. | |
| These people said another priority is overhauling a separate section of Dodd-Frank, Title II, that gives financial regulators the authority to take over a failing financial firm and liquidate it—an alternative to the government’s 2008 strategy of bailing out banks by handing them equity capital. | |
| At the same time, a Trump administration is expected to embrace other aspects of the massive law, these people said, including efforts to boost the transparency of credit-rating firms and regulate derivatives products—the complex financial instruments at the heart of the financial crisis. | |
| Mr. Trump’s financial policy team is still being assembled and its priorities could change. | |
| 6.38pm GMT | |
| 18:38 | |
| Is this real life | |
| .@LindseyGrahamSC says Trump should nominate @TedCruz for the Supreme Court: https://t.co/JCAvI06tUe | |
| In February, Graham joked about Cruz’s murder on the floor of the senate. | |
| 6.31pm GMT | |
| 18:31 | |
| Jane Sanders believes Bernie would've won | |
| Bloomberg’s Sahil Kapur flags an interview with Jane Sanders, wife of Bernie, on CNN. | |
| “Talk to you in 2019,” she says. | |
| Jane Sanders on whether Bernie will run again in 2020: "We'll talk to you in 2019. How's that?" | |
| 6.25pm GMT | |
| 18:25 | |
| Trump famously doesn’t settle lawsuits, but there are two signals out there that one of the Trump University lawsuits may be headed for settlement, at the recommendation of none other than judge Gonzalo Curiel: | |
| JUDGE IN TRUMP UNIVERSITY CASE TELLS BOTH SIDES IT WOULD BE WISE TO RESOLVE THE CASE, GIVEN | |
| Trump University lawyers want case postponed to next year, say they're "all ears" about reaching a settlement. https://t.co/y3a3zhqQsv @TPM pic.twitter.com/sYSOjt15ml | |
| 6.16pm GMT | |
| 18:16 | |
| The headline “Immensely wealthy white guy unbothered by Trump win” would be unfair to Buffett’s efforts and his family’s efforts to get out the nonwhite vote in Omaha. | |
| Buffett expresses optimism about the country’s economic future, saying he’s “100%” optimistic. “In my lifetime, the real GDP per person has gone up six for one... we have $57,000 of GDP per capita... this system will produce more and more stuff and better and better stuff.” | |
| More: | |
| Oh sure I support any president of the United States. It’s very important that the American people coalesce behind the president... he deserves everybody’s respect. And we proved with Bush v Gore, I mean the whole country went back to work... you’ve got to be behind the president. | |
| The two most important things in my mind, by far the most important thing, is what person is likely as president to minimized the chances of weapons of mass destruction being used... the world changed in 1945... you can’t stop the random acts... it does make a difference in terms of whether you get a Cuban missile crisis... it’s temperament and judgment... other things are going to fall into place. But one mistake there... | |
| We’ve got an unbelievably prosperous country... we will have an ever-more prosperous country... I agreed with Bernie Sanders on that, as far as that’s concerned. | |
| Warren Buffett: "I'm 100 percent optimistic about America now" https://t.co/8FSwzZS5Ee | |
| Updated | |
| at 6.17pm GMT | |
| 6.02pm GMT | 6.02pm GMT |
| 18:02 | 18:02 |
| Here’s next month’s Vogue: (more here): | Here’s next month’s Vogue: (more here): |
| Here it is, the new December cover of @voguemagazine starring @FLOTUS ... pic.twitter.com/36sMc3TMSg | Here it is, the new December cover of @voguemagazine starring @FLOTUS ... pic.twitter.com/36sMc3TMSg |
| Updated | Updated |
| at 6.02pm GMT | at 6.02pm GMT |
| 5.50pm GMT | 5.50pm GMT |
| 17:50 | 17:50 |
| Trump wants to spend but Republicans hold purse strings | Trump wants to spend but Republicans hold purse strings |
| Donald Trump has vowed to rebuild the nation’s roads, bridges, airports and railways, but the path to delivering on that promise is full of potholes, the AP reports: | Donald Trump has vowed to rebuild the nation’s roads, bridges, airports and railways, but the path to delivering on that promise is full of potholes, the AP reports: |
| When President Barack Obama tried to do it, a Republican Congress fought him at almost every turn, and Trump would have to contend with his party’s deep-seated dislike for government spending and higher taxes to meet the $1 trillion tab for his proposals. | When President Barack Obama tried to do it, a Republican Congress fought him at almost every turn, and Trump would have to contend with his party’s deep-seated dislike for government spending and higher taxes to meet the $1 trillion tab for his proposals. |
| The transportation industry sees hope in Trump’s plans, which he made the first policy issue in his Wednesday victory speech. | The transportation industry sees hope in Trump’s plans, which he made the first policy issue in his Wednesday victory speech. |
| “We are going to fix our inner cities ... We’re going to rebuild our infrastructure, which will become, by the way, second to none,” he said. “And we will put millions of our people to work as we rebuild it.” | “We are going to fix our inner cities ... We’re going to rebuild our infrastructure, which will become, by the way, second to none,” he said. “And we will put millions of our people to work as we rebuild it.” |
| But Trump has been vague what about he’d do and what it would cost. During the campaign he said he’d double the $275 billion boost in government infrastructure spending proposed by his Democratic opponent, Hillary Clinton. A recent paper by Trump advisers calls for using federal tax credits to generate $1 trillion in private sector infrastructure investment over a decade. To offset the cost of the credits, U.S. corporations would be encouraged to bring home profits parked overseas to avoid taxes, in exchange for a low tax rate. | But Trump has been vague what about he’d do and what it would cost. During the campaign he said he’d double the $275 billion boost in government infrastructure spending proposed by his Democratic opponent, Hillary Clinton. A recent paper by Trump advisers calls for using federal tax credits to generate $1 trillion in private sector infrastructure investment over a decade. To offset the cost of the credits, U.S. corporations would be encouraged to bring home profits parked overseas to avoid taxes, in exchange for a low tax rate. |
| If that corporate tax “repatriation” idea sounds familiar, it’s probably because Obama has been urging Congress to do that, and Clinton cited repatriation as the way she would pay for her infrastructure plan. | If that corporate tax “repatriation” idea sounds familiar, it’s probably because Obama has been urging Congress to do that, and Clinton cited repatriation as the way she would pay for her infrastructure plan. |
| Read further. | Read further. |
| 5.47pm GMT | 5.47pm GMT |
| 17:47 | 17:47 |
| The transfer of power continues at Trump tower. The pool reports: | The transfer of power continues at Trump tower. The pool reports: |
| Jared Kushner and Eric Trump both entered Trump Tower at 12:38p and went upstairs. | Jared Kushner and Eric Trump both entered Trump Tower at 12:38p and went upstairs. |
| 5.46pm GMT | 5.46pm GMT |
| 17:46 | 17:46 |
| Obama to meet May | Obama to meet May |
| Jessica Elgot | Jessica Elgot |
| Barack Obama will meet UK prime minister Theresa May, German chancellor Angela Merkel, French president Francois Hollande and Italy’s Matteo Renzi in Germany on November 18, Downing Street said. | Barack Obama will meet UK prime minister Theresa May, German chancellor Angela Merkel, French president Francois Hollande and Italy’s Matteo Renzi in Germany on November 18, Downing Street said. |
| A Downing Street spokesman said: | A Downing Street spokesman said: |
| The prime minister will meet her Quint counterparts - the leaders of the US, Germany, France and Italy - in Berlin on November 18, where they will discuss a range of global issues expected to include Syria, Libya, and Russia/Ukraine. | The prime minister will meet her Quint counterparts - the leaders of the US, Germany, France and Italy - in Berlin on November 18, where they will discuss a range of global issues expected to include Syria, Libya, and Russia/Ukraine. |