• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump team signs memorandum of understanding with Biden White House to formalize transition

by November 26, 2024
written by November 26, 2024

President-elect Trump’s transition team announced on Tuesday that it has agreed to a memorandum of understanding with the Biden White House allowing the two sides to formally begin the transition of power.

‘After completing the selection process of his incoming Cabinet, President-elect Trump is entering the next phase of his administration’s transition by executing a Memorandum of Understanding with President Joe Biden’s White House,’ Trump’s chief of staff, Susie Wiles, announced in a press release.

‘This engagement allows our intended Cabinet nominees to begin critical preparations, including the deployment of landing teams to every department and agency, and complete the orderly transition of power.’

The press release went on to explain that the transition ‘will not utilize taxpayer funding for costs related to the transition’ in order to be ‘consistent with President Trump’s commitment to save taxpayers’ hard-earned money.’

The press release added that the transition will ‘operate as a self-sufficient organization’ in a ‘streamlined’ manner and that ‘security and information protections’ are already built in so that ‘additional government bureaucratic oversight’ will not be required. 

The transition team also said an ‘existing’ ethics plan is in place that will be posted to the website of the General Services Administration. 

‘The Transition landing teams will quickly integrate directly into federal agencies and departments with access to documents and policy sharing,’ the press release stated. ‘Per the agreement, the Transition will disclose the landing team members to the Biden Administration.’

Fox News Digital reached out to the White House for comment but did not immediately receive a response. 

Trump has been facing heat from his Democratic critics in recent weeks for not agreeing to the memorandum sooner. Sen. Elizabeth Warren, D-Mass., sent a letter to the GSA last week slamming the president-elect.

Signing the documents means the government can now provide security clearances and briefings to incoming administration officials and the FBI can screen Trump’s picks for the Cabinet and other key posts. The agreements also provide ‘office space, IT equipment, office supplies, fleet vehicles, mail management, and payment of compensation and other expenses,’ according to the GSA. 

That process is designed to uncover personal problems, criminal histories and other potential red flags that would raise questions about a nominee’s suitability for key jobs. 

Fox News Digital’s Greg Norman contributed to this report

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Expert touts Trump’s energy sector nominations, outlines hopes for administration agenda to spark energy boom
next post
Jay Bhattacharya, prominent physician and economist, nominated by Trump for NIH director

related articles

Trump considers legal action against Michael Wolff and...

February 1, 2026

Senate Republicans push for House GOP rebellion against...

February 1, 2026

Tax season scams surge as filing confusion grows

February 1, 2026

Israel, Egypt coordinate reopening of Rafah Crossing in...

February 1, 2026

Trump says Iran ‘seriously talking to us’ as...

February 1, 2026

Amber Rose defends Charlie Kirk’s widow against online...

February 1, 2026

House Democrats mutiny Schumer’s deal with White House,...

February 1, 2026

State Department issues security alert amid ‘heavy gunfire’...

February 1, 2026

Noem touts TSA success after thousands with terror...

February 1, 2026

Hundreds rally outside Iranian UN ambassador’s Fifth Avenue...

February 1, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Kamala Harris’ campaign criticizes Trump for serving ‘self-obsessed rich guys’ after interview with Elon Musk

    August 13, 2024
  • Trump insists Ukraine-Russia peace deal is close, but mistrust in Putin leaves experts skeptical

    April 23, 2025
  • Nuclear threats from North Korea loom quietly behind wars in Gaza and Ukraine at UNGA

    September 24, 2025
  • Trump makes historic UAE visit as first US president in nearly 20 years

    May 15, 2025
  • Biden appointed more federal judges than Trump did in his first term, new research shows

    January 18, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,746)
  • Investing (920)
  • Stock (969)

Latest Posts

  • MAGA loyalists take aim at GOP senator as key Trump defense post sparks controversy: ‘Why the opposition?’

    February 18, 2025
  • Apple crushes Wall Street expectations as iPhone sales soar

    August 1, 2025
  • India’s TCS reports sharp decline in Q1 deal wins, order book at $8.3 billion

    July 11, 2024

Recent Posts

  • Boeing’s crewed Starliner flight won’t return until at least August, NASA says

    July 26, 2024
  • Trump considers former defense attorney Emil Bove for federal appeals court vacancy

    May 19, 2025
  • Abortion ‘on the ballot’ in 10 states this election, but it might not matter

    November 5, 2024

Editor’s Pick

  • State Department will absorb remaining USAID programming as independent agency is dismantled

    March 28, 2025
  • Eli Lilly’s $123 billion market value drop: A strategic buying opportunity?

    July 30, 2024
  • Ripple and Tron: Tron in pullback since Saturday

    August 13, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock