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Trump expands search for Treasury secretary

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Trump expands search for Treasury secretary

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Donald Trump has expanded his search for a Treasury secretary to serve in his second-term cabinet, throwing the contest for top economic official into confusion as he struggles to settle on a choice.

The Republican president-elect had been weighing whether to offer the job to Scott Bessent, a hedge fund manager, or Howard Lutnick, the co-chair of his transition effort and chief executive of Cantor Fitzgerald, the financial firm. But at the weekend, Trump moved to widen the net of possible alternatives.

People close to the process say Kevin Warsh, a former Federal Reserve Governor, Marc Rowan, the chief executive of Apollo Global Management, and Bill Hagerty, the Tennessee senator, are now also in the running, along with Robert Lighthizer, the former US trade representative under Trump.

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Trump has announced a string of potential appointments over the past week in the areas of national security, justice, health and energy but has held back on making any decisions on the top economic positions so far.

Trump’s advisers are seeking assurances from the top candidates to be Treasury secretary that they are committed to his sweeping plans to raise tariffs, people close to the discussions said.

Elon Musk, the billionaire investor who has emerged as one of Trump’s top allies, weighed in over the weekend in favour of Lutnick over Bessent. Musk, who sat next to Trump at a UFC championship fight in New York on Saturday night, wrote on X that “Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change”. 

Since Trump was elected, Bessent has been on the defensive about his commitment to enacting the president’s economic vision. In an opinion piece for Fox News last week, he described tariffs are “a means to finally stand up for Americans”.

But his critics have seized on comments to the Financial Times — that the agenda represented ‘maximalist’ positions that were negotiating tools — as a sign he would be soft on the issue.

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Trump’s aides are reluctant to repeat the tensions over trade in his first administration, in which Steven Mnuchin, then Treasury secretary, frequently sought to moderate the tariff plans for fear of disrupting markets.

Several people familiar with the discussions inside Trump’s team said Lighthizer, who served as US trade representative in the first administration, had previously expressed interest in becoming Treasury secretary. 

On Sunday, the Coalition for a Prosperous America, a pro-tariff think-tank, backed Lighthizer publicly for Treasury secretary. 

“The next Treasury secretary must be 100 per cent aligned with President-elect Trump’s policy on tariffs,” it said in a post on X. “Former USTR Robert Lighthizer is a steadfast champion for the US economy and the best choice to carry out President Trump’s trade agenda,” it added. 

Tariffs have long been central to Trump’s plans to boost US manufacturing, create jobs and lower prices.

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He has described it as the “most beautiful word in the dictionary” and the “greatest thing ever invented”. He has also billed such levies as an effective way to cover the costs of other pillars of his economic agenda, including large tax cuts for Americans. 

In addition to 60 per cent tariffs on all Chinese imports, Trump has floated a universal tariff of up to 20 per cent on all goods coming into the US. 

Whoever Trump selects as his Treasury secretary will be instrumental — along with the top US trade official — in both putting these policies into action as well as managing the economic ramifications.

Reporting by James Politi, Colby Smith, Demetri Sevastopulo and Stefania Palma in Washington and Antoine Gara and James Fontanella-Khan in New York

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How a Beer Hall Keeps Up With a World Cup Crowd

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The fans see the games, the crowds, the food and the beer. But behind every World Cup watch party is a team working long before kickoff and well after the final whistle. We go behind the scenes at a beer hall in Brooklyn to see what it takes to serve a room full of soccer fans on game day.

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With the white nationalist group Patriot Front, what you see is not what you get

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With the white nationalist group Patriot Front, what you see is not what you get

Members of the group Patriot Front ride the subway as a commuter looks on, in Washington, D.C., on July 4.

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The sight of hundreds of masked men roaming the streets of Washington, D.C., on July Fourth weekend, wearing khakis, blue shirts and uniform patches, was chilling to some of the city’s residents.

For many Americans, it was the first they heard about Patriot Front, a white nationalist organization that was born out of the deadly 2017 Unite the Right rally in Charlottesville, Va. A now-viral Reuters photo prompted reflections on the experience of a lone African American woman who was photographed in a Metro subway car, surrounded by white supremacists.

The planned demonstration of force was timed to bring a fringe group of extremists into public view as the nation marked 250 years of its independence. Indeed, the stunt succeeded in earning the group media coverage across mainstream outlets, amplifying its brand and potential to reach new recruits. On this occasion, the members refrained from engaging in violence and property damage, projecting an image of law-abiding, orderly activism.

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But those who are closely familiar with Patriot Front’s history and operations warn: Don’t believe what you see.

“That is not who they are in private,” said Len Kamdang, director of the Criminal Justice Project at the Lawyers’ Committee for Civil Rights Under Law. “Although they were on their best behavior [last] weekend, this is a dangerous group that commits acts of violence all over the country.”

Patriot Front’s history of violence and property damage

Kamdang’s organization sued members of Patriot Front for vandalizing a public mural dedicated to the tennis legend and Black activist Arthur Ashe in Richmond, Va., in 2021. Ashe, who was inducted into the International Tennis Hall of Fame in 1985, was born in Richmond and his legacy is a continuing source of pride to members of that community.

“A couple of Patriot Front members showed up under cover of night and vandalized the mural,” Kamdang said. “They painted white stencils all over. … They literally tried to whitewash him and they put their symbols of hate all over — their stencils, their slogans. And all the while they were caught on video. And that video leaked using some of the most horrible language that you can imagine.”

In many jurisdictions, law enforcement can seek additional hate crime charges or sentencing enhancements in cases where illegal acts appear to have been motivated by racial bias. But in this case, Kamdang said, Patriot Front members faced no criminal charges and their identities were only revealed when online activists later infiltrated the group and leaked internal records.

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Graham Platner makes it official in Maine, submitting paperwork to leave Senate race

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Graham Platner makes it official in Maine, submitting paperwork to leave Senate race

Now-former Democratic Senate candidate Graham Platner speaks at his primary election night event on June 9 in Blue Hill, Maine. Platner officially dropped out of the race July 10 following rape allegations from a former romantic partner that he denies.

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Graham Platner, Maine’s Democratic nominee for Senate, is officially out of the race.

The Maine Secretary of State said Platner filed the necessary paperwork to withdraw his candidacy two days after he announced he planned to do so following an accusation of rape by a former romantic partner. Platner denies the allegation.

The Maine Democratic Party has until July 27 to pick Platner’s replacement.

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In his withdrawal notice, Platner said “people are desperate for change” and that’s why they voted “for a new kind of politics” by making him the Democratic nominee. He expressed gratitude for those who supported his campaign and said that he will continue to fight for “the movement we have built together and the future we believe in.”

He ended his notice with a strong statement aligned with the progressive platform.

“F*ck ICE. Free Palestine. Up the Hearts.”

Platner announced his plan to withdraw from the race in an 11-minute video he posted to social media on July 8. He said he had no choice but to suspend his campaign, citing it was no longer viable financially.

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“We are going to lose our ability to fundraise. We are going to lose our ability to access voter data. We are going to lose all of the things that any campaign needs on the basic level simply to function,” he said.

Platner added that dropping out was not an admission of guilt. Rather, the decision, he said, is to keep the progressive movement in Maine alive to defeat Republican Sen. Susan Collins in November. Platner blamed the “political establishment” for his downfall and argued the goal was to force him out of the race.

“We built a campaign. We engaged in electoral politics. We motivated people. We banded together. We did it the way that we were told we are supposed to make change and we won. And now they are not going to let us have it. Not if it’s me,” he said.

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