U.S. Treasurer Jovita Carranza and Administrator of Small Business Administration Linda McMahon. Photo: Alex Wong/Getty Images
President Trump said Thursday night that he will nominate U.S. Treasurer Jovita Carranza to replace outgoing leader Linda McMahon as the head of the Small Business Administration.
Details: McMahon is stepping down from her role and enter the private sector.
"Jovita was a great Treasurer of the United States – and I look forward to her joining my Cabinet!"— Trump tweeted
Illustration: Sarah Grillo/Axios
President Trump speaking during a press conference on Aug. 8. Photo: Jim Watson/AFP via Getty Images
President Trump on Saturday signed four executive actions to provide relief from economic damage sustained during the coronavirus pandemic after talks between the White House and Democratic leadership collapsed Friday afternoon.
Why it matters: Because the Constitution gives Congress the power to appropriate federal spending, Trump has limited authority to act unilaterally — and risks a legal challenge if congressional Democrats believe he has overstepped.
Photo: Houssam Shbaro/Anadolu Agency via Getty Images
Beirut residents are still clearing rubble from streets that appear war-torn, days after a blast that shocked the country and horrified the world.
Why it matters: The explosion is likely to accelerate a painful cycle Lebanon was already living through — discontent, economic distress, and emigration.