Trump Losing Support in Election Battle from Key Republicans
Published Date: 11/12/2020
Source: Bloomberg Quicktake: Now
President-elect Joe Biden has stocked his transition team with policy experts, academics and former Obama administration officials, a contrast with the industry-friendly figures President Donald Trump sent into the government upon winning office. The roughly 500-person group Biden’s campaign announced on Monday will prepare federal agencies for the incoming administration and draft plans to overhaul their operations after four years under Trump. The president-elect’s team includes people who favor stronger government regulation than Trump -- particularly for the financial and energy sectors -- and greater consumer protections. Four years ago, Trump stocked his so-called agency “landing teams” with conservatives from think tanks and advocacy groups -- including people who had been openly hostile to the agencies they were charged to review. It foreshadowed an aggressive rollback of regulations under Trump’s watch. Biden has taken a notably different tack with what he calls “agency review teams,” though some liberals have raised concerns about the participation of executives from companies, including Amazon.com Inc., Uber Technologies Inc., Lyft Inc. and Airbnb Inc. The groups of advisers that enter federal agencies ahead of Inauguration Day are a hallmark of presidential transitions, but their influence only goes so far. After the 2016 transition, some Trump “landing team” officials later complained their policy recommendations were ignored. And in Biden’s case, they may not have much time to work. They cannot access office space or begin closely working with government officials until the administrator of the General Services Administration, Emily Murphy, issues a finding that Biden is the incoming president. She has so far declined to do so as Trump fights the election results in several states and insists, falsely, that he won. Biden says that won’t prevent his transition officials from beginning their planning. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake