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Joe Biden

AP News | Equities.com |

All through downtown Washington, the primary sound for several blocks was the beeping of forklifts unloading more fencing.

There were no cars or scooters and seemingly no tourists Wednesday, just the occasional jogger and multiple construction crews at work. The U.S. Capitol that proved such a soft target last week was visible only through lines of tall, black fence.

Two blocks from the White House, a group of uniformed National Guard troops emerged from a tour bus and headed into a hotel as a state of lockdown descended on Washington that will last through the Jan. 20 inauguration.

“Clearly we are in uncharted waters,” said Washington Mayor Muriel Bowser.


Reuters | Equities.com |

Gary Gensler will be named chair of the U.S. Securities and Exchange Commission (SEC) by President-elect Joe Biden, said two sources familiar with the matter, an appointment likely to prompt concern among Wall Street firms of tougher regulation.

Gensler was chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014, and since November has led Biden’s transition planning for financial industry oversight.

His appointment as the country’s top securities regulator is expected to put an end to the four years of rule-easing that Wall Street banks, brokers, funds and public companies have enjoyed under President Donald Trump’s SEC chair Jay Clayton.


AP News | Equities.com |

William Burns, a well-known figure in diplomatic circles around the world, is President-elect Joe Biden’s choice to lead the CIA, a selection likely to be embraced by the rank and file at the nation’s premier spy agency.

A former ambassador to Russia and Jordan, Burns, 64, had a 33-year career at the State Department under both Republican and Democratic presidents. He rose through the ranks of the diplomatic corps to become deputy secretary of state before retiring in 2014 to run the Carnegie Endowment of International Peace.

If confirmed, he would succeed Gina Haspel, the first female CIA director, who guided the agency under President Donald Trump. Trump expressed skepticism about intelligence and frequently disparaged the assessments of U.S. spy agencies, especially about Russia’s interference in the 2016 election to help his campaign.


AP News | Equities.com |

District of Columbia Mayor Muriel Bowser is seeking increased security around President-elect Joe Biden’s inauguration in the wake of the mob insurrection at the Capitol.

“We believe strongly that the 59th Presidential Inauguration on January 20 will require a very different approach than previous inaugurations given the chaos, injury, and death experienced at the United States Capitol during the insurrection,” Bowser wrote in a letter to Chad Wolf, the acting secretary of the U.S. Department of Homeland Security.

She asked for a “pre-disaster declaration” for the District to allow for federal assistance.


AP News | Equities.com |

Republican members of Congress who voted against certifying Joe Biden’s presidential victory, even after a mob broke into the Capitol, are being denounced by critics in their home districts who demand that they resign or be ousted.

Protesters, newspaper editorial boards and local-level Democrats have urged the lawmakers to step down or for their colleagues to kick them out. The House and Senate can remove members with a two-thirds vote or censure or reprimand with a majority.

Rep. Madison Cawthorn “needs to be held accountable for his seditious behavior and for the consequences resulting from said behavior,” a group of Democratic officials wrote in a letter asking House Speaker Nancy Pelosi to expel the North Carolina freshman who took his oath of office on Jan. 3.


AP News | Equities.com |

President Donald Trump said Friday he won’t attend President-elect Joe Biden’s inauguration on Jan. 20, undercutting his message a day earlier that he would work to ensure a “smooth, orderly and seamless transition of power” to his successor.

Trump offered no clues for how he would spend his final hours in office, and will be the first incumbent president since Andrew Johnson to skip his successor’s swearing-in. Traditionally, the incoming and outgoing presidents ride to the U.S. Capitol together for the ceremony, as a symbol of the nation’s peaceful transition.


Reuters | Equities.com |

Hours after hundreds of President Donald Trump’s supporters stormed the U.S. Capitol in a harrowing assault on American democracy, a shaken Congress on Thursday formally certified Democrat Joe Biden’s election victory.

Immediately afterward, the White House released a statement from Trump in which he pledged an “orderly transition” when Biden is sworn into office on Jan. 20, although he repeated his false claim that he won the November election. On Wednesday, the Republican president had seemingly encouraged his followers to swarm the Capitol.


AP News | Equities.com |

President-elect Joe Biden has selected Merrick Garland, a federal appeals court judge who in 2016 was snubbed by Republicans for a seat on the Supreme Court, as his attorney general, two people familiar with the selection process said Wednesday.

In picking Garland, Biden is turning to an experienced judge who held senior positions at the Justice Department decades ago, including as a supervisor of the prosecution of the 1995 Oklahoma City bombing. The pick will force Senate Republicans to contend with the nomination of someone they spurned four years ago — refusing even to hold hearings when a Supreme Court vacancy arose — but Biden is banking on Garland’s credentials and reputation for moderation to ensure confirmation.


Reuters | Equities.com |

Despite pressure from U.S. President Donald Trump to help overturn his election loss, Vice President Mike Pence will stick to his ceremonial duties and not block Wednesday’s certification by Congress of President-elect Joe Biden’s victory, advisers said.

Trump ramped up pressure on Pence on Tuesday to block congressional certification of the November election results in an ongoing attempt to stay in power, after dozens of lawsuits by his campaign challenging the outcome failed in U.S. courts.

The vice president, a loyal lieutenant during the four years of Trump’s often chaotic presidency, has no plans to intervene and has told Trump he does not have the power to do so, even as he seeks to show support for the Republican president’s quest.


AP News | Equities.com |

With mounting desperation, Donald Trump declared he would “fight like hell” to hold on to the presidency and appealed to Republican lawmakers to reverse his election loss to Joe Biden when they convene this week to confirm the Electoral College vote.

Electoral voters won by President-elect Biden are “not gonna take this White House!” he shouted as supporters cheered at an outdoor rally Monday night in Georgia. Trump’s announced purpose for the trip was to boost Republican Senate candidates in Tuesday’s runoff election, but he spent much of his speech complaining bitterly about his election loss — which he insists he won “by a lot.”