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      Donald Trump Jr. Joining a Venture Capital Firm

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      The firm, 1789 Capital, invests in products and companies aimed at conservative audiences.The eldest son of President-elect Donald J. Trump will not be a member of his father’s administration — he is joining a venture capital firm.Donald Trump Jr. told a crowd of a few hundred donors on Sunday that he was joining 1789 Capital, a firm whose investments include Tucker Carlson’s media company. Mr. Trump was speaking at a conference held by the Rockbridge Network, a network, co-founded by Vice President-elect JD Vance, of tech-friendly Republican donors who are supportive of Mr. Trump.Chris Buskirk, the leader of Rockbridge, asked the younger Mr. Trump on Sunday evening if he had plans to join his father’s administration. He responded that he would be joining as a partner at 1789 Capital, according to two people with knowledge of his remarks.The firm focuses on investing in companies and products popular with conservative audiences. Its other partners and backers, in addition to Mr. Buskirk, include the investor Omeed Malik, along with Rebekah Mercer, a prominent Republican donor, both of whom were at Rockbridge’s event in Las Vegas this week.Mr. Buskirk was interviewing Mr. Trump as part of a fireside chat at the fall meeting of the Rockbridge group — the session was titled “Inaugurating the Next American Golden Age.”Mr. Trump has a business background as a longtime real estate executive at the Trump Organization. He has recently also displayed an interest in the crypto industry, and he has emerged as a liaison between his father and the tech community. He also was an investor in PublicSquare, an online marketplace for conservatives.Mr. Trump will most likely still play some role in his father’s political operation. He has said he wants to make sure that his father is surrounded by true loyalists during his second administration. More

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      Trump Allies Push Him to Block Thune From Becoming Senate G.O.P. Leader

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      Advisers to the president-elect, who already has a strong hold on congressional Republicans, want him to tighten his grip by torpedoing the bid of the establishment front-runner for the post.Some of President-elect Donald J. Trump’s closest allies are privately counseling him to try to block a onetime Republican nemesis from becoming the Senate majority leader, pushing him to impose his will more forcefully on an already compliant G.O.P. Congress.Mr. Trump has been considering the counsel of advisers who believe he should join an effort on the right to stop Senator John Thune of South Dakota, the No. 2 Republican, from winning the top post, according to people familiar with the talks who insisted on anonymity to discuss them, though one person close to the president-elect noted that he had not weighed in on the race.Doing so would be an extraordinary move even for Mr. Trump, who during his first term and since he has left office has had an iron grip on congressional Republicans, demanding and almost always receiving loyalty from them on matters of policy and personnel.Intervening in an internal leadership struggle in the Senate, which has at times been more resistant to the former president’s dictates and where members are fiercely protective of their independence, would signal Mr. Trump’s determination to dominate the legislative branch in his second term. The majority leader controls the Senate floor, including what proposals and nominees receive votes — and when.Mr. Trump has already indicated his desire to hold a tighter rein on the Senate in the days since he was elected. He posted an ultimatum on social media on Sunday in which he demanded that any new Senate leader cooperate in his efforts to circumvent the confirmation process by calling recesses during which he could appoint personnel without winning Senate approval. All three candidates vying to lead the Senate next year quickly promised to speed through his choices.Republican senators and senators-elect are set to vote by secret ballot on Wednesday on who should serve as majority leader in the next Congress. Mr. Thune, an establishment Republican who like Senator Mitch McConnell of Kentucky, the current leader, is reviled by some on the MAGA right, is competing against Senators John Cornyn of Texas and Rick Scott of Florida.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump to Name Michael Waltz as His National Security Adviser

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      The president-elect has chosen a Republican member of Congress from Florida to oversee national security policy in the White House.President-elect Donald J. Trump has chosen Representative Michael Waltz of Florida to be his national security adviser, two people familiar with the decision said on Monday, turning to a former Green Beret who has taken a tough line on China to oversee foreign and national security policy in the White House.Mr. Waltz is the second Republican House member to be selected by Mr. Trump for a high-level job in his next administration, after his choice of Representative Elise Stefanik of New York for ambassador to the United Nations.Mr. Waltz, 50, has been a member of the Armed Services, Intelligence and Foreign Affairs Committees in the House and would join the Trump administration as it addresses Russia’s war in Ukraine and the conflict in the Middle East and confronts an increasingly aggressive China. His wife, Julia Nesheiwat, was homeland security adviser in the first Trump administration.Even as a congressional freshman, Mr. Waltz caught the eye of the Trump White House with his national security credentials. In 2020, in the days after Mr. Trump authorized the drone strike that killed Maj. Gen. Qassim Suleimani of Iran, Mr. Waltz was included in a small group of Republicans invited to the White House who received a briefing on the strike.The Wall Street Journal earlier reported the move.Mr. Waltz, who became a fixture on Fox News on matters of foreign policy, is widely regarded on Capitol Hill as a hawk on both China and Iran. He served multiple combat tours in Afghanistan and vociferously opposed President Biden’s withdrawal of troops from there. “What no one can ever do for me, including this administration right now, is articulate a counterterrorism plan that’s realistic without us there,” Mr. Waltz, who also served as a counterterrorism adviser to Vice President Dick Cheney, said in an interview in the days after the withdrawal.Mr. Waltz had also opposed withdrawing large numbers of troops from Afghanistan during the Trump administration without stringent conditions, and he introduced legislation to prevent a significant troop drawdown from Afghanistan unless the director of national intelligence could certify that the Taliban would not associate with Al Qaeda.The pick would also whittle down even further what is expected to be a slender Republican majority in the House in the early days of the next congressional session.House Republicans appear on track to win a narrow majority in the next Congress. Special elections would need to be held to replace both Mr. Waltz and Ms. Stefanik, who currently represent safe districts for the party. More

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      ‘We Welcomed Them’: G.O.P. Embraces New Latino Voters in Arizona

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      President-elect Donald J. Trump won Arizona, flipping the swing state back to red. Younger Latino voters, like José Castro, were among those who shifted to the right, turning to older Republicans like Gerry Navarro who were ready and willing to welcome him into the party.Stephanie Figgins for The New York TimesJosé Castro is one of the many younger Latino men in Arizona who have shifted to the right and wholeheartedly embraced Donald J. Trump this election. Support for Mr. Trump among Hispanic male voters rose significantly nationwide.Mr. Castro, 26, campaigned for Senator Bernie Sanders eight years ago. But after Hillary Clinton became the Democratic presidential nominee, Mr. Castro said, he voted for Mr. Trump, citing his anti-establishment appeal. Still, for the past decade, he has continued to vote for Democrats down the ballot.On Saturday, Mr. Trump won Arizona, flipping the swing state back into Republican hands. And while there has long been a contingent of steadfast Latino Republican voters in the state, younger Latinos like Mr. Castro, who have been feeling shut out and left behind by Democrats, are finding their way to the Republican Party.“The Democratic Party has a problem with young men,” said Mr. Castro, who officially switched his registration from the Democratic Party to the Republican Party this year. “It cares about everyone but men.”Gerry Navarro, 72, a longtime Republican, agrees. “The younger Latino males want true values that represent them,” he said. “We, as older Republicans, we welcomed them.”Although Vice President Kamala Harris won a majority of Latino votes nationwide, she lost several states, including Florida and Texas, with sizable Latino populations. More

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      Iran Debates Whether It Could Make a Deal With Trump

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      Some in Iran’s new, more moderate government think the result of the presidential election provides an opportunity to make a lasting deal with the United States.President Donald J. Trump pulled out of the 2015 nuclear pact between Iran and world powers, imposed tough economic sanctions on Iran and ordered the killing of its top general. And Iran, federal prosecutors said on Friday, plotted to assassinate Mr. Trump before November’s election.Yet despite that charged history, many former officials, pundits and newspaper editorials in Iran have openly called for the government to engage with Mr. Trump in the week since his re-election. Shargh, the main reformist daily newspaper, said in a front-page editorial that Iran’s new, more moderate president, Masoud Pezeshkian, must “avoid past mistakes and assume a pragmatic and multidimensional policy.”And many in Mr. Pezeshkian’s government agree, according to five Iranian officials who asked that their names not be published because they were not authorized to discuss government policy. They say Mr. Trump loves to make deals where others have failed, and that his outsize dominance in the Republican Party could give any potential agreement more staying power. That might give an opening for some kind of lasting deal with the United States, they argue.“Do not lose this historic opportunity for change in Iran-U.S. relations,” wrote a prominent politician and former political adviser to Iran’s government, Hamid Aboutalebi, in an open letter to Iran’s president. He advised Mr. Pezeshkian to congratulate Mr. Trump on winning the election and set a new tone for a pragmatic and forward-looking policy.President Masoud Pezeshkian in Tehran in September. Some in Mr. Masoud’s government are calling on him to engage President-elect Donald J. Trump.Arash Khamooshi for The New York TimesStill, critical decisions in Iran are made by the supreme leader, Ayatollah Ali Khamenei, and he banned negotiations with Mr. Trump during his first term. In Iran’s factional politics, even if Mr. Pezeshkian wanted to negotiate with Mr. Trump, he would have to get Mr. Khamenei’s approval.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Offers Elise Stefanik Role as U.N. Ambassador

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      In one of his first cabinet-level personnel decisions, the president-elect has chosen the Republican member of Congress from New York to represent the United States at the United Nations.President-elect Donald J. Trump has offered Representative Elise Stefanik, Republican of New York, the role of U.N. ambassador in his upcoming administration.Ms. Stefanik, who represents an upstate New York district in the House and is a member of the Republican leadership in the chamber, has been a vocal supporter of Mr. Trump. His decision to name her to the post was reported earlier by CNN.Ms. Stefanik has accepted the offer, her office said.Ms. Stefanik, 40, emerged as a key ally to Mr. Trump during his first impeachment proceeding. She has been chair of the House Republican conference, but has minimal experience in foreign policy and national security. She has served on the House Armed Services Committee and the House Permanent Select Committee on Intelligence. She has been an outspoken supporter of Israel, and had a high-profile role in the congressional hearings that led to the resignations of several university presidents over their handling of campus unrest following the terror attack by Hamas on Israel and the subsequent war in Gaza.She also impressed Mr. Trump years ago with an outspoken defense of him during his first impeachment trial in the House. In a statement, Mr. Trump called her a “strong, tough and smart America First fighter.”House Republicans appear on track to win a narrow majority in the incoming Congress. Ms. Stefanik’s departure could make their margin even thinner until an election to replace her is held in what is considered a safe district for the party.It’s not yet clear whether Mr. Trump will be able to raid the House for his loyalists who serve there. Republicans are currently on track to keep their majority, but only by the similar razor-thin margin they have now, which has made it difficult to control the floor. Next year, they will be expected to produce major legislative results as a result of the party’s unified power in Washington.Ms. Stefanik, the first Trump ally from the House who has been announced as a cabinet pick, has long been positioning herself to rise in a Trump administration. But her situation may be particularly difficult. In New York State, Gov. Kathy Hochul, a Democrat, would most likely wait as long as possible to call a special election to fill her seat.Elon Musk, the billionaire and major Trump supporter, made clear on X that he had reservations about her appointment, based on the tight margin of control he is expecting in the House.“Elise is awesome, but it might be too dicey to lose her from the House, at least for now,” Mr. Musk wrote on the social media platform.Her selection comes after Mr. Trump last week named Susie Wiles, a longtime political operative who helped lead his campaign, as his White House chief of staff. On Sunday evening, Mr. Trump named Thomas D. Homan, an immigration hard-liner, to be his “border czar.”Annie Karni More

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      Iran and Trump Are Front of Mind at Saudi Summit

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      Leaders from across the Arab and Muslim world were in Riyadh for a meeting officially convened to discuss the fighting in Gaza and Lebanon.Leaders from across the Arab world gathered on Monday in the capital of Saudi Arabia for a summit that came at a delicate moment for the kingdom, which has signaled a rapprochement with Iran after a violent, decades-long rivalry.The meeting was officially convened to discuss the fighting in Gaza and Lebanon, where Israel’s military is battling Iran-backed militant groups. It takes place amid heightened regional tensions and the prospect of a hawkish Trump administration on Iran.Saudi Arabia had been preparing to recognize Israel, but the wars in Gaza and Lebanon cooled that prospect. Now, the kingdom and its allies find themselves warming to Tehran. Last month, the foreign ministers of the Persian Gulf states met for the first time as a group with their Iranian counterpart. On Sunday, the chief of staff of Saudi Arabia’s armed forces met with his Iranian counterpart in Tehran — further signaling a thaw in relations as Iran considers a response to Israeli attacks on its territory.Saudi Arabia’s powerful crown prince, Mohammed bin Salman, emphasized the relationship in his opening remarks at the summit on Monday.“We call on the international community to compel Israel to respect Iran’s sovereignty and not to attack its territory,” he told the audience in Riyadh, the Saudi capital. Saudi Arabia and Iran have been locked in a long battle for regional dominance, a rivalry shaped by the competing branches of Islam each country embraces. Iran’s network of regional proxies — which includes Hamas in Gaza and Hezbollah in Lebanon — has long been a particular source of concern for Saudi Arabia.While Hamas and Hezbollah have been weakened by the Israeli military’s operations in Gaza and Lebanon, Iran still arms and supports the Houthis in Yemen — a group that has been implicated in attacks on the kingdom.“The issue that we’ve had, and that was the basis for the divergence in our relationship, was Iran’s regional behavior, which from our perspective has not contributed to stability,” the Saudi foreign minister, Prince Faisal bin Farhan, said last week. “We are having very, very clear and honest conversations with the Iranians.”Analysts said that Saudi Arabia could also be using the summit in Riyadh as an opportunity to send a message to the incoming Trump administration. President-elect Donald J. Trump has said he will “stop wars” when he takes office, noted Hasan Alhasan, a senior fellow for Middle East policy at the International Institute for Strategic Studies.“Saudi Arabia could be trying to position itself as an attractive and credible choice for the Trump administration to work with if Trump follows through with his pledge to broker a deal to end the war, especially given the fact that diplomatic efforts led by other regional mediators, notably Qatar and Egypt, have failed to bear fruit,” Mr. Alhasan said. More

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      Trump, Jay Powell and a Potential Fight over the Fed’s Future

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      As Trump allies including Elon Musk endorse ending the Federal Reserve’s independence, the central bank’s chair is reportedly ready to go to court to fight back.Jay Powell appears ready to defend Fed independence, and his job.Kent Nishimura/Getty ImagesA battle over the Fed’s future Donald Trump’s threat to exert more say over the Fed or even fire Jay Powell, the chair of the central bank, has alarmed some on Wall Street. But the president-elect’s effort took on added weight in recent days, after Elon Musk endorsed a push to erode the Fed’s independence.The fight shows how the future of the Fed could remain high on the agenda, and how far Musk’s influence — and the role of X as place for announcing policy positions — could extend across government.The Fed has its foes. Senator Mike Lee, Republican of Utah, introduced a bill in June to abolish the central bank, accusing it of being an “economic manipulator that has directly contributed to the financial instability many Americans face today.”Lee said on X that he wants to see the Fed under the president’s control — a view that Musk backed.Powell could turn to the courts to challenge any White House attempt to exert more control, according to The Wall Street Journal’s Nick Timiraos. Trump appointed Powell in 2017 but flirted with removing him shortly afterward. Powell held onto his job, but was ready for a fight if Trump made a move, Timiraos writes:Powell told then-Treasury Secretary Steven Mnuchin that he would fight his removal if sought by the president, according to people familiar with the matter. Trump was upset the Fed was raising interest rates against his wishes.For Powell, the unsavory prospect of a legal showdown — one he might have to pay for out of his own pocket — was imperative to preserve the ability of future Fed chairs to serve without the threat of being removed over a policy dispute.Powell has made it clear that the president doesn’t have the authority to remove a Fed chair. Last week, he said he wouldn’t step down if Trump asked him to do so after the central bank lowered borrowing costs by a quarter point. Removing him, he added, was “not permitted under the law.”A 1977 law gave Congress more oversight of the Fed, but enshrined the institution’s independence on policy.The central bank’s ability to set monetary policy without political influence is a core tenet for markets and the economy. The Fed also has an outsized influence through its freedom to buy and sell securities, like Treasury notes and bonds, as it looks to bring more liquidity to trading.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More