Trump's Cabinet could be the wealthiest in modern history
Many appointees come from old money. The issue now is whether they will craft policies favouring the rich
Washington
WHEN George W Bush assembled his first Cabinet in 2001, news reports dubbed its members a team of millionaires, and government watchdogs asked whether they were out of touch with most Americans' problems. Combined, that group had an inflation-adjusted net worth of about US$250 million - but that is only a 10th of the wealth of Donald Trump's nominee for Commerce secretary alone.
The pres…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Trade, TikTok, Taiwan: Blinken faces tough talks in China
Australian inflation boosts case for higher-for-longer rates
The American small-business tyrant has a favourite political party
China’s prices are just too low for buyers to sweat about tariffs
Japan’s corporate service inflation perks up in March
New Zealand first-quarter imports fall amid sluggish economy