However, to carry out this initiative, the support of the congressan obstacle that could stop your proposal. Therefore, this dismantling is not yet guaranteed.
As reported, the president will sign a Executive order in which he instructs the Secretary of Education, Linda McMahonto start the agency dissolution process. However, due to legal limitations, Trump requires the approval of Congress To specify the definitive closure.
What is the Department of Education
He Department of Education operates as an independent entity from May 1980when the former president Jimmy Carter decided to split the Department of Health, Education and Welfare, giving rise to Department of Health and Human Services and to the current educational organism.
Despite the determination of the government, the viability of the initiative is uncertain. For approval in the Senatethey are required 60 votes in favorbut the Republican party It only has 53 seatswhich makes it difficult to achieve the necessary majority.
The draft of the executive order, which already circulates in the Congressrecognize that Trump cannot proceed unilaterally And, therefore, he urges McMahon to adopt “all necessary measures” to advance with the closure “to the maximum extent appropriate and allowed by law.”
From his arrival at the White House the January 20Trump has signed near 100 executive ordersmany of which have been focused on reduce funds and close government agencies. During his first term, he reached a total of 220 orders of this type, reaffirming its commitment to a more austere and decentralized administration.
Donald Trump analyzes creating a great sovereign background
He United States Department of Commerce recruited the former banker of Morgan Stanley, Michael Grimes, to direct a sovereign background of developing wealth, which is part of an effort promoted by the president Donald Trump To ensure a US participation in key projects for national security, according to Bloomberg.
Grimes, who left his post at Morgan Stanley after 30 years, It will join the trade department to supervise this fund, according to sources close to the matter they asked for anonymity because the details have not yet been made public. Although the project is still in its early stages and many aspects can change, the intention is that the background is part of a broader effort of Public-private collaboration to open large-scale institutional investment options.
The Commerce Department did not respond immediately to a request for comments, and Grimes was not available to make statements. During his time in Morgan Stanley, Grimes worked with Elon Musk, Trump’s current nearby advisor, in the purchase of Twitter, according to Bloomberg.
This step reflects the advance of the administration in relation to a Executive order issued by Trump in February, which approached the creation of a sovereign fund. The president had proposed this idea during his electoral campaign as a vehicle to redirect the funds raised by tariffs towards investments in areas such as medical manufacturing, defense and research. Although it is not yet planned that the fund receives income directly from the tariffs, the details continue to evolve.
Source: Ambito
