President-Elect Trump Gears Up for Second Term with a Business-Heavy Team

As President-elect Donald Trump assembles his team for a second term in office, his selection pool prominently features a blend of business magnates and Wall Street figures, coupled with faithful supporters who were part of his first term administration. Republicans are projected to take control of not only the White House but also Congress, setting the stage for a smooth transition and likely swift Senate approvals of Trump’s 4,000 proposed government appointments.

Heading the transition are Howard Lutnick, the CEO of Cantor Fitzgerald LP, and Linda McMahon, co-founder of World Wrestling Entertainment; both of whom spent significant time with Trump at Mar-a-Lago. Here, cabinet interviews and important decisions regarding the formation of the new administration are expected to unfold.

A historically significant appointment has already been made with Trump naming Susie Wiles, his former campaign manager, as White House Chief of Staff - a role that has never been held by a woman. Wiles is recognized for instilling order during the tumultuous election campaigns and is expected to hold considerable sway over the President’s agenda and calendar.

The transition team, showing more organization and preparedness than in 2016, aims to name leaders for crucial departments before November ends. Key figures like Kevin Hassett and Kevin Warsh are being considered for the National Economic Council Director position, while the Treasury and State department heads are expected to come from Trump's circle of advisors and fundraisers.

The Treasury role is highly significant, managing financial stability and serving as the primary voice on fiscal policies. The State Department’s job focuses on international relationships and adhering to U.S. security objectives, while also handling intelligence matters, global treaties, and emergency evacuations for U.S. citizens abroad.

The Commerce Department role has seen renewed vigor and importance, especially following the $280 billion Chips and Science Act. The department is central to trade initiatives and maintaining technological advantages against global competitors. Former USTR officials Jamieson Greer and Stephen Vaughn are being considered for the USTR position, a role integral to Trump's populist trade policies.