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WSJ What’s News

How Trump’s Agenda Could Fare in Congress

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 11 December 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Dec. 11. Donald Trump picks Andrew Ferguson to succeed Lina Khan as FTC chair, seeking to remake the agency. Plus, Trump pledges to speed up permitting for companies investing over $1 billion—and while reform in this area has garnered bipartisan support in recent years, the WSJ’s Siobhan Hughes says other parts of the president-elect’s agenda could meet resistance in Congress… though we could also see some surprising alliances. And GM walks away from its Cruise robotaxi program after nearly a decade and $10 billion in development. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:07.4

But Amazon Q helps streamline work so tasks like summarizing monthly results can be done in no time.

0:12.7

Learn what Amazon Q business can do for you at AWS.com slash learn more.

0:20.6

Trump's vision for the FTC begins to take shape.

0:24.6

Plus, congressional reporter Chavon Hughes on how much of the President-elect's agenda

0:28.9

is likely to survive the GOP's narrow majorities in the House and Senate.

0:33.5

If you thought Republican control in the House and the 118th Congress was slim, wait until

0:39.5

you get to the next Congress. And the end of the road for GM's costly robotaxie program.

0:45.7

It's Wednesday, December 11th. I'm Luke Vargas for the Wall Street Journal, and here is the

0:50.5

AM edition of What's News, the top headlines and business stories moving your world today.

0:59.2

President-elect Donald Trump says he'll elevate Republican lawyer Andrew Ferguson to lead the Federal Trade Commission.

1:07.0

Ferguson, already an FTC commissioner, won't need Senate approval to assume the role where he would

1:12.8

succeed Lena Khan, who flexed the commission's enforcement muscle by challenging mergers and the

1:18.9

business practices of dominant companies. Ferguson is likely to abandon that approach to mergers,

1:25.4

but shares Khan's skepticism of tech companies, posting on X

1:29.3

yesterday that he would work to, quote, end big tech's vendetta against competition and free speech.

1:36.0

Separately, Trump says he'll nominate antitrust lawyer Mark Meador to be an FTC commissioner,

1:41.4

and if confirmed, he would give the GOP a majority on the commission.

1:45.7

Metter is a former aide to Utah Republican Senator Mike Lee, who led the introduction of legislation

1:51.6

to break up Google. Meanwhile, Trump is promising to speed approval of large construction projects,

1:58.8

signaling that he intends to push the limits of federal law to

2:02.2

boost the economy. Posting on Truth Social, Trump said that any person or company investing a

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