President-elect Donald Trump has chosen Linda McMahon, co-founder and former CEO of World Wrestling Entertainment (WWE) and one-time Senate candidate, to head the Small Business Administration, transition team officials said Wednesday. "Linda has a tremendous background and is widely recognized as one of the country's top female executives advising businesses around the globe," Trump said in an announcement, noting McMahon's success in growing WWE from 13 people to 800.
McMahon called small businesses "the largest source of job creation in our country" in a statement, and said her goal would be to ensure those businesses "grow and thrive," Reuters reported. Trump also mentioned she would be vital to his push to reduce federal regulations.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
May 24 editorial cartoonsCartoons Saturday's political cartoons feature Medicare and Medicaid cuts, James Comey's social media post, and Trump's big beautiful bill.
-
5 cartoons about the Russia-Ukraine peace talksCartoons Artists take on a stand-in for Vladimir Putin and phone calls with Donald Trump.
-
Donald Trump's foreign policy flip in the Middle EastTalking Point Surprise lifting of sanctions on Syria shows Saudi Arabia, the UAE and Qatar are now effectively 'dictating US foreign policy'
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
