No clearance sought for Trump's kids

WASHINGTON • A Trump transition team official denied media reports on Monday that the President-elect was seeking security clearance for three of his children and his son-in-law.

Such clearance would allow Mr Donald Trump to discuss matters of national security with his daughter Ivanka, sons Eric and Donald Jr, and son-in-law Jared Kushner.

Federal law prohibits Mr Trump from hiring family members to serve in his administration, but all four played key advisory roles during his presidential campaign.

Mr Trump has insisted that, to avoid conflicts of interest, his children would run his sprawling business operations once he assumed the presidency.

REUTERS

Regulator among first to plan exit

WASHINGTON • Wall Street regulators began an exodus from Washington on Monday as Ms Mary Jo White, chairman of the Securities and Exchange Commission, announced plans to leave the agency.

The decision makes Ms White, a former federal prosecutor who has served more than two decades in the federal government, the first major Obama administration appointee to step down after Mr Donald Trump's upset victory last week. Other financial regulators are expected to follow suit.

Ms White was expected to leave no matter the election outcome.

But many Democrats had hoped that if Mrs Hillary Clinton won, she would choose a strong proponent of regulation to succeed Ms White, whose policies often reflected a political middle ground.

NY TIMES