Trump's top economic adviser resigns
Washington: Former Goldman Sachs executive Gary Cohn resigned on Tuesday from his post as chief economic adviser to President Donald Trump due to disagreement with the White House plan to impose tariffs on imports of steel and aluminum.
"It has been an honor to serve my country and enact pro-growth economic policies to benefit the American people, in particular the passage of historic tax reform. I am grateful to the President for giving me this opportunity and wish him and the Administration great success in the future," the 57-year-old Cohn said in a statement.
His resignation reportedly will take effect in the coming weeks.
"Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again," said Trump in a statement released by the White House.
Cohn is the latest in a long list of Trump's close advisers to resign and the announcement comes just a few days after the departure of the president's faithful adviser and communications director, Hope Hicks.
The president announced last week that he would impose the tariffs despite the opposition of a large number of Republican lawmakers and Cohn.
The departure of Cohn, a Democrat who is a defender of free trade, could have a domino effect on the president's economic decisions and on the financial sector, given that last August the mere threat of his exit caused the investment markets to tumble.
Indeed, in after-hours trading, one exchange-traded fund measuring the broad US stock market - the SPDR S&P 500 ETF Trust (SPY) - fell more than 1 percent after the news of Cohn's resignation broke.
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NDRF, SDRF teams continue efforts to rescue 3-yr-old girl from borewell in Rajasthan
Jaipur, Dec 24: Efforts to rescue a three-year-old girl who fell into a 150 feet deep borewell in Kotputli-Behror district of Rajasthan continued on Tuesday.
The girl, Chetna, fell into the borewell while playing in the agriculture farm of her father on Monday.
SHO Sarund Mohammad Imran said teams of NDRF and SDRF are trying to rescue the girl safely.
Senior Commandant of NDRF Yogesh Meena said, "After failing to safely pull out the girl from the borewell with a ring rod, efforts are being made to pull her out with another local equipment made of iron plate."
The girl's actions were captured on camera and an oxygen pipe was lowered into the borewell to supply oxygen.
Two weeks ago, a five-year-old child fell into a borewell in Dausa district. The rescue operation to rescue the child safely lasted for more than 55 hours. However, by the time he was pulled out, the child had lost the battle of life.
