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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
BJP names 9 candidates for RS polls, party chief Nitin Nabin to contest from Bihar
New Delhi (PTI): BJP national president Nitin Nabin was on Tuesday nominated as the party's candidate from Bihar for the upcoming Rajya Sabha polls.
The ruling Bharatiya Janata Party (BJP) has released a list of nine candidates for the Rajya Sabha polls, fielding its former West Bengal unit chief Rahul Sinha and Chhattisgarh unit vice-president Laxmi Verma from the respective states.
ALSO READ: Does PM Modi support head of state's assassination as way to define world order: Rahul
Assam PWD Minister Jogen Mohan and MLA Terash Gowalla will be the saffron party's candidates for the elections to the Upper House of Parliament from the state.
The BJP has also nominated its Odisha unit president, Manmoham Samal, and leader Sujit Kumar, an incumbent Rajya Sabha MP, as candidates from the state for the upcoming polls.
BJP leader Shivesh Kumar will join the fray from Bihar and Sanjay Bhatia, a former Lok Sabha MP of the party, will be its candidate from Haryana. Kumar is Bihar BJP's general secretary.
The names of the candidates have been approved by the party's central election committee, BJP national general secretary Arun Singh said.
