President-elect Donald Trump's transition will be funded entirely by private donors. His unprecedented move to reject federal funds typically allocated to presidential transitions allows him to shield the identity of donors. We explore why this matters in a video collaboration between Politico and Business Insider. 00:00 - Introduction 01:02 - History Of The Presidential Transition Act 02:35 - The General Services Administration 05:10 - Federal Transition Budgets 06:55 - Why The President-Elect Needs Private Donors 08:13 - Ethics Plans And Conflicts Of Interest 09:14 - Big Donors To The Trump-Vance Team 10:30 - Future Transfers Of Power 11:33 - Credits ------------------------------------------------------ #trump #politics #businessinsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: Business Insider on Facebook: Business Insider on Instagram: Business Insider on Twitter: Business Insider on Snapchat: Business Insider on TikTok: How Trump's Transition Could Open The Floodgates For Buying Influence | Business Insider |
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