Two members in President Donald Trump's Cabinet - Transportation Secretary Elaine Chao and Education Secretary Betsy DeVos - have joined a number of administration officials resigning in protest against the infamous attack on U.S. Capitol by his supporters.
In a statement addressed to her colleagues in the agency, Chao wrote that she was "deeply troubled" by the "entirely avoidable" events at the Capitol building. Chao, who is the first Asian American woman to become U.S. cabinet member, promised to help Joe Biden's Transportation Secretary nominee Pete Buttigieg to take over the department. Her resignation will be effective Monday.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.