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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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.