Biden, Trump Security Advisers Meet to Pass Ceremonial Baton

US National Security Adviser Jake Sullivan (L) hands a baton to incoming National Security Advisor Mike Waltz during an event at the US Institute of Peace in Washington, DC, on January 14, 2025. (AFP)
US National Security Adviser Jake Sullivan (L) hands a baton to incoming National Security Advisor Mike Waltz during an event at the US Institute of Peace in Washington, DC, on January 14, 2025. (AFP)
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Biden, Trump Security Advisers Meet to Pass Ceremonial Baton

US National Security Adviser Jake Sullivan (L) hands a baton to incoming National Security Advisor Mike Waltz during an event at the US Institute of Peace in Washington, DC, on January 14, 2025. (AFP)
US National Security Adviser Jake Sullivan (L) hands a baton to incoming National Security Advisor Mike Waltz during an event at the US Institute of Peace in Washington, DC, on January 14, 2025. (AFP)

Top advisers to US President Joe Biden and President-elect Donald Trump put aside their differences - mostly - for a symbolic "passing of the torch" event focused on national security issues on Tuesday.

Biden national security adviser Jake Sullivan passed a ceremonial baton to US Congressman Mike Waltz, Trump's pick for the same job, in a revival of a Washington ritual organized by the nonpartisan United States Institute of Peace since 2001.

The two men are normally in the media defending their bosses' opposing views on Ukraine, the Middle East and China.

On Tuesday, Waltz and Sullivan politely searched for common ground on a panel designed to project the continuity of power in the United States.

"It's like a very strange, slightly awkward version of 'The Dating Game,' you know the old game where you wrote down your answer, and that person wrote down their answer, and you see how much they match up," said Sullivan.

The event offered a preview of what may be in store on Monday when Trump is inaugurated as president. This peaceful transfer of power, a hallmark of more than two centuries of American democracy, comes four years after Trump disputed and never conceded his loss in the 2020 election.

This time the two sides are talking. Sullivan, at Biden's request, has briefed Waltz privately, at length, on the current administration's policy around the world even as the Trump aide has regularly said the new team will depart radically from it.

Trump's Middle East envoy Steve Witkoff and Biden's envoy Brett McGurk are working together this week to close a ceasefire deal in the region for hostages held by Hamas in Gaza.

Asked about the key challenges facing the new administration, Waltz and Sullivan on Tuesday both pointed to the California wildfires and China.

Sullivan also highlighted a hostage deal and artificial intelligence as key issues.

Waltz pointed to the US border with Mexico, an area where Trump has ripped Biden's approach.

But he credited the Biden administration with deepening ties between US allies in Asia.

For all the bonhomie between the two men, and the talk of the prospects for peace in the Middle East, Waltz painted a picture of the grimmer decisions awaiting him in his new job.

"Evil does exist," he said. "Sometimes you just have to put bombs on foreheads."



Trump Says Will Demand Interest Rates Drop 'Immediately'

President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
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Trump Says Will Demand Interest Rates Drop 'Immediately'

President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)

US President Donald Trump said Thursday he would seek to bring interest rates lower by unleashing energy production, and would speak to the Federal Reserve if needed.

"I'll demand that interest rates drop immediately," he told the World Economic Forum in Davos, Switzerland, in a virtual address. "Likewise, they should be dropping all over the world. Interest rates should follow us all over."

The US Federal Reserve has a dual mandate from Congress to act independently to keep inflation and employment in check, primarily by raising and lowering the level of short-term interest rates, according to AFP.

As US president, Trump does not have a say over interest rate decisions, a fact that he has frequently criticized.

Trump told reporters in Washington later on Thursday that he would like to see interest rates come down "a lot," adding that lower oil prices should help them to fall.

"When the oil comes down, it'll bring down prices, he said. "Then you won't have inflation, and then the interest rates will come down."

Asked what he would do if the Fed did not lower interest rates, Trump said he would "put in a strong statement" and expected officials to listen to his views, adding that he would consider talking to Fed chair Jerome Powell if needed.

"I think I know interest rates much better than they do," he said. "And I think I know certainly much better than the one who's primarily in charge of making that decision."

"I'm guided by them very much, " he added. "But if I disagree, I will let it be known."