quarta-feira, 3 de maio de 2017

#BRAZILIAN GOVERNMENT REFORMS: IMPORTANT STEPS TO RENEW THE G20 COMMITMENT TO IMPLEMENTATION OF THE 2030 AGENDA ENGAGEMENT AND RELATED NEWS

#BRAZILIAN

GOVERNMENT

REFORMS

IMPORTANT STEPS TO RENEW THE G20

COMMITMENT TO IMPLEMENTATION OF THE

2030 AGENDA ENGAGEMENT AND

RELATED NEWS

ALSO SEE G20 SUMMIT INSIGHTS :

http://www.g20-insights.org/wp-
content/uploads/2017/04/reforming-international-cooperation-towards-transformative-change-1491921072.pdf

[ENGLISH VERSION]

SOURCE/LINK: https://www.ft.com/content/9d8a1286-e805-11e6-893c-082c54a7f539

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Temer stays tough on Brazil economic reforms Unpopular president to press on with agenda that has boosted currency and stock market

Unpopular president to press on with agenda that has boosted currency and stock market

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Brazil will press ahead with an economic reform programme that helped make its stock market and currency the strongest performers in emerging markets last year, President Michel Temer said. Sample the FT’s top stories for a week You select the topic, we deliver the news. Select topic Enter email address Invalid email By signing up you confirm that you have read and agree to the terms and conditions, cookie policy and privacy policy. In an interview with the Financial Times, he also warned about the dangers to the region of a trade war between Washington and Mexico and indicated that there was fierce interest in the country from China as it seeks to cement its place as the region’s largest trading partner ahead of the US. Since Mr Temer’s centrist, pro-business government came to power following the impeachment of leftist former president Dilma Rousseff in August for manipulating public finances, it has passed a landmark law limiting future increases in budget spending to zero in real terms; started difficult pension reform; and is now planning to pass three more reforms to education, labour and tax laws before the next elections in 2018. “I think it [the reform] programme, will achieve its targets. The spending limit was passed in near record time. We approved what was an extremely difficult reform in four and a half months,” Mr Temer said. Speaking at his private legal chambers in São Paulo, President Michel Temer said of his tough austerity measures: "I would prefer that instead of being applauded now [for unsustainable populist spending] to be applauded later on, that is my objective" © Nacho Doce Latin America’s largest economy suffered its second year of deep recession in 2016, shrinking at a rate of more than 3 per cent. But its currency has strengthened more than 20 per cent over the past 12 months against the dollar and the stock market rose 37 per cent in local currency terms on bullishness over the reforms. Many analysts are sceptical that the rally can last and point out that an expected economic recovery this year will be anaemic at best, with a survey of economists by the central bank pointing to growth of 0.5 per cent. Meeting in his private legal chambers in São Paulo, Mr Temer, a 76-year-old constitutional lawyer, acknowledged the recovery would be slow with industry operating at undercapacity and unemployment, which hit a high of 12 per cent in December, taking time to fall. But he said the government was taking stimulus measures, including the injection of up to R$30bn ($9.6bn) from a central employment guarantee fund into the economy and efforts to lower the country’s credit card rates, which are among the world’s highest at up to 480 per cent. “We are coming out of recession,” Mr Temer said. The reform to the country’s generous social security system that will lift the retirement age from the current average of about 54 years to 65 years could be passed into law as early as the second quarter of 2017, Mr Temer said. The government was also aiming to pass a law this year to tackle Brazil’s rigid labour code, which employers argue deters hiring, and the country’s moribund school education system which produced results near the bottom of global rankings. Once these reforms were passed, the government would try to simplify the country’s convoluted tax code, often cited as a key reason for Brazil’s lack of competitiveness, he said. Despite the reforms, his government remains one of the most unpopular in recent Brazilian history, with only 15 per cent of those surveyed in a recent Pulso poll approving of the president. A protest against President Michel Temer's reforms in October. His government remains one of the most unpopular in Brazil's recent history © AFP This was because his government was taking tough austerity measures that would leave a positive long-term legacy, not engaging in the “fiscal populism” of previous governments that left Brazil running a 10 per cent deficit, said Mr Temer, who has pledged not to run for another term in 2018. “I would prefer that instead of being applauded now [for unsustainable populist spending] to be applauded later on, that is my objective,” he said. But another of the other reasons for his government’s low popularity is a sweeping investigation into corruption at state-owned oil company Petrobras that has implicated many members of his government and party, including the president himself. Related article Temer and Brazilians put faith in economic revival Country looks beyond prison riots and corruption in hope of growth The supreme court is holding testimony from 77 executives of construction company Odebrecht, which includes an allegation that Mr Temer sought illegal donations for his PMDB party when he was party president. Mr Temer said he had only sought legal donations. “I am feeling absolutely tranquil” about the investigations, he said, pledging that there would be “zero” interference from his government in the case. On the policies of US President Donald Trump, Mr Temer said a trade war between the US and Mexico could be disruptive to regional trade as a whole and “would not be useful, we think, not for the US, not for all the countries in . . . Latin America”. The US is Brazil’s second-biggest trade partner and an important market for Brazilian manufactured goods, such as civil aircraft. Economists say a withdrawal from regional trade by the US would create more opportunities in Latin America for China, which is already Brazil’s biggest single trading partner. Mr Temer said Chinese companies were strong contenders for 34 concessions for ports, airports, roads and other infrastructure projects being offered by his government. “They [the Chinese] are coming to Brazil in a big way . . . and they are very interested in these concessions,” he said. Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

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SOURCE/LINK: http://www.brazilgovnews.gov.br/news/2016/12/120-days-with-the-courage-to-make-the-reforms-brazil-needs/120-dias-editada.jpg/view

BrazilGovNews

PRESIDENCY OF THE REPUBLIC OF BRAZIL

News

120 days with the courage to make the

reforms Brazil needs

#120days

Get to know some of the many measures put in place by the current administration

published: Dec 28, 2016 12:00 AM last modified: Dec 30, 2016 08:31 AM

Alan Santos/PR

In four months of work, the Brazilian government has taken the first assertive steps to put the country back on track

When this administration effectively took office 120 days ago, Brazil was going through a severe economic and social crisis. We had the courage to take the necessary action to curb inflation and make it return to within the inflation target brackets, which allows us to responsibly decrease interest rates. We have implemented a ceiling for public spending increases.

The shares of State-owned enterprises, devalued before, have gained value sharply: Eletrobras' shares rose by over 147%; Petrobras' by over 110%. The surplus in our foreign trade is now above 45 billion dollars. However, the economic scenario still inspires much care. After four months of intense work, these are just the first steps to put the country back on track, to transform the lives of this generation of Brazilians and to ensure the future of the next one. After all, Brazil cannot wait.

Get to know some of the many measures that have already become reality:

Public spending ceiling: ensures investments in key areas and limits the growth of government spending over the next 20 years

In December, Proposed Amendment to the Constitution (PEC) No. 241 was approved by the Senate, effectively limiting public spending by the federal government for the next 20 years. With the amendment in place, it will be possible to reverse Brazil's constantly-increasing primary deficit (total revenues minus budget expenses), which this year will reach US$ 169 billion. Now, the federal government will only be able to increase spending to a cap defined by the inflation rate of the previous year. In other words, if inflation reaches 7% in 2016, that will be the limit to which public spending may increase in 2017.

Adjustments to public accounts without creating new taxes

In October, President Michel Temer said the government does not intend to raise taxes to stabilise public accounts. When asked about how the productive sector will contribute to the fiscal adjustment, Temer said the government will not propose tax relief programmes, and that improvements in economic activity will raise productive activity in Brazil.

Repatriation of funds: measure made it possible to repatriate R$ 46.8 billion, used for investments in the development of the country and transferred to states and municipalities

The government enacted a law on 13 January 2016 establishing the Special Exchange and Tax Regularisation Scheme (RERCT in the Portuguese acronym), created to encourage the remittance of amounts lawfully obtained abroad back to Brazil. The government is relying on this repatriation as a major source of additional revenue to improve the fiscal balance this year. The amount raised from the Repatriation Law has reached R$ 46.8 billion with the regularisation of foreign assets.

Pension reform: changes in retirement rules to ensure the pensions of current and future generations

The draft pension reform bill presented by the federal government sets the age of 65 (with 25 years of contribution) as the minimum for retirement for both men and women. The pension reform bill also proposes that the minimum retirement age be adjusted in case of increases in life expectancy after retirement, as measured by the Brazilian Institute of Geography and Statistics (IBGE).

Audit of INSS recipients: combating fraud and irregularities

A task force of the National Social Security Institute (INSS) has reviewed about 10,894 sick pay beneficiaries and cancelled 8,442 benefits between October and November. The government saved R$ 139 million with these cancellations alone.

Administrative reform: extinction of staff and commissioned positions

By the end of October, about 3,690 'trust positions' had been extinguished in the federal government personnel structure, leading to savings of R$ 176 million per year. The goal is to cut 4,031 such positions, which will amount to R$ 220 million in annual savings.

Reduced number of ministries

As a result of a Provisional Measure (a type of Executive Order, called MP in Portuguese) issued in May and later sanctioned by Congress as law in September, the number of ministries in Brazil was reduced from 32 to 24. Subsequently, another MP recreated the Ministry of Culture, after demands by the artistic class.

More stringent rules for government appointments to State-owned enterprises

The Senate has approved the State-owned Enterprise Accountability Law, which lays down stricter rules for purchasing, procurement, and the appointment of officers, board members and CEOs in public and mixed-capital enterprises. According to the new law, the criteria for appointments should be strictly technical, and candidates must preferably be chosen from within company staff employees. As for the boards, those must have seven to eleven members, with terms of up to two years, and a quarter of the members must be independent - i.e. they cannot have ties to the enterprise.

Recovery of major Brazilian state-owned enterprises and appreciation of their shares, including Petrobras (114.2% share appreciation), Eletrobras (137%) and Banco do Brasil (86.3% 96.02%)

Petrobras' market cap sprung from less than R$ 70 billion in January to US$ 209.77 billion now. After accumulating R$ 30 billion in losses, Eletrobras reported a net profit of R$ 863 million in Q1 2016. Total gains for the company reached R$ 9.687 billion over the last nine months. As for Banco do Brasil, the bank's market cap is now at around R$ 80.07 billion.

Law that exempts Petrobras from necessarily being an operator in every pre-salt exploration block, creating a better environment for large investors and increasing the sector's competitiveness

The bill that lessens the requirements for Petrobras participation in pre-salt layer investments brought increased confidence in the sector and sizeable impacts on investment and revenue. A study by the Federation of Industries of the State of Rio de Janeiro (FIRJAN) points out that the change in the current rule could allow for as much as US$ 420 billion in investments by 2030. The entity also estimates that the change would bring socio-economic returns of about US$ 390 billion, including revenue from government participation, signing bonuses, royalties and proceeds from the sale of surplus oil to the federal government.

US$ 45 billion surplus in foreign trade by the third week of December

The Brazilian trade balance reached a surplus of US$ 45.005 billion after the results of the third week of December. The surplus recorded in the week was of US$ 864 million, the result of US$ 3.969 billion in exports and US$ 3.105 billion in imports.

Release of R$ 40 billion in credit lines (in partnership with public and private banks) specifically for individual microentrepreneurs and micro and small businesses

The BNDES Microcredit programme finances working capital and productive investments for small-scale activities, including civil construction and purchases of machinery, equipment, supplies and materials.

In October 2016, the programme’s operations reached R$ 1 billion in disbursements for productive microcredit, with estimated multiplier effects of R$ 4.5 billion injected into the economy by microentrepreneurs throughout Brazil.

Decreased Brazil Risk

Between 24 May (when the government announced Proposed Constitutional Amendment 241, aimed at establishing a cap for public spending increases) and 20 October, the Brazil Risk, measured by Credit Default Swap (CDS) rates, fell by 26.47%.

Dollar depreciation

The Brazilian currency gained 12.32% in value against the dollar in five months; the exchange rate dropped from R$ 3.57 per dollar in late May to R$ 3.13 on 20 October.

Renegotiation of state debts

According to the renegotiation proposed for the debts of Brazil's states with the federal government (Complementary Bill 257/16, proposed by the Executive), the states would benefit from payment deadlines extended by over 20 years, discounts in instalments payable by July 2018 and new indices for restatement that would mean lower interest rates than those currently charged.

Approval of the Federal Government Revenue Decoupling amendment, which was stalled in Congress

The Decoupling of Federal Government Revenues (DRU, in the Portuguese acronym) is a mechanism that authorises the government to redefine the priorities of about R$ 120 billion in yearly revenue. The measure also helps the formation of primary surpluses (by allowing for increased savings to service public debt interest). These savings also have a practical effect for families: inflation control. In practice, the DRU increases flexibility so that the government can use part of its budget funds with expenses it considers to be more important. This authorisation frees the government to use 30% of revenues that today are "earmarked" for specific expenses.

Creation of the Investment Partnerships Programme, with 34 projects already launched in the areas of ports, airports, railways, highways, oil & gas and energy

The goal of the Projeto Crescer ("Grow Programme") is to reformulate the concessions model used in Brazil with strengthened legal certainty, increased regulatory stability and modernised governance. In practice, the programme will help create business opportunities and assist Brazil in the path back to GDP growth. The proposal, spearheaded by the Secretariat of Investment Partnership Programmes, creates the conditions necessary to reorganise the economy and help the country create jobs and income again.

New law improves business environment for the electricity sector

Provisional Measure (a sort of Executive Order, called MP in Portuguese) No. 735/16, known as the Electricity Sector MP, facilitates concessions and privatisations in the sector and allows for the privatisation of state distribution companies that had been nationalised. The law also provides for measures to reduce the federal government's costs with subsidies and facilitate power auctions.

Minha Casa, Minha Vida: 170,000 homes delivered in 2016 and 500,000 new homes to be built in 2017

Michel Temer said in December that the federal government will deliver 500,000 new homes under the Minha Casa, Minha Vida (My House, My Life) affordable housing programme in 2017. The president also noted that 170,000 families have benefited with aid for the purchase of a home under the programme since May this year. According to Minister of Cities Bruno Araújo, the 170,000 units delivered have benefited about 700,000 Brazilians in total.

Mothers of children with microcephaly now have priority when purchasing their home under the Minha Casa, Minha Vida

Applicants to the MCMV housing programme who have a family member with microcephaly will no longer need to be picked out of a ballot draw to benefit. In order be awarded this priority, the family must also be in the programme’s Band 1, i.e. for the poorest families (up to R$ 1,800 in monthly family income).

Changed rules for the "Renovation Card": families with monthly income of up to R$ 1,800 will receive a pre-paid card with about R$ 5,000 in aid to spend on construction material and small renovations

In order to benefit more than 100,000 families seeking resources to improve and expand their homes, the federal government launched the Cartão Reforma ("Renovation Card") last November. The programme will offer up to R$ 500 million in aid for families with average monthly income of up to R$ 1,800. Each family will receive an average benefit of R$ 5,000 to purchase construction materials, with priority given to persons with disabilities.

Reduction in interest rates for Caixa Econômica mortgages

The interest rates charged by Caixa Econômica Federal (federal savings bank) for mortgages hired by individuals and corporations has been reduced. The bank announced in November that it would reduce the minimum rate of funding in the Brazilian Savings and Loan System (SBPE). The measure passes on savings of about 0.25 percentage point in the SELIC (Brazil's basic interest rate) to consumers financing a new home or purchasing a previously-occupied one.

Maximum market value of properties eligible for financing by Caixa increased from R$ 1.5 million to R$ 3 million (for properties inside the Real State Financing System - SFI)

Since July 25, the Caixa Econômica Federal (Federal Savings Bank, a state owned bank) began financing properties with market value of up to R$ 3 million. The financing limit previously in force was of R$ 1.5 million. The change announced by Caixa only affects credit operations for properties inside the Real State Financing System (SFI), which uses funds from savings accounts.

Bolsa Família benefits increased by 12.5%

The approximately 13.9 million families that receive benefits of the Bolsa Família ("Family Allowance") conditional cash transfer programme began receiving increased amounts as of July 18 this year. With the raise, announced on June 29, the average benefit paid went from R$ 162.07 to R$ 182.31.

High school reform: flexible curricula, inclusion of vocational training, and incentives to full-time education

The Novo Ensino Médio ("New Secondary Education") provided for a gradual shift to full-time schools. Over two years, the government will invest R$ 1.5 billion to convert part-time schools to full-time. The minimum annual course load, currently at 800 hours, will be gradually extended to 1,400 hours. With the changes, Brazil's Secondary Education curriculum will be divided into two main components, one with compulsory courses and another with elective ones. The New Secondary School will also offer vocational training, with theoretical and practical lessons.

Over 75,000 new student loan benefits on offer

In June, the federal government announced the creation of over 75,000 new grants under the Student Financing Fund (Fies). The new offers represent a 50%+ increase over the number of contracts signed in the first half of 2016. Investments by the Ministry of Education (MEC) for new Fies contracts in H2 2016 totalled R$ 450 million.

Electronic patient records in healthcare units ensure easier, real-time access to medical information and faster dispensation of medicines

With the digital platform, all data related to health services (such as patient history and exam results) will be available for consultation. The system will also display the availability of medicines in real-time and keep a digital log of home visits made by health workers. With 100% of the data from the municipal healthcare network going to the national database, the Ministry of Health will now be able to check, online, how every penny allocated to the Unified Healthcare System (SUS) is being spent in the health of Brazilians.

Support by the Brazilian Air Force (FAB) for the transport of transplant organs across the country. Number of transplanted organ increased 30-fold since June

On 6 June, President Michel Temer issued a decree determining that the Brazilian Air Force (FAB) must permanently maintain an aircraft on the ground ready to respond to any request for transportation of human organs, tissues or body parts for transplant. The rule also applies to cases where it is necessary to take the patient to the organ. Between June and November 2016, more than 100 missions were carried out for organ transplants.

Renegotiation of debts contracted until 2011 by farmers around the Brazilian North and Northeast. One million contracts may be renegotiated

Farmers located around the North and Northeast regions of Brazil, which are the ones most affected by droughts, will have the chance to renegotiate their debts or enjoy discounts for full settlement until 29 December 2017. The measure applies to cases with one or more operations by the same borrower contracted by 31 December 2011 with Banco do Nordeste and Banco da Amazônia. The discounts will be applied throughout five ranges of outstanding debt (according to the principal of the loans taken), ranging from R$ 15,000 to over R$ 500,000.

Plano Agro: 69 measures to help cut red tape and increase Brazil's share in world agricultural trade from 7% to 10% in five years

the Agro+ plan, launched in the second half of 2016, was conceived to reduce bureaucracy and modernise the rules and procedures of the Ministry of Agriculture, Livestock and Food Supply (MAPA). With the removal of barriers, the private sector and the government expect to benefit from estimated efficiency gains of R$ 1 billion per year. The amount represents 0.2% of the annual turnover of Brazilian agribusiness, estimated at about R$ 500 billion.

Law that equates the maternity/paternity leave of adopting parents to that of biological parents

Federal civil servants who adopt are now entitled to maternity leave of 120 days extensible for another 60, just like biological parents. On 12 December, President Michel Temer approved the official opinion that recommended granting the benefit to all civil servants.

Law allowing reduced working hours for federal civil servants with a spouse or child with disabilities

Public servants with direct relatives with disabilities are now entitled to reduced working hours. The decision is part of a law signed by President Michel Temer on 12 December. Previously, the benefit was extended only to civil servants with disabilities themselves, who were already entitled to special working hours without compensation according to the Legal Regime of Federal Civil Servants.

Release of R$ 3 billion for the purchase of 10,000 public transport buses

The federal government will finance the purchase of 10,000 new buses to renew the public transport fleet of the country. On 13 December, President Michel Temer and the Minister of Cities, Bruno Araújo, announced the transfer of R$ 3 billion to all states and the Federal District for the purchases. They money will be funded with resources of the Guarantee Fund for Length of Service (FGTS). The measure is part of the Collective Urban Public Transport Fleet Renewal Programme (Refrota). At least 10% of the fleet in circulation in Brazil is expected to be modernised with funds from the plan. In all, about 107,000 bus are in operation in Brazil, carrying 30 million passengers every day.

Discharge of debts with international organisations

In October, President Michel Temer sanctioned a law allocating R$ 3 billion to the payment of Brazil's contributions to about 50 international multilateral organisations, including the United Nations, UNESCO, the World Trade Organization (WTO) and the Organization of American States (OAS).

Resumption of the transposition and revitalisation of the São Francisco River

The works of the São Francisco River Integration Project are now in full swing. Extending for 477 km along the North and East axes of the river, the project will bring water to over twelve million people in 390 municipalities in the states of Ceará, Paraíba, Pernambuco and Rio Grande do Norte. In the East Axis, 90.27% of the structures are now completed. For the North Axis, where 91.25% of works have been executed, delivery is expected to take place by the first quarter of 2017.

Additional R$ 10 billion for the healthcare budget in 2017

The 2017 Annual Budget Bill (PLOA) approved by Congress provides for R$ 115.3 billion investments on health, R$ 10 billion more than in 2016. The new amount is equivalent to 15% of net current revenue of the federal government.

Decoupling of R$ 4.6 billion from the education budget in 2016 and forecast for a R$ 10 billion increase in 2017

The Minister of Education, Mendonça Filho, announced that the ministry has managed to raise the budget of the Ministry of Education (MEC) in about 7% for 2017. With the increase, the ministry is expected to have R$ 9 billion in additional funds to spend in 2017. According to the budget approved by Congress, the area will have R$ 85.6 billion available for next year.

Reduced credit card interest rates

President Michel Temer announced changes in the credit card payment system on December 22 that will allow for decreased interest rates to be charged as early as Q1 2017. Under the proposal, financial institutions may only offer a maximum of 30 days under the revolving payment mechanism, automatically turning the operation into an instalment loan.

Release of withdrawals from inactive FGTS accounts

Workers with inactive accounts in the Guarantee Fund for Length of Service (FGTS) by 31 December 2015 will be allowed to withdraw the amounts deposited. The amount of withdrawals may add to around R$ 30 billion, or 0.5% of Brazil's Gross Domestic Product (GDP). The change will benefit approximately 10.2 million workers. In 86% of accounts, the amount held in inactive accounts is lower than a minimum wage.

Labour reform to ensure and create more jobs

The government will send a bill to Congress conceived to modernise Brazil's current labour laws. One of the cores of the initiative is to give more power to collective bargaining agreements. If approved, the bill will also increase the maximum term of probational employment agreements to 120 days (extensible once for the initial period agreed upon). As for temporary job working hours, those would be increased to 30 hours a week without overtime, or 26 hours a week with the possibility of 6 hours per week.

Filed under: 120 Days of Government President Michel Temer Federal Executive Power Brazilian Government Brazil

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SOURCE/LINK: http://fortune.com/2017/03/27/ivanka-trump-berlin-germany-angela-merkel/

Here’s Why Ivanka Trump Is

Reportedly Planning a Trip to Berlin

FORTUNE

Mar 27, 2017

It seems German Chancellor Angela Merkel's visit to the White House earlier this month produced more than just a few painfully awkward moments with President Donald Trump. Merkel met with Ivanka Trump during the trip and now the first daughter is reportedly planning to visit Germany in late April.

Merkel sat down with President Trump for the first time on March 17 to discuss trade, immigration, climate change, foreign policy, and defense. In the end, the summit will be remembered for an uncomfortable photo-op when Trump did not respond to Merkel's suggestion for a handshake. Another cringe-worthy exchange came when Trump, who's made unsubstantiated claims that President Barack Obama wiretapped Trump Tower, joked about his predecessor also spying on the German leader.

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During her time in Washington, Merkel also met with Ivanka Trump. At the request of German officials, Ivanka Trump helped arrange a meeting between American and German business leaders to discuss vocational training. In Germany, young people can enroll in a dual vocational training program that gives them hands-on experience at a company alongside theoretical lessons at an education center. The Associated Press reports that Trump is now planning a trip to Berlin in April where she's expected to attend the W20 summit, a women-focused effort within the Group of 20 countries, and possibly tour successful apprenticeship programs.

The sit-down Ivanka Trump organized for Merkel is similar to the one she planned for Canadian Prime Minister Justin Trudeau during his time in Washington. In February, the first daughter, her father, and Trudeau met with CEOs for a roundtable discussion to launch a bilateral council for advancing women business leaders and female entrepreneurs.

Since President Trump won office, his eldest daughter has focused on job training in addition to topics connected to women's economic opportunities. Ivanka Trump is reportedly a strong influence in the Trump administration, despite having no official role. She seemed to gain even more power last week when a White House official confirmed she'd get her own office in the West Wing, which comes with a security clearance for classified information.

Ivanka Trump stepped down from the Trump Organization and her clothing brand in January, and, at the time, said her only plans were to settle her children in Washington and find the family a new home. Her husband Jared Kushner, took a job as senior advisor to the president, and is reportedly heading a new office aimed at overhauling the federal bureaucracy. President Trump is expected to unveil that effort on Monday.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

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