Subscribe

Sean Spicer resigns as press secretary after Anthony Scaramucci is appointed communications director

Scaramucci is known as an ardent foe of the DOL fiduciary rule, having said during the campaign that Trump would repeal it .

White House Press Secretary Sean Spicer resigned on Friday after President Donald Trump hired financier Anthony Scaramucci as his communications director, a White House official said.

The White House communications staff were meeting in Spicer’s office Friday morning after news of his departure was reported.

Scaramucci, 53, a campaign fundraiser for Trump and regular adviser during the presidential transition, has been mentioned for multiple jobs in the administration, most recently as ambassador to the Paris-based Organisation for Economic Co-operation and Development. He’s also been considered as head of the White House Office of Public Engagement.

Mr. Scaramucci has been an ardent foe of the Department of Labor fiduciary rule, and during the campaign said that as president, Trump would repeal it . He compared the DOL rule to an 1857 Dred Scott Supreme Court ruling which held that African Americans were not U.S. citizens. He made the analogy because he views the DOL rule as discriminatory, Mr. Scaramucci wrote in an email.

He agreed in January to sell his approximately 45 percent stake in SkyBridge Capital. The buyer group included a subsidiary of HNA Group, the Chinese conglomerate, as well as a little-known company called RON Transatlantic.

The New York Times first reported Spicer’s resignation, which it said was in protest over Scaramucci’s hiring.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Spurs co-owner Sixth Street laying ground for debut sports fund

The San Francisco-based investment firm and NBA team stakeholder is reportedly in talks to raise its first vehicle for sports teams and leagues.

JPMorgan taps ChatGPT for new thematic investment suite

The banking giant’s generative AI-powered strategy, IndexGPT, is the latest attempt by Wall Street to harness the nascent technology.

Tech stocks gain ahead of US jobs report

Labour market data is due at 8.30am ET.

Bond traders now think Fed will move faster

Yields have fallen since the central bank's latest decision.

Gold heading for worst weekly loss since February

Higher-for-longer rates expectation has weakened demand.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print