Obama on Trump victory: we are now all rooting for his success
- Oil steadies on doubts output cut will end global glut
- Western Digital (WDC) Raises Q2 Outlook
- Dollar edges up vs yen as traders eye ECB meeting for cues
- Mondelez Int'l (MDLZ) Seen as Kraft Heinz's (KHC) Next Logical Takeover Target - Credit Suisse
- Foxconn says in preliminary discussions to expand U.S. operations
U.S. President Barack Obama walks the Colonnade toward the Oval Office of the White House in Washington on election day, November 8, 2016. REUTERS/Kevin Lamarque
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
By Jeff Mason and Roberta Rampton
WASHINGTON (Reuters) - U.S. President Barack Obama pledged on Wednesday to work for a smooth transition of power with president-elect Donald Trump, the Republican winner of Tuesday's election, who has promised to undo Obama's top domestic and foreign policy initiatives.
In brief remarks to reporters in the White House Rose Garden, Obama urged fellow Democrats to put aside their disappointment and tried to strike a positive tone after a devastating electoral defeat.
"It is no secret that the president-elect and I have some pretty significant differences," Obama said with a smile about Trump, who had long questioned whether Obama had been born in the United States and his eligibility for office.
"We are now all rooting for his success in uniting and leading the country," Obama said.
Obama and his wife, Michelle, campaigned hard for Democratic candidate Hillary Clinton to defeat Trump, acknowledging that the president's legacy on healthcare, climate change and financial reforms were on the line.
But Obama kept his remarks on Wednesday focused on ensuring a successful transition for Trump, noting that his Republican predecessor, former President George W. Bush, had done the same for him eight years ago.
"Everybody is sad when their side loses an election, but the day after we have to remember that we're actually all on one team," Obama said.
"I want to make sure that handoff is well executed because ultimately we're all on the same team," Obama said.
(Additional reporting by Ayesha Rascoe and Doina Chiacu; writing by Roberta Rampton; editing by Grant McCool and Jonathan Oatis)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EU optimistic Basel bank capital deal can be reached in January
- Ohio lawmakers pass 'heartbeat' abortion legislation
- British parliament set to back PM May's Brexit timetable
Create E-mail Alert Related CategoriesReuters
Related EntitiesDonald J. Trump, Barack Obama
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!