US Politics in Trump era
Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750. He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
Polls: Coronavirus Pulls Down Trump and GOP Senators Suffer
President Trump’s mismanagement of the coronavirus pandemic has imperiled both his own re-election and his party’s majority in the Senate, and Republican lawmakers in crucial states like Arizona, North Carolina and Maine have fallen behind their Democratic challengers amid broad disapproval of the president, according to a poll conducted by The New York Times and Siena College.
Barr Told Prosecutors to Consider Sedition Charges for Protest Violence
Attorney General William P. Barr told federal prosecutors in a call last week that they should consider charging rioters and others who committed violent crimes at protests in recent months with sedition, according to two people familiar with the call.
Postal Crisis Hits Rural America Hard
The Postal Service is crucial to farmers and rural areas that President Trump won in 2016. Now, residents worry it is being dismantled. People who voted for Trump and now organizing against Trump claiming that he has not delivered for rural America.
Pompeo Says Human Rights Policy Must Prioritize Property Rights and Religion
Secretary of State Mike Pompeo delivered a divisive speech on Thursday calling for the United States to ground its human rights policy more prominently in religious liberty and property rights.
At Mt. Rushmore and the White House, Trump Updates ‘American Carnage’ Message for 2020
President Trump used the spotlight of the Fourth of July weekend to sow division during a national crisis, denying his failings in containing the worsening coronavirus pandemic while delivering a harsh diatribe against what he branded the “new far-left fascism.”
Barr Tries to Fire Berman, S.D.N.Y. U.S. Attorney, but He Won’t Go
Attorney General William P. Barr on Friday night abruptly tried to fire the top federal prosecutor in Manhattan, Geoffrey S. Berman, who has investigated several of President Trump’s closest associates, but Mr. Berman said he would not leave.
Bolton’s Book Says Trump Impeachment Inquiry Missed Other Troubling Actions
In his new book, John R. Bolton, the former national security adviser, describes instances when the president sought to halt criminal inquiries. He also says President Trump’s loyalists mocked him behind his back.
Facebook Removes Trump Ads Displaying Symbol Used by Nazis
Facebook on Thursday removed advertisements posted on its platform by the Trump campaign that prominently featured a symbol used by Nazis to classify political prisoners during World War II, saying the imagery violated company policy.
Federal Arrests Show No Sign that Antifa Plotted Protests
Coronavirus and CDC: Test Counting Error Leaves Epidemiologists ‘Really Baffled’
Trump Removes State Dept. Inspector General
President Trump continued his purge of inspectors general late Friday, moving to oust Steve A. Linick, who had served in that post at the State Department since 2013, and replacing him with an ambassador with close ties to Vice President Mike Pence. The decision to remove Mr. Linick, first reported Friday night by Politico, is the latest in a purge of inspectors general whom Mr. Trump has deemed insufficiently loyal to his administration, upending the traditional independence of the internal watchdog agencies whose missions are to conduct oversight of the nation’s sprawling bureaucracy.
Trump Officials Are Said to Press Spies to Link Virus and Wuhan Labs
Senior Trump administration officials have pushed American spy agencies to hunt for evidence to support an unsubstantiated theory that a government laboratory in Wuhan, China, was the origin of the coronavirus outbreak, according to current and former American officials. The effort comes as President Trump escalates a public campaign to blame China for the pandemic.
The Quiet Hand of Conservative Groups in the Anti-Lockdown Protests
An informal coalition of influential conservative leaders and groups, some with close connections to the White House, has been quietly working to nurture protests and apply political and legal pressure to overturn state and local orders intended to stop the spread of the coronavirus.
Trump to Fire Intelligence Watchdog Who Had Key Role in Ukraine Complaint
President Trump is firing the intelligence community inspector general whose insistence on telling lawmakers about a whistle-blower complaint about his dealings with Ukraine triggered impeachment proceedings last fall, the president told lawmakers in a letter late Friday.
As Iran Reels, Trump Aides Clash Over Escalating Military Showdown
President Trump was getting ready to declare the coronavirus a “national emergency,” but inside the White House last Thursday, a tense debate erupted among the president and his top advisers on a far different subject: whether the United States should escalate military action against Iran, a longtime American rival that has been devastated by the epidemic.
Inside the Coronavirus Response: A Case Study in the White House Under Trump
The culture that President Trump has fostered and abided by for more than three years in the White House has shaped his administration’s response to a deadly pandemic that is upending his presidency and the rest of the country, with dramatic changes to how Americans live their daily lives.
Erik Prince Recruits Ex-Spies to Help Infiltrate Liberal Groups
Erik Prince, the security contractor with close ties to the Trump administration, has in recent years helped recruit former American and British spies for secretive intelligence-gathering operations that included infiltrating Democratic congressional campaigns, labor organizations and other groups considered hostile to the Trump agenda, according to interviews and documents.
Kerik Had ‘Hit Bottom.’ Then Trump Pardoned Him.
For at least 10 years, Mr. Kerik had been seen as a fallen figure from a distant tough-guy era in New York, banished to the margins of power. But with the rise of Mr. Trump, Mr. Kerik’s fortunes changed. His brand — brashly conservative, critical of federal prosecutors and close with right-wing media — precisely fit the jaw-jutting mold favored in the White House.
Lawmakers Are Warned That Russia Is Meddling to Re-elect Trump
Intelligence officials warned House lawmakers last week that Russia was interfering in the 2020 campaign to try to get President Trump re-elected, five people familiar with the matter said, a disclosure to Congress that angered Mr. Trump, who complained that Democrats would use it against him.
Trump Takes Up Call for Barr to ‘Clean House’ at Justice Dept.
Ignoring appeals from his attorney general to stop tweeting about the Justice Department, President Trump on Wednesday renewed his attacks on the agency, demanding “JUSTICE” for himself and all future presidents.
Trump Quietly Slashed Pay Raise for Federal Workers a Day Before Claiming US Economy Is Best ‘In History’
In a move that drew outrage from labor unions and progressives, President Donald Trump this week quietly took steps to slash a scheduled pay raise for millions of federal workers from 2.5% to 1% due to supposed concerns about "keeping the nation on a fiscally sustainable course."
Trump’s $4.8 Trillion Budget Would Cut Safety Net Programs and Boost Defense
President Trump released a $4.8 trillion budget proposal on Monday that includes a familiar list of deep cuts to student loan assistance, affordable housing efforts, food stamps and Medicaid, reflecting Mr. Trump’s election-year effort to continue shrinking the federal safety net.
Alexander Vindman Fired and Escorted From the White House
The decision to move Colonel Vindman out of the White House complex, reported previously by Bloomberg News and The Washington Post, came as Mr. Trump and his allies have made clear that they will seek to exact payback against those he blames for triggering his impeachment and trial.
Trump Administration Restricts Entry Into U.S. From China
Moving to counter the spreading coronavirus outbreak, the Trump administration said Friday that it would bar entry by most foreign nationals who had recently visited China and put some American travelers under a quarantine as it declared a rare public health emergency.
Trump Administration Unveils a Major Shift in Medicaid
The Trump administration said on Thursday that it would allow states to cap Medicaid spending for many poor adults, a major shift long sought by conservatives that gives states the option of reducing health benefits for millions who gained coverage through the program under the Affordable Care Act.
Pro-Israel Democratic Super PAC to Air Attack Ads Against Bernie Sanders
A Democratic super PAC will begin airing attack ads in Iowa against Senator Bernie Sanders of Vermont on Wednesday, marking the first time a Democratic organization has run a negative campaign spot targeting Mr. Sanders by name in either of his two primary campaigns.
Trump Outlines Mideast Peace Plan That Strongly Favors Israel
President Trump called the plan, which would discard the longtime goal of granting the Palestinians a full-fledged state, a “win-win” for both sides. The event in the East Room of the White House had a Kabuki-theater quality to it as Mr. Trump ended years of suspense over a highly anticipated peace plan. But rather than viewing it as a serious blueprint for peace, analysts called it a political document by a president in the middle of an impeachment trial working in tandem with a prime minister under criminal indictment and about to face his third election in the span of a year.
Trump Tied Ukraine Aid to Inquiries He Sought, Bolton Book Says
President Trump told his national security adviser in August that he wanted to continue freezing $391 million in security assistance to Ukraine until officials there helped with investigations into Democrats including the Bidens, according to an unpublished manuscript by the former adviser, John R. Bolton.
Lev Parnas, Key Player in Ukraine Affair, Completes Break With Trump and Giuliani
Lev Parnas, the Soviet-born businessman who played a central role in the campaign to pressure Ukraine to investigate political rivals of President Trump, completed his break with the White House on Wednesday, asserting for the first time in public that the president was fully aware of the efforts to dig up damaging information on his behalf.
Esper Says He Saw No Evidence Iran Targeted 4 Embassies, as Story Shifts Again
For 10 days, President Trump and his team have struggled to describe the reasoning behind the decision to launch a drone strike against Maj. Gen. Qassim Suleimani, the commander of Iran’s elite security forces, propelling the two nations to the brink of war. Officials agree they had intelligence indicating danger, but the public explanations have shifted by the day and sometimes by the hour.On Sunday came the latest twist. Defense Secretary Mark T. Esper said he was never shown any specific piece of evidence that Iran was planning an attack on four American embassies, as Mr. Trump had claimed just two days earlier.
Trump Moves to Exempt Big Projects From Environmental Review
The White House on Thursday introduced major changes to the nation’s benchmark environmental protection law, moving to ease approval of major energy and infrastructure projects without detailed environmental assessment or consideration of climate change.
Pompeo Upended Middle East by Pushing Trump to Kill Iranian General
Last week, Secretary of State Mike Pompeo was the loudest voice in the administration pushing President Trump to kill Iran’s most important general. This week, he is back in his role as the nation’s top diplomat, trying to contain the international crisis the general’s death created.
Trump Backs Away From Further Military Conflict With Iran
President Trump backed away from further military action against Iran on Wednesday and called for a new diplomatic effort as the bristling confrontation of the last six days appeared to ease after Iranian missile strikes that proved more symbolic than deadly.
Iran Fires Missiles at U.S. Troops at Two Bases in Iraq
Iran fired more than a dozen ballistic missiles at two military bases in Iraq where American troops are based, the Pentagon said Tuesday. “It is clear that these missiles were launched from Iran and targeted at least two Iraqi military bases hosting U.S. military and coalition personnel at Al-Asad and Erbil,” Jonathan Hoffman, the Pentagon’s chief spokesman, said in a statement.
Trump Threatens Iranian Cultural Sites, and Warns of Sanctions on Iraq
President Trump on Sunday evening doubled down on his claim that he would target Iranian cultural sites if Iran retaliated for the targeted killing of one of its top generals, and threatened “very big sanctions” on Iraq if American troops are forced to leave the country.
Trump Orders Strike Killing Top Iranian General Qassim Suleimani in Baghdad
President Trump ordered the killing of the powerful commander of Iran’s Revolutionary Guards Corps, Maj. Gen. Qassim Suleimani, in a drone strike on the Baghdad International Airport early Friday, American officials said. General Suleimani’s death was confirmed by official Iranian media.
U.S. Launches Attacks on Iranian-Backed Forces in Iraq and Syria
The United States military on Sunday struck five targets in Iraq and Syria controlled by an Iranian-backed paramilitary group, in response to a rocket attack on Friday that killed an American contractor, the Pentagon said. The airstrikes, carried out by Air Force F-15E fighter planes, hit three locations in Iraq and two in Syria, all controlled by the paramilitary group, Kataib Hezbollah.
Read Trump’s Letter to Pelosi Protesting Impeachment
This is the letter President Trump sent to Nanci Pelosi on the eve of the impeachment vote in the house of representatives. The editorial board has fact checked Trump's assertions and defense and found 19 false, misleading and exaggerated statements and called it a rambling angry letter.
The Tax Break for Children, Except the Ones Who Need It Most
The child tax credit, begun in 1997 as a tax cut, has become an anti-poverty program. But more than a third of children don’t receive it because their parents earn too little. The 2017 tax bill, President Trump’s main domestic achievement, doubled the maximum credit in the two-decade-old program and extended it to families earning as much as $400,000 a year (up from $110,000). The credit now costs the federal government $127 billion a year — far more than better-known programs like the earned-income tax credit ($65 billion) and food stamps ($60 billion).
There Are Economic Warning Signs for Trump in the Midwest
President Trump campaigned in 2016 on a pledge to restore jobs — manufacturing jobs, specifically — to long-struggling Midwestern communities, and he has made the economy a centerpiece of his re-election campaign. But job growth has slowed sharply this year in Michigan, Pennsylvania and other states that were critical to Mr. Trump’s victory in 2016, as well as in states like Minnesota that he narrowly lost.
How the Fed Lost Its Faith in ‘Full Employment’
Federal Reserve officials believed that the labor market was about as good as it could get. They were wrong. It seems like there are many people on the sideline that are trickling back into the job force and who are not counted as unemployed since they have been out of the job market for over 6 months or more. Furthermore, the wages have remained stagnant which also signals a weaker economy than projected.
Trump ‘Ignored and Injured’ the National Interest, Democrats Charge in Impeachment Articles
House Democratic leaders on Tuesday formally called for President Trump’s removal from office, asserting that he “ignored and injured the interests of the nation” in two articles of impeachment that charged him with abusing his power and obstructing Congress.
Impeachment Report Says Trump Solicited Foreign Election Interference
House Democrats on Tuesday asserted that President Trump abused his power by pressuring Ukraine to help him in the 2020 presidential election, releasing a 300-page impeachment report that found that Mr. Trump “placed his own personal and political interests above the national interests of the United States.”
Trump’s Lawyers Won’t Participate in Impeachment Hearing on Wednesday
The refusal to send lawyers Wednesday continues a pattern of stonewalling by Mr. Trump, who has sought to block witnesses and documents, as he and his allies call the proceedings “deranged” and a “witch hunt.” People familiar with the president’s legal strategy have said privately that his lawyers are deeply suspicious of taking part in a process they view as unfair to Mr. Trump.
Fiona Hill Testifies That ‘Fictions’ on Ukraine Pushed by the G.O.P. Help Russia
The White House’s former top Europe and Russia expert sharply denounced what she called a “fictional narrative” embraced by President Trump and his Republican allies that Ukraine, not Russia, interfered in the 2016 elections, testifying that the claim at the center of the impeachment inquiry was a fabrication by Moscow that had harmed the United States.
E.P.A. to Limit Science Used to Write Public Health Rules
The Trump administration is preparing to significantly limit the scientific and medical research that the government can use to determine public health regulations, overriding protests from scientists and physicians who say the new rule would undermine the scientific underpinnings of government policy making.
How Russia Meddles Abroad for Profit: Cash, Trolls and a Cult Leader
The Russians were hard to miss. They appeared suddenly last year in Madagascar’s traffic-snarled capital, carrying backpacks stuffed with cash and campaign swag decorated with the name of Madagascar’s president.It was one of Russia’s most overt attempts at election interference to date.
A Recession Warning Reverses, but the Damage May Be Done
The yield curve, an indicator from the bond market just a few months ago set off alarms about the risk of a recession. Now it has gone back to normal, and that signal has been met with relief in the markets. But as far as the economy is concerned, it might not matter. Once the yield curve has predicted a recession, one usually follows even if that signal changes later.
Trump’s Twitter War Room Aims Its Punches at Decorated Colonel
Days after a decorated Army lieutenant colonel offered damaging testimony about President Trump’s conduct on a July phone call with Ukraine’s leader, Mr. Trump stood on the South Lawn and issued a vague but ominous warning.“You’ll be seeing very soon what comes out,” Mr. Trump said on Saturday, referring to the officer, Lt. Col. Alexander S. Vindman.
As Warren Gains in Race, Wall Street Sounds the Alarm
With a populist message that promises to rein in corporate excess, Ms. Warren has been facing more hostility from the finance industry than any other candidate. From corporate boardrooms to breakfast meetings, investor conferences to charity galas, Ms. Warren’s rise in the Democratic primary polls is rattling bankers, investors and their affluent clients, who see in the Massachusetts senator a formidable opponent who could damage not only their industry but their way of life.
One Year From Election, Trump Trails Biden but Leads Warren in Battlegrounds
Despite low national approval ratings and the specter of impeachment, President Trump remains highly competitive in the battleground states likeliest to decide his re-election, according to a set of new surveys from The New York Times Upshot and Siena College.
E.P.A. to Roll Back Rules to Control Toxic Ash from Coal Plants
The Trump administration is expected to roll back an Obama-era regulation meant to limit the leaching of heavy metals like arsenic, lead and mercury into water supplies from the ash of coal-fired power plants, according to two people familiar with the plans.
It Will Take More Than Lower Mortgage Rates for a Housing Rally
The Federal Reserve is hoping that its latest interest-rate cut will help keep the economy safely at cruising altitude. But don’t expect it to provide much of a lift to the housing market. Few economists expect the housing market to take off in response to this week’s rate cut, because rates aren’t what was holding back housing in the first place. Instead, they point to other factors.
Keystone Pipeline Leaks 383,000 Gallons of Oil in North Dakota
The Keystone pipeline system, an addition to which has been the subject of environmental protests for years, leaked about 383,000 gallons of crude oil in North Dakota, covering an estimated half-acre of wetland, state environmental regulators said.
G.D.P. Posts 1.9% Rate as Trade Fight and Global Weakness Hit Economy
Dogged by uneasiness over trade frictions and weak global growth, the American economy’s growth inched lower over the summer. Gross domestic product — the broadest measure of goods and services produced in the economy — grew at a 1.9 percent annual rate for the third quarter, according to preliminary data released by the Commerce Department on Wednesday.
Impeachment Inquiry Is Legal, Judge Rules, Giving Democrats a Victory
The House is legally engaged in an impeachment inquiry, a federal judge ruled on Friday, delivering a major victory to House Democrats and undercutting arguments by President Trump and Republicans that the investigation is a sham.
In Hungary, a Freewheeling Trump Ambassador Undermines U.S. Diplomats
He has undermined efforts by career diplomats to deliver messages to Washington about corruption and democratic backsliding in Hungary. And he has privately acted as a broker for Mr. Orban’s point of view, taking positions contrary to United States policy, according to interviews with roughly two dozen current and former American and foreign officials as well as others who have worked with Mr. Cornstein.
For Trump the Dealmaker, Troop Pullouts Without Much in Return
The Taliban have wanted the United States to pull troops out of Afghanistan, Turkey has wanted the Americans out of northern Syria and North Korea has wanted them to at least stop military exercises with South Korea. President Trump has now to some extent at least obliged all three — but without getting much of anything in return.
Mulvaney Says Trump Held Back Ukraine Aid Pending Investigation of Democrats
Mick Mulvaney, the acting White House chief of staff, said Thursday that the Trump administration withheld nearly $400 million in military aid to pressure Ukraine to investigate what the president has long insisted was Kiev’s assistance to Democrats during the 2016 election.
Trump Lashes Out on Syria as Republicans Rebuke Him in House Vote
President Trump seemed to wash his hands of the conflict between Turkey and America’s Kurdish allies in Syria on Wednesday, generating withering criticism from Republican allies, who rebuked him in a House vote. The day ended with a heated confrontation between Mr. Trump and Speaker Nancy Pelosi in the Oval Office.
Trump Had Ukraine Envoy Removed on ‘False Claims,’ She Tells House Inquiry
Marie L. Yovanovitch, who was recalled as the American ambassador to Ukraine in May, testified to impeachment investigators on Friday that a top State Department official told her that President Trump had pushed for her removal for months even though the department believed she had “done nothing wrong.”
Trump Orders Troops and Weapons to Saudi Arabia in Message of Deterrence to Iran
The United States is sending about 3,000 additional troops to Saudi Arabia in the latest military response by the Trump administration after it accused Iran of attacks last month on Saudi oil facilities, the Pentagon said on Friday. The move came only five days after President Trump said that his desire to terminate America’s “endless wars” led to his decision to pull back from the border area between Syria and Turkey about 50 troops who were working to create a “safe zone” between Turkish and Kurdish troops.
Turkey Launches Syria Offensive, Targeting U.S.-Backed Kurds
Turkey launched airstrikes and fired artillery across its border into northeastern Syria on Wednesday to open a military operation aimed at flushing out an American-backed militia, Turkish and Syrian officials said.
White House Declares War on Impeachment Inquiry, Claiming Effort to Undo Trump’s Election
The White House declared war on the House impeachment inquiry on Tuesday, announcing that it would not cooperate with what it called an illegitimate effort “to overturn the results of the 2016 election” and setting the stage for a constitutional clash with far-reaching consequences.
Trump Endorses Turkish Military Operation in Syria, Shifting U.S. Policy
In a major shift in United States military policy in Syria, the White House said on Sunday that President Trump had given his endorsement for a Turkish military operation that would sweep away American-backed Kurdish forces near the border in Syria.
U.S. Using Trade Deals to Shield Tech Giants From Foreign Regulators
The Trump administration has begun inserting legal protections into recent trade agreements that shield online platforms like Facebook, Twitter and YouTube from lawsuits, a move that could help lock in America’s tech-friendly regulations around the world even as they are being newly questioned at home.
Anti-Muslim Group ACT for America to Host Gala at Mar-a-Lago
An anti-Muslim organization plans to host its annual gala at Mar-a-Lago, President Trump’s private club in Palm Beach, Fla., in November.ACT for America claims to be the nation’s largest grass-roots national security organization, and is considered the largest anti-Muslim group in the United States, according to the Anti-Defamation League and the Southern Poverty Law Center, which tracks such groups.
Trump Publicly Urges China to Investigate the Bidens
President Trump on Thursday publicly called on China to investigate a political rival, former Vice President Joseph R. Biden Jr., in an extraordinary presidential request to a foreign country for help that could benefit him in the 2020 election.
Administration and Congress Clash Over Deposition as Impeachment Fights Begin
In the first skirmish in what promises to be an epic impeachment struggle between the executive and legislative branches, Secretary of State Mike Pompeo lashed out at three congressional committees that are seeking to depose diplomats involved in American policy toward Ukraine, calling their demands for confidential interviews “an act of intimidation.”
Trump Pressed Australian Leader to Help Barr Investigate Mueller Inquiry’s Origins
President Trump pushed the Australian prime minister during a recent telephone call to help Attorney General William P. Barr gather information for a Justice Department inquiry that Mr. Trump hopes will discredit the Mueller investigation, according to two American officials with knowledge of the call.
Trump Raises Idea of Arresting House Chairman for Treason
President Trump on Monday questioned whether the chairman of the House Intelligence Committee, Representative Adam B. Schiff, should be arrested for treason for his description of a phone call Mr. Trump had with the president of Ukraine during a recent congressional hearing.
Trump Was Repeatedly Warned That Ukraine Conspiracy Theory Was ‘Completely Debunked’
President Trump was repeatedly warned by his own staff that the Ukraine conspiracy theory that he and his lawyer were pursuing was “completely debunked” long before the president pressed Ukraine this summer to investigate his Democratic rivals, a former top adviser said on Sunday.
Trump Attacks Whistle-Blower’s Sources and Alludes to Punishment for Spies
President Trump told a crowd of staff from the United States Mission to the United Nations on Thursday morning that he wants to know who provided information to a whistle-blower about his phone call with the president of Ukraine, saying that whoever did so was “close to a spy” and that “in the old days,” spies were dealt with differently.
White House Tried to ‘Lock Down’ Ukraine Call Records, Whistle-Blower Says
After hearing that President Trump tried to persuade Ukraine to investigate a 2020 campaign rival, senior officials at the White House scrambled to “lock down” records of the call, a whistle-blower alleged in an explosive complaint released Thursday.
Nancy Pelosi Announces Formal Impeachment Inquiry of Trump
After months of caution, Ms. Pelosi has become convinced that Mr. Trump’s reported actions, and his administration’s refusal to share details about the matter with Congress, left the House no alternative but to move forward with an inquiry that has the potential to reshape his presidency and cleave an already divided nation just a year before he plans to stand for re-election.
Trump Acknowledges Discussing Biden in Call With Ukrainian Leader
President Trump acknowledged on Sunday that he discussed former Vice President Joseph R. Biden Jr. with Ukraine’s president as Democrats ramped up calls for an investigation into whether he improperly pressured a foreign leader to investigate a political opponent.
U.S. Orders Duke and U.N.C. to Recast Tone in Mideast Studies
The Education Department has ordered Duke University and the University of North Carolina at Chapel Hill to remake the Middle East studies program run jointly by the two schools after concluding that it was offering students a biased curriculum that, among other complaints, did not present enough “positive” imagery of Judaism and Christianity in the region.
Wall Street Is Buzzing About Repo Rates. Here’s Why.
Investors take for granted that the Federal Reserve controls interest rates. But a surprisingly lively couple of days in short-term money markets has meant that the “how” became nearly as important as the “why.” The stress started on Monday in the market for repurchase agreements, or repos. Repos are short-term loans mainly used by banks and hedge funds in their daily bond trading and brokerage businesses.
Trump Administration to Finalize Rollback of Clean Water Protections
The Trump administration on Thursday is expected to complete the legal repeal of a major Obama-era clean water regulation, which had placed limits on polluting chemicals that could be used near streams, wetlands and water bodies. Weakening the Obama-era water rule had been a central campaign pledge for Mr. Trump, who characterized it as a federal land-grab that impinged on the rights of farmers, rural landowners and real estate developers to use their property as they see fit.
White House Pressed Agency to Repudiate Weather Forecasters Who Contradicted Trump
The White House was directly involved in pressing a federal scientific agency to repudiate the weather forecasters who contradicted President Trump’s claim that Hurricane Dorian would probably strike Alabama, according to several people familiar with the events.
Trump Says China Will Suffer as Data Shows Trade War Hurting U.S.
President Trump said on Tuesday that Chinese manufacturing would “crumble” if the country did not agree to the United States’ trade terms, as newly released data showed his trade war was washing back to American shores and hurting the factories that the president has aimed to protect.
Sick Migrants Undergoing Lifesaving Care Can Now Be Deported
Migrant Families Would Face Indefinite Detention Under New Trump Rule
The Trump administration unveiled a regulation on Wednesday that would allow it to detain indefinitely migrant families who cross the border illegally, replacing a decades-old court agreement that imposed a limit on how long the government could hold migrant children in custody and specified the level of care they must receive.
Israel Denies Entry to Omar and Tlaib After Trump’s Call to Block Them
Israel on Thursday barred the entry of two American Democratic congresswomen who had planned to visit the West Bank, hours after President Trump had urged the country to block them.Mr. Trump’s intervention was an extraordinary step to influence an allied nation and punish his political opponents at home.
The Day Jeffrey Epstein Told Me He Had Dirt on Powerful People
Almost exactly a year ago, on Aug. 16, 2018, I visited Jeffrey Epstein at his cavernous Manhattan mansion.The overriding impression I took away from our roughly 90-minute conversation was that Mr. Epstein knew an astonishing number of rich, famous and powerful people, and had photos to prove it. He also claimed to know a great deal about these people, some of it potentially damaging or embarrassing, including details about their supposed sexual proclivities and recreational drug use.
Germany Nears Recession and Chinese Factories Slow in Trade War Fallout
In ominous signs of the damage being done by the trade war between China and the United States, data released on Wednesday indicated that the German economy was hurtling toward recession and that growth at Chinese factories was slowing at a pace not seen in nearly two decades.
How a Trump Ally Tested the Boundaries of Washington’s Influence Game
Elliott Broidy had the kind of past that might have given a more traditional White House reason to keep him at a distance: A wealthy businessman, he had pleaded guilty in 2009 to giving nearly $1 million in illegal gifts to New York State officials to help land a $250 million investment from the state’s pension fund.
In Epstein Suicide, Barr Criticizes ‘Serious Irregularities’ at Jail
Attorney General William P. Barr said on Monday that there were “serious irregularities” at the federal jail in Manhattan where Jeffrey Epstein, the financier who was long dogged by accusations of sexual abuse of girls, was found dead on Saturday morning after he had apparently hanged himself.
Trump Administration Weakens Protections for Endangered Species
The Trump administration on Monday announced that it would change the way the Endangered Species Act is applied, significantly weakening the nation’s bedrock conservation law credited with rescuing the bald eagle, the grizzly bear and the American alligator from extinction.