A Senate committee on Thursday approved two of President Trump’s choices for key financial regulatory posts, including one for the short-handed Federal Reserve board, despite concerns from Democrats that the nominees were too close to the industry.
Investment fund manager Randal Quarles has been tapped to be the Fed’s first vice chairman for supervision. His approval by the Senate Banking Committee on a 17-6 vote came a day after another Fed vice chairman, Stanley Fischer, announced he would be stepping down next month, leaving the seven-member central bank board with four vacancies.
The other nominee given the OK on Thursday was Joseph Otting, former chief executive of Pasadena’s OneWest Bank and an ally of Treasury Secretary Steven T. Mnuchin.
Donald Trump's eldest son has told Senate staffers he was open to receiving information about Hillary Clinton's "fitness, character or qualifications" when he accepted a meeting with a Russian lawyer last year.
Donald Trump Jr. made an opening statement of about 15 to 20 minutes before taking questions behind closed doors from staff members of the Senate Judiciary Committee, one of several congressional panels that have been investigating Russian interference in the election. Sen. Richard Durbin, D-Ill., a member of the committee, said Thursday that the president's son delivered an opening statement and then described the meeting and "his recollection of it."
Trump Jr. told the committee, "I did not collude with any foreign government and do not know of anyone who did."
President Trump indicated that he was willing to sign the long-stalled Dream Act into law if it passes Congress, House Minority Leader Rep. Nancy Pelosi said Thursday, another sign that Trump may be uneasy about his decision to phase out DACA.
Pelosi said she encouraged the president in a morning phone call to assure young immigrants that they are not in immediate danger of deportation.
Trump tweeted a message to the so-called Dreamers shortly after his conversation with Pelosi, saying they were in "no danger" during the six months he has given Congress to find a solution to the program.
President Trump's newfound alliance with "Chuck and Nancy" has its limits.
The morning after Trump bewildered Republicans by siding with the top two Democrats in Congress, Sen. Charles E. Schumer of New York and Rep. Nancy Pelosi of San Francisco, over those in his own party, the president's reelection campaign Thursday released an ad that targeted them as "career politicians ... trying to stop him."
The two Democrats also starred as Trump's nemeses in an ad released by the campaign in August, although that ad took aim at a broader group of Trump opponents.
Russian President Vladimir Putin on Thursday joked that U.S. Secretary of State Rex Tillerson had veered off the path of cooperation and "fallen into bad company."
Putin's comments at an economic conference in the eastern city of Vladivostok came during an address in which he referenced current tensions between the U.S. and Russia.
In recent weeks, Washington and Moscow have been engaged in a diplomatic tit-for-tat. Russia has ordered the culling of 755 staff members from the U.S. diplomatic mission in Russia. Last week, the U.S. ordered the closure of Russia’s consulate in San Francisco. Putin said this week that he would instruct the Foreign Ministry to take up that move within the U.S. legal system.
A day after President Trump threatened to end protections for so-called Dreamers, he stunned all sides again Wednesday by endorsing a legislative fix that could put the young immigrants on the path to legal status.
Trump appeared eager to cut a deal, embracing a plan that has potential to appeal to both Republicans and Democrats. It would combine beefed-up border security with more lasting deportation protections for the nearly 800,000 recipients of the Obama-era Deferred Action for Childhood Arrivals program.
Contours of any emerging agreement remain a work in progress. And Trump, who has shown little hesitation about changing his mind, may do so again, especially if the anti-immigration wing of the Republican Party, led by former advisor Stephen K. Bannon, pressures Congress or Trump to reject any agreement that critics will surely label as amnesty.
Hundreds of fake Facebook accounts, probably run from Russia, spent about $100,000 on ads aimed at stirring up divisive issues such as gun control and race relations during the 2016 U.S. presidential election, the social network said Wednesday.
Although the number of ads is relatively small, the disclosure provides a more detailed peek into what investigators believe was a targeted effort by Russians to influence U.S. politics during the campaign, this time through social media.
The 470 accounts appeared to come from a notorious "troll farm," a St. Petersburg-based organization known for promoting pro-Russian government positions via fake accounts, according to two people familiar with the investigation. The people were granted anonymity because they weren't authorized to publicly discuss details of the investigation.
President Trump spoke Wednesday with Chinese President Xi Jinping on how to constrain North Korea following its latest and most powerful nuclear test, in the president's latest call with world leaders on the crisis.
Trump, who has sought for months to convince China to do more to restrain Pyongyang from testing nuclear weapons and ballistic missiles, suggested that Xi had become more supportive.
“I believe that President Xi agrees with me 100%," Trump told reporters after the 45-minute conversation. "He doesn’t want to see what’s happening there either."