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In the latest White House upheaval, President Trump’s chief economic advisor, Gary Cohn, is stepping down after failing to dissuade the president from plans to impose sweeping tariffs on imported metals.

Cohn’s resignation as director of the National Economic Council, a powerful agency with broad oversight over White House policy, suggests that Trump’s plans to levy 25% tariffs on steel and 10% on aluminum will be formalized shortly. That comes despite stern warnings from Cohn, congressional Republicans, businesses and foreign governments that such across-the-board tariffs could hurt the U.S. economy, drive up prices for American consumers and lead to a trade war.

As news of Cohn’s departure broke Tuesday evening, stock market futures plunged. Cohn, the former president of Goldman Sachs, is popular on Wall Street, where he has been seen as a restraining influence against Trump’s protectionist leanings. Cohn is expected to leave his post in the coming weeks.

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A Swedish reporter asked President Trump what her country could learn from the United States about Russia’s election meddling. Trump responded that Russia had not influenced the outcome of the 2016 election. (Mar. 7, 2018)

A Swedish reporter asked President Trump on Tuesday what her country could learn from the United States about Russia’s election meddling. What she got instead was his optimistic take on Republican Party prospects in this year’s midterm election.

Trump responded that Russia had not influenced the outcome of the 2016 election, saying “the Russians had no impact on our votes whatsoever.” He didn’t even acknowledge Russia’s role, instead telling the visiting journalist, “There was meddling from other countries and maybe other individuals.”

After telling the reporter, at a joint news conference with Swedish Prime Minister Stefan Lofven, that “we’re doing a very, very deep study,” Trump segued confusingly to handicapping Republicans’ chances in November’s vote.

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Atty. Gen. Jeff Sessions.
Atty. Gen. Jeff Sessions. (Alex Wong / Getty Images)

President Trump on Tuesday said he has “some people that I want to change” in his administration and then refused to express support for his beleaguered attorney general when asked if Jeff Sessions was on the firing line.

The comments came before news early Tuesday evening of the resignation of Trump’s top economic advisor, Gary Cohn, who had fought a losing internal battle against the president’s plans to slap tariffs on steel and aluminum imports.

The president ignited speculation about additional staff departures early Tuesday, with a tweet in which he disputed media reports of chaos in his White House while acknowledging his desire for unspecified changes. Hours later he refused to say more when asked about his tweet — and specifically about Sessions — during a news conference with Sweden’s prime minister, Stefan Lofven.

In the span of two hours on Capitol Hill Tuesday, the sharp split between liberal and moderate Senate Democrats on a major bank deregulation bill became crystal clear.

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The Office of Special Counsel says Conway’s support for Alabama Senate candidate Roy Moore, a Republican, in two televised interviews amounted to violations of the law.

A federal watchdog says White House counselor Kellyanne Conway violated the federal law prohibiting government officials from using their positions to influence political campaigns.

The Office of Special Counsel, which is unrelated to Robert Mueller III's office, says Conway violated the Hatch Act twice last year when she spoke out in support of Republican Roy Moore and against his Democratic rival, Sen. Doug Jones, in the Alabama Senate race.

"Ms. Conway, in her official capacity, attempted to influence the Alabama special election by advocating for the success and failure of candidates in that race," the report stated. Her comments came in separate interviews with Fox News and CNN.

Director of National Intelligence Dan Coats testifies on Tuesday.
Director of National Intelligence Dan Coats testifies on Tuesday. (Pablo Martinez Monsivais / Associated Press)

Director of National Intelligence Dan Coats said Tuesday that he spoke directly to President Trump about Russian cyberattacks and said it’s a “high priority” for the White House.

“He has said, ‘I assume you’re doing your job, all of you who head up these agencies,’ ” Coats testified before the Senate Armed Services Committee, quoting the president. “ ‘But if you need for me to ... direct you to do it, do it.’ ”

Coats said the meeting occurred after a recent hearing of the Senate Intelligence Committee, an event that highlighted the disconnect between the president and his own national security officials who view Russian interference as an ongoing threat.

Before the 2008 financial crisis, BAC Community Bank in Stockton made about 100 mortgage loans a year. Now, after new regulations mandated in the Dodd-Frank Wall Street Reform and Consumer Protection Act, the figure is down to about two dozen.

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President Trump threw a wrench Monday into long-stalled regional trade talks, saying that Mexico and Canada could avoid planned new tariffs on aluminum and steel if they agreed to make concessions to Washington in negotiations over the North American Free Trade Agreement.

Sen. Thad Cochran (R-Miss.) at the Capitol in January.
Sen. Thad Cochran (R-Miss.) at the Capitol in January. (J. Scott Applewhite / Associated Press)

Sen. Thad Cochran of Mississippi announced Monday that he will resign effective April 1.

Cochran, who has appeared increasingly feeble in recent years, said in a statement released by his office that his health “has become an ongoing challenge.”

“I intend to fulfill my responsibilities and commitments to the people of Mississippi and the Senate through the completion of the 2018 appropriations cycle, after which I will formally retire from the U.S. Senate,” said Cochran, who is 80.