Trump: Latest Mexico tariffs will bring auto industry jobs back to US, fight drug smuggling and help correct trade deficit

U.S. President Donald Trump speaks at the National Association of Realtors Legislative Meeting and Trade Expo in Washington, D.C., U.S., on Friday, May 17, 2019. President Donald Trump on Friday expanded the list of bilateral issues between the U.S. and Mexico that he claimed would be remedied by the imposition of tariffs on all imports from Mexico. The expanded list includes helping stem the opioid epidemic, and returning auto industry jobs to the United States. “These are not tariffs as part o


U.S. President Donald Trump speaks at the National Association of Realtors Legislative Meeting and Trade Expo in Washington, D.C., U.S., on Friday, May 17, 2019. President Donald Trump on Friday expanded the list of bilateral issues between the U.S. and Mexico that he claimed would be remedied by the imposition of tariffs on all imports from Mexico. The expanded list includes helping stem the opioid epidemic, and returning auto industry jobs to the United States. “These are not tariffs as part o
Trump: Latest Mexico tariffs will bring auto industry jobs back to US, fight drug smuggling and help correct trade deficit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: christina wilkie
Keywords: news, cnbc, companies, mexico, white, smuggling, united, tariffs, help, navarro, trade, trump, latest, tariff, national, industry, fight, states, jobs


Trump: Latest Mexico tariffs will bring auto industry jobs back to US, fight drug smuggling and help correct trade deficit

U.S. President Donald Trump speaks at the National Association of Realtors Legislative Meeting and Trade Expo in Washington, D.C., U.S., on Friday, May 17, 2019.

President Donald Trump on Friday expanded the list of bilateral issues between the U.S. and Mexico that he claimed would be remedied by the imposition of tariffs on all imports from Mexico. The expanded list includes helping stem the opioid epidemic, and returning auto industry jobs to the United States.

The new issues effectively stretched the president’s personal case for the tariffs beyond that of his own administration, which has insisted that any tariffs would only be intended to address the national emergency of undocumented asylum seekers crossing into the United States.

In a series of tweets Friday morning, Trump wrote that if his proposed 5% tariff on all Mexican imports were to go into effect on June 10, a policy unveiled less than a day ago, then not only would Mexico be forced to address the influx of migrants crossing its borders headed for the United States, but also that drug smuggling would decrease, that U.S. auto manufacturers would return stateside, and that the U.S. trade deficit with Mexico could be remedied.

The tweets put the president squarely at odds with the message coming from both acting White House chief of staff Mick Mulvaney and senior trade advisor Peter Navarro, the two most visible White House aides defending Thursday’s tariff announcement so far.

A White House spokesman did not immediately reply to a request for comment from CNBC on the apparent disconnect between the president’s messaging and that of his top aides.

Appearing Friday morning on CNBC, Navarro pushed back on the notion that the tariffs were intended to bring more manufacturing jobs to the United States from Mexico, saying that the tariffs were “not at all” related to that goal.

“This is strictly about national security and threats to our economy from illegal immigration from a criminal enterprise,” Navarro said.

Trump’s tweet about the auto industry jobs was posted nearly simultaneously with Navarro’s appearance on CNBC.

Speaking on a conference call with reporters late Thursday, Mulvaney likewise insisted that the newly announced tariff threat was totally unrelated to ongoing negotiations between the U.S. and Mexico over a replacement for the North American Free Trade Agreement, known as USMCA, that still needs to be ratified by legislatures in Mexico and the United States.

“These are not tariffs as part of a trade dispute,” Mulvaney said on the call. “These are tariffs as part of an immigration problem. The USMCA is a trade matter and completely separate.”

Also unclear Friday was what, precisely, Mexico would need to do in order to satisfy Trump’s demand that the longtime U.S. ally do whatever it takes to see that the “illegal immigration problem is remedied.”

The abrupt tariff announcement and the potential impact tariffs could have on the prices U.S. consumers pay for goods sent futures markets tumbling Thursday night, a slide that continued into Friday’s trading day.

The United States imported $346.5 billion of goods from Mexico in 2018, an increase of 10.3% over the year prior, according to the Office of the U.S. Trade Representative. The 2018 total accounted for 13.6% of overall U.S. imports that year.

— CNBC’s Joanna Tan contributed to this story.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: christina wilkie
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Trump: Whoever kept USS John McCain out of sight was ‘well-meaning’

President Donald Trump insisted Thursday he had nothing to do with keeping the USS John S. McCain hidden from the site of his weekend speech in Japan. I was very angry with John McCain because he killed health care,” Trump said, referring to the late senator’s deciding vote that killed a Senate GOP bill to repeal the Affordable Care Act. “I was not a big fan of John McCain in any way, shape or form,” Trump continued in comments to reporters on the South Lawn of the White House. Defense Secretary


President Donald Trump insisted Thursday he had nothing to do with keeping the USS John S. McCain hidden from the site of his weekend speech in Japan. I was very angry with John McCain because he killed health care,” Trump said, referring to the late senator’s deciding vote that killed a Senate GOP bill to repeal the Affordable Care Act. “I was not a big fan of John McCain in any way, shape or form,” Trump continued in comments to reporters on the South Lawn of the White House. Defense Secretary
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Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: christina wilkie amanda macias marty steinberg, christina wilkie, amanda macias, marty steinberg
Keywords: news, cnbc, companies, kept, ship, officials, sight, wellmeaning, white, trump, trumps, john, mccain, vietnam, uss


Trump: Whoever kept USS John McCain out of sight was 'well-meaning'

President Donald Trump insisted Thursday he had nothing to do with keeping the USS John S. McCain hidden from the site of his weekend speech in Japan. He said whoever had done so was “well-meaning.”

“I wasn’t involved. I would not have done that. I was very angry with John McCain because he killed health care,” Trump said, referring to the late senator’s deciding vote that killed a Senate GOP bill to repeal the Affordable Care Act.

“I was not a big fan of John McCain in any way, shape or form,” Trump continued in comments to reporters on the South Lawn of the White House. “Now, somebody did it because they thought I didn’t like him, OK? And they were well-meaning. I will say, I didn’t know anything about it. I would never have done that.”

Trump’s second denial came after The Wall Street Journal reported Wednesday that the White House wanted the Navy to move the destroyer “out of sight,” citing an email between military officials. The ship is named for the late Arizona senator and his father and grandfather, who were admirals. Trump initially denied any knowledge of the effort in a tweet Wednesday night.

But an email to Navy and Air Force officials, obtained by CNBC, had a number of directives, including: “USS John McCain needs to be out of sight,” and asking officials to “please confirm” that directive “will be satisfied.” A source with knowledge of the matter confirmed to CNBC the existence of that email.

The Journal said a tarp was hung over the ship’s name ahead of Trump’s trip and that sailors were directed to remove coverings from the destroyer that bore the McCain name. The newspaper also said sailors assigned to the ship, who generally wear caps bearing its name, were given the day off during Trump’s visit to the nearby USS Wasp.

Defense Secretary Patrick Shanahan later told reporters, “I would never dishonor the memory of a great American patriot like Sen. John McCain” by asking that the ship be kept out of sight.

“I’d never disrespect the young men and women that crew that ship. I’ve asked my chief of staff to look into the matter … and as soon as I find out more about this I’ll let you know,” he added.

McCain, an Arizona Republican who survived nearly six years as a POW in North Vietnam and lost the 2008 presidential election to Democrat Barack Obama, was an outspoken critic of Trump. During the 2015 presidential campaign Trump said McCain was “not a war hero” because he had been captured by North Vietnam. McCain died of cancer in August at age 81.

In a tweet on Wednesday, McCain’s daughter Meghan lashed out at Trump, calling him “a child” who “makes my grief unbearable.”

CNBC’s Ryan Ruggiero contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: christina wilkie amanda macias marty steinberg, christina wilkie, amanda macias, marty steinberg
Keywords: news, cnbc, companies, kept, ship, officials, sight, wellmeaning, white, trump, trumps, john, mccain, vietnam, uss


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Former US Senator Thad Cochran of Mississippi dies at 81

Dow stock Intel could see sharp rebound after worst month in…Investors took the ‘sell in May’ mantra to heart this month, sending around two-thirds of the Dow into a correction or worse. One of those names looks primed for a comeback. Trading Nationread more


Dow stock Intel could see sharp rebound after worst month in…Investors took the ‘sell in May’ mantra to heart this month, sending around two-thirds of the Dow into a correction or worse. One of those names looks primed for a comeback. Trading Nationread more
Former US Senator Thad Cochran of Mississippi dies at 81 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: christina wilkie, amanda macias, marty steinberg
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Former US Senator Thad Cochran of Mississippi dies at 81

Dow stock Intel could see sharp rebound after worst month in…

Investors took the ‘sell in May’ mantra to heart this month, sending around two-thirds of the Dow into a correction or worse. One of those names looks primed for a comeback.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: christina wilkie, amanda macias, marty steinberg
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British royal family to play a big role in Trump’s upcoming visit to the UK

President Donald Trump’s state visit to the U.K. next month will be dominated by events with Britain’s royal family, according to a new schedule released Friday by Buckingham Palace. The high number of events with the royal family in part reflects the fact that the president’s visit this time is his first official state visit, and Queen Elizabeth II is the head of state. Trump’s 2018 visit to the U.K. was technically a working visit, and not a state visit, and it included several events with May


President Donald Trump’s state visit to the U.K. next month will be dominated by events with Britain’s royal family, according to a new schedule released Friday by Buckingham Palace. The high number of events with the royal family in part reflects the fact that the president’s visit this time is his first official state visit, and Queen Elizabeth II is the head of state. Trump’s 2018 visit to the U.K. was technically a working visit, and not a state visit, and it included several events with May
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Company: cnbc, Activity: cnbc, Date: 2019-05-26  Authors: christina wilkie
Keywords: news, cnbc, companies, events, british, big, president, royal, visit, upcoming, trumps, role, play, windsor, uk, family, trump, state


British royal family to play a big role in Trump's upcoming visit to the UK

Queen Elizabeth II, President of the United States, Donald Trump and First Lady, Melania Trump walk from the Quadrangle after inspecting an honour guard at Windsor Castle on July 13, 2018 in Windsor, England.

President Donald Trump’s state visit to the U.K. next month will be dominated by events with Britain’s royal family, according to a new schedule released Friday by Buckingham Palace.

The schedule was released just hours after British Prime Minister Theresa May announced Friday that she will resign effective June 7, just two days after the president, first lady Melania Trump and Trump’s adult children depart the U.K.

The high number of events with the royal family in part reflects the fact that the president’s visit this time is his first official state visit, and Queen Elizabeth II is the head of state.

Trump’s 2018 visit to the U.K. was technically a working visit, and not a state visit, and it included several events with May, a dinner with business leaders and just one tea with the queen.

The prevalence of events with members of the royal family this time may also reflect a deeper understanding on the part of Trump’s British hosts about what the president personally enjoys doing while on foreign trips.

Lavish ceremonial and cultural events on prior trips elsewhere have pleased and impressed Trump to a great extent, and he has spoken glowingly of military parades and royal ceremonies he has experienced on other foreign trips. After his last trip to the U.K., Trump raved about his tea with the queen.

“We got along fantastically well,” Trump recounted at a campaign rally later that summer. “You know, sometimes if you like somebody you get along – good chemistry – the time goes by. So we were there for about an hour.”


Company: cnbc, Activity: cnbc, Date: 2019-05-26  Authors: christina wilkie
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Trump administration unveils $16 billion bailout to farmers hurt by China trade war

Farmer walks through his soy fields July 6, 2018, in Harvard, Illinois, the same day China imposed retaliatory tariffs aimed at the US soybean market. The Trump administration on Thursday announced a $16 billion trade aid program for American farmers that includes a three-pronged aid package for American farmers who have been hurt by the U.S. trade war with China. The centerpiece is cash payments totaling $14.5 billion to producers of a variety of crops as well as dairy and pork producers impact


Farmer walks through his soy fields July 6, 2018, in Harvard, Illinois, the same day China imposed retaliatory tariffs aimed at the US soybean market. The Trump administration on Thursday announced a $16 billion trade aid program for American farmers that includes a three-pronged aid package for American farmers who have been hurt by the U.S. trade war with China. The centerpiece is cash payments totaling $14.5 billion to producers of a variety of crops as well as dairy and pork producers impact
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Company: cnbc, Activity: cnbc, Date: 2019-05-23  Authors: jeff daniels christina wilkie, jeff daniels, christina wilkie
Keywords: news, cnbc, companies, usda, war, trump, trade, china, program, farmers, administration, unveils, soybean, hurt, billion, retaliatory, tariffs, bailout


Trump administration unveils $16 billion bailout to farmers hurt by China trade war

Farmer walks through his soy fields July 6, 2018, in Harvard, Illinois, the same day China imposed retaliatory tariffs aimed at the US soybean market.

The Trump administration on Thursday announced a $16 billion trade aid program for American farmers that includes a three-pronged aid package for American farmers who have been hurt by the U.S. trade war with China.

The centerpiece is cash payments totaling $14.5 billion to producers of a variety of crops as well as dairy and pork producers impacted by retaliatory tariffs. U.S. tariff revenue collected by the Treasury would be used to support the program, according to the U.S. Department of Agriculture.

“The package we’re announcing today ensures that farmers will not bear the brunt of those trade practices by China or any other nation,” Agriculture Secretary Sonny Perdue said Thursday on a press call.

In addition, the government plans bulk purchases of about $1.4 billion of fresh produce and other food products impacted by tariffs. Food would be used to help food banks, pantries and school meal programs.

The USDA also plans a $100 million trade promotion program for livestock producers and certain crops to help industry sectors develop new markets. A similar program was launched as part of the administration’s 2018 trade relief program for agriculture.

“Frankly, all of this would have been moot if China had acted appropriately and fairly in many of the areas regarding intellectual property theft and non-tariff barriers that they have put up for many years,” Perdue said.

According to USDA chief economist Rob Johansson, the department’s $14.5 billion direct payment program to farmers is above the administration’s $12 billion plan announced last year. He said the new farm relief program looks at trade damages from last year’s tariffs but also goes back to previous actions by China and other trading partners with retaliatory levies against American agriculture.

“We are looking back a number of years to look at what China has purchased from us in the past, and we’re bringing that into our baseline,” Johansson told reporters.

Soybean farmers have been among the hardest hit in the China trade war in terms of dollar value. Before the trade war, China bought roughly half of the U.S. soybean exports. But the value of soybean exports to China fell 74% to $3.1 billion in 2018 from about $12.2 billion the previous year, according to the USDA.


Company: cnbc, Activity: cnbc, Date: 2019-05-23  Authors: jeff daniels christina wilkie, jeff daniels, christina wilkie
Keywords: news, cnbc, companies, usda, war, trump, trade, china, program, farmers, administration, unveils, soybean, hurt, billion, retaliatory, tariffs, bailout


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Trump says he won’t do an infrastructure bill while Democrats continue to investigate him

Wednesday’s meeting was supposed to be the second official sit-down between the president and Democratic leadership specifically focused on infrastructure. According to a White House official who spoke to CNBC, the meeting in the Cabinet Room lasted only about seven minutes. Trump effectively said to the visiting Democrats that he wanted to do infrastructure, “‘but you’re focused on investigating. Meeting over,'” Trump said, and then he left. It appeared as though Trump’s abrupt walkout had been


Wednesday’s meeting was supposed to be the second official sit-down between the president and Democratic leadership specifically focused on infrastructure. According to a White House official who spoke to CNBC, the meeting in the Cabinet Room lasted only about seven minutes. Trump effectively said to the visiting Democrats that he wanted to do infrastructure, “‘but you’re focused on investigating. Meeting over,'” Trump said, and then he left. It appeared as though Trump’s abrupt walkout had been
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Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: christina wilkie
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Trump says he won't do an infrastructure bill while Democrats continue to investigate him

President Donald Trump abruptly walked out of a meeting with House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., at the White House Wednesday, telling reporters moments later that he would not negotiate on legislation with Democrats while he was still under investigation by several committees.

Wednesday’s meeting was supposed to be the second official sit-down between the president and Democratic leadership specifically focused on infrastructure.

“I walked into the room and I told Senator Schumer and Speaker Pelosi, ‘I want to do infrastructure’ …. but we can’t do it under these circumstances,” Trump said in a last minute Rose Garden event.

Trump’s anger appears to have been sparked by comments Pelosi made earlier in the day when she said, “we believe the president of the United States is engaged in a cover up” by blocking White House aides from giving testimony and responding to document requests from ongoing congressional investigations.

“I don’t do cover ups,” Trump insisted Wednesday.

According to a White House official who spoke to CNBC, the meeting in the Cabinet Room lasted only about seven minutes. Trump effectively said to the visiting Democrats that he wanted to do infrastructure, “‘but you’re focused on investigating. When you’re done we can talk. Meeting over,'” Trump said, and then he left.

“I knew the president was not serious about infrastructure and would find a way out,” Pelosi said to her Democratic colleagues after Trump’s exit, according to a Democratic aide who spoke to NBC News.

It appeared as though Trump’s abrupt walkout had been planned in advance, given that the White House had prepared a sign to adorn the presidential lectern, and handouts that were given to reporters following the Rose Garden statement.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: christina wilkie
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Trump on latest North Korean missile tests: ‘Nobody’s happy about it’

WASHINGTON — President Donald Trump on Thursday said he wasn’t pleased to hear reports that North Korea had launched two short-range missiles overnight. “They were smaller missiles, short-range missiles,” Trump told reporters at the White House. Just days ago, North Korea launched several unidentified projectiles, the first confirmed rocket launches Pyongyang had conducted since 2017. Trump compared the stalled North Korean negotiations to his current trade talks with China, which are underway t


WASHINGTON — President Donald Trump on Thursday said he wasn’t pleased to hear reports that North Korea had launched two short-range missiles overnight. “They were smaller missiles, short-range missiles,” Trump told reporters at the White House. Just days ago, North Korea launched several unidentified projectiles, the first confirmed rocket launches Pyongyang had conducted since 2017. Trump compared the stalled North Korean negotiations to his current trade talks with China, which are underway t
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Trump on latest North Korean missile tests: 'Nobody's happy about it'

WASHINGTON — President Donald Trump on Thursday said he wasn’t pleased to hear reports that North Korea had launched two short-range missiles overnight.

“They were smaller missiles, short-range missiles,” Trump told reporters at the White House. “Nobody’s happy about it, but we’re taking a good look, and we’ll see.”

“The relationship continues, but we’ll see what happens,” Trump added. “They want to negotiate, they’re talking about negotiating, but I don’t think they’re ready to negotiate.”

Thursday’s firing was the second in less than a week. Just days ago, North Korea launched several unidentified projectiles, the first confirmed rocket launches Pyongyang had conducted since 2017.

Trump compared the stalled North Korean negotiations to his current trade talks with China, which are underway this week in Washington.

“It’s very much like China, we were getting very close to a deal, and then they started to renegotiate the deal, and we can’t have that,” Trump said.


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: christina wilkie, joshua roberts
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White House is ‘reviewing’ Trump Fed pick Stephen Moore’s controversial past writings

Moore’s writings have come under scrutiny for passages that appear to denigrate women, call for the repeal of child labor laws, make jokes about AIDS, and jab at Moore’s now-ex wife, Allison Moore. “Certainly, we’re reviewing those comments,” Sanders told reporters Monday morning outside the White House, in response to a question about the writings, and about Moore’s insistence that he is the target of a “sleaze campaign.” Asked later about whether Sanders’ remarks reflected a change in tone fro


Moore’s writings have come under scrutiny for passages that appear to denigrate women, call for the repeal of child labor laws, make jokes about AIDS, and jab at Moore’s now-ex wife, Allison Moore. “Certainly, we’re reviewing those comments,” Sanders told reporters Monday morning outside the White House, in response to a question about the writings, and about Moore’s insistence that he is the target of a “sleaze campaign.” Asked later about whether Sanders’ remarks reflected a change in tone fro
White House is ‘reviewing’ Trump Fed pick Stephen Moore’s controversial past writings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: christina wilkie
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White House is 'reviewing' Trump Fed pick Stephen Moore's controversial past writings

Stephen Moore, visiting fellow at the Heritage Foundation. Tom Williams | CQ-Roll Call Group | Getty Images

White House press secretary Sarah Huckabee Sanders confirmed Monday that the Trump administration is in the process of reviewing the past writings of conservative economics pundit Stephen Moore, President Donald Trump’s recently announced pick to join the board of the Federal Reserve. Moore’s writings have come under scrutiny for passages that appear to denigrate women, call for the repeal of child labor laws, make jokes about AIDS, and jab at Moore’s now-ex wife, Allison Moore. “Certainly, we’re reviewing those comments,” Sanders told reporters Monday morning outside the White House, in response to a question about the writings, and about Moore’s insistence that he is the target of a “sleaze campaign.” “When we have an update on that front, we’ll let you know,” Sanders said.

Asked later about whether Sanders’ remarks reflected a change in tone from the White House regarding Moore’s expected nomination, National Economic Council Director Larry Kudlow told reporters they did not. Kudlow also emphasized that there had been no change in the president’s position on Moore, who was one of a small number of high-profile economists who backed Trump’s 2016 presidential campaign. Nonetheless, Sanders’ comments marked the first time the White House has acknowledged that Moore’s past writings are undergoing internal, as well as external, scrutiny. It was also noteworthy for Sanders to indicate that an “update” would be forthcoming after the review was complete. If Moore were to withdraw his name under from consideration for the Fed post, he would become the second Trump pick to do so in recent weeks: On April 22, Trump announced that former pizza company executive Herman Cain had asked that his name be withdrawn from potential nomination, after four Republican senators said they would not support him, leaving Cain short of the 51 votes needed to be confirmed to the post. Moore’s past writings The controversial comments Moore has made are scattered across decades worth of opinion columns he has written for conservative media outlets. But they include repeated suggestions by Moore that if women earn more money than men, it could lead to societal instability. “What are the implications of a society in which women earn more than men?” Moore wrote in a 2014 column for National Review. “We don’t really know, but it could be disruptive to family stability. If men aren’t the breadwinners, will women regard them as economically expendable? We saw what happened to family structure in low-income and black households when a welfare check took the place of a father’s paycheck. Divorce rates go up when men lose their jobs” he wrote.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: christina wilkie
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Biden Foundation suspends operations, effective immediately

The Biden Foundation, created in 2017 by former Vice President Joe Biden and Dr. Jill Biden, announced Thursday that it would suspend operations effective immediately, just hours after Joe Biden formally launched his campaign for the 2020 Democratic presidential nomination. According to a statement from the foundation, the suspension will include “activities related to fundraising, staffing, policy, and partnership collaboration across its policy pillars.” “The Vice President and Dr. Biden are t


The Biden Foundation, created in 2017 by former Vice President Joe Biden and Dr. Jill Biden, announced Thursday that it would suspend operations effective immediately, just hours after Joe Biden formally launched his campaign for the 2020 Democratic presidential nomination. According to a statement from the foundation, the suspension will include “activities related to fundraising, staffing, policy, and partnership collaboration across its policy pillars.” “The Vice President and Dr. Biden are t
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Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: christina wilkie, jim watson, afp, getty images
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Biden Foundation suspends operations, effective immediately

The Biden Foundation, created in 2017 by former Vice President Joe Biden and Dr. Jill Biden, announced Thursday that it would suspend operations effective immediately, just hours after Joe Biden formally launched his campaign for the 2020 Democratic presidential nomination.

According to a statement from the foundation, the suspension will include “activities related to fundraising, staffing, policy, and partnership collaboration across its policy pillars.”

“The Vice President and Dr. Biden are the heart and soul of the foundation and now will be devoting all their time and effort to the presidential campaign,” Ted Kaufman, chairman of the Biden Foundation’s board, said in a statement Thursday. “We are immediately suspending foundation activities. In the coming days, the board will put together a plan for an orderly wind-down of all of the foundation’s work.”

Since its founding, the Biden Foundation has served as a means by which the former vice president and his wife could remain engaged in causes they worked on while in the Obama White House, such as expanding college affordability, broadening employment opportunities for military spouses, and combatting violence against women. In its first year, the foundation reported raising $6.6 million. Fundraising figures for 2018 had yet to be released on Thursday.

News of the foundation’s imminent suspension was first reported by The New York Times.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: christina wilkie, jim watson, afp, getty images
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Trump: ‘We’re fighting all the subpoenas’ from House Democrats

President Donald Trump vowed Wednesday to battle every subpoena lodged by House Democrats. “We’re fighting all the subpoenas,” Trump told reporters outside the White House, en route to an event in Georgia on the opioid crisis. In recent months, House Democratic leaders have issued dozens of requests for information or cooperation from Trump, his administration and his associates. The subpoena for McGahn, issued by House Judiciary Chairman Jerrold Nadler, D-N.Y., is “ridiculous,” Trump said outsi


President Donald Trump vowed Wednesday to battle every subpoena lodged by House Democrats. “We’re fighting all the subpoenas,” Trump told reporters outside the White House, en route to an event in Georgia on the opioid crisis. In recent months, House Democratic leaders have issued dozens of requests for information or cooperation from Trump, his administration and his associates. The subpoena for McGahn, issued by House Judiciary Chairman Jerrold Nadler, D-N.Y., is “ridiculous,” Trump said outsi
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Trump: 'We're fighting all the subpoenas' from House Democrats

President Donald Trump vowed Wednesday to battle every subpoena lodged by House Democrats.

“We’re fighting all the subpoenas,” Trump told reporters outside the White House, en route to an event in Georgia on the opioid crisis.

In recent months, House Democratic leaders have issued dozens of requests for information or cooperation from Trump, his administration and his associates.

Democrats are demanding testimony from high-ranking current and former White House officials, as well as years of Trump’s financial records and the unredacted version of special counsel Robert Mueller’s report on Russian meddling in the 2016 election..

Caught at the center of the crossfire is former White House counsel Don McGahn, who was cited by Mueller more than any other Trump official in the special counsel’s 448-page report that also investigated possible Trump-campaign coordination with the Kremlin and obstruction of justice by Trump himself.

On Tuesday, Trump told The Washington Post that he did not see any reason to “go any further” in allowing his aides to testify before congressional committees, “especially in Congress where it’s very partisan — obviously very partisan.”

Trump has already backed up his rhetoric with action: On Monday, the president sued House Oversight Committee Chairman Elijah Cummings, D-Md., and the president’s former accounting firm Mazars to block a subpoena seeking years of financial information from Trump and his businesses.

Several legal scholars have since noted that the lawsuit against the accounting firm is a long shot and appears to be more of a delay tactic than anything else. In their justification for why the courts should block the release of the president’s taxes, Trump’s lawyers cite case law from an 1880 ruling as their precedent. In 1927, that precedent was replaced with a much broader reading of congressional powers, which has set the legal standard ever since, although Trump’s lawyers do not mention this.

“They’re seeking … to overturn the entire modern case law that the courts have put together to respect Congress’ investigative power,” University of Baltimore law professor Charles Tiefer told The Washington Post. “These suits look like an act of desperation by the Trump lawyers.”

The subpoena for McGahn, issued by House Judiciary Chairman Jerrold Nadler, D-N.Y., is “ridiculous,” Trump said outside the White House on Wednesday.

The Russia report — released with redactions Thursday — found insufficient evidence to prove that Trump’s 2016 campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that the report did not show that Trump committed an obstruction of justice offense.

Senior White House advisor Kellyanne Conway said earlier Wednesday that an option to assert executive privilege to keep McGahn from testifying “is on the table.”

Nadler has already rejected that move, however. “The moment for the White House to assert some privilege to prevent this testimony from being heard has long since passed,” the committee chairman said in a statement Tuesday evening.

Trump spoke to the press en route to Atlanta, where he and first lady Melania Trump are scheduled to headline an event on the opioid crisis Wednesday afternoon.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: kevin breuninger, christina wilkie, kevin lamarque
Keywords: news, cnbc, companies, trump, trumps, white, house, fighting, subpoena, democrats, subpoenas, told, law, chairman, report, mcgahn


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